Allegiant Selects Company for Core Drilling Program at Eastside 2,000-Metre Drill Program to Test Depth Extensions of High-Grade Zone
Allegiant Selects Company for Core Drilling Program at Eastside
2,000-Metre Drill Program to Test Depth Extensions of High-Grade Zone
Tonopah, Nevada / July 21, 2025 - Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF:
OTCQX) is pleased to announce the selection of Timberline Drilling Inc., based in Elko, Nevada, to conduct a 3-
hole, up to 2,000-metre diamond core drill program at its flagship Eastside Project located near Tonopah,
Nevada.
The program will target the High-Grade Zone (HGZ) within the McIntosh Zone and is designed to follow up on
the most successful drill holes in the Company’s history. Drilling is anticipated to commence within the next 2
to 3 weeks.
PROGRAM HIGHLIGHTS:
• Drill Contractor: Timberline Drilling Inc. of Elko, Nevada
• Program: Up to 2,000 metres of HQ diamond core drilling in 3-4 holes
• Drill Holes:
o ESC-321 and ESC-322: New vertical core holes to be drilled to depths of over 600 metres each,
following up on prior bonanza-grade intercepts in ES-239 and ES-243, last drilled in 2021
o ES-323: A newly designed 65-degree angle hole, totaling 740 metres (approximately 660 metres
vertical depth) to test deeper structural controls and the potential for high-grade mineralization
Peter Gianulis, CEO of Allegiant Gold, commented: "After a significant amount of analysis and reinterpretation,
we are now set to test the vertical extensions of the two most successful holes in the Company’s history. This
program will test for continuity and potential expansion of the High-Grade Zone at depth. If successful, it could
represent a major step toward re-rating Eastside as one of Nevada’s most exciting gold-silver projects.”
This program is supported by Allegiant’s updated exploration model, which incorporates over 60,000 metres of
historical drilling along with recent structural, lithological, geochemical, and geophysical datasets. Drilling results
will inform future exploration planning and potential resource updates.
About Timberline Drilling Inc.
Timberline Drilling Inc. is a privately held, full-service drilling contractor based in Elko, Nevada, specializing in
core, reverse circulation, and sonic drilling. With over 30 years of experience operating across the western United
States, Timberline has built a strong reputation for safety, efficiency, and technical excellence in mineral
exploration. The company is known for its modern fleet, skilled personnel, and deep operational knowledge of
Nevada's geological environments, making it a preferred drilling partner for exploration and mining companies
working in the region.
About Allegiant Gold
Allegiant owns five highly prospective gold projects in the United States, all located in the mining -friendly
jurisdiction of Nevada. Allegiant’s flagship Eastside project is a district-scale asset hosting a large and expanding
gold-silver resource in an area of excellent infrastructure. Preliminary metallurgical testing indicates both oxide
and sulphide mineralization are amenable to heap leaching.
ON BEHALF OF THE BOARD
Peter Gianulis
CEO
For more information contact:
Investor Relations
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the adequacy or accuracy of this release.
Certain statements and information contained in this press release constitute "forward-looking statements" within the meaning of applicable U.S. securities
laws and “forward-looking information” within the meaning of applicable Canadian securities laws, wh ich are referred to collectively as "forward-looking
statements". The United States Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Allegiant Gold
Ltd.’s (“Allegiant”) exploration plans for its gold exploration properties, the drill program at Allegiant’s Eastside project, the preparation and publication of an
updated resource estimate in respect of the Original Zone at the Eastside project, Allegiant’s future exploration and development plans, including anticipated
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