Drilling at ALLEGIANT’S Bolo Project Intersects 29 Metres of 3.34 g/t Gold
1 The true width of mineralization in most drill holes is estimated to be approximately 60-70% of drilled width.
2 The true width of the lower gold zone in BL19-04 is unknown.
Page 1 of 4
NEWS RELEASE
Drilling at ALLEGIANT’S Bolo Project Intersects 29 Metres of 3.34 g/t Gold
Vancouver, BC, Canada, October 28, 2019, Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF:
OTCQX) is pleased to announce that JV partner Barrian Mining Corp. (TSX-V: BARI, OTCQB: BARRF)
today announced results from ALLEGIANT's Bolo gold project in Nevada. Barrian can earn an initial
50.01% interest in Bolo by making share payments to ALLEGIANT totaling US$1 million and completing
US$4 million in exploration expenditures.
According to Barrian:
Hole BL19-01 represents one of the highest-grade gold intercept to date at Bolo, yielding 3.34 grams
per tonne (g/t) gold over 29.0 metres, including a higher-grade zone of 4.97 g/t gold over 13.7 metres1.
The intercept occurs within a broader envelope of mineralization averaging 1.37 g/t gold over 84
metres starting from surface1. These intercepts expand the footprint of gold mineralization
approximately 35 metres vertically below the previous drilling on section. Mineralization remains open
at depth (Figure 1).
Table 1: Significant 2019 Bolo Gold-Silver Project RC Drilling Results to Date
Hole BL19-01 (-65° dip / 270 azimuth) was drilled in the South Mine Fault Zone approximately 30 metres
north of hole BL19-02 (see Barrian’s news release dated October 21, 2019) and 90 metres north of hole
Hole ID
(dip/azimuth) Released Target From
(m)
To
(m)
Interval
(m)1,2
Au
(g/t)
0.2
cutt-
off
BL19-01
(-65/270) Current News
Release
Down-dip extension of mineralization
in previous drill hole BL-39 0 83.8 83.8 1.37
Including One of the highest grade gold
intercepts to date at Bolo extends gold
mineralization 35 m vertically
21.3 50.3 29.0 3.34
and 35.1 47.2 13.7 4.97
BL19-02
(-65/270) Barrian News Release
October 21, 2019
Down-dip extension of mineralization
in historical hole BL-38; extends gold
mineralization 60 m vertically
48.8 134.1 85.3 1.01
including 67.1 99.1 32.0 2.01
BL19-04
(-55/270)
Barrian News Release
October 23, 2019
Down-dip extension of mineralization
in historical hole BL-29 79.3 201.2 121.9 1.19
including Upper gold zone extends approximately
25-40 m vertically down from BL-29
with improvement in grade versus BL-
29
80.8 117.4 36.6 2.10
and 96.0 111.3 15.2 3.25
and New Discovery deep gold zone
intersected 200 m below surface 187.5 199.6 12.2 3.32
Allegiant Gold Ltd.
1090 Hamilton Street
Vancouver, BC V6B 2R9, Canada
www.allegiantgold.com
1 The true width of mineralization in most drill holes is estimated to be approximately 60-70% of drilled width.
2 The true width of the lower gold zone in BL19-04 is unknown.
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BL19-04 (see Barrian’s news release dated October 23, 2019) targeting the down-dip extension of
previous intercepts drilled by Allegiant Gold Ltd (prior to the spin-out by Columbus Gold) from hole BL-
39, comprising 1.62 g/t Au over 54.9 m, including 3.28 g/t Au over 15.2 m and 2.03 g/t Au over 7.6 m1.
BL19-01 intersected Carlin-style oxide gold mineralization from surface and approximately 35 metres
vertically below BL-39 within visibly altered (silicified and oxidized) jasperoids, siliceous siltstones and
cherty limestones within the hanging wall Cambrian Windfall Formation. The intensity of alteration
decreases after 60 metres down hole, but remains continuous to 91 metres. Weak alteration is
observed locally past 90 metres into the footwall Silurian Roberts Mountain Formation dolomite.
Prior to BL19-01, the highest-grade intercept drilled at Bolo was from hole BL-38 (located 30 metres
south-southwest of BL19-01), comprising 3.24 g/t gold over 30.5 metres, including 5.08 g/t gold over
12.2 metres1. The intercepts from both holes are near identical in width and grade, and both holes
were drilled west (270 azimuth) at a -65° dip.
Barrian anticipates additional drill results over the coming weeks on the other seven (7) drill holes. The
remaining unreported drill holes include significant mineralized intersections that will provide potential
to expand the South Mine Fault Zone and Uncle Sam Zone. The drilled areas form part of a greater
mineralized trend that extends for over 1.2 kilometres along strike. The 2019 Induced Polarization and
Resistivity (IP/Res) ground geophysical program generated targets that correspond well wit h new
results. The IP/Res anomalies indicate mineralized areas may extend to depth and along strike,
providing additional growth potential across the Bolo Project area.
Figure 1: Bolo Gold Silver Project BL19-04 Drill Section (Showing Resistivity)
1 The true width of mineralization in most drill holes is estimated to be approximately 60-70% of drilled width.
2 The true width of the lower gold zone in BL19-04 is unknown.
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Methodology and QA/QC
The analytical work reported on herein was performed by ALS Global (ALS), Elko (sample preparation),
Reno (gold fire assay) Nevada, and Vancouver (multi-element geochemistry) Canada. ALS is an ISO-IEC
17025:2017 and ISO 9001:2015 accredited geoanalytical laboratory and is independent of the Barrian
and the QP. RC drill samples were subject to crushing at a minimum of 70% passing 2 mm, followed by
pulverizing of a 250 gram split to 85% passing 75 microns. Gold determination was via standard atomic
absorption (AA) finish 30 gram fire-assay (FA) analysis, in addition to 48 element ICP-MS
geochemistry. Barrian follows industry standard procedures for the work carried out on the Bolo Gold-
Silver Project, with a quality assurance/quality control (QA/QC) program. Blank, duplicate and standard
samples were inserted into the sample sequence sent to the laboratory for analysis. Barrian detected
no significant QA/QC issues during review of the data. Barrian is not aware of any drilling, sampling,
recovery or other factors that could materially affect the accuracy or reliability of the data referred to
herein.
Qualified Person
The scientific and technical information contained in this news release as it relates to the Bolo Project
has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX
Geoscience Ltd. of Edmonton, AB and a Director of Barrian, and Christopher Livingstone, P.Geo. (BC)
Project Geologist of APEX Geoscience Ltd. of Edmonton, AB, both “Qualified Persons” as defined in
National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle and Mr.
Livingstone verified the data disclosed which includes a review of the analytical and test data
underlying the information and opinions contained therein.
ABOUT ALLEGIANT
ALLEGIANT owns 100% of 12 highly-prospective drill-ready gold projects in the United States, 9 of which
are located in the mining-friendly jurisdiction of Nevada. ALLEGIANT is one of the most active explorers
in the gold sector; three projects with “discovery” potential have been drilled since August 2018, and
at least four more are planned to be drilled in 2019. ALLEGIANT’s flagship Eastside project hosts a large
and expanding gold resource, is district scale, and is located in an area of excellent infrastructure.
Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside
is amenable to heap leaching.
Further information regarding ALLEGIANT can be found at www.allegiantgold.com
ON BEHALF OF THE BOARD,
Peter L Gianulis
President & CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1 The true width of mineralization in most drill holes is estimated to be approximately 60-70% of drilled width.
2 The true width of the lower gold zone in BL19-04 is unknown.
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