Allegiant Announces Commencement and Expansion of Drilling Program at Eastside
ALLEGIANT ANNOUNCES COMMENCEMENT AND EXPANSION OF
DRILLING PROGRAM AT EASTSIDE
Reno, Nevada /April 4, 2022 - Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF: OTCQX)
is pleased to announce the arrival of a reverse circulation (“RC”) Drill Rig at Eastside and commencement of drilling.
Furthermore, the Company is expanding the drill program from the originally planned 12,000 meters to over 14,000
metres.
Following up on the recently receive d permitted area expansion, Allegiant plans to drill up to 30 RC holes in the
East Pediment area immediately to the east of the Original Pit Zone (“OPZ”) to an average depth of 200 metres. In
addition, the Company intends to move the rig to the West Anomaly area of Eastside where approximately 10 RC
holes will be drilled to an average depth of 300 metres. The East Pediment drilling targets resistivity highs under
shallow, alluvial cover (2-20 m). These resistors have the same geophysical signature as the rhyolite domes hosting
most of the gold and silver in the area of past drilling at the Original Pit Zone. The West Anomaly drilling is targeting
geochemical anomalies detected by surface sampling where gold values range from 0.5 g/t - 24 g/ t gold with
attendant pathfinder trace element signatures. To date, there has been no previous drilling on the East Pediment
or the West Anomaly.
MAP 1: DRILL TARGETS
https://allegiantgold.com/en/projects/eastside/maps/
Peter Gianulis, CEO of Allegiant Gold , commented: “We are very excited to start the follow-up drill program at
Eastside. The recent strategic investment from Kinross Gold has made it possible for us to expand our 2022 drill
program to more than 14,000 metres . The commencement of this much anticipated RC program will provide us
with an excellent opportunity to expand the existing resource beyond the Original Pit Zone.”
QUALIFIED PERSON
Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and
is the Qualified Person under NI 43 -101, Standards of Disclosure for Mineral Projects, who has reviewed and
approved the scientific and technical content of this press release.
ABOUT ALLEGIANT
Allegiant owns 100% of 10 highly-prospective gold projects in the United States, seven of which are located in the
mining-friendly jurisdiction of Nevada. Four of Allegiant’s projects are farmed-out, providing for cost reductions
and cash-flow. Allegiant’s flagship, district-scale Eastside project hosts a large and expanding gold resource and is
located in an area of excellent infrastructure. Preliminary metallurgical testing i ndicates that both oxide and
sulphide gold mineralization at Eastside is amenable to heap leaching.
ON BEHALF OF THE BOARD
Peter Gianulis
CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1-888-818-1364
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responsibility for 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, which 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 anticipate d costs and timing thereof; Allegiant’s plans for growth
through exploration activities, acquisitions or otherwise; and expectations regarding future maintenance and capital expendit ures, and
working capital requirements. Forward-looking statements are statements and information regarding possible events, conditions or results
of operations that are based upon assumptions about future economic conditions and courses of action. All statements and information other
than statements of historical fact may be f orward-looking statements. In some cases, forward -looking statements can be identified by the
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