Allegiant Commences Uav-Mag Survey at Goldfield WEST Project
ALLEGIANT COMMENCES UAV-MAG SURVEY AT GOLDFIELD WEST
PROJECT
Reno, Nevada /May 19, 2022 - Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V)
(AUXXF: OTCQX) is pleased to announce the commencement of a UAV-based MAG geophysical survey at
Goldfield West ahead of a future drill program.
The Goldfield West property (“Goldfield West” or the “Property”) operated by Allegiant Gold consists of
185 unpatented claims (80 claims optioned from Anchor Minerals) located near the historic town of
Goldfield. The Property is near Gemfield recently acquired by Centerra Gold from Waterton Global
Resources for approximately US$206 million. The Property is situated nearby a main highway and has
access to excellent infrastructure. Zonge Engineering will be conducting the survey at Goldfield West and
is expected to be completed in the next few days.
Peter Gianulis, CEO of Allegiant Gold, commented: “Goldfield West is one of our most sought-after
projects located near the historic mining town of Goldfield. We are very excited to finally initiate a work
campaign. The Mag survey is the next step in a program that will lead to further geophysical work
consisting of resistivity surveying (i.e., CSAMT) and geochemical sampling and detailed geologic mapping,
ultimately leading to a drill plan and program.”
ABOUT ALLEGIANT
Allegiant owns 100% of 10 highly-prospective gold projects in the United States, 7 of which are located in
the mining-friendly jurisdiction of Nevada. Three 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
indicates 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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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
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