ALLEGIANT Completes Red Hills Drill Program and Begins Drilling at Hughes Canyon; Nevada
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NEWS RELEASE
ALLEGIANT Completes Red Hills Drill Program and Begins Drilling at
Hughes Canyon; Nevada
Vancouver, BC, Canada, October 2nd, 2018, Allegiant Gold Ltd. (AUAU: TSX -V) (AUXXF: OTCQX) is
pleased to report on the progress of its high -impact discovery drilling campaign. A total of six (6)
projects located principally in the world-class gold mining jurisdiction of Nevada are slated for drilling
over a 10 -12 month period; drilling commenced at the Red Hills project in August 2018 (see press
release of August 22, 2018).
ALLEGIANT completed the Red Hills drill program on Sep tember 20, 2018. Nine (9) holes were drilled
for a total of 2,342 meters. Seven of the holes were drilled in a covered flat targeting a buried intrusive
and its margin. Two holes were drilled to test a northwest -trending structure cutting Paleozoic
sedimentary rocks on the south end of Red Hills where surface sampling had returned high trace
elements and encouraging gold grades. Assays are pending.
Drilling has commenced at ALLEGIANT’s Hughes Canyon gold project located 50 km east of Lovelock,
Nevada. Twelve drill holes totaling 2,550 meters, are planned. Holes will be drilled on the pediment
immediately west of the Hughes Canyon gold showing along the western margin of the Stillwater
Range. Drill holes will target both geophysical and geochemical anomalies in Mesozoic sedimentary
rocks.
Qualified Person
Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional
Geologists and is a Qualified Person as defined under National Instrument 43 -101 - Standards of
Disclosure for Mineral Projects. Mr. Wallace has reviewed and approved the technical content of this
press release.
ABOUT ALLEGIANT
ALLEGIANT owns 100% of 14 highly -prospective drill-ready gold projects in the United States, 11 of
which are located in the mining-friendly jurisdiction of Nevada. Six of the projects are slated for near-
term drilling and all offer excellent discovery opportunity. 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.
Allegiant Gold Ltd.
1090 Hamilton Street
Vancouver, BC V6B 2R9, Canada
www.allegiantgold.com
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ON BEHALF OF THE BOARD,
Robert F. Giustra
Chairman & CEO
For more information contact:
Investor Relations
(604) 634-0970 or
1-888-818-1364
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward Looking Statements
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. Forward-looking statements
are statements and information regarding possible events, conditions or results of operations that are based upon
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of historical fact may be forward-looking statements. In some cases, forward -looking statements can be identified by the
use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”,
“predict”, “potential”, “targe t”, “may”, “could”, “would”, “might”, “will” and similar words or phrases (including negative
variations) suggesting future outcomes or statements regarding an outlook. Forward -looking statements in this and other
press releases include but are not limited to statements and information regarding Allegiant Gold Ltd.’s (“Allegiant”) drilling
and exploration plans for its properties , including anticipated timing thereof. Such forward-looking statements are based
on a number of material factors and assumptions and involve known and unknown risks, uncertainties and other factors
which may cause actual results, performance or achievements, or industry results, to differ materially from those anticipated
in such forward -looking information. You are cautioned not t o place undue reliance on forward -looking statements
contained in this press release. Some of the known risks and other factors which could cause actual results to differ materially
from those expressed in the forward -looking statements are described in th e sections entitled “Risk Factors” in Allegiant’s
Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR under Allegiant’s
profile at www.sedar.com. Actual results and future events could differ materially from those anticipated in such statements.
Allegiant undertakes no obligation to update or revise any forward-looking statements included in this press release if these
beliefs, estimates and opinions or other circumstances should change, except as other wise required by applicable law.