Allegiant Provides Drill Targets FOR Upcoming Test of High Grade Zone at Mcintosh Zone
ALLEGIANT PROVIDES DRILL TARGETS FOR UPCOMING TEST OF
HIGH GRADE ZONE AT MCINTOSH ZONE
Tonopah, Nevada /April 8, 2025 - Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V)
(AUXXF: OTCQX) is providing information on the drilling targets for the upcoming 2,000-3,000 metre
diamond core drill program targeting the High-Grade Zone (“HGZ”) within the McIntosh Zone at its
flagship Eastside property (“Eastside”) near the town of Tonopah, Nevada.
Targeting High Grade Mineralization
The drill program’s primary function will be to follow-up on the successful drill programs of 2021 and
2022. Eastside mineralization remains open to depth below the deepest holes drilled to date and the drill
program will test the extensions of the bonanza-type grades at the bottom of Hole ES-239 and good
grades at ES-243, including:
Hole 239 - 3 Metres of 39.0 g/t gold and 6.1 metres of 113.35 g/t of silver
Hole 243 - 148 Metres of 2.6 g/t gold (including 14 metres of 21.9 g/t gold ) (including 20 metres of 173.8
g/t silver)
Hole 243 ended in gold mineralization, with the bottom running 12.2m of 2.24 g/t Au (within a 55m interval
of 0.92 g/t Au)
The targets (see Map 1) were selected based on a comprehensive review of our exploration model
incorporating over 60,000 metres of drilling, geophysical, geochemical, lithology and structural data. The
exploration model shows a strong correlation between grade and the known structures.
Following the impressive discoveries by Anglogold at Silicon and Kinross at Phase X Round Mountain both
at depth within the Walker Lane, there is a compelling rationale to deepen our 2021 work at the HGZ at
Eastside. To date, no hole at Eastside has been drilled deeper than 420 metres from surface with multiple
holes bottoming in bonanza-grade material.
MAP 1: DRILL TARGETS – MCINTOSH ZONE
https://allegiantgold.com/site/assets/files/3144/layout-
_11x17_2024_drillholes_and_geophysical_targets.pdf
Peter Gianulis, CEO of Allegiant Gold, commented: “The comprehensive review of the exploration model
has improved our understanding of the McIntosh Zone and will allow us to now test multiple structures
including the HGZ discovered in 2021. Previous drill programs have never gone materially beyond the
400-metre zone (from surface) although some of our best intercepts (ES-239 and ES-243) showed
bonanza-type grades at the bottom of each of these holes at 400 metres. The 2022 follow-up program
was successful at showing continued mineralization within the zones but never tested the area
immediately below the deepest intercepts. The design of the upcoming drill program should give us the
best opportunity to extend the HGZ at depth. If successful, this will make Eastside one of the most
compelling development projects in Nevada.”
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 five highly prospective gold projects in the United States all of which are in the mining-
friendly jurisdiction of Nevada. Allegiant’s flagship, district-scale Eastside project hosts a large and
expanding gold resource and is 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
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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 anticipated
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