Allegiant Receives Final Blm Approval at Flagship Eastside Project, Increasing Permitted Area BY 600% Also Receives Amended Drilling Permit FOR Follow-up Drilling at Recent High-Grade Discovery at Eastside
ALLEGIANT RECEIVES FINAL BLM APPROVAL AT FLAGSHIP EASTSIDE
PROJECT, INCREASING PERMITTED AREA BY 600%
ALSO RECEIVES AMENDED DRILLING PERMIT FOR FOLLOW-UP DRILLING AT RECENT
HIGH-GRADE DISCOVERY AT EASTSIDE
Reno, Nevada /September 28, 2021 - Allegiant Gold Ltd. (“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF:
OTCQX) is very pleased to announce the receipt of two permits allowing for a significant expansion of drilling and
operations at its Flagship Eastside Project (Inferred ounces of 1.4M Au and 8.7M Ag*) near the town of Tonopah,
Nevada. The first permit expands the Plan-of-Operations (“PoO”) from the previous 600 acres to over 3,676 acres
around the Original Pit Zone. The second permit received amends the existing drill target plan within the Original
Pit Zone and will allow Allegiant to drill up to 14 new diamond core holes to test the recently discovered high-grade
zone announced on May 26, 2021. Highlights of that announcement included:
• Strong gold intercepts in Holes 239, 243, 244 and 245
• Mineralization encountered in 7 of 9 holes
• Significant silver in Holes 243 and 239
• Hole 243 included 2.55 g/t Au over 147.8 metres (3.17 g/t Au over 117.3m)
• Hole 239 included 111.3m of 1.45 g/t Au including 3.1 metres of 39 g/t at the bottom of the hole.
• Hole 244 included 76 metres of mineralization with best intercept being 6.1m of 1.48 g/t Au
• Hole 245 included 15.2 metres of 3.4 g/t Au from relatively shallow depths (177m)
• Eastside remains open in all directions and at depth in both the Original Pit Zone and the Castle Zone
Peter Gianulis, CEO of Allegiant Gold , commented: “The receipt of the two permits is a major develop ment that
will allow us to further expand beyond the existing Original Pit Zone at Eastside as well as offset drilling around the
recently discovered high-grade zone. We embarked on this expanded Plan-of-Operations over 18 months ago with
the plan of testing geochemical and geophysical anomalies that have never been previously drilled . We look
forward to executing our business plan which includes significant drilling.”
The newly approved PoO allows us to build new roads and access to 160 new drill sites to test go ld, arsenic, and
intense hydrothermal alteration zones continuing south and west of our existing resource for at least 2 -3 km. It
also allows Allegiant to drill geophysical anomalies on the pediment east of our existing resource which are
interpreted to be rhyoli te domes known to be key for hosting gold at Eastside . Allegiant plans to provide a
comprehensive update on the business plan and the upcoming drilling in the near future.
*The updated resource estimate (“Updated Resource Estimate and NI 43-101 Technical Report, Eastside and Castle Gold-Silver
Project Technical Report, Esmeralda County, Nevada”) was conducted by Mine Development Associates (“ MD A”), a division
of RESPEC of Reno, Nevada with an effective date of July 30, 2021. Contained pit-constrained Inferred Resources (cut-off grade
of 0.15 g/t) of 1,090,000 Au ounces in 61,730,000 tonnes at 0.55 g/t Au and 8,700,000 Ag ounces at 4.4 g/t Ag at the
Original Pit Zone and 314,000 Au ounces in 19,986,000 tonnes at 0.49 g/t Au at the Castle Area. In accordance with NI
43-101, the MDA Technical Report dated July 30, 2021, will be filed on SEDAR. This report builds on and supersedes the NI
43-101 reports of Ristorcelli (December 2016), Ristorcelli (July 2017) and Ristorcelli (January 2020) titled “Amended
Updated Resource Estimate and NI 43-101 Technical Report, Eastside and Castle Gold-Silver Project, Esmeralda County,
Nevada” prepared for Allegiant with an Effective Date of December 30, 2019.
See Eastside expanded permit area here:
Map 1: Expanded Permit Area Map
https://allegiantgold.com/site/assets/files/2209/eastside-expanded-permit-area-map.jpg
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, 7 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 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
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.
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 costs and timing thereof; Allegiant’s plans for growth through exploration activities,
acquisitions or otherwise; and expectations regarding future maintenance and capital expenditures, 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
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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 the sections entitled “Risk
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