Andy Wallace Appointed to Allegiant’s Board of Directors
Andy Wallace Appointed to Allegiant’s Board of Directors
VANCOUVER, British Columbia, July 21, 2020 -- Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V, AUXXF: OTCQX) is
pleased to announce the appointment of Andy Wallace to its Board of Directors effectively immediately.
Mr. Wallace is the Principal of Cordex Exploration, considered by many in the mining industry to be one of the most
successful gold exploration groups in the United States. Cordex is credited with an unprecedented nine gold discoveries in
Nevada, a number of which were under Mr. Wallace's management, including the 5-million-ounce Marigold Mine, the 12 million
-ounce Stonehouse/Lone Tree Mine, and the Daisy Mine. Mr. Wallace was also involved in the discovery of the Sterling Mine
and of the Dee Mine.
Mr. Wallace’s experience in the gold mining industry includes every aspect of mineral exploration and mine development. At
his Marigold discovery, and also at the Pinson and Dee mines in Nevada, Mr. Wallace directed or was involved in resource
delineation and expansion, engineering and feasibility studies, permitting, mine construction, and production activities. Both
Pinson and Dee were Cordex discoveries, and in the late-1970s, Pinson alone accounted for 7% of all U.S. domestic and gold
production.
“We are very pleased to welcome our former CEO back to our team as a member of the Board of Directors,” commented
Peter Gianulis, CEO of Allegiant Gold. “Andy has a long history in the mining and exploration sector, particularly in Nevada.
His track-record of achievements is truly second-to-none. Andy also has a long history working with Allegiant having personally
selected and led all of our projects since our founding. We are looking forward to his leadership at the Board-level, particularly
as activity at Eastside is set to dramatically increase over the coming months,” added Mr. Gianulis.
ABOUT ALLEGIANT
ALLEGIANT owns 100% of 9 highly-prospective gold projects in the United States, 6 of which are located in the mining-friendly
jurisdiction of Nevada. Two 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.
Further information regarding ALLEGIANT can be found at www.allegiantgold.com
ON BEHALF OF THE BOARD,
Peter Gianulis
Chief Executive Officer
For more information contact:
Investor Relations
+1 (786) 252-4948
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. 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
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”, “target”, “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 the timing of, or amount of, work activity or drilling at Allegiant Gold Ltd.’s (“Allegiant”)
Eastside property. 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 to 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
the 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 otherwise required by applicable law.