Operating Permit To Be Expanded At The Eastside Project Area

VANCOUVER, BC - Allegiant Gold Ltd. reported its plan to expand the operating permit area at its flagship Eastside project as well as provide an update on the revised resource estimate. The company is working with Mine Development Associates (MDA) to provide an updated resource estimate on the 100%-owned Eastside project, located 32km from the town of Tonopah. The initial maiden resource estimate contained pit-constrained Inferred resources of 35,780,000 tonnes grading 0.63g gold equivalent per tonne, for a total of 721,000 gold equivalent ounces. Andy Wallace, ALLEGIANT technical advisor, is overseeing the technical aspect of incorporating 18 additional drill holes that were completed in late 2018. 

“Our goal in updating the initial pit-constrained resource at the original discovery zone at Eastside is to provide us with a clearer idea as to the amount of economic resources as well as potential for expansion of the pit zone,” said Peter Gianulis, CEO. We believe that the 67km2 Eastside district has the potential to host numerous pit zones and we will be spending the next year identifying additional zones beyond the existing pit zone in the north and the Boss/Castle resource areas to the south. We have only explored less than 5% of the total property and are very excited for the upcoming exploration program in 2020.”

The Board has approved the 2020 exploration budget that will include expanding the permitted operating zone from 601 acres to approximately 3,200 acres. The proposed exploration program will evaluate numerous targets with the end goal of drilling the high priority targets when our permits are received. 

The company’s address is 1090 Hamilton Street, Vancouver, BC V6B 2R9, (604) 634-0970.