{"id":441757,"date":"2021-02-23T08:03:28","date_gmt":"2021-02-23T13:03:28","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=441757"},"modified":"2021-02-23T08:03:28","modified_gmt":"2021-02-23T13:03:28","slug":"allegiant-gold-commences-drilling-at-eastside-original-pit-zone","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/allegiant-gold-commences-drilling-at-eastside-original-pit-zone\/","title":{"rendered":"Allegiant Gold Commences Drilling at Eastside Original Pit Zone"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">\n        <strong>RENO, Nev., Feb.  23, 2021  (GLOBE NEWSWIRE) &#8212; Allegiant Gold Ltd. (\u201cAllegiant\u201d or the \u201cCompany\u201d) (AUAU: TSX-V) (AUXXF: OTCQX) <\/strong>is very pleased to announce that drilling has started at the Original Pit Zone at Eastside, our flagship project, 30 km northwest of Tonopah, NV.<\/p>\n<p align=\"justify\">\n        <strong>Peter Gianulis, CEO of Allegiant Gold<\/strong>, commented: \u201cWe are very excited to commence drilling at the Original Pit Zone where we plan to drill approximately 10-13 holes totalling approximately 5,000 metres. As we announced in January 2021, our plan is to continue drilling at Eastside with the possibility to expand upon our <strong>inferred resource base of 57 million tonnes grading 0.54 g au\/t (approx. 1 million gold ounces inferred)<\/strong> at Eastside. Upon completion of this drilling, we expect to incorporate these results with our recently completed, 6,000 metre drilling campaign at the Castle Area in the south of Eastside and to file an updated NI 43-101 resource estimate.\u201d<\/p>\n<p align=\"justify\">Allegiant has retained Boart Longyear to complete the drill program.<\/p>\n<p align=\"center\">\n        <strong>Graph 1: Map of Eastside<\/strong>\n      <\/p>\n<p align=\"center\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=LuKntvFOTX-BoQbLM2Fsv9bKCXUbMMwECoUsQsuXlfUlXAP8s47e10LBrdlGNpNnwWDPhL-Is9Pn0lYZO6a-vts-JgePusaJuLdtRZ_OceiNYF1sUHIzq2g_lH5ZMIbX08X7z7XvO-j7QyAFTZWN1AhXyQPZUZFBojlb6IGLoYk=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\"><br \/>\n          <u>www.allegiantgold.com\/nr\/2020-01-27-map.pdf<\/u><br \/>\n        <\/a>\n      <\/p>\n<p align=\"justify\">\n        <strong>QUALIFIED PERSON<\/strong>\n      <\/p>\n<p align=\"justify\">Andy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is the Qualified Person under NI 43-101,\u00a0Standards of Disclosure for Mineral Projects, who has reviewed and approved the scientific and technical content of this press release.<\/p>\n<p align=\"justify\">\n        <strong>ABOUT ALLEGIANT<\/strong>\n      <\/p>\n<p align=\"justify\">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\u2019s projects are farmed-out, providing for cost reductions and cash-flow. Allegiant\u2019s 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.<\/p>\n<p align=\"justify\">\n        <strong>ON BEHALF OF THE BOARD<\/strong>\n      <\/p>\n<p align=\"justify\">Peter Gianulis <br \/>CEO<\/p>\n<p align=\"justify\">For more information contact:<\/p>\n<p align=\"justify\">Investor Relations <br \/>(604) 634-0970 or <br \/>1-888-818-1364 <br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=FNXIXlPJj_L0JL4imlRrxoN_eS4ZTDIkTuOkt_498Y-MShEOoSzIiuUjItMUm9mKMRZ712OmHnqdC5rhSrTF6jhp1KmxDQbQpCejZqkf118=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ir@allegiantgold.com<\/a><\/p>\n<p align=\"justify\">\n        <em>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<\/em>\n      <\/p>\n<p align=\"justify\">\n        <em>Certain statements and information contained in this press release constitute &#8220;forward-looking statements&#8221; within the meaning of applicable U.S. securities laws and \u201cforward-looking information\u201d within the meaning of applicable Canadian securities laws, which are referred to collectively as &#8220;forward-looking statements&#8221;. The United States Private Securities Litigation Reform Act of 1995 provides a \u201csafe harbor\u201d 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 \u201cseek\u201d, \u201cexpect\u201d, \u201canticipate\u201d, \u201cbudget\u201d, \u201cplan\u201d, \u201cestimate\u201d, \u201ccontinue\u201d, \u201cforecast\u201d, \u201cintend\u201d, \u201cbelieve\u201d, \u201cpredict\u201d, \u201cpotential\u201d, \u201ctarget\u201d, \u201cmay\u201d, \u201ccould\u201d, \u201cwould\u201d, \u201cmight\u201d, \u201cwill\u201d and similar words or phrases (including negative variations) suggesting future outcomes or statements regarding an outlook. 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 \u201cRisk Factors\u201d in Allegiant\u2019s Listing Application, dated January 24, 2018, as filed with the TSX Venture Exchange and available on SEDAR under Allegiant\u2019s profile at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2SgOz10EdcYjNtvTl5yF_t26YFSlaoK3wqJUV4u-oN7LfbZe7yrj25r8r8yYR0GgkAyVyW51KLaL6yV2yqXAQQ==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.sedar.com<\/a><\/em><br \/>\n        <em>. 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.<\/em>\n      <\/p>\n<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE1NzYyMyMzOTg5NzYzIzIwOTcyODA=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/621a83c3-cfcc-468f-b4f3-a675850b53e1\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>RENO, Nev., Feb. 23, 2021 (GLOBE NEWSWIRE) &#8212; Allegiant Gold Ltd. (\u201cAllegiant\u201d or the \u201cCompany\u201d) (AUAU: TSX-V) (AUXXF: OTCQX) is very pleased to announce that drilling has started at the Original Pit Zone at Eastside, our flagship project, 30 km northwest of Tonopah, NV. Peter Gianulis, CEO of Allegiant Gold, commented: \u201cWe are very excited to commence drilling at the Original Pit Zone where we plan to drill approximately 10-13 holes totalling approximately 5,000 metres. As we announced in January 2021, our plan is to continue drilling at Eastside with the possibility to expand upon our inferred resource base of 57 million tonnes grading 0.54 g au\/t (approx. 1 million gold ounces inferred) at Eastside. Upon completion of this drilling, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/allegiant-gold-commences-drilling-at-eastside-original-pit-zone\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Allegiant Gold Commences Drilling at Eastside Original Pit Zone&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-441757","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Allegiant Gold Commences Drilling at Eastside Original Pit Zone - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/allegiant-gold-commences-drilling-at-eastside-original-pit-zone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Allegiant Gold Commences Drilling at Eastside Original Pit Zone - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"RENO, Nev., Feb. 23, 2021 (GLOBE NEWSWIRE) &#8212; Allegiant Gold Ltd. (\u201cAllegiant\u201d or the \u201cCompany\u201d) (AUAU: TSX-V) (AUXXF: OTCQX) is very pleased to announce that drilling has started at the Original Pit Zone at Eastside, our flagship project, 30 km northwest of Tonopah, NV. Peter Gianulis, CEO of Allegiant Gold, commented: \u201cWe are very excited to commence drilling at the Original Pit Zone where we plan to drill approximately 10-13 holes totalling approximately 5,000 metres. As we announced in January 2021, our plan is to continue drilling at Eastside with the possibility to expand upon our inferred resource base of 57 million tonnes grading 0.54 g au\/t (approx. 1 million gold ounces inferred) at Eastside. 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(\u201cAllegiant\u201d or the \u201cCompany\u201d) (AUAU: TSX-V) (AUXXF: OTCQX) is very pleased to announce that drilling has started at the Original Pit Zone at Eastside, our flagship project, 30 km northwest of Tonopah, NV. Peter Gianulis, CEO of Allegiant Gold, commented: \u201cWe are very excited to commence drilling at the Original Pit Zone where we plan to drill approximately 10-13 holes totalling approximately 5,000 metres. As we announced in January 2021, our plan is to continue drilling at Eastside with the possibility to expand upon our inferred resource base of 57 million tonnes grading 0.54 g au\/t (approx. 1 million gold ounces inferred) at Eastside. 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