Allegiant Completes 2022 Diamond Core Drilling Program; Confirms High Grade Zone

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[{"type":"text","content":"Allegiant Completes 2022 Diamond Core Drilling Program; Confirms High Grade Zone\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Reno, Nevada /\n \n \n TheNewswire /\n \n \n December 7, 2022 - Allegiant Gold Ltd.\n(“Allegiant” or the “Company”) (\n \n \n TSXV:\n \n \n AUAU) (\n \n \n OTC:\n \n \n AUXXF)\n \n \n is pleased to\nannounce the results of its recently completed seven-hole, 3,457-meter\ndiamond core drill program (“\n \n \n DDH\n \n \n ”) within the High-Grade Zone\n(“\n \n \n HGZ\n \n \n ”) at Eastside.\n \n \n \n \n Eastside Drilling Highlights:\n \n \n \n \n \n \n 9.9 g/t Au\n \n \n over\n \n \n 1.5m\n \n \n (including\n \n \n 23 g/t\nAg\n \n \n ) and\n \n \n 5.3 g/t Au\n \n \n over\n \n \n 1.5m\n \n \n within a broader\nintercept of\n \n \n 0.63\ng/t\n \n \n Au over\n \n \n 99m\n \n \n at Hole\nES-280\n \n \n \n \n \n \n 1 g/t Au\n \n \n over\n \n \n 12m\n \n \n at\nHole ES-281\n \n \n \n \n \n \n 1 g/t Au\n \n \n over\n \n \n 49m\n \n \n at\nHole ES-282\n \n \n \n \n \n \n 2 g/t Au\n \n \n over\n \n \n 9m\n \n \n at\nHole ES-285 within a broader intercept of\n \n \n 0.46 g/\n \n \n t over\n \n \n 105m\n \n \n \n \n \n \n Diamond core drilling has confirmed the occurrence of\nhigh-grade zones within the Eastside Deposit’s rhyolite host rock\nand that high grade gold is associated directly with high grade silver\nvalues (Table 1). The drilling has also confirmed both the lateral and\nvertically extensive nature of the low-grade gold-silver\nmineralization around these high-grade zones. The drilling confirms\nthe high-grade mineralization that was observed in reverse circulation\n(\n \n \n “\n \n \n RC\n \n \n ”)\n \n \n drill holes\nES-239 and ES-243 and provided high quality rock samples for further\nanalysis.\n \n \n \n \n Peter Gianulis, CEO of Allegiant\nGold\n \n \n , commented:\n \n \n “The\ninitial results of our diamond core drill program continue to show\nmineralization at Eastside, which is still open to the South and East,\nand at depth.  The DDH program has also given us more confidence in\nthe system and is vitally important for the follow-up drill programs\nwe have planned. We currently are integrating this new data, with our\nexisting drill information and geophysics...

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