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ALLEGIANT Completes Drilling at Adularia Hill and Announces Results from Monitor Hills
VANCOUVER, British Columbia, April 17, 2019 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. ("ALLEGIANT") (AUAU: TSX-V) (AUXXF: OTCQX) reports that it has completed dri
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[{"type":"text","content":" VANCOUVER, British Columbia, April 17, 2019 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (\"ALLEGIANT\") (AUAU: TSX-V) (AUXXF: OTCQX) reports that it has completed drilling at its Adularia Hill gold project located in Nevada. ALLEGIANT completed 21 RC holes totaling 3,170 meters at Adularia Hill; assays are pending. ALLEGIANT also reports that it has received assays from drilling carried-out at its Monitor Hills project, located in Nevada. Drilling at Monitor Hills encountered broad zones of anomalous gold but better grade gold was only present in narrow 1.5 to 3 meter intervals. Overall the drilling results are considered too low-grade, and in the context of prioritizing expenditures on ALLEGIANT’S large portfolio of prospective exploration properties, ALLEGIANT will assess its future plans for Monitor Hills. ALLEGIANT plans drilling at a total of six \"discovery potential\" projects located principally in the world-class gold mining jurisdiction of Nevada. The drilling campaign was initiated at the Red Hills project in August 2018; Adularia Hill was the 5th project to be drilled. Adularia Hill is located within ALLEGIANT's Eastside claim block, about 12 km south of the Original Zone gold deposit, approximately 2 km north of the past producing open-pit-heap-leach Boss Mine, and some 2 km north of Castle, which hosts an historical gold resource. The Adularia Hills target was discovered during geologic and alteration mapping by ALLEGIANT followed by surface sampling of outcrop and float. ALLEGIANT collected 150 surface samples in an ovoid area about 1,400 meters by 850 meters. Thirty of the 140 samples contained gold values ranging from 0.1 to a maximum of 1.5 g/t gold. Gold occurs in and along structures and silica ribs with associated stockworks of quartz and adularia veining. The mineralized structures cut Tertiary andesite, tuffs, rhyolite plugs and flow domes, and Ordovician basement rocks. Outcrops make up about 20-30% of the target area with the rest covered by shallow alluvium. There was no previous drilling at Adularia Hill. Qualified PersonAndy Wallace is a Certified Professional Geologist (CPG) with the American Institute of Professional Geologists and is a Qualified Person as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Wallace has reviewed and approved the...