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Allegiant Confirms Significant Lithium-Boron Anomaly in the Big Smoky Valley; Drill Planning Underway
(TheNewswire) Tonopah, Nevada - TheNewswire - July 12, 2023 - Allegiant Gold Lt...
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[{"type":"text","content":"Allegiant Confirms Significant Lithium-Boron Anomaly in the Big Smoky Valley; Drill Planning Underway\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Tonopah, Nevada -\n \n \n TheNewswire -\n \n \n July 12, 2023 -\n \n \n Allegiant Gold Ltd.\n \n \n (“Allegiant” or the “Company”)\n(AUAU:TSX-V) (AUXXF:OTCQX)\n \n \n is very pleased to\nannounce that it has completed its sediment sampling program over the\nTS Prospect and the results confirmed the initial finding of a\nsignificant Lithium-Boron anomaly along the western margin of the Big\nSmoky Valley basin, near Tonopah, Nevada.\n \n \n \n \n Allegiant has received very encouraging sediment sample\nassay results from 500 samples collected over its TS Prospect (see Map\n1).  The aggregated results and interpretation will be used to design\na core drilling program planned to occur in the summer-fall 2023.\n \n \n \n \n TS Prospect Highlights\n \n \n \n \n \n \n Greater than 2km long coincident Lithium (Li) and Boron\n(B) anomalies in sediments (see Maps 2 3).\n \n \n \n \n \n \n Sample assays up to 342ppm Li and 194ppm\nBoron.\n \n \n \n \n \n \n Coincident Ca anomaly consistent with calcite cemented\nclaystone’s that host Li B (see Map 4) in the Tonopah\narea.\n \n \n \n \n \n \n Anomaly trends indicate a primary northwest–southeast\nand secondary north-south trend that may be associated with buried\nstructures.\n \n \n \n \n \n \n Core Drill testing planned for summer-fall 2023 once\nnecessary permits have been obtained.\n \n \n \n \n \n \n Peter Gianulis, CEO of Allegiant\nGold\n \n \n , commented:\n \n \n “We are\nextremely encouraged by the initial results of our sampling program\nand look forward to drilling these targets in the near future.\n Although we continue to solely be focused on precious metals at the\nEastside District, our geological team were able to identify these\ntargets and anomalies during a routine reconnaissance program. Our end\ngoal is to add value for our shareholders, of which, management and\ninsiders continue to be the largest single group.\n \n \n ”\n \n \n \n \n MAP 1: TS CLAIMS MAP\n \n \n \n \n \n \n https://allegiantgold.com/site/assets/files/3340/alg_eastside_tscalims_samples_capct_230627.jpeg\n \n \n \n \n \n \n MAP 2 & 3: GEOCHEMISTRY MAP –\nLI...