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Allegiant Drills 15 Metres of 1.36 G/T Gold at Castle Project (Eastside) Completes Successful Winter Drilling Program
(TheNewswire) Tonopah, Nevada – TheNewswire - March 14, 2023...
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[{"type":"text","content":"Allegiant Drills 15 Metres of 1.36 G/T Gold at Castle Project (Eastside) Completes Successful Winter Drilling Program\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 Tonopah, Nevada –\n \n \n TheNewswire -\n \n \n March 14, 2023 - 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 very\npleased to announce drill results from a winter exploration drill\nprogram at the Castle Prospect within the Eastside Project near the\ntown of Tonopah, Nevada.\n \n \n \n \n A reverse circulation (“RC”) drilling program\ntotalling approximately 2,400 metres was successfully completed at the\nCastle Prospect, part of a larger ongoing exploration and resource\ndevelopment program underway at the Eastside Project. The assay\nresults returned gold values up to 6.4 g/t Au and silver values up to\n38.73 g/t Ag. The exploration program has identified additional broad\nareas that require further drilling, potentially adding gold and\nsilver ounces to the existing N.I. 43-101 defined resource at the\nCastle Prospect.\n \n \n \n \n Castle Prospect Highlights\n \n \n \n \n \n \n 19 RC holes were successfully drilled to depth and\ntotaled 2,385m (Table 1) with above cut-off grade mineralization\nencountered in 16 of 19 holes.\n \n \n \n \n \n \n ES-310 encountered 15 metres of 1.36 g/t Au and 8.2 g/t\nAg and ES-301 encountered 1.52 metres of 6.4 g/t Au and 28.41 g/t\nAg\n \n \n \n \n \n \n Assay results have been received for drill holes ES-292\nthrough ES-310; significant results are summarized in Table\n2.\n \n \n \n \n \n \n All results will be combined with the existing resource\nmodel and added to the developing geologic model; The resulting data\nwill be used to define future drill targets.\n \n \n \n \n \n \n New drill targets will be added to the Plan of\nOperations currently being developed for the Castle Prospect.\n \n \n \n \n \n \n Development of a combined gold and silver resource\nmodel.\n \n \n \n \n \n \n Peter Gianulis, CEO of Allegiant\nGold\n \n \n , commented:\n \n \n “We\nhave been singularly focused on advancing the Eastside Project\nincluding the Castle Prospect which is comprised of four zones\n(Castle, Boss, Berg and Blackrock).  Over the next 12 months, ...