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Allegiant Gold Begins Trading on TSX Venture Exchange
VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Columbus Gold Corp. (“Columbus”) (TSX:CGT) (OTCQX:CBGDF) and Allegiant Gold Ltd. (“ALLEGIANT”) (T
About this update from A2 Gold Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, Jan. 30, 2018 (GLOBE NEWSWIRE) -- Columbus Gold Corp. (“Columbus”) (TSX:CGT) (OTCQX:CBGDF) and Allegiant Gold Ltd. (“ALLEGIANT”) (TSX-V:AUAU) are pleased to announce that the common shares of Columbus’ spin-out ALLEGIANT will begin trading on the TSX Venture Exchange at market open today, January 30, 2018, under the trading symbol “AUAU”. “Today marks the beginning of a new and exhilarating chapter for our shareholders,” said Robert Giustra, Chairman of ALLEGIANT and of Columbus. \"ALLEGIANT’s portfolio of high-priority gold exploration projects are in the right place, Nevada, with the right team - and for the first time in perhaps more than a decade for gold exploration – at the right time.” ALLEGIANT is led by CEO Andy Wallace, who is credited with discovering a number of multi-million-ounce gold mines in Nevada. ALLEGIANT owns 14 highly-prospective drill-ready gold projects in the United States, 11 of which are located in the mining-friendly jurisdiction of Nevada, and has announced plans to drill 10 projects in 2018, including the Eastside gold project. A drill program is currently underway at Eastside and is focused on resource expansion at the Original Zone, an area within Eastside, which hosts a pit-constrained inferred resource totaling 721,000 gold equivalent ounces1 (35,780,000 tons grading 0.63g/t gold equivalent). In addition to the Original Zone deposit, Eastside hosts numerous additional exploration targets and historical resources of 272,153 ounces gold2 (11,177,761 tons grading 0.82g/t gold). ALLEGIANT’s website can be found at www.allegiantgold.com Columbus presently owns 7,933,496 shares of ALLEGIANT, which represents 16.7% of ALLEGIANT’s issued and outstanding common share capital. Columbus and ALLEGIANT will keep down costs and achieve economies of scale by sharing a number of officers and key personnel, and by splitting overhead costs. The following individuals comprise ALLEGIANT’s board and management team: Andy Wallace – CEOMr. Wallace is credited with five gold mine discoveries in Nevada, and is one of the most successful gold explorer’s in the United States. Robert Giustra – Chairman Mr. Giustra has been actively engaged in every facet of the gold exploration and mining business for 25 years and he has raised millions of dollars for junior explorers globally. Russel...