Allegiant Identifies Significant Lithium-Boron Anomaly in the Big Smoky Valley; Initiates Second Geochemical Sampling Phase

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[{"type":"text","content":"Allegiant Identifies Significant Lithium-Boron Anomaly in the Big Smoky Valley; Initiates Second Geochemical Sampling Phase\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 May 11, 2023 - Allegiant Gold Ltd.\n(“Allegiant” or the “Company”) (TSXV:\n \n \n AUAU\n \n \n ) (OTC:\n \n \n AUXXF\n \n \n )\n \n \n is very pleased to\nannounce that an initial sediment sampling program over approximately\nhalf of its recently staked TS Prospect has indicated a significant\nLithium-Boron anomaly along the western margin of the Big Smoky Valley\nbasin.\n \n \n \n \n Allegiant has received very encouraging sample assay\nresults from 250 samples taken over the northern half of the TS\nProspect (see Map 1).  The Company is continuing the program on the\nclaims covering the southern half of the project.  The aggregated\nresults and interpretation will be used to design a\nreverse-circulation (RC) drill program planned to occur later this\nyear.\n \n \n \n \n TS Prospect Highlights\n \n \n \n \n \n \n Approximately 1km long coincident Lithium (Li) and\nBoron (B) anomalies in sediments (see Map 2).\n \n \n \n \n \n \n Sample assays up to 342ppm Li and 171ppm\nBoron.\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 Sampling has begun covering the remainder of the TS\nclaims.\n \n \n \n \n \n \n Peter Gianulis, CEO of Allegiant\nGold\n \n \n , commented:\n \n \n “The TS\nClaims evolved as a result of our exploration efforts at Eastside\nwhere we continue to grow our gold and silver resource.  We are very\nmuch aware of the immense amount of lithium exploration activity\naround our projects.  We have been pleasantly surprised by the\nLithium values from near surface which are comparable to other lithium\nresults by companies from drilling.\n \n \n We look\nforward to providing the market with additional information over the\ncoming months.”\n \n \n \n \n MAP 1: TS CLAIMS MAP\n \n \n \n \n \n https://allegiantgold.com/site/assets/files/2209/eastside_project_and_ts_claims_2023_03_20.jpg\n \n \n \n \n \n MAP 2: GEOCHEMISTRY MAP\n \n \n \n \n \n https://allegiantgold.com/site/assets/files/332...

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