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Allegiant Partner Drills 31 Metres Of 456 G/T Silver Equivalent At Mogollon Property
(TheNewswire) Reno, Nevada – TheNewswire - May 5, 2022...
About this update from A2 Gold Corp.
[{"type":"text","content":"Allegiant Partner Drills 31 Metres Of 456 G/T Silver Equivalent At Mogollon Property\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n Reno, Nevada –\n \n \n TheNewswire -\n \n \n May 5, 2022 - Allegiant Gold Ltd.\n(“Allegiant” or the “Company”) (TSXV:AUAU) (\n \n \n OTC:\n \n \n AUXXF)\n \n \n is pleased to announce that Summa\nSilver Corp. (“Summa”) announced drill results from the first six\nholes drilled at the Mogollon Property (“Mogollon”) in the State\nof New Mexico.  Summa is currently working to earn a 75% interest in\nMogollon by making share and cash payments totaling US$3 million and\nspending an additional US$3 million in work commitments.\n \n \n \n \n According to the May 3, 2022 news release issued by\nSumma, the following key highlights were reported:\n \n \n \n \n \n \n 31.0 metres at 459 grams per tonne\nsilver equivalent*\n \n \n (3.88 g/t gold, 129 g/t\nsilver) including\n \n \n 0.5 m at\n6,311 g/t silver equivalent\n \n \n (66.8 g/t Au, 638\ng/t Ag) and two m at 1,223 g/t silver equivalent (9.32 g/t Au, 431 g/t\nAg) in MOG22-05 where total grade thickness through all mineralization\nis 14,233 g/t AgEq*m;\n \n \n \n \n \n \n Aggressive step-out:\n \n \n Hole MOG22-05\n \n \n is a\n \n \n 270-metre\n \n \n step-out\n \n \n from\npreviously reported MOG22-04 which intersected\n \n \n 11.6 m at 450 g/t silver\nequivalent\n \n \n (2.7 g/t Au, 220 g/t Ag);\n \n \n \n \n \n \n Open in all directions: The newly drilled mineralized\nzone at the Consolidated Extension target remains open to expansion in\nall directions;\n \n \n \n \n \n \n Aggressive drill plan: The company anticipates a\nminimum of 25,000 m of drilling in 50 holes is necessary for a spacing\nof approximately 50 m between holes covering an area of approximately\n500 by 300 m to publish its first resource estimate on this first\nMogollon property target;\n \n \n \n \n \n \n Work just beginning: The Consolidated Extension target\nrepresents only 1.5 per cent of the total prospective vein and\nstructure length present on the property. All other prospective areas\nremain largely unexplored;\n \n \n \n \n \n \n Drilling to resume at Mogollon: The company is planning\nto resume drilling at Mogollon within 30 days and after the completion\nof required continuing wildlife surveys;\n \...