Business
ALLEGIANT Provides a Corporate Update, Announces Date for AGM and Grant of RSUs
VANCOUVER, British Columbia, March 19, 2020 (GLOBE NEWSWIRE) -- Vancouver, BC, Canada, March 19, 2020, Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF: O
About this update from A2 Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 19, 2020 (GLOBE NEWSWIRE) -- Vancouver, BC, Canada, March 19, 2020, Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to provide a corporate update with the following highlights: Eastside – Permitting continues to advance on the expansion of the operating zone from the current 601 acres to approximately 3,600 acres. Geological sampling and mapping have commenced and will continue over the coming months. Eastside/Castle Claims - Working on incorporating the Castle Claim Block historical * oxide gold resource totaling 273,173 ounces into the recently announced 1.1 million Au-Eq ounce inferred resource in the Original Zone at Eastside. Bolo – Plans for an expanded drill campaign by Barrian Mining Corp. (“Barrian”) on ALLEGIANT’s 100%-owned Bolo project in Nevada following up on a successful 10-hole drill campaign in 2019. Corporate Update – ALLEGIANT sets May 19, 2020 for Annual General Meeting (“AGM”) and grants 3,000,000 Restricted Stock Units (“RSU”) to certain insiders and consultants Eastside UpdateAs announced in January 2020, ALLEGIANT provided an updated resource estimate (“Updated Resource Estimate and NI 43-101 Technical Report, Eastside and Castle Gold-Silver Project Technical Report, Esmeralda County, Nevada”) on Eastside with contained pit-constrained Inferred Resources of 1,094,000 AuEq ounces at 57,050,000 tonnes at 0.60 g/t AuEq (gold-equivalent ounces were calculated by ALLEGIANT using a silver/gold ratio of 80:1). A copy of the news release can be found at the following: https://www.allegiantgold.com/en/news/2020/allegiant-announces-updated-inferred-resource-estimate-of-1.1-million-gold-equivalent-ounces-an-increase-of-52-at-flagship/. A map of the Eastside project can be viewed at the following link: www.allegiantgold.com/nr/2020-01-27-map.pdf ALLEGIANT continues to make permitting progress to increase the operating zone from the current 601 acres to approximately 3,600 acres. Our goal is to have multiple drill targets to test additional zones as well as potentially further development work in the original pit zone. Surface sampling and detailed alteration mapping started in January 2020 at Eastside and is focusing on three areas that will be drilled once the expanded operating permit is ...