Business
Allegiant Stakes Lode Mining Claims over Gold and Lithium Anomalies
(TheNewswire) Tonopah, Nevada – TheNewswire - March 23, 2023...
About this update from A2 Gold Corp.
[{"type":"text","content":"Allegiant Stakes Lode Mining Claims over Gold and Lithium Anomalies\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 23, 2023 - Allegiant Gold Ltd.\n(“Allegiant” or the “Company”) (\n \n \n TSV:\n \n \n AUAU) (\n \n \n OTC:\n \n \n AUXXF)\n \n \n is very\npleased to announce that it has completed the staking of 126 federal\nlode mining claims over gold and lithium anomalies adjacent to its\nEastside Property within the Big Smoky Valley.\n \n \n \n \n Allegiant has staked 126 federal lode mining claims\n(map 1), comprising the TS Prospect, to the east of its Eastside\nProperty. Allegiant has identified anomalous gold and lithium in\noutcrops of travertine sinter that occur at the edge of the Big Smoky\nValley. The origin of the travertine sinter outcrops is to be\ndetermined but they are coincident with structures identified from\nairborne and ground geophysics that indicate a north-south structure,\nor series of structures, believed to be basin-bounding faults.\n \n \n \n \n A geochemical orientation survey that will comprise a\ngrid of sediment samples has begun that will cover the entire claim\nblock. The results of the survey will be combined with geophysics and\nfield observations to define targets for drill testing this summer\n2023.\n \n \n \n \n TS Prospect Highlights\n \n \n \n \n \n \n 126 Federal Lode Mining Claims staked covering\napproximately 1,020 Hectares on BLM managed lands.\n \n \n \n \n \n \n Samples results from outcrop of Travertine Sinter\nreturned up to 0.18 g/t Gold and 144ppm Lithium.\n \n \n \n \n \n \n Gold values are above 0.15g/t Au cut-off used for\nEastside Resource calculations.\n \n \n \n \n \n \n Lithium values up to 144pmm are well above background\nvalues that typically 10ppm Li\n \n \n \n \n \n \n Airborne-magnetic and ground-based gravity surveys\nindicate north-south structures and a potential shallow embayment\nfeature.\n \n \n \n \n \n \n Geochemical orientation survey of approx. 500 samples\non a 200m x 100m grid has begun.\n \n \n \n \n \n \n All results will be integrated to provide targets for\ndrilling in Summer 2023.\n \n \n \n \n \n \n Peter Gianulis, CEO of Allegiant\nGold\n \n \n , commented:\n \n \n “Our\ntechnical team has identified num...