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Drilling at ALLEGIANT’s Eastside Gold Project Extends Original Zone 400 Metres to the South
VANCOUVER, British Columbia, Aug. 31, 2018 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce the remaini
About this update from A2 Gold Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 31, 2018 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (“ALLEGIANT”) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce the remaining 13 drill holes, holes 156-168, from the 22-hole phase 1 resource expansion drill program, totaling 8,265 metres, at its 100% owned Eastside gold project, located 32 kilometres west of Tonopah, Nevada. Highlights: The phase 1 resource expansion drill program was successful in extending the Original Zone, an area within Eastside, 300 metres to the west and 400 metres to the south, where it still remains open in both directions. Further, all of the holes were drilled in areas currently classified as waste in the pit-constrained resource estimate, which currently stands at 721,000 gold equivalent ounces1, below the planned pit or below the pit layback. Drill hole 147 returned 42.7 metres of 2.49 g/t gold, including 9.1 metres of 9.03 g/t gold. Drill hole 151 returned thick zones of gold and silver mineralization bottoming in 79.2 metres of 1.03 g/t gold. Drill hole 161 returned 74.7 metres of 0.89 g/t gold. “We’re very pleased with the results of the phase 1 resource expansion drill program,” said Robert Giustra, Chairman & CEO of ALLEGIANT. “The results demonstrate that our objectives of doubling the in-pit ounces and significantly reducing the strip ratio at the Original Zone remain in sight. Further, the results verify that the Original Zone is a very large gold system. Drilling to date has not constrained the boundaries of the deposit and it remains open in almost every direction.” A drill plan map can be found at the following link: Click Here Two cross sections, comparing mineralized shells from MDA’s 2016 report versus the interpreted mineralized shells from the phase 1 resource expansion drill program, can be found at the following link: Click Here A table of Eastside drill results, including drill holes 156-168, can be found at the following link: Click Here ALLEGIANT will continue to build on the results phase 1 drill program with the objective of doubling the in-pit resource and significantly reducing the strip ratio at the Original Zone. The Original Zone remains open to the west, south, and to depth, and possibly to the east and north. It is important to note that due to difficult drilling conditions, sev...