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Drilling at ALLEGIANT’s Eastside Gold Project Returns 42.7 metres of 2.49 g/t Gold, Including 9.1 metres of 9.03 g/t; Extends Gold Mineralization 300 metres to the West
VANCOUVER, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (“ALLEGIANT”) (TSX-V:AUAU) (OTCQX:AUXXF) announces the first nine drill hole
About this update from A2 Gold Corp.
[{"type":"text","content":"VANCOUVER, British Columbia, March 05, 2018 (GLOBE NEWSWIRE) -- Allegiant Gold Ltd. (“ALLEGIANT”) (TSX-V:AUAU) (OTCQX:AUXXF) announces the first nine drill holes, holes 147-155, from the drill program currently underway at its 100% owned Eastside gold project, located 32 kilometres west of Tonopah, Nevada. Highlights: Drill holes 147, 151, 152, 154, and 155 were drilled up to 300 metres to the west of the Original Zone deposit, and all of the holes contained gold mineralization. Holes, 147, 151, 152, 154, and 155, were drilled in areas either currently classified as waste in the pit-constrained resource estimate, which currently stands at 721,000 gold equivalent ounces1, or below the planned pit. 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 lying just below the planned pit. The ongoing drill program continues to test the western extension of Original Zone, which still remains open. A second drill rig has been added to test the southern extension of the eastern part of the Original Zone, which remains open. The current drill program has extended the Original Zone another 300 metres to the west, where it still remains open. In addition, a second drill rig, a diamond drill rig, has been added to test the southern extension of the Original Zone, which also remains open. The planned diamond drill holes will step out up to 400 metres from the southern edge of the currently defined Original Zone and test areas with strong alteration and surface gold values which are currently classified as waste, well outside the pit outline, and areas just below the southern pit layback. The Original Zone also remains open to depth, to the east, and possibly to the north. “These results confirm our geological model and validate our objectives to double the in-pit ounces and significantly reduce the strip ratio at the Original Zone,” said Robert Giustra, Chairman of ALLEGIANT. “The Original Zone has the hallmarks of a very large gold system and is just one of many exploration targets that exist at Eastside.” A drill plan can be found at the following link: www.allegiantgold.com/site/assets/files/3144/2018-03-05-drillplan.pdf A table of all Eastside dril...