Core Drilling Program Commences At Eastside

RENO, NV – Allegiant Gold Ltd. reported on the commencement of our diamond core drilling program at Eastside which will consist of 4,000+ meters.  In addition, it has recently completed the previously announced 6,700 meter reverse-circulation (RC) drilling program at Eastside.

Allegiant expects to drill 7-9 diamond core holes in this program with an average depth of 600 meters for a total of 4,000-5,000 meters. The hole locations and design were jointly selected together with the exploration team at Kinross.  The Core holes will be located in the High Grade Zone (HGZ) discovered during 2021 drill program completed within the Original Pit Zone (OPZ) at Eastside.

In June 2022, Allegiant completed a 32-hole, 6,703 meter drill program designed to test new exploration targets at Eastside focusing on the East Pediment (21 holes) and the West Anomaly (11 holes).  The targets lie to the east and west of the OPZ and were based on geophysical and geochemical anomalies.  Drilling was conducted by Boart Longyear using a Foremost MPD 1500, track-mounted rig.  Given the current high demand for assays in the Western U.S., the Company is still awaiting the results from this program, but they will be released upon receipt and evaluation.

Peter Gianulis, CEO, said, “We are excited to have started our much-anticipated diamond core drilling to follow up on our successful drill program last year that led to the discovery of the HGZ.  We also look forward to the results of our recently completed RC drill program and have tentatively scheduled the return of our RC rig for October 2022 in order to continue drilling additional targets based on assays.  Together with the Core program, we would expect to be drilling for the remainder of this year.”