By The Gold Report

Source: Streetwise Reports   01/30/2019

Prior geologic mapping and surveying guide exploration and drilling at the project.

Allegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) announced in a news release that in late January 2019 it began drilling at Monitor Hills, the fourth of the six Nevada targets in the program.

At Monitor Hills, 10–12 holes will be drilled for 2,150 meters. The target there is “Carlin-type gold mineralization in Cambrian and Ordovician sedimentary rocks,” the release noted. The drill program is scheduled to wrap up in roughly June 2019.

Prior to commencement of drilling at Monitor Hills, Allegiant conducted detailed geologic mapping and grid geochemical surveys. It collected 250-plus samples of outcrop and float from the property. On surface sampling, eight areas were identified where gold values in the outcrop exceeded 1 gram per ton. Numerous gold anomalies were delineated, primarily in covered segments, 300 meters long by 100 meters wide.

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( Companies Mentioned: AUAU:TSX.V; AUXXF:OTCQX,
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