Feb 27 2019
Allegiant Gold Ltd. takes pleasure in announcing that it has completed drilling at its Monitor Hills gold project situated in Nevada. In total, 15 RC holes totaling 2535 m at Monitor Hills were completed by Allegiant. Analyses are yet to begin.
Allegiant has also reported that it has started drilling at Adularia Hill, situated 48 km west of Tonopah, Nevada, where 14 drill holes totaling 2545 m are planned to be drilled.
A total of six “discovery potential” projects situated mainly in the prominent gold mining jurisdiction of Nevada are being drilled by Allegiant for a period of 10–12 months up to about June 2019. The drilling campaign was introduced in August 2018 at the Red Hills project.
Adularia Hill, which is the fifth project to be drilled, is situated within Allegiant’s Eastside claim block, about 12 km south of the Original Zone gold deposit, about 2 km north of the former producing open-pit-heap-leach Boss Mine, and about 2 km north of Castle, which hosts a historical gold resource.
Geologic and alteration mapping by Allegiant, followed by surface sampling of outcrop and float, led to the discovery of the Adularia Hills target. In total, 150 surface samples were collected by Allegiant in an oval area of about 1400 × 850 m2. Of the 140 samples, 30 contained gold values between 0.1 and 1.5 g/t gold (as maximum). Gold is found in and along structures and silica ribs with related stockworks of quartz and adularia veining. These mineralized structures cut tuffs, rhyolite plugs and flow domes, tertiary andesite, and Ordovician basement rocks. Approximately 20%–30% of the select area is covered by outcrops and the remaining by shallow alluvium.
Furthermore, previously, there has been no drilling at Adularia Hill.