Part of the Stock Digest group of websites: Visit Tech Stock Digest  

Allegiant extends mineralization at Eastside gold project

Allegiant Gold (TSXV: AUAU; US-OTC: AUXXF) has reported drill results for the remaining 13 holes of its 22-hole (8,000-metre) phase one resource expansion drill program at its 100%-owned, district-scale Eastside gold project in Nevada.

The phase one holes were drilled west and south of the Original zone in areas currently classified as waste rock, or below the planned open pit, with the objective of increasing resources and reducing the strip ratio of a potential open pit mine.

Results are highlighted by hole 147, which returned 43 metres grading 2.5 grams gold per tonne including 9 metres at 9 grams gold. Drill hole 151 returned 80 metres at 1 grams gold.

The company said it abandoned 7 of 13 holes due to difficult drilling conditions.

The results extend the Original zone 300 metres west and 400 metres south; it remains open in both directions. The company plans to focus on these areas in next year’s 66-hole (25,000-metre) second phase drilling program.

Click here to continue reading...

Subscribe to the RSD email list and get the latest resource stock activity directly to your inbox, for free.



Name Last Change
DOW 24998.90 1.15%
S&P 500 2692.06 1.12%
NASDAQ 7120.09 1.13%
TSX 15080.57 0.34%
TSX-V 614.95 0.00%

Resource Commodities

Name Last Change
Gold 1214.10 0.92%
Silver 14.16 1.06%
Copper 2.69 0.010
Platinum 830.50 0.90%
Oil 55.69 7.61%
Natural Gas 4.10 7.63%
Uranium 29.15 0.00%
Zinc 1.17 0.00%


Part of the Stock Digest family of websites
Small Cap Stock Digest