Completion Of Staking Claims And Anomalies Adjacent To Eastside Property

TONOPAH - Allegiant Gold Ltd. has completed the staking of 126 federal lode mining claims over gold and lithium anomalies adjacent to its Eastside Property within the Big Smoky Valley. IT has staked 126 federal lode mining claims comprising the TS Prospect, to the east of its Eastside Property. Allegiant has identified anomalous gold and lithium in outcrops of travertine sinter that occur at the edge of the Big Smoky Valley. The origin of the travertine sinter outcrops is to be determined but they are coincident with structures identified from airborne and ground geophysics that indicate a north-south structure, or series of structures, believed to be basin-bounding faults.

A geochemical orientation survey that will comprise a grid of sediment samples has begun that will cover the entire claim block. The results of the survey will be combined with geophysics and field observations to define targets for drill testing this summer 2023.

Peter Gianulis, CEO, said, “Our technical team has identified numerous gold and lithium anomalies within Big Smoky Valley, a few miles from the edge of our flagship Eastside gold/silver project.  We were also very intrigued by some of the lithium samples we discovered at the eastern side of Eastside which led us to stake additional ground nearby.  Our early sampling not only showed Li well above background values but also gold values which are above the typical cut-off grade used at Eastside.  These new claims warrant a further work program and we will be designing a small initial program in conjunction with the submission of an NOI to the BLM.”