Exploration Drilling Targeting Four Four Distinct Areas

TONOPAH, NV - Allegiant Gold Ltd. announced its exploration drilling program for the remainder of 2023. Allegiant plans to drill a total of 15,115 meters of Reverse Circulation (RC”) and Diamond Core Drilling (DDH). The Company completed a 19-hole, 2,400 meter RC drill program in February 2023 at the Castle Project, Eastside District. It has already received most of the necessary drill permits and expects the remainder in the next fiscal quarter.  

Peter Gianulis, CEO, said “2023 will be another busy year with the Company targeting four distinct areas including two drill programs at the Eastside District, and initial drill programs at Goldfield West, one of the top prospects in our portfolio, and our recently acquired TS Project.  Our goal continues to be the same; the efficient allocation of capital directly into the ground while we seek to expand our existing resources and make new discoveries. In addition to funding our own programs, we are also expecting additional exploration programs at our other projects, Mogollon and Bolo, which are being funded by Summa Silver and Copaur, respectively. Together, Allegiant will be one of the most active exploration companies in the sector.””

Allegiant plans to conduct the following programs during the remainder of the 2023 calendar year: 1) Eastside Project - Eastside: 11-Hole, 4,015 Meter RC Drill Program; 2-Hole, 800 Meter DDH Drill Program; and Targeting resource expansion and new targets to the south of the current resource area. 2) Castle Project - Eastside: 28-Hole, 3,500 Meter RC Drill Program; 4-Hole, 800m Meter DDH Drill Program; Resource expansion and exploration drilling; and Structural and gold distribution data collection. 3) Goldfield West: 8-Hole, 2,000 meter RC Drill Program; and Phase 1 exploration drilling to establish the potential for hosting moderate-high sulfidation epithermal gold-silver mineralization. 4) TS Project - Prospective For Lithium/Boron: 9-hole, 1,250 meter RC Drill Program; 1-hole, 350 meter DDH Drill Program; Targets sub-horizontal basin sedimentary sequences for Lithium-Boron hosting sediments; and Sedimentological and geochemical data analysis to establish potential for Lithium and Boron mineralization.