Significant Lithium-Boron Anomaly Identified In Big Smoky Valley

TONOPAH, NV - Allegiant Gold Ltd. reported that an initial sediment sampling program over approximately half of its recently staked TS Prospect has indicated a significant Lithium-Boron anomaly along the western margin of the Big Smoky Valley basin. Allegiant has received very encouraging sample assay results from 250 samples taken over the northern half of the TS Prospect.  The Company is continuing the program on the claims covering the southern half of the project.  The aggregated results and interpretation will be used to design a reverse-circulation (RC) drill program planned to occur later this year.

TS Prospect Highlights: Approximately 1km long coincident Lithium (Li) and Boron (B) anomalies in sediments; Sample assays up to 342ppm Li and 171ppm Boron; Anomaly trends indicate a primary northwest–southeast and secondary north-south trend that may be associated with buried structures; and Sampling has begun covering the remainder of the TS claims.

Peter Gianulis, CEO, said, “The TS Claims evolved as a result of our exploration efforts at Eastside where we continue to grow our gold and silver resource.  We are very much aware of the immense amount of lithium exploration activity around our projects.  We have been pleasantly surprised by the Lithium values from near surface which are comparable to other lithium results by companies from drilling.  We look forward to providing the market with additional information over the coming months.”