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• Allegiant announced that it has signed a definitive agreement with CopAur Minerals Inc. to spin out the Bolo Project into a new company.
• AUAU plans to drill the High-Grade Zone at the McIntosh Zone (within its flagship Eastside Property) by way of a 2,000-3,000m diamond drill program.
• 2021 highlights in this area include 39 g/t Au over 3m & 2.6 g/t Au over 148m.
This morning, Allegiant Gold Ltd. (AUAU:TSXV, AUXXF:OTC) announced that Allegiant and CopAur Minerals Inc. (CPAU:TSXV) have together signed a binding agreement to spin out the Bolo Project into a new company that has been identified. AUAU currently owns 50.01% with CopAur owning the remaining. The project is located in Nye County, ~1hr from the town of Tonopah, Nevada, and has yielded strong results from exploration and drilling over the years.
On April 8th, Allegiant announced plans to drill the High-Grade Zone (HGZ) at the McIntosh Zone. We are maintaining our BUY rating and $0.50/share target price on Allegiant Gold.
Upcoming Drill Program
On April 8th, AUAU announced its plans to complete a 2,000-3,000m diamond drill program at the McIntosh Zone within its flagship Eastside Project, targeting the high-grade zone (HGZ) at depth which was previously intersected in 2021. As a reminder, Allegiant intersected this zone with three drill holes in 2021, please refer to the highlights below. Read our initiation report which highlights the Eastside Project in more detail here.
• Hole 239: 39.0 g/t Au over 3.0m and 113.35 g/t Ag over 6.1m
• Hole 243: 2.6 g/t Au over 148.0m, including 21.9 g/t Au over 14.0m, and including 173.8 g/t Ag over 20.0m
o Hole 243 ended in gold mineralization, with the bottom of the hole running 2.24 g/t Au over 12.2m, within an interval of 0.92 g/t Au over 50m
AUAU: Spinning out Bolo & Planning Deep Drilling at McIntosh
What you need to know:• Allegiant announced that it has signed a definitive agreement with CopAur Minerals Inc. to spin out the Bolo Project into a new company.
• AUAU plans to drill the High-Grade Zone at the McIntosh Zone (within its flagship Eastside Property) by way of a 2,000-3,000m diamond drill program.
• 2021 highlights in this area include 39 g/t Au over 3m & 2.6 g/t Au over 148m.
This morning, Allegiant Gold Ltd. (AUAU:TSXV, AUXXF:OTC) announced that Allegiant and CopAur Minerals Inc. (CPAU:TSXV) have together signed a binding agreement to spin out the Bolo Project into a new company that has been identified. AUAU currently owns 50.01% with CopAur owning the remaining. The project is located in Nye County, ~1hr from the town of Tonopah, Nevada, and has yielded strong results from exploration and drilling over the years.
On April 8th, Allegiant announced plans to drill the High-Grade Zone (HGZ) at the McIntosh Zone. We are maintaining our BUY rating and $0.50/share target price on Allegiant Gold.
Upcoming Drill Program
On April 8th, AUAU announced its plans to complete a 2,000-3,000m diamond drill program at the McIntosh Zone within its flagship Eastside Project, targeting the high-grade zone (HGZ) at depth which was previously intersected in 2021. As a reminder, Allegiant intersected this zone with three drill holes in 2021, please refer to the highlights below. Read our initiation report which highlights the Eastside Project in more detail here.
• Hole 239: 39.0 g/t Au over 3.0m and 113.35 g/t Ag over 6.1m
• Hole 243: 2.6 g/t Au over 148.0m, including 21.9 g/t Au over 14.0m, and including 173.8 g/t Ag over 20.0m
o Hole 243 ended in gold mineralization, with the bottom of the hole running 2.24 g/t Au over 12.2m, within an interval of 0.92 g/t Au over 50m
Underlying
ALLEGIANT GOLD
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Atrium Research Corporation
Atrium Research provides institutional quality issuer paid research on North American public equities using deep fundamental analysis. Our research reports are disseminated through Bloomberg, FactSet, Capital IQ, Reuters and many more, as well as through our social media and email distribution lists.
Ben Pirie
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