Movers and SHAKERS
Allegiant Gold Ltd (AUXXF)(AUAU:CA)
Executing According to Plan
Allegiant Gold Ltd is a gold exploration company. Its project profile consists of Bolo, Browns Canyon, Clara Moro, Four Metals, Monitor Hills, Red Hills, Silver Dome, West Goldfield, White Horse Flats, Mogollon, Eastside, Dutch Flat, and others.
Mark Reichman, Senior Research Analyst of Natural Resources, Noble Capital Markets, Inc.
Refer to the full report for the price target, fundamental analysis, and rating.
Near-term goals. Eastside currently has a NI 43-101 compliant inferred resource of 996 thousand gold ounces and 7.8 million silver ounces, or 1.1 million ounces of gold equivalent, with significant expansion potential. Near-term goals include: 1) expanding the permitted operating area, 2) completion of an updated mineral resource estimate to include drilling in the southern portion of the project area and in the Original Pit Zone, 3) completion of a preliminary economic assessment that may include results from additional drilling in the northern portion of the project area, and 4) advancing the project to a resource of greater than 2 million ounces of gold over the next one to two years.
Drilling begins in the Original Pit Zone. Allegiant Gold announced that drilling has commenced in the Original Pit Zone to increase resources in the northern portion of the project area which hosts the current mineral resource. The company plans to drill approximately 10 to 13 holes totaling approximately 5,000 meters of drilling. Recall that Allegiant completed drilling in the the Castle Zone in ...
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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.