Monday, June 07, 2021
Allegiant Gold (AUXXF)(AUAU:CA)
Next Steps
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.
Investor update. Allegiant Gold recently hosted a webinar for investors to discuss recent drilling results and the company’s strategy for Eastside. Recall that Allegiant recently released results from its 9-hole drill program, representing 3,673 meters of drilling, at the Original Pit Zone (OPZ) at its Eastside project in Nevada. Mineralization was encountered in 7 of the 9 holes, including high-grade intercepts. Hole 243, a 100-meter step-out from the closest hole in the OPZ, included 2.55 grams of gold per tonne over 147.8 meters and 3.17 grams of gold per tonne over 117.3 meters.
Follow-Up drilling at the OPZ. A follow-up drilling program will entail at least 5,000 meters of drilling. The drilling will focus on defining the extent of the high-grade areas discovered during the recent program, including near the bottom of the holes. Because there are significant opportunities to continue to develop the Original Pit Zone by expanding the permitted area from 601 acres to 3,600 …
This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).
*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.
