Allegiant Gold Ltd. (AUAU:TSXV)

  • Allegiant Gold is a leading gold explorer with five assets in Nevada. Its flagship, the Eastside District, hosts a 1.4Moz Au and 9Moz Ag deposit.

  • AUAU has commenced a 5,000m drill program at Eastside, part of which will focus on resource expansion and the rest on exploration targets.

  • Utilizing its project farm-out strategy, the Company has brought in ~$7.5M over the last five years, limiting dilution to shareholders and supporting its clean capital structure which has no warrants.

Investment Summary

Company Description

Allegiant owns five highly prospective gold projects in the United States all of which are in the mining-friendly jurisdiction of Nevada. Allegiant’s flagship, district-scale Eastside project hosts a large and expanding gold resource and is in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside are amenable to heap leaching.

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