Wednesday, January 27, 2021
Allegiant Gold
Allegiant Gold Ltd (AUXXF)
2021 Expected to Be Catalyst Rich
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.
NobleCon17 Presentation. Mr. Peter Gianulis, CEO, Allegiant Gold, made a presentation and participated in a panel discussion at NobleCon17. Replays are available here. Allegiant is advancing its Eastside Gold Project in Nevada. 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 recent drilling in the southern portion of the project area, 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 program. In September 2020, the company commenced a 15,000-meter drilling program to test additional targets, expand resources at the Castle Zone in the southern part of the project area, and increase resources at the Original Pit Zone in the northern portion of the project area which hosts the current mineral resource. From September to December 2020, Allegiant drilled over 40 holes …
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.