Allegiant Gold (AUXXF)(AUAU:CA) – Off to a Strong Start in 2022

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Monday, March 07, 2022

Allegiant Gold (AUXXF)(AUAU:CA)
Off to a Strong Start in 2022

Allegiant Gold is a mid-stage exploration stage company with 10 highly prospective projects in the southwest United States, including 7 projects in the State of Nevada. Allegiant’s flagship project is Eastside, a district-scale project in Nevada with inferred resources of 1.4 million gold and 8.8 million silver ounces of inferred resources and significant potential to add size and scale. The company’s shares trade on the TSX Venture Exchange under the ticker symbol “AUAU” and on the OTCQX under the ticker symbol “AUXXF.”

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 drilling programs. Beginning this month, reverse circulation (RC) drilling will focus on the east pediment zone and the western anomaly and entail 35 holes, including 25 holes at the east pediment zone with an average depth of 200 meters per hole, and 10 holes at the western anomaly with an average depth of 300 meters per hole. Core drilling will begin in May to test the recently discovered high-grade zone within the western edge of the original pit zone and will entail 7 core holes with an average depth of 600 meters.

    Updating estimates.  For the three-month period ending December 31, 2021, Allegiant Gold reported a net loss of C$(0.01) per share compared to C$(0.00) during the prior year period and our estimate of C$0.00. Operating expenses were modestly above our estimates, and we have adjusted our fiscal year 2022 net loss per share estimate to C$(0.01) from C$0.00. Our 2023 per share estimate is unchanged …

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. 

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