(THenewswire)
Diamond Core Program to target depth extensions and associated structures
Tonopah, Nevada THenewswire – September 10, 2025 Allegiant Gold Ltd. (Allegiant “or the” Company “) (Auau: TSX-V) (Auxxf: OTCQX) is pleased to announce the commencement of a 2,000 metre, fully-funded diamond core drill program testing the vertical extensions of the high-grade compintosh Compintosh Compintosh Compintosh Compintosh Compintosh Compintosh Compintosh Compintosh Grade-Grade Grade-Grade Grade-Grade-Grade-Grade-Grade-Grade-Grade-Grade-Grade-Grade-Grade-Grade-Grade-Grade-Grade Eastside Gold-Silver project. To date, around 1.4 million our derivative gold and 8.8 million have been estimated to be our derivated silver sources* in the Eastside project with only a small fraction of the project area that has been investigated to date. Eastside is located in the productive Walker Lane trend near the city of Tonopah, Nevada.
*Source: “Out-fored estimate of the Resource and NI 43-101 Technical Report, Eastside and Castle Gold-Silver Project Technical Report, Esmeralda County, Nevada” performed by the Mining Development employees of Reno, Nevada, with a constructed agent of 0. PIT 1. g/t au) of 61,730,000 tons 0.55 g/4 g/4 g/4 g/t AG for the original pit zone (1,090,000 ounces gold and 8,700,000 ounces silver) and 19,986,000 tons assess 0.49 g/t au in the castle area (314,000 grams of gold). A copy of the Eastside Technical Report can be found on Sedar on www.sedar.com.
Highlights of the program:
First three-hole HQ Core Drill Program (ES-331, ES-337, ES-338) of a total of approximately 2,000 meters as part of a larger drilling program of 20,000 meters.
Holes ES-331 and ES-338 will test the vertical extensions of previously drilled holes ES-239 and ES-243 to a depth of 600 meters. Hole ES-337 is designed to cross different structures in the high-quality zone that was discovered in the 2021 drill program and will be a minimum of 600 meters long in total.
Drilling is underway with the results expected in October and November 2025.
The Core Program 2025 builds on Allegiant’s very successful 2021 drilling campaign (see press release of 26 May 2021), which once reported the highest degree of interceptions at Eastside:
Hole ES -243: 148 meters from 2.6 g/t au, including 14 meters from 21.9 g/t au and 20 meters from 173.8 g/t AG and ending in 12.2 meters from 2.24 g/t au
Hole ES-239: 3.1 meters from 39.0 g/t au at the bottom of the hole, within a wider interval of 111.3 meters rating 1.45 g/t au
The current program is intended to test the vertical continuity and structural checks Of this mineralization through deeper nuclear drills under and around holes ES-239 and ES-243, with one sloping hole (ES-337) designed to cross potential and to cross at depth. The goals (see map 1) were selected on the basis of an extensive overview of our exploration model with more than 60,000 meters of drilling, geophysical, geochemical, lithology and structural data. The exploration model shows a strong correlation between degree and the well -known structures.
Map 1: location of Boorgat
https://allegiantgold.com/site/assets/files/3144/pastedgraphic-1.png
Peter Gianulis, CEO, noticed, “We are delighted to have started our 2025-2026 practitioners program at Eastside; this is our largest single program ever to Eastside, where we anticipate the drilling of approximately 20,000 meters of reverse circulation and diamond core drilling. We start with diamond core drills at The high -quality zone of the McINTOSH zone that has returned some of the best gold and silver Intercepts once drilled in Eastside. After further interpretation, we now test what we believe could be the vertical continuation of this Bonanza quality structures. If successful, this program could redefine the growth potential of the Eastside payment at depth. After completion and interpretation of the feature-wide Geophysics program, we will start drilling the reverse circulation of the chosen goals. ”
Andy Wallace is a certified professional geologist (CPG) at the American Institute of Professional Geologists and is the qualified person under NI 43-101, standards for disclosure for mineral projects that have assessed and approved the scientific and technical content of this press release.
About Eastside
Eastside is a district scale, 100%owned gold-silver project in Esmeralda County, Nevada, about 30+ kilometers to the west northwest of Tonopah, along the productive Walker Lane-Trend. The project organizes a current derivative source (last updated in July 2021) of 1.4 million Ons Gold and 8.8 million Ons Silver, with mineralization open to the West, South and at depth.
About Allegiant
Allegiant has three very potential gold projects in the United States that are all in the mining -friendly jurisdiction of Nevada. The flagship of Allegiant, district scale Eastside project organizes a large and growing golden source and is located in an area of excellent infrastructure. Less than 20% of the property has been investigated with potential to significantly increase the existing derived source. Provisional metallurgical tests indicate that both oxide and sulfidegouden mineralization in Eastside are susceptible to losing hope.
On behalf of the board
Peter Gianulis
CEO
For more information, contact:
Investor relationships
ir@allegiantgold.com
+1 786 252 4948
Neither TSX Venture Exchange nor its regulation services provider (because that term is defined in the policy of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.
Foresighting statements
Certain statements and information in this press release are “future -oriented statements” in the sense of applicable American securities and “future -oriented information” in the sense of applicable Canadian securities laws, which are jointly referred to as “future -oriented statements”. The United States Private Securities Litigation Reform Act of 1995 offers a “safe haven” for certain future -oriented explanations. The exploration plans of Allegiant Gold Ltd. (“Allegiant”) Exploration plans for its Gold Exploration Properties, the Drill Program at Allegiant’s Eastside Project, the preparation and publication of an updated estimate of the resource with regard to the original zone in the Eastside Project, Allegiant’s future exploration and Timing for this; Allegiant’s plans for growth through exploration activities, acquisitions or otherwise; and expectations with regard to future maintenance and capital expenditures and working capital requirements. Forward -looking statements are statements and information about possible events, conditions or results of activities that are based on assumptions on future economic conditions and action courses. All explanations and information other than explanations of historical facts can be future -oriented explanations. In some cases, forward-looking statements can be identified by the use of words such as “seek”, “expect”, “anticipate”, “budget”, “plan”, “estimate”, “continue”, “forecast”, “intend”, “believe”, “predict”, “potential”, “target”, “may”, “could”, “would”, “Might”, “Will” and Similar Words or Phrases (Including Negative Variations) Suggesting Future Outcomes or statements regarding prospects. Such future -oriented statements are based on a number of material factors and assumptions and include known and unknown risks, uncertainties and other factors that can cause the actual results, performance or performance or industrial results, which differ material from those that are expected in such future -oriented information. You will be warned not to place unnecessary dependence on future -oriented statements in this press release. Some of the known risks and other factors that can lead to the actual results that differ material from those that are expressed in the future -oriented statements are described in the sections entitled “Risk factors” in Allegiant’s listing application, dated January 24, 2018, as submitted to the TSX Venture Exchange and Available on sedar+ under the profile of Allegiant on www.sedarplus.ca. Actual results and future events can vary substantially from those that are expected in such statements. Allegiant does not have an obligation to work or to update future -oriented statements in this press release whether these beliefs, estimates and opinions or other circumstances should change, except as otherwise required by the applicable legislation.
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