Allegiant Gold’s primary focus is advancing exploration at the Eastside District. Recent public disclosures state that the company has completed a comprehensive geophysics program and is moving forward with core drilling to test deep and structurally controlled targets.
The 2025 plans include further structural studies, geophysics, and drilling in high-interest zones such as McIntosh and Castle.
In a recent announcement, the company selected Timberline Drilling Inc. to conduct a diamond core drill program, targeting up to 2,000 m across several holes in deeper extensions of known high-grade zones.
Given the depth and complexity of the targets, additional assay results and geological interpretation will play a key role in determining the next phases of resource estimation or permitting.
Allegiant has engaged in multiple capital-raising initiatives to support exploration. For example, in August 2025 it announced an upsized private placement of up to 17,000,000 units at $0.50 each to raise up to $8.5 million in gross proceeds.
Each unit includes a share and half a warrant, with full warrants exercisable at $0.70 for 18 months.
The company has historically sought to maintain capital discipline, minimize dilution, and leverage farm-outs or strategic investments to fund non-core assets.
Kinross’s strategic investment further underscores external interest in supporting the company’s growth path.
In June 2025, the company provided a corporate update explaining that it completed a share consolidation and was focusing on strengthening its balance sheet to better execute the 2025 exploration agenda.
Allegiant is positioned in the precious metals exploration segment within a favorable jurisdiction (Nevada), which is often seen as among the more stable U.S. jurisdictions for mining.
Its presence in the Walker Lane Trend (a known structural corridor for gold deposits) enhances its geological upside.
By advancing deeper exploration and structural modeling, the company is targeting new zones and potential resource expansions, which could increase the scale and attractiveness of the Eastside project.
Farm-outs allow it to scale exploration across multiple assets without overextending capital resources, providing optionality across its project portfolio.
As assay results from drilling are published, market participants will likely focus on the continuity, grade, and geological controls of the mineralization to assess the value of the asset over time.
Mr. Javier Reyes brings to the Board over 25 years of valuable experience in both the financial and natural resource sectors. Mr. Reyes has established and managed several natural resource funds over the course of his career, gaining particular expertise in evaluating and restructuring publicly traded mining companies in Mexico. He played a pivotal role in the turnaround of Luca Mining starting in early 2020.
Mr. Pitcher is a former President of Eldorado Gold Corporation, a Canadian mid-tier gold producer with a market capitalization exceeding a billion dollars. He is a Professional Geologist and brings more than 30 years of mining industry experience to A2 Gold.
Mr. Peter Gianulis has spent the past 23 years in the natural resource sector having founded Carrelton Asset Management, a private equity firm that invests in the small cap natural resource sector. Prior to founding Carrelton, he was a Partner of Saranac Capital, a NYC-based hedge fund with over US$4 billion in assets under management.
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