05:44:27 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Allegiant Gold Ltd
Symbol AUAU
Shares Issued 74,163,342
Close 2020-07-21 C$ 0.355
Market Cap C$ 26,327,986
Recent Sedar Documents

Allegiant Gold appoints Wallace as director

2020-07-21 10:45 ET - News Release

Mr. Peter Gianulis reports

ANDY WALLACE APPOINTED TO ALLEGIANTA S BOARD OF DIRECTORS

Allegiant Gold Ltd. has appointed Andy Wallace to its board of directors effectively immediately.

Mr. Wallace is the principal of Cordex Exploration, considered by many in the mining industry to be one of the most successful gold exploration groups in the United States. Cordex is credited with an unprecedented nine gold discoveries in Nevada, a number of which were under Mr. Wallace's management, including the five-million-ounce Marigold mine, the 12-million-ounce Stonehouse/Lone Tree mine and the Daisy mine. Mr. Wallace was also involved in the discovery of the Sterling mine and of the Dee mine.

Mr. Wallace's experience in the gold mining industry includes every aspect of mineral exploration and mine development. At his Marigold discovery, and also at the Pinson and Dee mines in Nevada, Mr. Wallace directed or was involved in resource delineation and expansion, engineering and feasibility studies, permitting, mine construction, and production activities. Both Pinson and Dee were Cordex discoveries, and in the late-1970s, Pinson alone accounted for 7 per cent of all U.S. domestic and gold production.

"We are very pleased to welcome our former chief executive officer back to our team as a member of the board of directors," commented Peter Gianulis, CEO of Allegiant Gold. "Andy has a long history in the mining and exploration sector, particularly in Nevada. His track record of achievements is truly second-to-none. Andy also has a long history working with Allegiant having personally selected and led all of our projects since our founding. We are looking forward to his leadership at the board level, particularly as activity at Eastside is set to dramatically increase over the coming months," added Mr. Gianulis.

About Allegiant Gold Ltd.

Allegiant owns 100 per cent of nine highly prospective gold projects in the U.S., six of which are located in the mining-friendly jurisdiction of Nevada. Two of Allegiant's projects are farmed out, providing for cost reductions and cash flow. Allegiant's flagship, district-scale Eastside project hosts a large and expanding gold resource and is located in an area of excellent infrastructure. Preliminary metallurgical testing indicates that both oxide and sulphide gold mineralization at Eastside is amenable to heap leaching.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.