Allegiant's Castle environmental assessment okayed

Executive Summary

• Allegiant Gold Ltd. received BLM and Nevada Division of Environmental Protection approval for its environmental assessment and plan of operations for the Castle project in Esmeralda County, Nevada.
• The permit authorizes a multiyear exploration program covering up to 50 acres of surface disturbance, construction of roads, drill pads, sumps, staging areas, and trenching activities.
• Phase 1 permits up to 145 drill pads within a 1,658‑acre project boundary that hosts an inferred resource of ~314,000 ounces of gold adjacent to the historic Boss mine.

Key Details

• Permit Scope: Approval for up to 50 acres of surface disturbance and extensive infrastructure (roads, drill pads, sumps, staging areas, trenching).
• Drilling Authorization: Up to 145 drill pads in Phase 1, with flexibility for additional drilling phases thereafter.
• Project Size: Exploration activities permitted within a 1,658‑acre Castle project boundary.
• Resource Context: The Castle area is adjacent to the historic Boss mine and contains an inferred resource of approximately 314,000 ounces of gold.
• Infrastructure Advantages: Direct highway access via U.S. Routes 6 and 95, facilitating logistics for large‑scale exploration.
• Strategic Significance: Enables aggressive testing of a highly prospective gold system within Nevada’s Walker Lane trend, supporting Allegiant’s goal to expand its Eastside Gold Project portfolio.

Notable Quotes

“The approval of the Castle plan of operations is a significant milestone for Allegiant. This permit provides the scale and flexibility we need to aggressively test a large and highly prospective gold system at Eastside and in the heart of Nevada's Walker Lane trend.” – Peter Gianulis, CEO