In July 2017, Columbus Gold Corp. (CGT: TSX) announced plans spin-out its subsidiary, Allegiant Gold Ltd., with the intent of listing ALLEGIANT on the TSX Venture Exchange. ALLEGIANT owns 14 highly-prospective drill-ready gold projects in the United States, 11 of which are located in mining-friendly Nevada. ALLEGIANT has announced plans to drill 10 projects within 12 months of going public, including its flagship projects, Eastside and Bolo. ALLEGIANT is led by Andy Wallace, who has discovered a number of multi-million-ounce mines in Nevada. ALLEGIANT is expected to begin trading in January 2018.