On July 2017, Columbus Gold Corp. (CGT: TSX) announced plans spin-out its subsidiary, Allegiant Gold Ltd., which indirectly held Columbus' United States mineral property portfolio. In December 2017, the spin-out was approved and on January 30, 2018, ALLEGIANT began trading on the TSX Venture Exchange under the trading symbol "AUAU". ALLEGIANT owns 100% of 11 highly-prospective drill-ready gold projects in the US, 9 of them in Nevada. The majority of the drill targets have been identified by Andy Wallace, credited with multiple gold mine discoveries. ALLEGIANT is one of the most active explorers in the gold sector; 4 projects with “discovery potential" have been drilled since August 2018, and several more are planned for drilling. The flagship project Eastside hosts a large and open resource, located in an area of excellent infrastructure. The Original Zone at Eastside, hosts a pit-constrained inferred resource totaling 721,000 gold equivalent oz. (35.78m tonnes grading 0.63g/t gold equivalent). Preliminary metallurgical testing indicates that both oxide and sulphide mineralization at the Original Zone is amenable to heap leaching. Eastside also hosts numerous exploration targets and historical resources of 272,153 oz. gold (11,177,761 tons grading 0.82g/t gold).

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