The Monitor Hills Project is 100% owned by ALLEGIANT, subject to underlying royalties, and consists of 106 unpatented mining claims located approximately 35km east-southeast of Tonopah, Nevada. ALLEGIANT drilled 15 rotary drill holes totaling 2,535 meters at Monitor Hills in January and February 2019. Drilling was focused on geochemical gold anomalies determined by surface sampling. Assays are pending.
ALLEGIANT performed detailed geologic mapping, completed grid geochemical surveys, and collected over 250 samples of outcrop and float at Monitor Hills. Surface sampling identified eight new target areas where gold values in outcrop exceed 1 g/t gold. Several gold anomalies (values from 20-245 ppb gold) were identified in mostly covered areas that are up to 300 metres long and 100 metres wide.
The target at Monitor Hills is Carlin-type gold mineralization in Cambrian and Ordovician sedimentary rocks. Gold occurs in replacement silicification (jasperoid) of carbonate rocks, or along iron-stained fault zones. The mineralized faults trend mainly north, but northeast and northwest trending structures are also mineralized. A buried Tertiary diorite intrusive body, believed to be shallow under blow sand and sand dunes, occurs just west and southwest of the claim block.