The Monitor Hills Project is owned 100% by Allegiant, subject to underlying royalties, and consists of 106 unpatented mining claims located approximately 35km east-southeast of Tonopah, Nevada.
Allegiant is targeting Carlin-type gold mineralization at Monitor Hills and plans to drill 10-12 rotary drill holes, totaling 2200 metres, sometime late in 2017 or early 2018.
Columbus performed detailed geologic mapping, completed grid geochemical surveys, and collected over 250 samples of outcrop and float at Monitor Hills. Surface sampling identified eight target areas where gold values in outcrop exceed 1 g/t gold. In addition, 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. Two historic drill holes were located on the extreme southeast corner of the claims but the results are unknown. However, the areas of interest identified by Allegiant have never been drilled.
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. The rocks present in the project area are Cambrian and Ordovician sedimentary rocks. A Tertiary diorite intrusive body occurs just west and southwest of the claim block. Exposure is relatively poor over much of the claim block due to irregular areas of blow sand and sand dunes.