The White Horse Flats Property is 100% owned by Allegiant, subject to underlying royalties, and is located approximately 43 km south of Wendover, Nevada. The property is 13 km (8 miles) east of the Kinsley Mine, which has reported past production from a Carlin-type deposit.
White Horse Flats covers three small hills and portions of the surrounding pediment. Exposures on the three hills are limestones and siltstones of Permian age, overlain by a cap of silicification. The silicification forms a discontinuous north to south belt approximately 2,130 m long and up to 150 m wide (7,000 ft long and up to 500 ft wide). Silicification varies from weak to strong with common liesegang banding and is almost everywhere anomalous in gold (from 30 to 1,817 ppb gold), associated with anomalous arsenic, antimony, and mercury. The mineralization is Carlin-type.
Detailed surface sampling by Columbus delineated a significant area, approximately 165 m long and 60 m wide (550 ft long and 200 ft wide), with 16 samples ranging from 0.32 to 1.82 g/t (0.01 to 0.05 opt) gold. The zone is covered with alluvium on its north and east sides.
Historical drilling by Energy Reserves Group located a number of mineralized zones under the valley pediment, approximately 550 m (1,800 ft) SW from the area of surface sampling by Columbus. One drill hole intersected 6.1 m (20 ft) averaging 0.64 g/t (0.019 opt) gold from 43 m (141 ft). Another drill hole intersected 3 m (9.8 ft) averaging 0.5 g/t (0.015 opt) gold from 18 m (59 ft) within a wider interval of 9.2 m (30 ft) averaging 0.24 g/t (0.007 opt) gold on the east side of the outcrop.
In late 2011, a previous partner, commenced a drilling program at White Horse Flats to test the down-dip extensions of outcropping zones of highly gold anomalous silicification (rock chip samples ranging from 0.32 to 1.82 ppm) as well as a number of structural targets identified from the interpretation of gravity data collected. Drilling consisted of 11 RC holes for 2,206 metres (7,237 feet) and together with historical results has defined a potential 1,700 metre (5,577 feet) long zone of gold mineralization under shallow cover.