Allegiant Begins Extensive Core Drilling Program to Test High Grade Gold Discovery at Eastside Project's McIntosh Zone

Core Insights - Allegiant Gold Ltd. has initiated a fully-funded 2,000 metre diamond core drill program at the McIntosh zone of the Eastside Gold-Silver Project to explore vertical extensions of high-grade gold discoveries [1][4] - The Eastside Project currently has an inferred resource of approximately 1.4 million ounces of gold and 8.8 million ounces of silver, with only a small portion of the area explored [1][8] - The 2025 drilling program aims to build on the success of the 2021 campaign, which reported the highest-grade intercepts at Eastside [4] Program Details - The current drill program will consist of three holes (ES-331, ES-337, ES-338) totaling around 2,000 metres, as part of a larger 20,000 metre drilling initiative [6] - Holes ES-331 and ES-338 will test vertical extensions of previously drilled holes down to 600 metres, while hole ES-337 is designed to intersect various structures in the high-grade zone [6] - Results from the drilling are expected in October and November 2025 [6] Historical Context - The 2021 drilling campaign returned significant results, including hole ES-243 which reported 148 metres of 2.6 g/t Au, and hole ES-239 which reported 3.1 metres of 39.0 g/t Au [6] - The exploration model for the Eastside Project is based on over 60,000 metres of drilling and various geological data, indicating a strong correlation between mineral grade and known structures [4] Company Overview - Allegiant Gold Ltd. owns three gold projects in the mining-friendly jurisdiction of Nevada, with the Eastside project being the flagship [9] - Less than 20% of the Eastside property has been explored, indicating significant potential for resource expansion [9] - Preliminary metallurgical testing suggests that both oxide and sulphide gold mineralization at Eastside can be processed through heap leaching [9]