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Exploration|Gold|PROJECT|Proximity|Road|Surface|System|Systems|Testing|Maintenance|Environmental|Drilling
Exploration|Gold|PROJECT|Proximity|Road|Surface|System|Systems|Testing|Maintenance|Environmental|Drilling
exploration|gold|project|proximity|road|surface|system|systems|testing|maintenance|environmental|drilling

Allegiant consolidates ownership of Nevada’s Bolo gold project

19th August 2025

By: Creamer Media Reporter

     

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Canada-listed Allegiant Gold on Monday announced the acquisition of the remaining 49.99% interest in the Bolo gold project, in Nevada, from CopAur Minerals, giving the company full ownership of the asset.

Under the terms of the agreement, Allegiant would pay a cash consideration and forgive certain debt obligations owed by CopAur for historical advanced royalty and claim maintenance payments. The existing environmental reclamation bond for Bolo would also be transferred to Allegiant, and CopAur would deliver a completed National Instrument 43-101 technical report on the property.

“We are pleased to have reached this agreement with CopAur to acquire 100% of the Bolo project. Bolo is an excellent exploration asset with a historical resource, in close proximity to several producing mines, and has the benefit of a recently completed National Instrument 43-101 technical report. Consolidating our ownership gives us maximum flexibility in unlocking the value of this highly prospective gold system located in one of Nevada’s best-known exploration belts,” said Allegiant CEO Peter Gianulis.

Bolo is located about 90 km north-east of Tonopah, Nevada, in a region known for hosting Carlin-type gold systems. Historical drilling has returned multiple zones of oxide gold mineralisation both at surface and depth, with the project benefiting from road access, permitting and numerous targets for further exploration.

Allegiant also owns the district-scale Eastside project in Nevada, which hosts a large and expanding gold/silver resource. Preliminary metallurgical testing indicates that both oxide and sulphide mineralisation at Eastside are amenable to heap leaching.

Edited by Creamer Media Reporter

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