Allegiant consolidates ownership of Nevada’s Bolo gold project
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.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation