Expectations for 2022. Reverse circulation (RC) drilling will focus on the east pediment zone and the western high-grade anomaly and entail thirty holes to about two hundred meters depth using one rig. Core drilling is planned to define high-grade areas discovered during the most recent drill program but could be deferred until May due to an eagle’s nest near the area of planned drilling. Allegiant has filed for an eagle take permit that would allow for the relocation of the eagles and nest that is near the high-grade zone. Otherwise, drilling would have to follow the eagle nesting cycle.No near-term funding needs. Allegiant closed a C$5 million financing in August and receives proceeds associated with its option portfolio, including cash and marketable securities. The company recently amended its Bolo option agreement with New Placer Dome Gold Corp. (TSX.V: NGLD, Not Rated) which provided Allegiant with US$650,000 in share and cash payments in December 2021.Annual General Meeting. Allegiant will host its annual general meeting of shareholders at 11:00 am PT on Monday, February 28, 2022. Registered shareholders and appointed proxyholders may attend the meeting which will be held in a virtual only format and conducted via telephone. Among other things, shareholders will vote on directors for the ensuing year, the company's incentive plan, and the reappointment of the company's auditor.Rating is Outperform. Allegiant has made substantial progress in advancing its Eastside project and has a clear plan to add resources through drilling and to define the project’s high-grade areas. Results from the company’s RC drilling program could provide catalysts for the stock and our rating remains an Outperform based on our view that Eastside could develop into a multi-million-ounce resource representing significant upside potential for shareholders. We think its location in Nevada and significant expansion potential likely make it an eventual candidate for acquisition by a larger mining concern. Read More >>