Bureau of Land Management approval. Allegiant Gold received Bureau of Land Management approval to significantly expand its drilling activities and operations at its flagship Eastside project in Nevada. Allegiant is now able to expand drilling beyond the existing original pit zone as well as around a recently discovered high-grade zone.Significantly expands the permitted area. The first permit expands the plan-of-operations to 3,676 acres from 600 acres around the original pit zone. The second permit amends the existing drill target plan within the original pit zone and will allow Allegiant to drill up to 14 new diamond core holes to test the recently discovered high-grade zone announced in May. Allegiant is now able to construct new roads and access to 160 new drill sites to drill test areas south and west of the existing resource.Drilling program. We think Allegiant could commence drilling in October using both reverse circulation (RC) and diamond core drill rigs. Over the next twelve months, management expects to drill 60 to 70 holes, representing approximately 23,000 meters of drilling at targets located within the existing resource pit shell and at other exploration targets. This includes 10 holes, or 6,000 meters, of diamond core drilling along the western edge of the original pit zone and 50 to 60 holes, or 17,000 meters, of step-out and exploration drilling.Rating is Outperform. In our opinion, Eastside represents significant upside potential for investors as the company expands the resource base and proves its economics. We expect the company to provide a comprehensive update on its business and near-term drilling plans shortly. Read More >>