(TheNewswire)
Tonopah, Nevada / TheNewswire / May 14, 2024 - Allegiant Gold Ltd.(“Allegiant” or the “Company”) (AUAU: TSX-V) (AUXXF: OTCQX) is pleased to announce theissuance and receipt of the Eagle Take Permit by the United StatesFish and Wildlife Service (USFWS).
Peter Gianulis, CEO of AllegiantGold , comments “This marks a significantachievement in the future development of the Eastside District and, inparticular, the McIntosh Zone which potentially hosts a high-gradezone which was initially discovered in 2021 (see Map 1). By securingthe Eagle Take Permit, we can move forward with our explorationactivities in a manner that respects and protects the naturalenvironment. Our dedication to environmental conservation aligns withour broader vision of sustainable resource development, ensuring thatour operations contribute positively to the local community andecosystem. We are grateful for the collaboration and support of theUSFWS throughout this process, and we remain committed to upholdingthe highest standards of environmental responsibility in all ourendeavors.”
MAP 1: MAP OF MCINTOSH ZONE ANDPERMITTED AREA AT EASTSIDE
https://allegiantgold.com/site/assets/files/3144/eagles-nest-map.pdf
USFWS EAGLE TAKE PERMIT
The Eagle Take Permit, issued by USFWS, is a criticalregulatory authorization required for activities that may incidentallyresult in the disturbance or harm of bald and golden eagles, which areprotected under federal law. This permit is essential for companieslike Allegiant that operate in areas where eagles are known tofrequent, as it allows for lawful management and mitigation ofpotential impacts on these majestic birds and their habitats.
In September 2020, Allegiant started its review of thepermit requirements and costs for the Eagle Take Permit. This phaseinvolved meticulous consideration and analysis to gain a clearunderstanding of the permit process. This rigorous phase culminated inMarch 2021 when Allegiant formally submitted the Eagle Take PermitApplication to USFWS. Subsequently, in January 2022, Allegiant engagedthe consultant company Stantec to commence work on the EnvironmentalAssessment (EA) and Eagle Conservation Plan (ECP) as prerequisites toobtaining the eagle take permit.
After nearly three years of dedicated efforts andcollaboration, Allegiant has now secured the permit, which wasfinalized and issued on April 16th, 2024. The effective dates of thepermit will be from December 15, 2024, to December 14, 2029.
This milestone underscores Allegiant's unwaveringdedication to conducting its operations in a responsible manner, witha keen focus on protecting wildlife and their habitats. Throughout thepermit process, Allegiant completed the necessary environmentalassessments, including compliance with the National EnvironmentalPolicy Act (NEPA), and obtained a Finding of No Significant Impact(FONSI).
ABOUT ALLEGIANT
Allegiant owns five highly prospective gold projects inthe United States all of which are in the mining-friendly jurisdictionof Nevada. Allegiant’s flagship, district-scale Eastside projecthosts a large and expanding gold resource and is in an area ofexcellent infrastructure. Preliminary metallurgical testing indicatesthat both oxide and sulphide gold mineralization at Eastside isamenable to heap leaching.
ON BEHALF OF THE BOARD
Peter Gianulis
CEO
For more information contact:
Investor Relations
ir@allegiantgold.com
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in policies ofthe TSX Venture Exchange) accepts responsibility for the adequacy oraccuracy of this release.
Certain statements and informationcontained in this press release constitute "forward-lookingstatements" within the meaning of applicable U.S. securities lawsand “forward-looking information” within the meaning of applicableCanadian securities laws, which are referred to collectively as"forward-looking statements". The United States PrivateSecurities Litigation Reform Act of 1995 provides a “safe harbor”for certain forward-looking statements. Allegiant Gold Ltd.’s (“Allegiant”)exploration plans for its gold exploration properties, the drillprogram at Allegiant’s Eastside project, the preparation andpublication of an updated resource estimate in respect of the OriginalZone at the Eastside project, Allegiant’s future exploration anddevelopment plans, including anticipated costs and timing thereof;Allegiant’s plans for growth through exploration activities,acquisitions or otherwise; and expectations regarding futuremaintenance and capital expenditures, and working capitalrequirements. Forward-looking statements are statements andinformation regarding possible events, conditions or results ofoperations that are based upon assumptions about future economicconditions and courses of action. All statements and information otherthan statements of historical fact may be forward-looking statements.In some cases, forward-looking statements can be identified by the useof words such as “seek”, “expect”, “anticipate”,“budget”, “plan”, “estimate”, “continue”,“forecast”, “intend”, “believe”, “predict”,“potential”, “target”, “may”, “could”, “would”,“might”, “will” and similar words or phrases (includingnegative variations) suggesting future outcomes or statementsregarding an outlook. Such forward-looking statements are based on anumber of material factors and assumptions and involve known andunknown risks, uncertainties and other factors which may cause actualresults, performance or achievements, or industry results, to differmaterially from those anticipated in such forward-looking information.You are cautioned not to place undue reliance on forward-lookingstatements contained in this press release. Some of the known risksand other factors which could cause actual results to differmaterially from those expressed in the forward-looking statements aredescribed in the sections entitled “Risk Factors” in Allegiant’sListing Application, dated January 24, 2018, as filed with the TSXVenture Exchange and available on SEDAR under Allegiant’s profile atwww.sedar.com. Actual results and future events could differmaterially from those anticipated in such statements. Allegiantundertakes no obligation to update or revise any forward-lookingstatements included in this press release if these beliefs, estimatesand opinions or other circumstances should change, except as otherwiserequired by applicable law.
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