Allegiant Gold Ltd announces that it has acquired the remaining 49.99% interest in the Bolo Gold Project from CopAur Minerals Inc, thereby consolidating 100% ownership of the project.
Under the terms of the agreement, Allegiant will pay a cash consideration and forgive certain debt obligations owed to Allegiant by CopAur for historical advanced royalty and claim maintenance payments. In addition, the existing environmental reclamation bond for the Property will be transferred to Allegiant. Finally, CopAur will deliver a completed NI43-101 technical report on the Property.
Peter Gianulis, CEO of Allegiant Gold, commented: “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 NI 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.”
The Property is located approximately 90 km northeast of Tonopah, Nevada, in a region known for hosting Carlin-type gold systems. Historic drilling has returned multiple zones of oxide gold mineralization at surface and at depth, and the Property benefits from road access, permitting, and numerous targets for further exploration.
The acquisition aligns with Allegiant’s strategy of prioritizing quality assets in mining-friendly jurisdictions with near-term exploration upside and potential for partnerships or future monetization.
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