Carolina Rush Expands Tanyard Breccia with
Carolina Rush Expands Tanyard Breccia with
Three Holes Including 50.0 m @ 1.0 g/t Au
Including 11.2 m @ 1.8 g/t Au
Toronto, Ontario--(Newsfile Corp. - July 30, 2024) - Carolina Rush Corporation (TSXV: RUSH) (OTCQB:
PUCCF) ("Carolina Rush," "Rush" or the "Company") is pleased to report drill results from three
additional holes of the current 3,000-meter (m) drill program testing the newly discovered Tanyard
Breccia Zone at the historic Brewer Gold Mine, South Carolina.
Seven holes totalling 1,381 m have been
completed and additional results from two holes are pending.
All holes have targeted the Tanyard
Breccia Zone, following up on successful hole
B23C-021 which intersected 62.5 m @ 8.5 g/t Au
,
announced on
February 26, 2024
.
The current drill program has tested the breccia along approximately
250 m of strike and from 50 to 150 meters below surface (see Figures 1 and 2 below).
Highlights:
B24C-028:
50.0 m @ 1.0 g/t Au from 106.5 meters
Including:
11.2 m @ 1.8 g/t Au from 132.0 meters
B24C-029:
53.0 m @ 0.47 g/t Au from 80.55 meters
Including:
11.0 m @ 1.06 g/t Au from 109.0 meters
B24C-030:
35.5 m @ 0.30 g/t Au from 67.5 meters
Drill hole
B24C-028
was drilled to a depth of 226.0 meters at an angle of -65°, stepping out about 25
meters west of drill hole 021.
The drill hole intersected broad zones of mineralized breccia, confirming
the continuation of the Tanyard Zone.
Drill hole
B24C-029
was drilled to a depth of 167.3 meters at an angle of -60°, stepping out about 50
meters to the west of drill hole 021.
The hole encountered similar geology, alteration and mineralization
typical of the Tanyard Zone.
Drill hole
B24C-030
was drilled to a depth of 163.0 meters at an angle of -60°, stepping out about 75
meters to the east of drill hole 021.
The hole encountered similar geology, alteration and mineralization
typical of the Tanyard Zone but lower grade.
Geology:
Assay results are consistent with drill core observations and confirm the presence of a broad
mineralized zone that includes higher concentrations of gold and copper associated with highly silicified,
pyritic breccia.
Geology, alteration mapping, and induced polarization (IP) results indicate that the
Brewer and Tanyard breccias are part of a large, +2.0 km diameter diatreme breccia complex, possibly
overlying a copper-gold porphyry system.
Drill results combined with recent studies completed by an independent expert on Porphyry Copper
Deposits has confirmed that the Tanyard sequence of sediments formed in a maar-diatreme setting
above a likely porphyry copper system.
Detailed logging and analysis of results has confirmed a body of
geological evidence including widespread patchy pyrophyllite or "gusano" alteration textures, presence
of B-type veins and elevated levels of molybdenum (see figures 3 and 4 below).
Taken together, these
features provide key vectors into a possible porphyry system that has been tilted to the southeast and
plunges ~30-50 degrees to the north-northwest.
This presents a compelling geologic target at
reasonable depths for exploration and will be incorporated into immediate drill plans.
After completion of hole 32 the Company elected to pause the 3,000m drill program to allow for all assay
results to be received and analyzed.
Results are pending for drill holes 031 & 032 and are expected to
be received by mid-August.
Meanwhile, the Company has engaged Zonge International to plan
additional geophysical studies to help refine drill targeting for both high grade near surface breccia
hosted mineralization and potential primary porphyry copper mineralization below the diatreme.
Figure 1: Tanyard Breccia Zone Drill Hole Locations
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https://images.newsfilecorp.com/files/5156/218136_6f747b6554b82b6f_003full.jpg
Figure 2: Tanyard Zone Inclined Section Looking South
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Figure 3: Drill core from B21C-016 at 227m depth showing distinct patchy pyrophyllite (aka
"gusano") alteration textures
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Figure 4: Drill core from B20C-003 at 369m depth showing Mo-bearing B-type quartz vein
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5156/218136_picture1.jpg
Quality Assurance and Quality Control Statement
The Company's 2023-2024 exploration diamond core drilling was HQ and/or NQ size. The core was
logged and marked for sampling and assaying by geologists contracted by Rush. Samples, typically 1.5
meters in length, were sawn in half using a diamond core saw and one-half of the core was placed in
sample bags and tagged with unique sample numbers, while the remaining half was kept in the core box
for storage. Each bagged core sample was shipped to ALS Laboratory in Twin Falls, ID where it was
dried, crushed and pulverized to >80% passing -200 mesh. Gold was analyzed by fire assay (30 g) with
an AA (atomic absorption) finish (method Au-AA23) with detection limits of 0.005 g/t gold. Samples
containing greater than 10.0 g/t gold are analyzed by fire assay with a gravimetric finish (method Au-
GRA21). Multielement analyses were analyzed with ICP-MS following a four-acid digestion (method ME-
MS61) and samples containing >1.0% copper are analyzed via method Cu-OG62. Strict sampling and
QA/QC protocols are followed, and assay integrity is monitored internally with a quality control program
including the insertion of gold standards and blanks in the sample stream on a regular basis.
Qualified Person
The technical information in this news release has been prepared in accordance with Canadian
regulatory requirements as set out in NI 43-101 and reviewed and approved by Patrick Quigley, MSc,
CPG-12116, a Qualified Person as defined by NI 43-101.
About Carolina Rush
Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) is exploring the Carolina Terrane in the
southeastern USA. Its flagship Brewer Gold-Copper Project is located at the past-producing, 397-
hectare Brewer Gold Mine property in Chesterfield County, South Carolina, 17 kilometers along trend
from the producing Haile Gold Mine. In January 2023, the Company signed exclusive mineral exploration
lease and purchase option agreements for both the 246.6-hectare New Sawyer Gold Mine Property and
the 54.6-hectare Sawyer Gold Mine Property, both located on the Sawyer Gold Trend and in Randolph
County, North Carolina.
For further information, please contact:
Layton Croft, President and CEO
or
Jeanny So, Corporate Communications Manager
E:
T: +1.647.202.0994
For additional information please visit our new website at
http://www.TheCarolinaRush.com/
and our X
feed:
https://twitter.com/TheCarolinaRush
.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
This news release contains forward-looking information which is not comprised of historical facts.
Forward-looking information is characterized by words such as "plan", "expect", "project", "intend",
"believe", "anticipate", "estimate" and other similar words, or statements that certain events or
conditions "may" or "will" occur. Forward-looking information involves risks, uncertainties and other
factors that could cause actual events, results, and opportunities to differ materially from those
expressed or implied by such forward-looking information. Factors that could cause actual results to
differ materially from such forward-looking information include, but are not limited to, changes in the
state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required
regulatory or governmental approvals, and other risks involved in the mineral exploration and
development industry, including those risks set out in the Company's management's discussion and
analysis as filed under the Company's profile at
www.sedar.com
. Forward-looking information in this
news release is based on the opinions and assumptions of management considered reasonable as of
the date hereof, including that all necessary governmental and regulatory approvals will be received
as and when expected. Although the Company believes that the assumptions and factors used in
preparing the forward-looking information in this news release are reasonable, undue reliance should
not be placed on such information. The Company disclaims any intention or obligation to update or
revise any forward-looking information, other than as required by applicable securities laws.
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