Carolina Rush to Commence New Drill Program at Brewer Gold-Copper Project
Carolina Rush to Commence New Drill
Program at Brewer Gold-Copper Project
Toronto, Ontario--(Newsfile Corp. - April 24, 2024) -
Carolina Rush Corporation
(TSXV: RUSH)
(OTCQB: PUCCF) ("
Carolina Rush
" or the "
Company
") is pleased to announce a 3,000-meter core
drill program will commence on April 29 at its flagship Brewer Gold-Copper Project in South Carolina.
Layton Croft, President and CEO, stated: "Initial drill targeting will focus on the newly discovered Tanyard
Breccia Zone, south of the former Brewer mine (see Figure 1). To date this zone has been tested with
three holes (see Table 1). The most notable result has been the intersection of 62.5-meters @ 8.5 g/t Au
and 0.3% Cu in hole B23C-021 (
see February 28, 2024 news release
). Within the 62.5-meter interval, a
2.5-meter zone of high-grade gold-telluride mineralization (2.5 m @ 169.0 g/t Au) was identified and will
be the focus of the initial drill holes (see Figure 2)."
Patrick Quigley, Senior Geologist and Exploration Manager, stated: "Three, 25-meter step outs from
hole 21 are planned to determine the geometry and controls on mineralization as well as the relationship
between the gold-telluride zone and the breccia-hosted gold-copper mineralization. Additional drilling will
focus on extending the Tanyard Breccia Zone along strike and down-dip, where the mineralization
appears to correlate with the northern margin of a large chargeability anomaly that has been mapped for
>400 meters along strike."
Figure 1: Plan Map Showing Tanyard Zone and Area Planned for Initial Drilling
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5156/206621_21905817349089d8_003full.jpg
Figure 2: Example of Gold-Telluride Mineralization Encountered in Drill Hole B23C-021 at 171m
Depth. This Sample is From a 1-Meter Interval (170.5-171.5 meters) That Averaged 372.0 g/t Au.
The core sample displays the nature of the gold-tellurides, which occur in quartz veins and as
disseminated grains and patches within intensely altered (quartz-pyrophyllite) volcanic host
rock.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5156/206621_21905817349089d8_004full.jpg
Table 1: Drill Results to Date at the Tanyard Zone
Drill Hole ID
From (m)
To (m)
Interval (m)
Au (g/t)
Cu (%)
B21C-015
44.60
107.00
62.40
1.03
0.15
Incl.
76.50
97.70
21.20
2.23
0.36
B23C-021
55.00
64.50
9.50
0.36
<0.10
76.00
86.50
10.50
0.42
0.16
Incl.
76.00
80.15
4.15
0.66
0.35
111.50
174.00
62.50
8.45
0.28
Incl.
132.70
149.00
16.30
2.83
1.00
And
170.50
173.00
2.50
168.72
<0.10
Incl.
170.50
171.50
1.00
372.00
<0.10
B24C-022
49.00
106.50
56.00
0.70
0.11
Incl.
53.88
80.85
26.97
1.01
0.13
In addition, further to the news release dated
April 3, 2024
, announcing the closing of the brokered
private placement for gross proceeds of $3,227,000, the Company paid the Agents (as such term is
defined in the news release dated April 3, 2024) an aggregate of $218,890 in cash commissions and
issued the Agents an aggregate of 1,094,450 broker warrants (the "
Broker Warrants
"). Each Broker
Warrant entitles the holder thereof to acquire one Common Share (as such term is defined in the news
release dated April 3, 2024) for a period of two years from the Closing Date (as such term is defined in
the news release dated April 3, 2024) at an exercise price equal to the Issue Price (as such term is
defined in the news release dated April 3, 2024).
Quality Assurance and Quality Control Statement
The Company's exploration core drilling programs have utilized HQ and/or NQ sized core. After each drill
run, core was placed in designated core boxes by the drill contractors and was delivered directly to the
Company's field office in Jefferson, SC, located approximately 6 kilometers from the Brewer property, at
the end of each shift.
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 the
assay laboratory 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 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.
Multielement analyses were analyzed with ICP-MS/ICP-AES following a four-acid digestion.
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 web site:
www.TheCarolinaRush.com
and our Twitter feed:
@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, failure to receive final listing
approval of the TSX Venture Exchange, 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.sedarplus.ca
. 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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