The Sawyer property contains at least four parallel zones of gold
Carolina Rush Samples 12.0 m @ 3.9 g/t Gold
at Sawyer Gold Mine Within 36.0 m @ 1.9 g/t in
Trench ST23-01
Toronto, Ontario--(Newsfile Corp. - March 18, 2024) -
Carolina Rush Corporation
(TSXV: RUSH)
(OTCQB: PUCCF) ("Carolina Rush", "Rush" or the "Company") is pleased to report assay results from
two exploration trenches that were constructed on Rush's Sawyer Gold Mine property ("Sawyer") in
Randolph County, North Carolina.
The Sawyer property contains at least four parallel zones of gold
mineralization that were mined at various times dating back to 1820.
The area contains 7 vertical shafts
with evidence of prospecting extending along a 2,500-meter trend with extensive pits, dumps, and
trenches. Exploration during the late 1900s included extensive near surface drilling that was used to
produce a historic gold mineral resource estimate in 2021.
The historic gold resource at Sawyer
contains the following based on a 0.4 g/t Au cutoff grade (
see News Release February 1, 2023
):
Measured & Indicated: 2.9 Mt @ 1.1 g/t Au containing 102.1 koz Au
Inferred:
1.0 Mt @ 1.0 g/t Au containing
32.4 koz Au
Two trenches were planned to sample and verify gold mineralization within the historic resource area
and were located about 50 meters apart, excavated perpendicular to the trend of mineralization.
Trench ST23 - 01
was excavated with a track hoe along a northwest azimuth, perpendicular to the trend
of mineralization for a distance of 36.0 meters.
Chip-channel samples were collected on 1.5 meter
continuous intervals and contained gold values up to 10.3 g/t with the following weighted average
concentration:
Trench ID
From (m)
To (m)
Interval (m)
Au (g/t)
ST23-01
0.00
36.0
36.0
1.9
Incl.
12.0
33.0
23.0
2.9
Incl.
18.0
30.0
12.0
3.9
Trench ST23 - 02
was excavated along a similar northwest azimuth, located about 50 m northeast of
ST23-01.
Continuous chip-channel samples were collected on 2.0 meter interval and contained gold
values up to 2.2 g/t with the following weighted average concentration:
Trench ID
From (m)
To (m)
Interval (m)
Au (g/t)
ST23-02
0.00
34.0
34.0
1.1
Incl.
0.0
6.0
6.0
1.8
Incl.
24.0
28.0
4.0
1.7
Sawyer Mine Gold Mineralization
:
Gold mineralization occurs within a northeast-trending shear zone
hosted mainly in sericite-pyrite altered felsic volcanic and volcaniclastic rocks.
Gold is localized within
steeply dipping, folded zones which are the subject of ongoing exploration.
Gold distribution in the
trenches is similar to historic gold values reported from trenches and drill holes.
Importantly, the trenches
demonstrate that gold mineralization is present in the intermediary rocks located between historic high-
grade lodes that were mined by underground and surface methods.
Details about the property are
included below and in the
News Release dated
February 1, 2023
.
Figure 1: Sawyer Trench Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5156/202040_carolinarushfigure1.jpg
Sawyer Trend:
The Sawyer and New Sawyer gold mine properties occur within the Carolina Slate Belt
metallogenic province and are associated with an axial-planar regional shear zone named the Sawyer-
Keystone Trend. An alignment of gold deposits within this structural zone has been traced for more than
20 kilometers.
The Sawyer Mine property is located 4.0 km southwest of Rush's New Sawyer Mine
Property. At both properties, mineralization crops out at surface where it is deeply weathered and
oxidized and remains open for expansion in several areas.
Previously reported verification trench
sampling at New Sawyer has produced similar results to those reported here (
see News Release
January 24, 2023
).
Future Programs:
The Company remains focused on its Brewer Gold Mine exploration program,
focused on delineating breccia-hosted gold-copper mineralization and the discovery of a potential
copper - gold porphyry system beneath the historic Brewer Gold Mine.
Future programs at the Sawyer
Trend will evaluate historic data and expand the near surface gold mineralization areas and evaluate the
regional structural controls on the Sawyer Trend.
Figure 2: Regional Location Map
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5156/202040_fbd8a855840e188e_004full.jpg
Quality Assurance and Quality Control Statement
Trench locations were marked in the field and excavated to the point of refusal, typically removing one to
two meters or less of regolith.
Channel samples were cut through the trench and a tape was laid out and
samples were marked at 1.5-meter (trench ST-23-01) or 2-meter (trench ST-23-02) intervals.
The
samples were chiseled out of the channels and bagged and labeled with a unique sample ID.
The
average sample weight was 5.9 kg.
QAQC protocol consisted of inserting certified reference material
every 10
th
sample and one field duplicate was collected from ST-23-02.
Samples were shipped to ALS
Laboratory in Tuscon, AZ and analyzed for gold using a 30g fire assay with an AA finish (analytical
method "Au-AA23") and trace elements were analyzed via ICP-MS following a 4-acid digestion
(analytical method "ME-MS61").
Gold over limits were determined by a 30g fire assay with a gravimetric
finish for samples containing >10g/t Au.
*The Company cautions that a Qualified Person has not done sufficient work to classify the Historic
Estimate as current mineral resources or mineral reserves under NI 43-101. The Company is not
treating the Historical Estimate as current mineral resources or mineral reserves. There can be no
certainty, following further evaluation and/or exploration work, that the Historic Estimate can be
upgraded or verified as mineral resources or mineral reserves in accordance with NI 43-101. However,
the Company plans to conduct further evaluation and/or exploration work with the objective of verifying
or upgrading the Historic Estimate as mineral resources or mineral reserves in accordance with NI 43-
101.
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.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.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/202040