Toronto, Ontario--(Newsfile Corp. - February 18, 2025) - Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) ("Carolina Rush," "Rush" or the "Company") is pleased to provide an exploration update for its flagship Brewer Gold-Copper Project in Chesterfield County, South Carolina, USA.
Highlights:
2025 Strategic Focus: Advance exploration of Brewer's deep porphyry potential.
Q1 2025:
Publish maiden Brewer NI 43-101 Technical Report and Mineral Resource Estimate.
Conduct inaugural deep-sensing geophysical survey to map lithology and identify potential geological structures and mineralization down to at least 1 km below surface.
Q2 2025:
Develop deep drill targets to test for porphyry copper-gold mineralization.
Ongoing:
Engage potential strategic partners for a large-scale deep drill program.
Evaluate Brewer's critical mineral potential, specifically for tellurium, gallium, bismuth, tin, antimony and arsenic.
Meet at PDAC: Visit RUSH at booth #2440 at PDAC in Toronto this March 2-5.
Carolina Rush President and CEO Layton Croft stated: "In 2024 we reported 8 of our 15 best Brewer drill results, all of which end less than 270 meters below surface (see Table 1). In 2025 we are sharpening our focus on Brewer's deeper porphyry copper-gold potential. We will soon conduct a deep-sensing IP and MT geophysical survey that will produce useful data to at least 1,000 meters below surface, guiding our deep drilling strategy. Our goal is to determine whether Brewer hosts a porphyry deposit, and if it does, to then assess its mineralization and evaluate its scale. Unlocking Brewer's porphyry potential is the best way to drive long-term shareholder value. In alignment with this strategy, we will soon drop our Sawyer and New Sawyer exploration projects in North Carolina."
In March, RUSH will complete its maiden Brewer Mineral Resource Estimate and Technical Report compliant with the Canadian Securities Administrators National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). The Company retained the consulting services of independent geologist and Qualified Person (QP) Mr. P.J. Hollenbeck, CPG, MBA to contribute to the NI 43-101 report.
Brewer Deep-Sensing Geophysical Survey
Carolina Rush has contracted Zonge International Geophysical Services (Zonge) to conduct both a direct current induced polarization (IP)/Resistivity and magnetotelluric (MT) deep-sensing geophysical survey at Brewer (see Figure 1). The survey will commence on February 24, with interim results expected in March and final results in April. The IP/Resistivity and MT survey is expected to generate high resolution resistivity down to 1,500-meter depths and chargeability imaging down to 750-meter depths.
Survey Objectives:
Lithological mapping: different rock types exhibit varying electrical resistivity properties, and the IP/Resistivity and MT surveys can help distinguish between lithological units and create detailed geological maps.
Identify geological structures: IP/Resistivity and MT surveys can help identify variations in subsurface resistivity and chargeability, which can be indicative of different geological structures such as faults, fractures or mineralized zones.
Delineate mineralization: the resistivity and chargeability contrast between mineralized and non-mineralized rocks can be captured by IP/Resistivity and MT surveys, enabling the identification and delineation of mineralized zones.
Figure 1. Planned Zonge IP/Resistivity and MT Brewer Survey Grid
The U.S. Government's latest critical minerals list includes six found at Brewer - tellurium, gallium, bismuth, tin, antimony, and arsenic - alongside gold and copper (see: https://www.usgs.gov/news/national-news-release/us-geological-survey-releases-2022-list-critical-minerals). Based on its more than 8,000 high-quality geochemical analyses, RUSH believes these six critical elements are present in elevated concentrations at Brewer. The Company plans to further assess their significance, as well as evaluating potential collaboration with government and private sector entities to better understand Brewer's critical mineral potential.
RUSH at PDAC 2025
Please come visit with RUSH President and CEO Layton Croft, Senior Geologist and Exploration Manager Patrick Quigley, and Corporate Communications Manager Jeanny So at the upcoming Prospectors & Developers Association of Canada (PDAC) conference from March 2-5, 2025 at the Metro Toronto Convention Centre in downtown Toronto. Visit RUSH at booth #2440.
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, the Company's Senior Geologist and Exploration Manager and 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.
For further information, please contact:
Layton Croft, President and CEO or Jeanny So, Corporate Communications Manager E: info@thecarolinarush.com T: +1.647.202.0994
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.
