Carolina Rush (TSXV:RUSH) Provides Update on Brewer Gold-Copper Project Drilling in South Carolina

Figure 1: Plan Map Showing Location of All 8 Drill Holes of the 2023-24 Program. Source: Carolina Rush

Carolina Rush (TSXV:RUSH) has provided new results from its recent drilling program at the Brewer Gold-Copper Project in Chesterfield County, South Carolina. The program, conducted between October 2023 and January 2024, consisted of eight core holes totalling 2,022 meters.

Layton Croft, President and CEO, commented in a press release: “Our recent drill program had three objectives: i) To define and extend the mineralization beneath the former Brewer gold mine; ii) To follow up on newly discovered mineralization in the southern Tanyard zone; and iii) To test a geophysical target ~350 meters west of the former mine. We achieved all three objectives and implemented the program as planned, which gives us useful new insights into the geometry and controls of Brewer’s gold-copper mineralization. Results have been received and reported for the first 3 holes. Initial visuals on pending holes are promising, and we anticipate more results in coming weeks.”

The most recent holes – numbered 18, 19 and 20 – accounted for 941 meters of the total program. These holes were directed eastward, testing the extension of the breccia-hosted gold and copper mineralization below the former Brewer open pit mine. Assay results from these holes have now been received and released by the company.

Four additional holes – numbered 21, 22, 23 and 25 – were drilled south of the former Brewer mine at the Tanyard target area. These holes totalled 809 meters in length. Samples from holes 21 and 22 have now been submitted for analysis at ALS Laboratories, while samples from 23, 24 and 25 are still being processed and prepared for shipment to the lab. Final assay results from all outstanding holes are expected within 4 to 5 weeks.

Carolina Rush also drilled one vertical hole (number 24), located approximately 350 meters west of the former Brewer mine. This hole was targeting a large geophysical anomaly identified through prior surveys.

The Brewer Project is located on a 397-hectare former mine property, just 17 kilometres from the operating Haile Gold Mine along the same mineralized trend. Carolina Rush Corporation holds exclusive rights to explore, lease and purchase the Brewer property. The company also recently signed agreements to explore historic gold mine sites in Randolph County, North Carolina.

Patrick Quigley, Senior Geologist and Exploration Manager, also commented: “Hole 21 was the first hole following up on Hole 15, the new southern gold-copper zone we discovered in 2021 (62.40 meters @ 1.03 g/t Au and 0.15% Cu from 44.60 meters). The photos below in Figure 3 highlight characteristics of the mineralized breccia in Hole 21, including intense sulfide replacement and notable concentrations of copper sulfides, which are very encouraging. This newly discovered southern Tanyard zone is located near surface and near the former mine, providing further testament to how under-explored the Brewer property is. We still have a lot to learn about this new zone, and we believe there is a lot of potential in this overlooked area.”

Highlights from the results are as follows:
  • Holes 18, 19 and 20 (941 meters) were drilled under the former mine area (see January 4, 2024 news release for Hole 18 and Hole 19 results)
    • Hole 20 (B23C-020) intersected 65.95 meters of 0.50 g/t Au, including 29.5 meters of 0.79 g/t Au and 11.98 meters of 1.38 g/t Au and 0.11% Cu, from 163.5 meters depth, extending the mineralized breccia 75 meters below the former mine in this area (see Table 1 for complete results).
  • Holes 21, 22, 23 and 25 (809 meters) were drilled south of the former mine, in the Tanyard zone, following up on a new zone of gold-copper mineralization (Hole 15) discovered by Rush in 2021.
    • All four holes encountered strongly altered and locally mineralized lithologies that demonstrate the prospectivity of the Tanyard target area.
    • Most notably, Hole 21 (B23C-021) intersected a ~30-meter interval of breccia-hosted mineralization from 130 meters depth, including a 9-meter-wide zone of massive sulfides, and the presence of copper sulfides (see photos in Figure 3).
  • Assays for Holes 21, 22, 23, 24 and 25 are pending. Samples have been and will be submitted to ALS’s sample preparation laboratory in Twin Falls, ID, and results of gold and multi-element analyses are expected from mid-February onward.

Table 1: Results for Hole 20

Hole ID From (m) To (m) Interval (m) Au (g/t) Cu (%)
B23C-020 98.86 113.30 14.44 0.41 <0.10
Incl. 99.86 105.00 5.14 0.67 0.11
And 163.50 229.45 65.95 0.50 <0.10
Incl. 171.00 200.50 29.50 0.79 <0.10
Incl. 188.52 200.50 11.98 1.38 0.11

 

 

 

Figure 2: Hole 20 Cross Section. Source: Carolina Rush

 

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. With a degree in finance and economics from the University of Toronto, I've contributed to a wide range of industry publications. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

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