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Bullboard - Stock Discussion Forum Carolina Rush Corp V.RUSH

Alternate Symbol(s):  PUCCF

Carolina Rush Corporation is a Canada-based junior exploration company focused on exploring the Carolina Terrane in the southeast United States. The Company’s flagship Brewer Gold-Copper Project is located at the Brewer Gold Mine property, which covers approximately 397 hectares (ha) in Chesterfield County, South Carolina, 17 kilometers (km) along the trend from the producing Haile Gold Mine... see more

TSXV:RUSH - Post Discussion

Carolina Rush Corp > Update From CEO
View:
Post by USCDaniel on Jan 08, 2021 10:09am

Update From CEO

January 4, 2021
Dear Pancon Shareholders and Followers:
Happy New Year!

From the entire Pancon family, we wish you and your family good health, much happiness, and an abundance of success in 2021! We couldn’t be more excited about our flagship Brewer gold-copper project in Chesterfield County, South Carolina. Since the beginning of November, we have drilled about 1,750 meters of diamond drill core out of a 10,000-meter program that is fully funded. Although turnaround times for labs all over North America are unprecedented in terms of how long they are, we have samples and pulps from our first three holes at two labs in the US, and we are patiently awaiting complete assay, geochemistry and spectral analysis results. While results are forthcoming and may still be a while yet, our drill program has proceeded according to plan. Before the holiday break we completed 4 diamond drill holes, including a 600-meter vertical hole through and below the reclaimed former Brewer mine. Starting today, our colleagues at Logan Drilling are preparing hole 5, another vertical hole located 100 meters due north of hole 4, and also through and below the reclaimed former pit. In addition to our primary activity of core drilling, we are working in cooperation with Environmental Risk Transfer to study environmental management and commercial opportunities related to water, sludge and reclaimed sulphide-bearing tailings in the former pit, among other things. It is a privilege to work with such amazing, hard working and dedicated people on an extraordinary project with so much potential on many levels, and in an area with an abundant, under-explored geological endowment, fantastic infrastructure, a highly supportive community, and pro-mining local and state governments.
Sincerely Layton
Comment by USCDaniel on Jan 08, 2021 10:11am
I don't like the math of the drill program.  If they only drilled 1,750, out of a 10,000 meter program in two months (Nov& Dec), this could take awhile!  Hopefully, they will release preliminary resuts as they obtain lab results and give shareholders something to chew on.   I believe in this company and will take the drill program timetable to continue to build shares ...more  
Comment by Inca2020 on Jan 08, 2021 2:58pm
What's wrong with that?   Holliday season.  I don't see the need to rush. Get things done right and within budget.  
Comment by Inca2020 on Jan 08, 2021 3:00pm
Says they're expecting results to start rolling in around end of January.  
Comment by Eyeguy83 on Jan 08, 2021 6:34pm
They're also only drilling 3000m this round. Waiting for assays.  Entering them in to their data base. Re evaluating then drilling again probabaly another 3000m and doing the same then a 3rd round of drilling
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