Toronto, Ontario--(Newsfile Corp. - September 6, 2023) - Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) ("Carolina Rush" or the "Company") will commence a 2,000 meter core drilling program during the first week of October at its flagship Brewer gold and copper project in South Carolina. Drilling will focus on expanding mineralization identified during the prior drill program beneath the historic pit, and will follow up on the new discovery south of the former mine as well as new targets.
"The Carolina Rush technical team, led by Exploration Manager and Senior Geologist Patrick Quigley with Senior Technical Advisor Keith Laskowski, have finalized our strategy and plan for follow-up drilling at Brewer," said Layton Croft, Carolina Rush President and CEO. "We intend to build on exceptional results from our initial phase of drilling in 2020-2021 (see video summarizing our drilling to date: https://youtu.be/eeJFrY46X9w?si=tepVYx9xzOxaonBh). Drill targets are based on the evaluation of high quality geological, geochemical and geophysical data."
In addition, the Company is pleased to announce that Mr. Kenneth C. Brown has been appointed a strategic advisor to Carolina Rush. A North Carolina native, Mr. Brown brings relevant entrepreneurial skills, business expertise and local knowledge to the Company's strategic advisory group.
The Company has also granted an aggregate 2,000,000 stock options to purchase common shares (the "Common Shares") in the capital of the Company, exercisable at a price of $0.20 per Common Share for a period of five (5) years, to certain officers, directors, and consultants of the Company. The Common Shares issuable upon exercise of the options are subject to a four-month hold period from the original date of grant.
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 project is the 396.6 hectare past-producing Brewer Gold Mine Property, located 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 & CEO
or
Jeanny So, Corporate Communications Manager
E: info@thecarolinarush.com
T: +1.647.202.0994
For additional information please visit our new website at http://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, 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.
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