Carolina Rush Corporation explores the Brewer Gold-Copper Project in South Carolina, a Southeastern U.S. mineral project with near-surface epithermal gold-copper mineralization and deeper porphyry-style exploration potential. Company updates center on drill programs, geologic interpretations, copper and gold assay results, and work conducted under its active earn-in exploration partnership with OceanaGold Corporation.
Other recurring developments include capital-structure and governance actions such as stock option and restricted share unit grants, board appointments, and disclosures tied to Canadian public-company exploration reporting, including technical review under NI 43-101.
Carolina Rush (PUCCF) expanded its Jefferson Gold Project by signing a mineral lease covering approximately 44 acres containing the A1 prospect. The 12-year agreement grants exclusive mineral exploration and property purchase rights and includes annual lease payments and a future production royalty. Jefferson now comprises 11 private mineral leases covering 2,612 acres; the combined Brewer-Jefferson land position covers 3,524 acres.
Historical Pancon drilling included 22.8 meters at 1.27 grams of gold per tonne in JEF-108 and 6.8 meters at 2.13 grams per tonne in JEF-109. Mineralization remains incompletely tested along strike and at depth. Carolina Rush plans to integrate historical drilling with current datasets to reassess A1. Dr. Laurie Curtis is leaving the board and resuming his Senior Advisor role, continuing technical and strategic guidance.
Carolina Rush (PUCCF) regained full ownership and control of the Brewer Gold-Copper Project after OceanaGold terminated its earn-in agreement, leaving Carolina Rush with 100% interest and all data from approximately US$2 million of partner-funded exploration.
OceanaGold ended the deal citing Brewer’s porphyry opportunity being at an earlier exploration stage. Carolina Rush keeps the 3,480-acre contiguous Brewer-Jefferson land position and has defined two priority deep porphyry holes based on 2026 drilling and an independent review by Dr. Richard Sillitoe. Hole 39 intersected 51.15 m grading 0.62 g/t Au and 0.22% Cu, while Brewer’s NI 43-101 resource totals indicated 6.2 Mt at 0.97 g/t Au and 0.12% Cu and inferred 8.8 Mt at 0.74 g/t Au and 0.04% Cu, plus inferred backfill of 11.9 Mt at 0.36 g/t Au and 0.03% Cu. The company states it has sufficient working capital for the planned Phase II porphyry program.
Carolina Rush (OTCQB: PUCCF, TSXV: RUSH) has executed a Sixth Amendment to its Brewer Option Agreement with the Brewer Gold Receiver, changing the estimated Brewer Mine purchase price of approximately US$27 million from a lump sum at closing to 10 equal annual installments.
Payments will begin only if and when new mining operations at Brewer are fully permitted by relevant state and federal authorities. At closing, required financial assurance may be provided using one of five non-cash methods recognized by the U.S. EPA. The Brewer Gold-Copper Project hosts a NI 43-101 mineral resource and is being advanced in partnership with OceanaGold under a US$20 million earn-in agreement, according to Carolina Rush.
Carolina Rush (TSXV: RUSH, OTCQB: PUCCF) has signed nine new mineral lease agreements covering 2,524 acres adjacent to the west and northwest of the Brewer Gold-Copper Project in Chesterfield County, South Carolina. These leases expand the 100%-owned Jefferson Project, which together with Brewer now forms a 3,480-acre contiguous land package.
The Jefferson Project now comprises 10 active mineral leases over 2,568 acres, all granting exclusive exploration and property purchase rights. Eight of the ten leases require no annual lease payments for the first 10 years, though most include future production royalties. No securities were issued and no finder fees were paid.
The release reiterates Brewer’s NI 43‑101 Mineral Resource Estimate, including 192,000 oz indicated and 349,000 oz inferred gold (including backfill) plus associated copper, and notes Brewer is being explored under a US$20 million earn‑in agreement with OceanaGold. The company cautions that there has not yet been sufficient exploration to determine whether Brewer mineralization extends onto Jefferson.
Carolina Rush (OTCQB: PUCCF, TSXV: RUSH) received TSX Venture Exchange approval to extend the expiry of 7,452,468 common share purchase warrants. The warrants, issued from an August 15, 2023 brokered private placement of 14,904,936 units at $0.15 per unit, have an exercise price of $0.20 per share.
According to the company, a supplemental warrant indenture amends the warrant expiry from August 15, 2026 to August 15, 2027, with all other terms unchanged. Carolina Rush continues to advance its Brewer Gold-Copper Project in South Carolina under a US$20 million earn-in agreement with OceanaGold.
Carolina Rush (OTCQB: PUCCF; TSXV: RUSH) appointed Patrick Quigley as Vice President of Exploration, effective immediately. According to the company, Quigley is a Qualified Person with 18 years of experience across the U.S. and Latin America and has led exploration since 2022.
On July 9, 2026, Carolina Rush granted 1,035,000 restricted share units and 1,075,000 stock options to directors, officers, employees and consultants. RSUs vest in three equal annual tranches. Options are exercisable at $0.16 for three years, with resulting shares subject to a four‑month hold. The company also plans, subject to TSX Venture Exchange approval, to extend the expiry of 7,624,468 warrants issued in August 2023, moving their expiry from August 15, 2026 to August 15, 2027 at an exercise price of $0.20 per share, with all other terms unchanged.
Carolina Rush (OTCQB: PUCCF, TSXV: RUSH) reported final results from Hole B26C-039, the third and last hole of its initial deep drill program at the Brewer Gold-Copper Project in South Carolina, funded under an earn-in agreement with OceanaGold. Hole 39, collared just west of the former Brewer mine, returned 51.15 meters grading 0.62 g/t gold and 0.22% copper from 214.0 meters, including 12.12 meters grading 1.04 g/t gold and 0.60% copper from 217.5 meters.
The intercept, hosted in diatreme breccia with chalcocite-bearing hydrothermal alteration, lies about 50 meters beyond the nearest hole used in the March 20, 2025 NI 43-101 Mineral Resource Estimate, indicating mineralization remains open outside the current resource footprint. Together with earlier Holes 37 and 38, the program has outlined a shallow northwest-dipping alteration system, identified deep hydrothermal and porphyry-style features, and supports the interpretation that the core copper-gold porphyry target may lie further west-northwest and is still untested. The company will now integrate geological and geochemical data to prioritize potential follow-up drilling, which remains subject to OceanaGold’s earn-in funding commitments.
Carolina Rush (OTCQB: PUCCF) reported deep drill results from Hole 38 at the Brewer gold-copper project in South Carolina, under an earn-in with OceanaGold. The hole is the first at Brewer to intersect copper-gold mineralization below the lithocap, extending the alteration system to over 1 km depth and supporting interpretation of a tilted porphyry copper-gold system whose higher-temperature core remains untested to the northwest.
Carolina Rush (OTCQB: PUCCF, TSXV: RUSH) announced that shareholders approved all resolutions at the June 4, 2026 annual general and special meeting.
Approvals included electing five directors, appointing auditors, and adopting an omnibus long-term incentive plan, adding four independent directors with mining, capital markets, and governance experience.
BTV - Business Television will air a special feature on BNN Bloomberg national on Wednesday, May 27 at 7:30 PM EST and Saturday, May 30 at 8 PM EST. The show profiles Calian Group, NevGold, Verdera Energy, Jindalee Lithium/US Elemental, Titan Mining (NYSE American: TII), BMO ETFs, Carolina Rush, and Evolve Royalties, focusing on critical minerals, energy security, defense technologies, and diversified ETF investment strategies.