Carolina Rush Expands Jefferson Project Adjacent to Brewer
Rhea-AI Summary
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.
Positive
- Nine new mineral leases adding 2,524 acres to Jefferson Project, now part of a 3,480-acre contiguous land package with Brewer
- Eight of ten Jefferson leases have no annual lease payments for the first 10 years
- All ten Jefferson leases grant exclusive mineral exploration and property purchase rights to Carolina Rush
- No securities or finder fees were issued or paid in connection with the Jefferson Project leases
- Brewer indicated resource 6.2 Mt at 0.97 g/t Au and 0.12% Cu, containing 192,000 oz Au and 16.7 Mlb Cu
- Brewer inferred resources total 20.7 Mt (including backfill) with 349,000 oz Au and 18.0 Mlb Cu
- US$20 million earn-in agreement on Brewer with OceanaGold supports ongoing exploration funding
Negative
- There is insufficient exploration to determine whether mineralization identified at Brewer extends onto the Jefferson Project
- Two Jefferson leases require ongoing annual lease payments and do not include production royalties
AI-generated analysis. How Rhea-AI works. Not financial advice.
Toronto, Ontario--(Newsfile Corp. - August 11, 2026) - Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) (the "Company") has executed nine new mineral lease agreements for 2,524 acres adjacent to the west and northwest of the Brewer Gold-Copper Project in Chesterfield County, South Carolina. Since 2016, the Company has leased land outside the Brewer property, referred to as the Jefferson Project, which is
Highlights
- Nine new mineral leases for a total of 2,524 acres have been secured to expand the
100% -owned Jefferson Project adjacent to the west and northwest of the Brewer property; - The Jefferson and Brewer projects now form a contiguous land package covering 3,480 acres;
- Eight of the nine new Jefferson Project leases require no annual lease payments for the first 10 years;
- Recent drill results and independent geological review reinforce the importance of evaluating the Brewer gold-copper system further northwest and down-dip; and
- The expanded land position provides room to assess deeper porphyry copper-gold targets and additional near-surface epithermal gold targets.
Carolina Rush President and CEO Layton Croft stated: "Recent drilling at Brewer materially improved our understanding of the gold-copper system and reinforced the importance of western-northwestern targeting. Securing 2,500 additional acres gives Carolina Rush a much larger land position while preserving capital for exploration. More than
Figure 1. The Expanded Combined Brewer Project-Jefferson Project Land Position
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About the Jefferson Project
Carolina Rush has maintained its
All ten Jefferson Project agreements provide Carolina Rush with exclusive mineral exploration and property purchase rights, subject to their respective terms. In all cases, the property purchase price excludes consideration of any mineral resource potential. Eight of the ten leases have no annual lease payments during the first 10 years and include a future production royalty. Two lease agreements have annual lease payments and no royalty.
The expanded Jefferson land position allows the Company to incorporate a substantially larger area into its district-scale geological interpretation and assess prospective areas for porphyry copper-gold and near surface epithermal gold targets. There has not yet been sufficient exploration to determine whether mineralization identified at Brewer extends onto Jefferson.
About the Brewer Gold-Copper Project
The Brewer Gold-Copper Project consists of two land parcels for a total of 912 acres, located in Chesterfield County, South Carolina. Brewer was historically operated as an open-pit oxide gold mine. It produced approximately 178,000 ounces of gold before mining ended in the mid-1990s. Carolina Rush's exploration since 2020 has identified a large and complex magmatic-hydrothermal system below and around the former mine. The Brewer Project contains near-surface gold-copper mineralization and deeper porphyry-style exploration potential.
The Company recently completed an initial three-hole deep drilling program at Brewer. For drill results and analysis see the Company's news releases of May 4, 2026, June 25, 2026, and July 13, 2026.
The Company's 2025 Brewer maiden Mineral Resource Estimate includes:
- An Indicated mineral resource of 6.2 million tonnes grading 0.97 g/t gold and
0.12% copper, containing 192,000 ounces of gold, together with 16.7 million pounds of copper; - An Inferred mineral resource of 8.8 million tonnes grading 0.74 g/t gold and
0.04% copper, containing 210,000 ounces of gold and 8.3 million pounds of copper; and - An additional Inferred backfill mineral resource of 11. 9 million tonnes grading 0.36 g/t gold and
0.03% copper, containing 139,000 ounces of gold and 9.7 million pounds of copper.
The Mineral Resource Estimate is supported by a Technical Report entitled "NI 43-101 Technical Report and Mineral Resource Estimate - Brewer Project", with an effective date of March 20, 2025. The report is filed on SEDAR+ (www.sedarplus.ca) and available on the Company's website.
Qualified Person
The scientific and technical information in this news release has been reviewed and approved by Patrick Quigley, MSc, CPG, Vice President of Exploration for Carolina Rush and a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
Historical information relating to the former Jefferson Project has been compiled from the Company's records and previous public disclosure. The Qualified Person has reviewed the available historical information but has not independently verified all historical data through current fieldwork.
The historical information is considered relevant for exploration planning. It should not be relied upon as evidence that mineralization identified at Brewer extends onto Jefferson.
About Carolina Rush
Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) is a mineral exploration company focused on the discovery of gold and copper deposits in the southeastern United States. The Company is advancing the Brewer Gold-Copper Project and the adjacent Jefferson Project, in Chesterfield County, South Carolina. Brewer is a large, underexplored hydrothermal system with a near-surface epithermal gold NI 43-101 mineral resource and compelling exploration potential for deeper porphyry copper-gold mineralization. Brewer is currently being explored in partnership with OceanaGold Corporation (TSX: OGC) (NYSE: OGC) under a US
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
For additional information please visit our website at http://www.TheCarolinaRush.com/ and our X feed: https://twitter.com/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 that is not comprised of historical facts. Forward-looking information may include statements regarding the strategic importance and exploration potential of the Jefferson Project; the possible continuation of geological, structural, alteration or mineralized trends from Brewer onto Jefferson; the integration of Jefferson into the Company's geological interpretation; future exploration activities; and the advancement of the Brewer and Jefferson projects. Forward-looking information involves risks, uncertainties and other factors that could cause actual results and events to differ materially from those expressed or implied. These factors include changes in equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, the speculative nature of mineral exploration, uncertainty regarding geological interpretations and other risks described in the Company's management's discussion and analysis filed under its profile at www.sedarplus.ca. 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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