Carolina Rush Expands Jefferson Project Adjacent to Brewer

Carolina Rush Corporation (RUSH) has executed nine new mineral lease agreements covering 2,524 acres adjacent to the west and northwest of its Brewer Gold-Copper Project. The acquisition creates a contiguous 3,480-acre land package that combines the 100%-owned Jefferson Project, now totaling 2,568 acres, with the 912-acre Brewer Project.

The expansion is described as highly capital-efficient, with eight of the nine new Jefferson leases requiring no annual payments for the first 10 years. Two lease agreements carry annual payments but no royalty, while all other agreements include a future production royalty. No securities were issued and no finder fees were paid in connection with the transactions.

The strategic rationale centers on recent drilling at Brewer, which reinforces targeting for deeper porphyry copper-gold and near-surface epithermal gold areas to the west and northwest. It remains undetermined if mineralization from Brewer extends onto the newly acquired Jefferson property. CEO Layton Croft characterized the move as a disciplined expansion that strengthens long-term exposure to district-scale opportunities while preserving capital.

Carolina Rush Corporation (RUSH) has expanded its land holdings as part of its ongoing district exploration strategy. This move aligns with the geological model established during the Q1 2026 deep drill program, which identified vectors toward an untested porphyry core to the northwest. The capital structure of the leases includes 10-year payment holidays on eight or nine leases, a arrangement designed to minimize near-term cash burn and allow management to allocate working capital toward future drilling or surface programs.

The announcement does not introduce new resource estimates, financing, or partnership changes. It is considered an expected development given prior drilling results and the active OceanaGold earn-in agreement.

Carolina Rush Corporation is a junior exploration company focused on the Brewer Gold-Copper Project in Jefferson, South Carolina, USA. The project is located approximately 13 kilometers from OceanaGold's producing Haile Gold Mine, providing direct geological context and potential infrastructure synergies.

The exploration model interprets Brewer as a structurally tilted (20–30 degrees northwest) magmatic-hydrothermal system. Near-surface gold-copper mineralization is viewed as the high-level expression of a larger system, with a potential porphyry copper-gold source targeted at depth.

A maiden mineral resource estimate (NI 43-101, effective March 20, 2025) reports 192,000 ounces of indicated gold and 16.7 million pounds of copper, alongside 210,000 ounces of inferred gold and 8.3 million pounds of copper. Historical production from 1987–1995 yielded approximately 178,000 ounces of gold via heap leach technology.