Carolina Rush Corporation · TSXV:RUSH
Carolina Rush — Investor Presentation (September 2024)
29 slides from Carolina Rush's investor presentation, September 2024
Slide 1: Exploring for Gold and Copper in the Southeast USA
TSXV: RUSH | OTCQB: PUCCF Exploring for Gold and Copper in the Southeast USA Corporate Presentation – September 2024 Cover Photo: Reclaimed Brewer Open Pit/Heap Leach Mine Site, South Carolina, USA
Slide 2: Disclaimer
DISCLAIMER This Presentation is not an offer to buy or sell the securities referenced herein, nor has the Securities and Exchange Commission or any state, provincial or territorial regulatory authority determined if this Presentation is truthful or complete. Any representation to the contrary is a c
Slide 3: Current Projects
CURRENT PROJECTS With Additional Target Development for Exploration & Discovery in the Region 1 BREWER MINE: Epithermal Gold-Copper & Porphyry Target • Historic open pit gold mine: produced +200,000 oz Au • Epithermal gold resource target: • pit floor - ready to drill 2 • expanded target from IP sur
Slide 4: Southeast USA: North America's First Gold District
SOUTHEAST USA: NORTH AMERICA’S FIRST GOLD DISTRICT Carolina Terrane: 10.35 M oz Gold Endowment • Major metallogenic province • Porphyry/epithermal and orogenic gold mineralization • Gold discovered 50 years before California • 1,493 mines and prospects documented Queensway GEOLOGICAL SETTING OF EAST
Slide 5: Carolina Rush Holds Historic Gold Mines
CAROLINA RUSH HOLDS 3 HISTORIC GOLD MINES Sawyer Trend Haile (5Moz) Golden Triangle (BC) Ridgeway (1.5Moz) Brewer Same Scale Mine 100km TSXV: RUSH | OTCQB: PTUUF 5 213 * USGS Professional Paper
Slide 6: Brewer Mine, Next to Haile Mine
BREWER MINE, NEXT TO HAILE MINE Table 1. Brewer Mine Production : 1987 – 1993 Location Ore Tonnes Waste Tonnes Total Tonnes Grade (g/t) Au Oz (calc) Brewer 4,487,441 4,500,617 8,869,699 1.20 173,150 B6 556,929 1,578,809 2,135,738 1.27 22,717 NW Trend 92,268 330,039 433,843 1.06 3,153 TOTALS 5,136,63
Slide 7: Brewer Exploration to Date
BREWER EXPLORATION TO DATE Key Objectives and Achievements #1: EVALUATE POTENTIAL OF BACKFILL MATERIAL • 6 Sonic holes completed (350 m) through backfilled pit • 488 large samples collected from pit backfill material #2: EXTEND GOLD-COPPER MINERALIZATION BELOW FORMER MINE • B21C-005: 181.6m @ 1.24 g
Slide 8: Reclaimed Pits: ~12 Mt of Backfill Material
RECLAIMED PITS: ~ 12 Mt OF BACKFILL MATERIAL Reclaimed Backfill Material (vertical section, looking west) Results of 6-hole Sonic Drilling Program: • 488 large samples collected • Average sample grade: 0.36 g/t Au • “Waste Rock” accounts for ~44% of backfill material with an average sampled grade of
Slide 9: Summary of Best Intersections at Brewer
SUMMARY OF BEST INTERSECTIONS AT BREWER RANK Drill From To (m) Interval Au Cu (%) Au GxT Hole (m) (m) (g/t) 1 B23C-021 111.50 174.00 62.50 8.45 0.28 528 2 B21C-005 56.00 237.60 181.60 1.24 0.27 225 3 B21C-008 52.00 158.50 106.50 1.07 0.26 114 4 B20C-004 66.41 182.00 115.59 0.91 0.17 105 5 B23C-018 1
Slide 10: Higher Grades within Broad Mineralized Zones
Higher Grades within Broad Mineralized Zones Drill Hole From (m) To (m) Interval (m) Au (g/t) Cu (%) B20C-004 66.41 182.00 115.59 0.91 0.17 Incl. 150.50 166.00 15.50 2.35 0.46 Incl. 162.55 166.00 3.45 5.29 1.19 B21C-005 56.00 237.60 181.60 1.24 0.27 Incl. 62.00 137.00 75.00 2.13 0.26 Incl. 64.90 75.
Slide 11: Diatreme Breccia Complex
DIATREME BRECCIA COMPLEX Historic exploration efforts only scratched the surface TSXV: RUSH | OTCQB: PTUUF 11
Slide 12: Breccia Hosted Gold-Copper Deposit
BRECCIA HOSTED GOLD-COPPER DEPOSIT Vertical Cross Section – Looking West TSXV: RUSH | OTCQB: PTUUF 12
Slide 13: Lithology, Mineralization & Alteration
LITHOLOGY, MINERALIZATION & ALTERATION Breccia and Mineralization B21C-005: 165.4 m B21C-008: 120.3 m B21C-008: 104.5 m B21C-008: 67.6 m Multiple episodes of brecciation and Sub-rounded, polyphase, clast-supported, Angular, monolithic, matrix-supported Large, mineralized quartz-porphyry clast within
Slide 14: Tanyard Zone Photos
TANYARD ZONE PHOTOS Examples of Mineralization Encountered in Hole B23C-021 B24C-022: 55 – 57.8m 16m @ 2.8 g/t Au, 1.0% Cu 1m @ 3 g/t Au, 2.5% Cu 1m @ 372 g/t Au TSXV: RUSH | OTCQB: PTUUF 14
Slide 15: Tanyard Breccia Extended with Current Drilling
TANYARD BRECCIA EXTENDED WITH CURRENT DRILLING Recent Drilling Testing the Breccia Along ~ 250m of Strike from 50 – 150 m Below Surface From To Interval Au Cu Drill Hole (m) (m) (m) (g/t) (%) B21C-015 44.60 107.00 62.40 1.03 0.15 Incl. 76.50 97.70 21.20 2.23 0.36 Tanyard Zone Inclined Section Lookin
Slide 16: Brewer Geology: Exploration Model
Porphyry Cu Model BREWER GEOLOGY: EXPLORATION MODEL Cross-Section Diatreme Breccias and Porphyry Target Brewer Level • Lithocap forms prominent topographic high • High-Level diatreme at surface, above porphyry system at depth TSXV: RUSH | OTCQB: PTUUF 16
Slide 17: Porphyry Copper Potential
Surface Map Showing Porphyry Copper Vectors PORPHYRY COPPER POTENTIAL Lithocap and High-Sulfidation Au-Cu Represents the Shallow Parts of a Porphyry System • A review of the Brewer Project provided evidence for the existence of porphyry-type mineralization • A series of geologic and geochemical vect
Slide 18: Porphyry Copper Potential
PORPHYRY COPPER POTENTIAL Indications of deep lithocap environment, approaching epithermal-porphyry transition B21C-016: 227 m. Patchy pyrophyllite “gusano” alteration textures TSXV: RUSH | OTCQB: PTUUF B21C-016: 223m. Chalcopyrite + Bornite 18
Slide 19: Next Steps
NEXT STEPS Geophysics + Drilling • Fully funded 3,000 m drill program underway (~2,000 m drilled as of Sept 1st) • Four additional holes planned to further test the Tanyard Breccia Zone • Re-entry of hole B21C-016 will extend hole to approx. 600m total depth and test for additional porphyry copper i
Slide 20: Next Steps: Regional Opportunities
NEXT STEPS Regional Opportunities • RUSH has identified numerous prospects and Sawyer Trend areas of interest that are available for acquisition • Acquired two former gold mines along the Sawyer Trend in North Carolina • No significant competition in the area despite Haile (5Moz) favorable geology a
Slide 21: Sawyer Trend Properties in Randolph County, NC
SAWYER TREND PROPERTIES IN RANDOLPH COUNTY, NC An Alignment of Gold Deposits Over a +20 km Long Trend New Sawyer Sawyer • Exploring the +20 km Long Sawyer-Keystone Gold Trend • Recently recognized trend of Haile-type historic gold mines • No modern exploration programs completed Possible antiform ax
Slide 22: Sawyer Historic Gold Mine
SAWYER HISTORIC GOLD MINE Randolph County, North Carolina Historic Mineral Resource Estimate (2021)* Aerial Photo of the Sawyer Mine Property at Sawyer Mine: • M&I: 4.3 Mt @ 0.8 g/t Au containing 116,500 oz Au • Inferred: 1.8 Mt @ 0.7 g/t Au containing 40,600 oz Au * Based on 0.2 g/t COG Mineralizat
Slide 23: Sawyer
SAWYER Primary Host: QSP Altered Felsic Recent Verification Trenches of Historic Data Volcanic and Sediment Trench ID From To Interval Au Trench ID From To Interval Au (m) (m) (m) (g/t) (m) (m) (m) (g/t) ST23-01 0 36.0 36.0 1.9 ST23-02 0 34.0 34.0 1.1 Incl. 12.0 33.0 21.0 2.9 Incl. 0 6.0 6.0 1.8 Inc
Slide 24: New Sawyer Gold Mine
NEW SAWYER GOLD MINE Randolph County, North Carolina • Gold was produced from multiple zones hosted in Haile-type sericite-pyrite-clay alteration • Large, structurally controlled alteration zone • 700 m x 200 m gold geochemical anomaly • 12 vertical shafts • The Sawyer & New Sawyer Mines have potent
Slide 25: New Sawyer
NEW SAWYER Verification Trenches of Historic Data Trench NS-1 Trench NS-2 Trench ID From To Interval Au (m) (m) (m) (g/t) NS-01 0 30 30 1.6 Incl. 12 28 16 2.2 NS-02 0 30 30 1.0 Incl. 20 30 10 2.1 Primary Host: QSP Altered Felsic Volcanic Historic Shaft Next To Trench NS-1 TSXV: RUSH | OTCQB: PTUUF 2
Slide 26: Capital Structure
CAPITAL STRUCTURE TSXV: RUSH | OTCQB: PUCCF Capital Structure (as of September 6, 2024) Share Price: $0.095 Insiders, Management, Retail Shares Outstanding: 59,000,122 Advisors & Consultants 29% Warrants: 23,210,931 20% Options: 3,466,000 Fully Diluted: 85,677,053 52 Week Range: $0.04 - $0.29 High N
Slide 27: Management Team
MANAGEMENT TEAM Technical Experience & Seasoned Management LAYTON CROFT – President, CEO & Director PATRICK QUIGLEY, MSc, QP – Exploration Manager & Senior Geologist • Executive with +20 years of global minerals and mining industry experience • Mining geologist with +15 years of professional explora
Slide 28: Technical Experience & Seasoned Governance
TECHNICAL EXPERIENCE & SEASONED GOVERNANCE Board of Directors Strategic Advisors LAYTON CROFT – President, CEO & Director DAVID MOSHER • Executive with +20 years of global minerals and mining industry experience including • Mining geologist and executive with 45+ years of global experience senior ro
Slide 29: For More Information
TSXV: RUSH | OTCQB: PUCCF FOR MORE INFORMATION: Patrick Quigley, Senior Exploration Manager pquigley@thecarolinarush.com Jeanny So, Corporate Communications Manager info@thecarolinarush.com 29
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