Carolina Rush Corporation · TSXV:RUSH
Carolina Rush — Investor Presentation (February 2025)
23 slides from Carolina Rush's investor presentation, February 2025
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 – February 2025 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: Brewer Gold and Copper Project
BREWER GOLD AND COPPER PROJECT A past-producing gold mine in Chesterfield County, South Carolina 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 • expanded target from IP surv
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: Brewer Gold-Copper Project Location
BREWER GOLD-COPPER PROJECT LOCATION Haile (5Moz) Golden Triangle (BC) Ridgeway (1.5Moz) Brewer Same Scale Mine 100km TSXV: RUSH | OTCQB: PUCCF 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 Drill From To Interval Au Cu RANK Au GxT Hole (m) (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 B24C-036 63.20 269.50 206.30 0.66 <0.1 136 4 B21C-008 52.00 158.50 106.50 1.07 0.26 114 5 B20C-004 6
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: PUCCF 11
Slide 12: Breccia Hosted Gold-Copper Deposit
BRECCIA HOSTED GOLD-COPPER DEPOSIT Vertical Cross Section – Looking West TSXV: RUSH | OTCQB: PUCCF 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-034: 145 - 148m 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: PUCCF 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 Drill Hole To (m) Interval (m) Au (g/t) Cu (%) (m) 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: PUCCF 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: PUCCF B21C-016: 223m. Chalcopyrite + Bornite 18
Slide 19: Brewer's Next Steps
BREWER’S NEXT STEPS Strategic Advancements • Fully funded 3,000 m drill program completed in Q4-2024 resulted in: • Extended the Tanyard Breccia Zone 75 meters down dip with Zone remaining open for expansion • Re-entry of hole B21C-016 extended the vertical hole (16x) to approx. 650m total depth, re
Slide 20: Capital Structure
CAPITAL STRUCTURE TSXV: RUSH | OTCQB: PUCCF Capital Structure (as of February 18, 2024) Share Price: $0.075 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: $0.29 - $0.04 High N
Slide 21: 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 22: 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 23: For More Information
TSXV: RUSH | OTCQB: PUCCF FOR MORE INFORMATION: Layton Croft, President & CEO layton@thecarolinarush.com Patrick Quigley, Exploration Manager & Senior Geologist pquigley@thecarolinarush.com Jeanny So, Corporate Communications Manager info@thecarolinarush.com 23
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