Toronto, Ontario--(Newsfile Corp. - July 13, 2026) - Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) ("Carolina Rush" or the "Company") reports results from Hole B26C-039 ("Hole 39"), the third and final hole of the initial deep drill program at the Brewer Gold-Copper Project in South Carolina, USA, funded under the Company's earn-in agreement with OceanaGold Corporation (TSX: OGC) (NYSE: OGC) ("OceanaGold"). Hole 39 was drilled approximately 400 meters southeast of Hole 37 and collared just west of the former Brewer mine, intersecting significant gold-copper mineralization and demonstrating lateral continuity of the Brewer epithermal system in a previously untested area.
Hole 39 completes the initial three-hole deep porphyry exploration drilling campaign at Brewer. In conjunction with Holes 37 and 38, results from Hole 39 support the geologic model of a shallow northwest dipping alteration system and strengthens the Company's interpretation that the core of the copper-gold porphyry system is located further west-northwest and remains untested by drilling.
Highlights
51 meters grading 0.62 g/t gold ("Au") and 0.22% copper ("Cu") from 214.0 meters, including:
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12 meters grading 1.04 g/t Au and 0.60% Cu from 217.5 meters;
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Au-Cu mineralization encountered in Hole 39 represents a 50-meter step out from the nearest intercept used to calculate the current Mineral Resource Estimate;
Mineralization remains open for expansion and demonstrates continuity of the broader Brewer hydrothermal system;
The result highlights potential opportunities for future resource growth while complementing the Company's ongoing evaluation of deeper exploration targets.
Carolina Rush CEO, Layton Croft, stated: "Hole 39 demonstrates that Brewer continues to offer opportunities for value creation. While recent drilling has advanced our understanding of the deeper hydrothermal system and potential porphyry targets, Hole 39 has intersected a significant gold-copper interval outside the current resource footprint, highlighting an additional opportunity to grow the existing resource. The completion of this initial drill campaign has substantially improved our understanding of Brewer's geological architecture and provides a stronger foundation for evaluating both resource expansion opportunities and deeper exploration targets as the Company advances planning for the next phase of exploration."
Hole 39 Result
Hole 39 was designed to test the southern margin of a large low-resistivity anomaly that was initially targeted in Hole 37 (see May 4, 2026 news release). The hole was collared just west of the former Brewer mine, which enabled it to also test the near surface breccia-hosted mineralization west of Brewer's current mineral resource.