Carolina Rush regains 100% control of Brewer gold-copper project after OceanaGold exits earn-in deal

Bitget2026/09/21 16:31

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OceanaGold exited an earn-in on the Brewer gold-copper project in South Carolina, returning 100% ownership and operatorship to Carolina Rush.
Exit leaves Carolina Rush with exploration data and drill core from about USD 2 million of partner-funded work; 50% earn-in required USD 8 million.
Phase II plan targets two priority deep holes to test a porphyry copper-gold system; first hole results will guide the second.
2026 deep drilling included Hole 38 copper-gold intervals at 936–1,027 meters; Hole 39 hit 51.15 meters at 0.62 g/t gold, 0.22% copper.
Company expects current working capital to cover the initial Phase II program; further porphyry drilling may require additional financing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Carolina Rush Corporation published the original content used to generate this news brief via Newsfile (Ref. ID: 202609210914NEWSFILECNPR____20260921_315161_1) on September 21, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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路透社•2026/10/05 02:16