Carolina Rush regains 100% control of Brewer gold-copper project after OceanaGold exits earn-in deal
Bitget2026/09/21 16:31- 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.
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