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VANCOUVER, BC, September 16, 2025
Rush Gold Corp. (“Rush” or the “Company”) (CSE: RGN | FSE: B6H) is pleased to announce it has entered into an option agreement with Silver Range Resources Ltd. (TSX-V: SNG) to acquire a 100% interest in the Legal Tender Property, a historic silver-gold project located 62 km northwest of Tonopah, Nevada.
“The Legal Tender Property provides Rush Gold with additional exploration ground in proximity to our Skylight Project,” says Anthony Zelen, CEO of Rush Gold. “We look forward to advancing work on this historic property as part of our district-scale strategy in Nevada.”
The Legal Tender Property lies approximately 3 km north of Rush Gold’s Skylight Project and covers most of the Republic Mining District, a silver-gold epithermal camp that saw limited production in the early 1900s. Historic workings include the Farris, Hyland and Black Butte Mines, along with several exploration shafts and adits.
Silver and gold mineralization has been reported in vein faults, veins, and breccia bodies along two principal structural trends. Historic sampling by Silver Range has returned assays including 1,875 g/t Ag and 4.94 g/t Au. These results are from selective grab samples and are not necessarily representative of mineralization across the property.
Under the option agreement, Rush Gold may acquire a 100% interest by making escalating cash payments totaling US$200,000 and completing 1,000 metres of drilling over four years. Silver Range will retain a 2.5% NSR royalty, which may be reduced to 1.0% through buyback, and will be entitled to a defined resource payment of US$4 per ounce of gold (or gold-equivalent) on any Measured and Indicated Resources delineated on the property.
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC), Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, who is a director of Rush Gold Corp. and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Raffle has verified the data, which included a review of the sampling, analytical and test methods underlying the data, information and opinions disclosed herein.
About Rush Gold Corp.
Rush Gold is a Canadian mining exploration company focused on advancing its Skylight gold property, located in the Republic Mining District, Nye County, Nevada, in the USA. Rush Gold also holds an option on the Legal Tender property, a historic silver-gold project located 62 kilometers northwest of Tonopah, Nevada.
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Forward-Looking Statements
The information in this news release includes certain information and statements about management’s view of future events, expectations, plans and prospects that constitute forward-looking statements, including statements respecting the potential for delineation of mineralized zones by surface drilling; the Company’s belief regarding the nature of the hydrothermal system at Skylight; the expected outcomes of the combined satellite and rock sample study; the anticipated release of the comprehensive review and integration of surface rock and satellite alteration targets; the Company’s plans for drill permitting; the Company’s plans for its Skylight and Legal Tender properties; the Offering and the intended use of proceeds therefrom; and the vesting terms of the stock options issuable to Momentum PR. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
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