Rush Gold Announces Positive Geochemical Sampling Results from Legal Tender and Skylight Properties
VANCOUVER, BC — March 11, 2026 — Leads & Copy —
Rush Gold Corp. (CSE: RGN | OTCQB: RGNCF | FSE: B6H) has announced the results of its 2025 surface rock geochemical sampling at the Legal Tender and Skylight properties.
The Legal Tender and Skylight properties are located approximately 60 kilometers northwest of Tonopah, Nevada, within the Royston Hills Republic Mining District, Nye County. The properties are five kilometers apart.
The 2025 Phase 1 geologic reconnaissance program was designed to advance known gold and silver rock showings and ground truth satellite-derived alteration anomalies, according to the company’s news release dated December 16, 2025. The rock geochemical sample results include the highest-grade silver value returned to date at Legal Tender, as well as the expansion of the Skylight gold trend to 1.2 km.
Of the 94 rock grab samples collected within the Legal Tender (60) and Skylight (34) properties, nine samples returned greater than 0.1 grams-per-tonne (g/t) gold (Au) and up to 2.41 g/t Au (Legal Tender). In addition, nine samples returned greater than 20 g/t silver (Ag) and up to 2,770 g/t Ag (81 ounces/ton at Legal Tender).
Highlights of the surface rock sampling include the highest grade silver assay returned to date at Legal Tender of 2,770 g/t Ag (81 ounces/ton), plus 292 g/t Ag, and 105 g/t Ag, in addition to gold assays of 1 g/t Au and 2.41 g/t Au at the Hyland Target.
Current and historic rock sampling cements the Hyland target as the priority drill target within the Legal Tender Property, with a combined 400 metre northwest trending strike length, exhibiting laterally persistent vein system development exploited by numerous historic exploration pits and inclined shafts.
Widespread anomalous gold and silver values were returned from the Skylight Property over a 1.2 km north-south trend, including 0.23 g/t Au and 4.8 g/t Ag; 0.1 g/t Au and 3.8 g/t Ag; 0.19 g/t Au and 2.7 g/t Ag; and 0.13 g/t Au.
Gold-silver assays within the Skylight Property are associated with elevated arsenic values, and visible hydrothermal clay-kaolinite alteration, quartz veining and brecciated felsic rhyolite volcanic rocks consistent with a high-level low sulphidation epithermal environment.
Rush Gold has received the final WorldView-3 (WV-3) satellite alteration imagery processing report from PhotoSat. The company’s technical team is integrating rock grab assays with surface rock visible and short wave infra-red (VIS-SWIR) hyperspectral TerraSpec® analysis, and WV-3 satellite alteration imagery.
The result of this combined study is expected to expand existing gold silver targets and identify new exploration opportunities for additional ground follow up. A comprehensive review and integration of surface rock and satellite alteration targets is expected to be released in the coming weeks.
According to Anthony Zelen, CEO of Rush Gold, the company has advanced near term drill targets on both the Skylight and Legal Tender properties with the release of the initial rock sample results. Zelen stated that at Legal Tender the company has identified a laterally persistent high grade silver-base metals vein system, which lends itself to potential delineation by surface drilling. At Skylight the assays demonstrate the presence of what the Company believes may be the upper reaches of a widespread gold-primary hydrothermal system. The company will now turn its attention to the drill permitting process and integrating additional results from the WV-3 alteration study.
The company also announced a non-brokered private placement of up to 20 million common shares at a price of CAD$0.10 per share to raise proceeds of up to CAD$2,000,000. Proceeds from the offering are intended to be used for general working capital.
The issuance of securities in connection with this offering will be subject to Canadian Securities Exchange (“CSE”) approval and the securities will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities laws. The company may elect to pay a finder’s fee to eligible finders in connection with applicable securities laws and CSE policies. The offering may close in multiple tranches.
The company also wishes to clarify and correct its news release dated February 26, 2026, regarding the vesting terms of the stock options granted to Momentum Public Relations Inc. The stock options issuable to Momentum PR will vest as to one-quarter every three months from the date of grant. All other terms of the Momentum PR agreement remain as previously disclosed.
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.
Source: Rush Gold Corp.
Share this story:
