Rush Gold Corp. (CSE: RGN, FSE: B6H), a Canadian mineral exploration company focused on Nevada's Walker Lane Trend, has issued a combined corporate and exploration update announcing the appointment of Andy Tudor as Chairman, the closing of a second private placement tranche for gross proceeds of $1,030,500, and the acquisition of two additional Nevada projects through the purchase of Landy Investments Ltd. The company now holds four Walker Lane exploration projects prospective for gold, silver, copper, and antimony, with systematic exploration programs currently being planned across the portfolio.

Key Points

  • Rush Gold Corp. (CSE: RGN, FSE: B6H) is a Vancouver-based mineral exploration company operating in Nevada, USA
  • The company closed a second non-brokered private placement tranche, issuing 10,305,000 shares for gross proceeds of $1,030,500
  • Acquisition of Landy Investments Ltd. adds Hollow North-South (copper/gold) and Douglas Canyon (gold/antimony) projects to the existing Skylight and Legal Tender properties
  • Investors may watch for exploration program launch milestones including geological mapping, geochemical sampling, geophysics, and drill testing across the four Nevada projects

Andy Tudor Named Chairman as Rush Gold Strengthens Board Depth

Rush Gold has appointed Andy Tudor as Chairman of the company. The release describes Tudor as a geologist and mining executive with over 40 years of industry experience across mineral exploration and mining. The company also disclosed that effective 28 September 2026, Inez Ho resigned as Corporate Secretary while retaining her role as CFO, with Paulette Pears appointed Corporate Secretary on the same date. As of 30 September 2026, the company reported unaudited cash on hand of CAD$706,836, with 53,199,050 shares outstanding.

Walker Lane Portfolio Grows to Four Projects Following Landy Investments Acquisition

Through the acquisition of Landy Investments Ltd., Rush Gold has added the Hollow North-South project, located 15 kilometres east of Yerington in Nevada's established Yerington Copper District, and the Douglas Canyon project, situated 80 kilometres northwest of Tonopah in the Silver Star Mining District. These complement the existing Skylight and Legal Tender properties, both located approximately 60–62 kilometres northwest of Tonopah. Rush Gold holds an 80% interest in the Hollow North-South project, the release states. Historical rock chip results disclosed for these properties have not been verified by the company.

Skylight and Legal Tender Exploration Results Guide Drill Target Refinement

At the Skylight property, Rush Gold's 2025 rock sampling returned values including 0.23 g/t Au and 4.8 g/t Ag, with ASTER satellite image processing identifying widespread alteration anomalies extending over approximately 1.2 kilometres consistent with a low-sulphidation epithermal system. At the Legal Tender property, Rush's 2025 rock sampling program returned a high of 2,770 g/t Ag and 2.41 g/t Au. The company notes rock samples are selective by nature and are not necessarily representative of broader mineralisation. For both properties, next steps include refining priority drill targets, preparing notices of work for the BLM, and securing an RC drill rig.