Muzhu Reviews Historical Work on Sleeping Giant South
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES
MUZHU REVIEWS ALL SLEEPING GIANT SOUTH DRILLING
COMPARED TO ADJACENT DEPOSITS AND MINE
Vancouver, BC – July 9, 2024 – Muzhu Mining Ltd. (CSE:MUZU) (“Muzhu” or the
“Company”) is pleased to announce that the Company is currently completing a review of the
historical work to compare the historical logging and assaying work performed on drill holes on its
100% owned Sleeping Giant South Property. The objective is to compare the historical data with
current knowledge of the adjacent Abcourt Mines Ltd Sleeping Giant Gold Mine deposit and focus
the review to find any unsampled zone that could correspond to sulfide mineralization; felsic rocks;
porphyritic dikes and chert.
The review so far has determined that multiple zones were not previously sampled and could
correspond to mineralized zones of interest for gold exploration. Of particular interest are 26
diamond drill holes drilled before 1992 that contain multiple zones of interest that have not been
sampled including fault zones, veins and shears. Also under review are 18 diamond drill holes
and 64 reverse circulation drill holes drilled after 1992.
The review is still ongoing, and the Company is working on an upcoming exploration program to
further expend its geological knowledge of the Property as well as to test hypothesis regarding
the unsampled historical zones of interest. The historical data will also be compared with any
discoveries located close by to the Property.
The Company has obtained full assay results for the two holes completed in 2023. Hole IPS2-H1
is 102m in length and show ed gabbros and andesites. Up to 1% pyrite was found and are
associated with quartz and calcite veinlets. Chlorite alteration is also present. Pyrrhotite was also
found in the drill hole, along with some minor graphite. No significant gold anomalies were found
in this hole.
Hole IPS2 -H2 is 102m in depth and show ed gabbros and andesites associated with chlorite
alteration and pervasive epidote alteration. Quartz -calcite veinlets were found along cores, with
mineralization up to 1% in pyrite, along with chalcopyrite. No significant gold anomalies were
found in this hole.
Methodology:
All drill core samples were collected under the supervision of SL Exploration Inc. employees. Drill
core was transported from the drill platform to the logging facility where it was logged,
photographed, and attributed a serialized number. Only core sample s with mineralization were
sampled, with an interval of 0.3 m to 1.5 m. The sample bags are prepared under the supervision
of employees of SL Exploration Inc. Blanks and certified reference materials were inserted at
regular intervals in the sequence of samples. The samples were cut and put in the bags by MNG
Services, located in Val d’Or, Québec. They were then sent to Agat Laboratories.
At the Agat Laboratories, drill core samples were prepared by protocol 200 -001, which consists
in drying, crushing (<5 kg) up to 75% passing 2mm (10 mesh), riffle splitting (250 g) and
pulverizing (mild steel) to 85% passing 75µ.
Gold in core samples is assayed using the 202 -051 Au package from Agat Laboratories, which
consists in AAS pyro analysis assay. Only gold is analyzed in this package. At least 30g of material
is needed.
Base metal and other elements in core sample are assayed using 201-070 package from Agat
Laboratories, which consists in 4 acid digestion with ICP-OES finish. A suite of 43 elements
were analysed. The multi-element package contains Ag, Al, As, Ba, Be, Bi, Ca, Cd, Ce, Co, Cr,
Cu, Fe, Ga, In, K, La, Li, Mg, Mn, Mo, Na, Ni, P , Pb, Rb, S, Sb, Sc, Se, Sn, Sr, Ta, Te, Th, Ti, Tl,
U, V, W, Y , Zn and Zr.
QAQC: Agat Laboratories Ltd is an accredited laboratory meeting international standards ISO
9001:2015 and ISO/IFC17025:2017 with SCC certification number 15833. It is also accredited by
the Canadian Association for Laboratory Accreditation Inc. Standard ISO/IFC1 7025:2017
accreditation No. A3200.
QP and SL Exploration Inc:
Technical information contained in this press release was reviewed and approved by Steven
Lauzier, P.Geo., who is a member of the Order of Geologists of Quebec (No. 1430) and a Qualified
Person under National Instrument 43-101 and is responsible for the technical information provided
in this news release.
Mr. Lauzier is the president of SL Exploration Inc. a company that specializes in the management
and acquisition of mining claims in the province of Quebec and is very familiar with Quebec’s
mining system. Mr. Lauzier has acquired extensive knowledge about the Quebec’s deposits and
showings for several commodities, including industrial minerals, strategic minerals, as well as
base and precious metals in the Abitibi Greenstone Belt.
ON BEHALF OF THE BOARD OF DIRECTORS
Dwayne Yaretz,
CEO
Muzhu Mining Ltd. Phone: 778-709-3398
Email: [email protected]
Website: muzhumining.ca
Muzhu Mining Ltd. is a Canadian publicly traded exploration company with a portfolio of highly
prospective projects at various stages of development. Muzhu currently holds 100% interest in
the Sleeping Giant South Project, located in the Abitibi Greenstone Belt, approximately 75km
South of Matagami, Quebec. As well, Muzhu has executed two option agreements to acquire up
to 80% of the Silver, Zinc, Lead XWG and LMM Properties in the Henan Province located in China.
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as
that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy
of this release.