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February 29, 2024 – TheNewswire - Vancouver, B.C.; Muzhu Mining Ltd.(CSE:MUZU) (“Muzhu”) ( https://muzhumining.ca/ ) is pleased toannounce completion of a 200m drill program on its Sleeping GiantSouth Property. Two 100m holes were drilled less than 1 km southwestof the adjacent Sleeping Giant Gold Mine and Processing Mill currentlyowned and operated by Abcourt Mines Inc. (TSX.V: ABI). ( https://abcourt.ca )
The two drill targets were located onfavourable anomalies of locally silicified horizon beds enriched indisseminated sulphides identified from an Induced Polarization Surveyconducted on a northwest segment of Muzhu’s Sleeping Giant SouthProperty,
Muzhu holds 100% interest in the Sleeping Giant SouthProperty, located in the Abitibi Greenstone Belt, James Bay, Quebec.The property is adjacent to Abcourt’s Sleeping Giant Gold Mine andless than 1 km southwest of its operating 750 tpd mill. The mill iscurrently processing ore from Abcourt’s properties with announcedplans to process ore from the Sleeping Giant Mine. Abcourt alsoannounced plans to begin definition andexploration drilling in preparation for an updated mineral resourceestimate (MRE), then complete an economic prefeasibility study on theSleeping Giant Mine and Property.
On January 31, 2024 Abcourt announced Sleeping GiantMine drill results from hole 29-266 which produced significant goldintersections of 14.35 g/t over 1.3 m, 15.67 g/t over 3.21 m, 29.29g/t over 0.5 m and a high of 66.92 g/t over 0.5 m, all between depthsof only 54.9 m and 91.5 m.
Dwayne Yaretz, CEO, stated, “Two of Abcourt’shistorical drill holes, next to the property line between Abcourt andMuzhu’s Sleeping Giant South Property, reported greater than 10 g/tgold. These combined findings are significant as they reinforceMuzhu’s expectation and the likelihood that the gold mineralizationtrend on Abcourt’s property could extend onto our property andsupports Muzhu’s plan to continue further exploration to identifyadditional strategic drill targets. The Company will announce theresults from its most recent drill program as they becomeavailable.’’
Qualified Person
Information contained in this press release wasreviewed and approved by Joel Simard, P.Geo., OGQ No. 1350, who is aqualified person as defined under National Instrument 43-101, andresponsible for the technical information provided in this newsrelease.
ON BEHALF OF THE BOARDOF DIRECTORS
Dwayne Yaretz
CEO
Muzhu Mining Ltd.
Phone: 778-709-3398
Email: info@muzhumining.ca
Website: muzhumining.ca
Muzhu Mining Ltd. is a Canadian publiclytraded exploration company with a portfolio of highly prospectiveprojects at various stages of development. Muzhu currently holds 100%interest in the Sleeping Giant South Project, located in the AbitibiGreenstone Belt, approximately 75km South of Matagami, Quebec. Aswell, Muzhu has executed two option agreements to acquire up to 80% ofthe Silver, Zinc, Lead XWG and LMM Properties in the Henan Provincelocated in China.
Neither the Canadian Securities Exchange(the “CSE”) nor its Regulation Services Provider (as that term isdefined in the policies of the CSE) accepts responsibility for theadequacy or accuracy of this release.
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