(TheNewswire)
Vancouver, BC – TheNewswire - July 9, 2024 – Muzhu MiningLtd. (CSE:MUZU) (“Muzhu” or the “Company”) is pleased to announce that the Company is currently completing a review of the historical work tocompare the historical logging and assaying work performed on drillholes on its 100% owned Sleeping Giant South Property. The objectiveis to compare the historical data with current knowledge of theadjacent Abcourt Mines Ltd Sleeping Giant Gold Mine deposit and focusthe review to find any unsampled zone that could correspond to sulfidemineralization; felsic rocks; porphyritic dikes and chert.
The review so far has determined that multiple zoneswere not previously sampled and could correspond to mineralized zonesof interest for gold exploration. Of particular interest are 26diamond drill holes drilled before 1992 that contain multiple zones ofinterest that have not been sampled including fault zones, veins andshears. Also under review are 18 diamond drill holes and 64 reversecirculation drill holes drilled after 1992.
The review is still ongoing, and the Company is workingon an upcoming exploration program to further expend its geologicalknowledge of the Property as well as to test hypothesis regarding theunsampled historical zones of interest. The historical data will alsobe compared with any discoveries located close by to theProperty.
The Company has obtained full assay results for the twoholes completed in 2023. Hole IPS2-H1 is 102m in length and showedgabbros and andesites. Up to 1% pyrite was found and are associatedwith quartz and calcite veinlets. Chlorite alteration is also present.Pyrrhotite was also found in the drill hole, along with some minorgraphite. No significant gold anomalies were found in thishole.
Hole IPS2-H2 is 102m in depth and showed gabbros andandesites associated with chlorite alteration and pervasive epidotealteration. Quartz-calcite veinlets were found along cores, withmineralization up to 1% in pyrite, along with chalcopyrite. Nosignificant gold anomalies were found in this hole.
Methodology:
All drill core samples were collected under thesupervision of SL Exploration Inc. employees. Drill core wastransported from the drill platform to the logging facility where itwas logged, photographed, and attributed a serialized number. Onlycore samples with mineralization were sampled, with an interval of 0.3m to 1.5 m. The sample bags are prepared under the supervision ofemployees of SL Exploration Inc. Blanks and certified referencematerials were inserted at regular intervals in the sequence ofsamples. 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 wereprepared 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 Aupackage from Agat Laboratories, which consists in AAS pyro analysisassay. Only gold is analyzed in this package. At least 30g of materialis needed.
Base metal and other elements in core sample areassayed using 201-070 package from Agat Laboratories, which consistsin 4 acid digestion with ICP-OES finish. A suite of 43 elements were analysed. The multi-element packagecontains 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 anaccredited laboratory meeting international standards ISO 9001:2015and ISO/IFC17025:2017 with SCC certification number 15833. It is alsoaccredited by the Canadian Association for Laboratory AccreditationInc. Standard ISO/IFC17025:2017 accreditation No. A3200.
QP and SL Exploration Inc:
Technical information contained in this press releasewas reviewed and approved by Steven Lauzier, P.Geo., who is a memberof the Order of Geologists of Quebec (No. 1430) and a Qualified Personunder National Instrument 43-101 and is responsible for the technicalinformation provided in this news release.
Mr. Lauzier is the president of SL Exploration Inc. acompany that specializes in the management and acquisition of miningclaims in the province of Quebec and is very familiar with Quebec’smining system. Mr. Lauzier has acquired extensive knowledge about theQuebec’s deposits and showings for several commodities, includingindustrial minerals, strategic minerals, as well as base and preciousmetals in the Abitibi GreenstoneBelt .
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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