PROJECTS
Sleeping Giant South
Quebec, Canada
Located on the Abitibi Quebec Greenstone Belt
The Property is located in the Nord-du-Quebec area.
Location and Infrastructure: Abitibi Greenstone Belt
- 100% Ownership Sleeping Giant Mine South
- Contiguous Claims (15,000 Acres) In The Quevillon Gold Camp
- 43-101 Technical Report Completed Dec. 2020
- Located 500 Meters South Of Abcourt Mines.
- The Sleeping Giant Mine:
- Historical Production: 1.1M Oz At 10.28g/T Au*
- Current M&I Reserves: 175,757 Oz At 11.2g/T Au*
- * – (Géant Dormant – Mines Abcourt Inc., NI 43-101, 2019)
Targets
- The property is located on highly prospective geological unit in the Abitibi Greenstone Belt and hosts major deformation corridors. It has been historically underexplored for base and precious metals. Historical assay results returned values of Cu-Zn-Au-Ag.
- Historical drilling returned visible sulfide mineralization. The presence of a VMS showing and Cu-Zn-Au-Ag mineralization in the vicinity of the Property indicates discovery potential.
Geochemical Targets
- To the west presents elevated copper values (up to 152 ppm Cu) in basalt-andesite assemblages.
- To the center presents elevated copper values (up to 377 ppm Cu) in the same basalt-andesite assemblage.
- To the east presents elevated Au-Cu-Zn values (up to 10ppb Au, 131 ppm Cu and 201ppm Zn) in gabbro, felsic tuf and basalt-andesite assemblages.
Geophysical and Drilled Anomalies
- Muzhu has completed a low altitude, high-resolution MAG survey on the entire Property. using tight line spacing, which is a configuration that has seen a lot of success by our neighboring companies in the district. The total survey length was 1,620 line-km.
- The MAG survey will help define the numerous geophysical targets on the Property for follow-up.
XWG property option
Located In Western Henan Province, Within The Heart Of China’s Largest Silver Mining Area Known As The Tieluping Mining District.
Concessions & Infrastructure
- The XWG Property, Is Located In The Xiayu Township, Luoning County Of Henan Province, China.
- Encircled By The Ying Mine, HPG Mine, Directly Adjacent To The LME And TLP Mines, All Owned By Silvercorp Metals Inc.
- Good Infrastructure, Water, Power, Roads Access.
- Several Flotation Mills Close By To Provide Customized Processing. The Jinqiao Mill, 9 Km Away And Has A Processing Capacity Of 500 To 1000 Tonnes Per Day (T/D).
Exploration Work
- 2.13 Sq Km Mapping, 1.2 Sq Km Soil Geochemical Surveys, Stripping And Trenching Of 1,500 Sq M, Grab, Chip And Channel Samples.
- 3,950 M Pitting And Tunneling. Old Artisanal Tunnels Were Surveyed Mapped And Sampled.
- More Than Seven Individual Mineralized Veins Were Identified. Length Of These Known Veins Vary From 27- To 1,080 Metres With Widths Varying From 1.0 To 5.0 Metres.
- Samples Showed Economic Grades Of Silver Lead And Zinc. Highest Minerals Values Were: Ag 7,658 G/T, Pb 12.11%, Zn 9.80%, Cu 2.38% Au 1.58 G/T.
- Grab Samples From Property Visit Include: Ag 1,500 G/T, Pb 3.88%, Zn 6600 Ppm, Cu 7%.
- Veins System Of TLP Is Quite Similar To XWG Property, Being Wider Than Any Other Deposits In This Region.
- TLP Mining Area Has Measured And Indicated Silver Resources Of 5.43Mt Averaging 185 G/T Ag, 3.06% Pb And 0.25% Zn.
NEW MUZHU CHINESE PROJECT: WLG F12 Vein Project
Located a mere 21 km northeast of our XWG and LMM properties, in the highly coveted Ying Mining District in the Henan Province of China, the newly dubbed “WLG F12 Vein” project within the Wulonggou Gold Mine (“WGM”) system represents an exciting new opportunity in Muzhu’s portfolio of curated assets. This new undertaking is the embodiment of Muzhu’s 3-pronged strategy: to find under-the-radar opportunities offering minimal barrier-to-entry with a disproportionate upside potential that can be executed through efficient and disciplined planning.
The WLG F12 Vein was closed approximately 20 years ago to make room for the construction of a new highway. However, other veins in the Wulonggou Gold Mine system continued to remain in production. Recently, Muzhu was able to secure an Exploration Agreement to re-open the WGL F12 Vein by entering the system via the creation of a new portal. In September of last year, Muzhu’s Chinese subsidiary, LSM, executed an Exploration Agreement and paid a refundable deposit of CAD 190,000 to the owners for the exclusive rights to explore and investigate the WLG F12 Vein, the deepest vein in the Wulonggou Gold Mine’s mineralized system.
A new portal and drift to the historical workings of the WLG F12 vein has been achieved (see photos below), and a 5,000-ton bulk sample is being excavated in preparation for processing at a local flotation mill, some 9 km away. In what can be considered a vote of confidence, an advance deposit of $40,000 CAN was received by LSM from a Chinese smelter agent against the potential value that may be realized once the bulk sample is processed and refined.
