- Muzhu Mining (CSE:MUZU) has completed an induced polarization survey at its Sleeping Giant South Property in Quebec
- The survey identified two anomalies as locally silicified horizon beds enriched in disseminated sulphides
- The company stated it has identified these sulphides as drill targets
- Shares of Muzhu Mining are unchanged at C$0.025
Muzhu Mining (CSE:MUZHU) has completed an induced polarization (IP) survey at its Sleeping Giant South Property in Quebec.
In a news release, the company stated the IP survey identified two anomalies as locally silicified horizon beds enriched in disseminated sulphides that it was able to determine as drill targets.
Located in the Abitibi Greenstone Belt in Quebec, the Sleeping Giant South Property spans 15,000 acres In The Quevillon Gold Camp.
In December 2020 a 43-101 Technical Report was completed. Historical production shows 1.1 million ounces at 10.28 g/t gold and current measured and indicated reserves indicate 175,757 ounces at 11.26 g/t gold.
The property sits less than one kilometre southwest of the past-producing Sleeping Giant Gold mine.
Muzhu Mining said it plans to begin drilling at the property shortly and anticipates it to be completed before the end of the year.
The company has a portfolio of highly prospective projects at different stages of development. Notably, Muzhu Mining holds 100 per cent interest in the Sleeping Giant South Project and has executed two option agreements to acquire up to an 80 per cent interest of the silver, zinc, lead XWG and LMM properties in China.
Shares of Muzhu Mining are unchanged at C$0.025.
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