Muzhu Mining Ltd.

Muzhu Mining Ltd.

Company Data | Introduction | Projects in Hand | Management
News Update | Chinese

Address ：	Suite 1400 - 1125 Howe Street Vancouver, BC Canada V6Z 2K8
Tel No.：	778-709-3398
Web Site：	www.muzhumining.com
E-mail：	info@muzhumining.com
Contact Person：	Dwayne Yaretz
Position：	CEO & Director

Company Data

Traded Market：	CSE \| OTCQB \| FSE
Traded Symbol：	MUZU \| MUZUF \| Y33
Outstanding Shares：	~42.50 million
52 Week High：	$ 0.08
52 Week Low：	$ 0.02
Present Price：	Click Here

Introduction

Muzhu Mining Ltd. is a junior mining exploration company established in 2018 and incorporated in the Province of British Columbia. Muzhu currently holds 100% interest in its Sleeping Giant South property located in the Val-d’Or region of Quebec, Canada home to the prolific Abitibi Greenstone Belt. The property is comprised of 15,000 acres and is contiguous to the Abcourt, Sleeping Giant Mine. Abcourt re-opened its gold processing mill at the Sleeping Giant Mine in February 2024 and is currently processing ore from the Sleeping Giant Mine, while actively exploring the property to expand its resource.

Muzhu Mining through its wholly-owned Chinese subsidiary (“LSM”) is also focused in the Henan province of China where it has an option to acquire 80% interest in the XWG property and executed a joint venture agreement to acquire an 80% interest in the adjacent LMM property which has exhibited similar silver, zinc, lead mineralization as the XWG property. Both properties are surrounded by 9 active mining properties, 7 of which are operated by Silvercorp Metals Inc. Additionally, Muzhu has executed an exploration agreement to explore historical workings at the Wulonggou Gold Mine. All three projects are located within the heart of China’s largest silver mining area known as the Tieluping Mining District, Henan Province.

Projects in Hand

Sleeping Giant South Project, Quebec, Canada

100% owned contiguous claims (15,000 acres)
NI 43-101 Technical Report Completed Dec. 2020
MAG and IP surveys completed
Compilation of historical drill results and geophysical surveys has identified three favorable drill targets
Adjacent to Abcourt’s currently operating Sleeping Giant Mine and Mill
Abcourt’s drill results at Muzhu property border greater than 10 g/t Au

Sleeping Giant Mine (Abcourt):

Mine and mill in production
173,000 oz indicated resources at average grade of 7.14 g/t Au
248,000 oz of inferred resources at average grade of 8.74 g/t Au
Modelling of 846 distinct gold structures from 1.19 million meters of drilling and underground exploration
2022 drilling result of 125.52 g/t Au over 0.80 metres
Drill program to enhance resource in progress

Projects in Henan Province of China

Option to acquire up to 80% of the XWG property

Located in western Henan Province, within the heart of China’s largest silver mining area known as the Tieluping Mining District.
Muzhu can earn an 80% interest in the XWG property by incurring C$3M in exploration expenditures and issuing 3.75M shares over a period of three years.

Option to acquire up to 80% in Joint Venture LMM property

Contiguous to XWG property and Silvercorp’s operating mines
The LMM Joint Venture Agreement was signed January 24 , 2023
Luoning County Muzhu Mountain Lead & Silver Mine Company will contribute the mining rights including valid certificates as its 20% contribution to the Joint Venture Company, Muzhu Mining’s wholly-owned Chinese subsidiary, Luoyang Sow International Mining Company Ltd. (LSM) can earn an 80% interest in the LMM property joint venture by incurring C$4M in exploration expenditures over a period of three years.
The company is compiling historical LMM work data
Initial information shows similar mineralization as XWG and Silvercorp’s LMW
Good infrastructure, water, power, road access, skilled workforce.
The Jinqiao floatation mill, 9 km away has a processing capacity of up to 1,000 tonnes per day (t/d)
Encircled by Silvercorp’s SGX, HPG, HZG and DCG Mines and directly adjacent to the LME, LMW, and TLP Mines as well as two Chinese owned gold and silver mines to the south and southeast (LWM & LM).
Since 2006, Silvercorp has produced more than 100 million oz Silver and 1.4 Billion lbs of Lead and Zinc with current Measured and Indicated resources of 175 M oz and 79 M oz of Inferred Silver in China.
Silvercorp is the largest domestic primary silver producer in China, the third largest silver-producing country in the world.

WLG Exploration Agreement on site of producing Wulonggou Gold Mine

Located 21 km northeast of XWG and LMM properties on site of Wulonggou Gold Mine.
Muzhu executes three-year exploration agreement of WGM F12 vein with option to joint venture. Several other veins in Wulonggou Gold Mine are currently in production.

Wulonggou Gold Mine – WGM F12 Vein

Muzhu’s Chinese subsidiary (“LSM”) paid a C$190,000 refundable deposit to investigate F12 vein at the Wulonggou Gold Mine (“WGM”), Xishan Township, Luoning County, Henan Province, China.
WGM has historical workings on WGM F12 vein with other veins in the mine currently in production
LSM signs 3-year prospecting agreement on WGM F12 vein with option to joint venture
Muzhu has completed a new portal (684) and 70m drift to reach the WGM F12 historical workings at WGM site
Sampling confirmed grades consistent with Chinese historical WGM F12 records and with other veins in the WGM system currently being worked
5,000-ton bulk sample being prepared to be processed in local floatation mill 10 km away
Muzhu’s subsidiary LSM receives advance payment of $40,000 on bulk sample from the Wulonggou Gold Mine

Management

Management, Directors, and Advisors

Dwayne Yaretz, CEO and Director

Mr. Yaretz is a seasoned entrepreneur with more than 35 years experience in corporate leadership. He began his international career as Vice-President of China Power Generation Corporation and Asla Power Engineering Corporation, developing co-generation facilities in Mainland China. Subsequently, Mr. Yaretz acted for several publicly traded companies in various capacities including President and CEO, Corporate Secretary and Chief Financial Officer and is experienced in mergers and acquisitions as well as in the financing of numerous private and public ventures.

Mr. Yaretz has structured both Initial Public Offerings and Reverse Takeovers in various business sectors, including technology, manufacturing as well as multiple mining exploration projects with properties in China, United States, Chile and Canada. Mr. Yaretz has also served on the Board of Directors with numerous companies involved in technology, clean-tech, agri-business, sustainable packaging, consumer electronics, and as well as in the mining exploration sector.

Vivien Chuang, CPA, CA, CFO

Ms. Chuang has more than fifteen years of experience in the resource and mining sector. Currently, Ms. Chuang is President of VC Consulting Corp. Ms. Chuang is fluent in both English and Mandarin.

Anthony Tam, BSc.Eng., Director and V.P. China Operations

Mr. Tam has over 35 years of experience in the mining industry including numerous management positions in both North America and China. Mr. Tam has been instrumental in the acquisition, exploration, and development of numerous mineral properties. He has been successful in negotiating various joint venture agreements in China, along with conducting preliminary geological and engineering assessments of mineral properties. Mr. Tam is fluent in both English and Mandarin.

James Stanley, Director

Mr. Stanley is an accomplished corporate finance professional with diverse experience and a strong background in corporate start up, development and growth where he held several senior positions including COO, President and GM.

Aaron Meckler, CIM, FCSI, Director

Mr. Meckler is an investment banker and seasoned corporate finance professional. Mr. Meckler is the Co-Founder, CFO and Director of Amuka Capital. He is also currently the CFO and board member to multiple reporting issuers and public companies in Canada.

James C. Tworek, Advisor

Mr. Tworek has worked in banking and finance for the past 23 years. He is the CEO of Element79 Gold Corp.; Co-founder, President and Director of Gaia Grow Corporation and a Director of Florence One Capital.

Paul McGuigan, P.Geo., Advisor

Mr. McGuigan is a Professional Geoscientist with 49 years of international experience in mineral exploration, deposit evaluation, mine operations, and corporate governance.

News Update

On May 01, 2025, Muzhu Mining Ltd. announced the Prospectair Geosurveys of Gatineau, Québec , has successfully completed a heliborne time-domain electromagnetic (TDEM) survey on Muzhu’s wholly-owned Sleeping Giant South Property (the “Property”) , located in the region of Abitibi-Témiscamingue, Québec, Canada.

The Property abuts the mineral tenures of the Sleeping Giant Mine of Abcourt Mines Inc. (TSX-V: ABI) . Abcourt recently announced that it has secured debt financing of US$8 million (approximately CDN$11 million) to complete the financing required for the restart of its Sleeping Giant mine and mill. In addition to Abcourt, the district is being actively explored by Agnico Eagle Mines Limited (NYSE: AEM) (TSX: AEM) (through its acquisition of O3 Mining Inc.) and Midland Exploration Inc. (TSX-V: MD).

Prospectair was commissioned to test a central 6 km E-W segment of the Property with the ProspecTEM Time-Domain system with a 5.6-meter loop diameter. According to the report received from Dubé (2025).

Prospectair previously surveyed the Property for Muzhu with a high-resolution heliborne magnetic survey (Dubé, 2021), that shows distinct, E-W linear magnetic responses. The new TDEM data shows adjacent, continuous conductors correlative to the Laflamme-Nord shear zone and the volcanic-sedimentary units described in the NI43-101 technical report by Charbonneau (2021) as the Vanier–Dalet–Poirier Group, which also hosts the gold deposit at the Sleeping Giant Mine. This new TDEM survey will form a robust foundation for the restart of gold exploration on the Property, in combination with data from historical work and the Prospectair high-resolution magnetic survey.

Muzhu has retained Québec-based geoscience consulting services to assemble the historical drilling and sampling and submit recommendations for property exploration and drill targeting.

On April 28, 2025, Muzhu Mining Ltd. has arranged a non-brokered private placement of up to five million units for 10 cents per unit, with each unit consisting of one common share and one common share purchase warrant. Each whole warrant entitles the holder to purchase one share at a price of 14 cents per share for a period of 12 months from the closing and at a price of 20 cents per share for a period of 24 months from the closing. The exercise period for the warrants may be accelerated to 30 days if, at any time after the first four months of the warrant exercise period, the volume-weighted trading average of Muzhu's common shares over a period of 20 consecutive trading days exceeds 30 cents.

The proceeds of up to $500,000 from the financing will be used for working capital. Fees payable in cash, warrants or a combination thereof may be payable to eligible individuals.

On April 24, 2025, Muzhu Mining Ltd. has retained Cavendish Investment Corp. Group of Companies as its non-exclusive financial adviser to provide advisory and corporate finance activities.

Cavendish has established itself as a significant player in Asia. Its strategic location in Hong Kong allows the firm to leverage the region's economic growth and serve as a key bridge between Eastern and Western markets.

With deep local and international market knowledge, the firm expertly navigates complex cross-border transactions with its network and relationship with family offices and institutional investors.

Dwayne Yaretz, chief executive officer, had this to say: "We are looking forward to working with Cavendish in our shared effort to expand our institutional and retail outreach throughout Asia by highlighting our portfolio of assets in both Canada and China. Together, we look forward to executing our strategic exploration plans on the company's 100-per-cent-owned 15,000-acre Sleeping Giant South property in the prolific Abitibi greenstone belt of Quebec, as well as further developing our assets in the Ling mining district of Henan province, China."

On April 23, 2025, Muzhu Mining Ltd. has appointed William E. (Bill) Thomson to its board of directors. Mr. Thomson is the managing partner of Mercana Growth Partners. He brings a 60-plus-year record of achievement, completing turnarounds, sourcing private-equity capital for emerging growth companies, and providing critical guidance and advice to help steer businesses through challenging situations toward growth. Prior to 2009, he was president of Thomson Associates Inc. In this capacity, he held interim chief executive officer positions for several companies in a variety of industries.

The company advises that Aaron Meckler has resigned from the board of directors and wishes to thank him for his service.

The company wishes to announce the grant of 1.85 million incentive stock options at the exercise price of 10 cents per common share exercisable for a three-year term expiring April 22, 2028.

Dwayne Yaretz, chief executive officer, commented: "We are all looking forward to benefiting from the vast experience Bill Thomson can bring to Muzhu Mining by utilizing his global expertise and relationships as we further develop our current and future projects in Quebec and China. On behalf of the board of directors, I would like to thank Aaron Meckler for his years of service."

On April 17, 2025, Muzhu Mining Ltd. announce that the Company has retained Prospectair Geosurveys of Gatineau, Québec, to conduct a heliborne time-domain electromagnetic (TDEM) survey on its wholly-owned Sleeping Giant South Property (the “Property”), located in the region of Abitibi-Témiscamingue, Québec, Canada.

Prospectair has mobilized to the Property and should complete their work by April 30.

Prospectair previously surveyed the Property for Muzhu with a high-resolution heliborne magnetic survey (Dubé, 2021). This historical work, in combination with the new TDEM survey data will form a robust foundation for a focused gold-silver exploration program on the Property.

Concurrently, Muzhu will retain geological consulting services to assemble the historical drilling and sampling and submit recommendations for property exploration and drill targeting.

On March 18, 2025, Muzhu Mining Ltd.'s wholly owned Chinese subsidiary Louyang Sow International Mining Company Ltd. has restarted the bulk sampling program of the WLG F12 vein at the Wulonggou gold mine after work was suspended at the end of 2024. The labour force has returned after the Chinese New Year break, and new excavating equipment is now on site.

Bulk sample stockpile at portal entrance: The first 5,000-ton bulk sample will be sent to the Luoning county Jun De Hong Yu flotation mill for processing. The flotation mill is approximately 10 kilometres from the Wulonngou mine and has a 1,000-ton-per-day capacity.

The Wulonggou gold mine is located in Xishan township, Luoning county, Henan province, China. Luoning county encompasses numerous gold-silver producing mines and historical producers. The historical WLG F12 vein was exposed after excavating a new portal and 70-metre adit. Samples taken from the WLG F12 vein, in areas previously mined, were consistent with the Chinese historical records and some of the other veins in the Wulonggou gold mine that are currently in production.

January 10, 2025, Muzhu Mining announced that it has closed the non-brokered private placement announced on November 18, 2024 for gross proceeds of $139,330.40 from the sale of 1,741,630 units of the Company at a price of $0.08 per unit.

https://muzhumining.com/muzhu-completes-private-placements/

December 27, 2024, Muzhu Mining announced that it has arranged a non-brokered private placement of 2,223,000 flow-through units at nine cents per FT unit for gross proceeds of $200,070.

https://muzhumining.com/muzhu-announces-flow-through-private-placement/

December 17, 2024, Muzhu Mining announced that its Chinese subsidiary Luoyang Sow International Mining Company Ltd. has received a 200,000-renminbi (about $40,000) advance payment against a bulk sample from the Wulonggou Gold Mine.

https://muzhumining.com/muzhu-receives-advance-payment-on-bulk-sample-from-wulonggou-gold-mine/

December 13, 2024, Muzhu announced that its Chinese subsidiary Luoyang Sow International Mining Company Ltd. has commenced 5,000 ton bulk sampling at the Wulonggou gold mine.

https://muzhumining.com/muzhu-commences-5000-ton-bulk-sample-at-wulonggou-gold-mine/