Muzhu Mining is pleased to announce that the Company has authorized a non-brokered private placement of up to 3,000,000 units for $0.05 per unit, with each unit consisting of one common share and one common share purchase warrant, with each full warrant entitling its holder to purchase one common share at $0.07 for a period of one year after [...]
Muzhu Mining Ltd. is pleased to announce completion of a 200m drill program on its Sleeping Giant South Property. Two 100m holes were drilled less than 1 km southwest of the adjacent Sleeping Giant Gold Mine and Processing Mill currently owned and operated by Abcourt Mines Inc. The two drill targets were located on favourable anomalies of locally [...]
Muzhu Mining is pleased to announce that it has entered into an amendment to the Option Agreement with Lingbao Yida Mining previously announced on Nov 23, 2021. Under the Option Agreement and the Amendment Agreement, Muzhu Mining Ltd., can earn up to an 80% interest in the Xiao Wa Gou mining property by incurring $3 million in exploration and [...]
Muzhu Mining Ltd. is pleased to announce the completion of an induced polarization survey on its Sleeping Giant South property located less than 1 km southwest of the past-producing Sleeping Giant gold mine where Abcourt Mines Inc., recently announced re-opening of their mill to process tailings from the Sleeping Giant mine and ore from surrounding [...]
Muzhu Mining is pleased to announce the appointment of Vivien Chuang CA, CPA as Chief Financial Officer. Ms.Chuang, is a qualified Chartered Professional Accountant having worked for Charlton and Company and PricewaterhouseCoopers LLP performing audit and review engagements for both publicly traded and private companies. Ms. Chuang has more than 15 [...]
Muzhu Mining announced today that its Chairman and Chief Executive Officer James Sung Fu Tong and its Director and Chief Financial Officer Richard Sung Yin Tong have resigned from the Company effective Sept 13, 2023, to pursue other opportunities. Mr. Richard Sung Yin Tong has served in these positions since the Company's incorporation in 2018. Mr [...]
Muzhu Mining is pleased to announce that V.P. of China Operations Mr. Anthony Tam, BSc. Eng., has arrived on the Xiao Wa Gou and the LMM properties in the Henan Province of China, and plans to start a Summer Exploration Program. Muzhu has an option to earn up to an 80% interest in both properties, which is encircled by several operating Silver [...]
Muzhu Mining is pleased to announce that the Company has closed on a private placement and flow-through financing with a total combined gross proceeds of $742,633.60. "Having completed the two recent financings and entering into a new exploration season, in both China and Canada, we are excited to develop these two projects both of which are in [...]
Muzhu Mining is pleased to give an update on the strategic partnership announced on Jan 24, 2023 with Luoning County Muzhu Mountain Lead and Silver Mine Company Ltd., within the Luoning County, Henan Province of China who's LMM property is contiguous to the North of Muzhu Mining's option agreement with the XWG Silver property. As of January 9 [...]
Muzhu Mining Ltd. is pleased to announce that the Company has closed its non-brokered private placement for 2,250,000 flow-through units at $0.10 in the capital of the Company with each F/T Unit consisting of one common share to be issued as a "flow-through share" as such term is defined in subsection 66 of the Income Tax Act , and associated [...]
Muzhu Mining Ltd. is pleased to announce that the Company has closed the first tranche of its private placement announced on March 21, 2023. The closing of the first tranche is for 3,048,750 units at a price of $0.08 per unit for gross proceeds of $243,900. Each unit will comprise of 1 common share and 1 common share purchase warrant. Each warrant [...]
Muzhu Mining Ltd. is pleased to announce that the Company intends to complete a best efforts non-brokered private placement financing of up to 6,250,000 units at $0.08 per unit for gross proceeds of up to $500,000. Each unit will comprise of 1 common share and 1 common share purchase warrant. Each warrant entitles the holder to acquire 1 additional [...]