The signing of this MOU with the Daxinanling Government is a landmark day for China Shouguan in our efforts to become one of the top gold mining companies in China.
Shenzhen, China (PRWEB) November 19, 2013
China Shouguan Mining Corporation (OTCQB: CHSO), a premier gold mining exploration and advisory Company with operations in Shandong, is proud to announce that it has signed a Memorandum of Understanding (MOU) with the Daxinanling Government to jointly establish a gold mine operation company. Daxinanling is one of three national gold level exploration areas in China and China Shouguan is the first company to ever sign an operations contract with the sole State-Owned-Enterprise of Daxinanling.
Terry Tsao, Director of Investor Relations for China Shouguan Mining Corporation, said “The signing of this MOU with the Daxinanling Government is a landmark day for China Shouguan in our efforts to become one of the top gold mining companies in China. The Daxinanling area has never been explored before, representing incredible exploration opportunities for China Shouguan and its shareholders.”
Terry continued, “Not only is our upcoming partnership with the Daxinanling Government a major step in our growth, our current mining exploration operations are producing excellent results. Our mines are located in the Shandong province, which is home to roughly 25% of China’s proven gold reserves, with over 10.2 tons of gold recovered each month. With two major veins at our Cunli-Ji mine found to contain gold, and exploration efforts underway at our JYS and CJG mines, China Shouguan’s current mine portfolio is strong and only getting better.”
Terry concluded, “As we can see with the signing of this MOU with the Daxinanling Government, China Shouguan is committed to capturing greater market share and bringing increasing value to our shareholders. We will continue to aggressively pursue mine acquisition and leasing expansion efforts, all while maximizing value from our Cunli-Ji and Dayuan mines. China Shouguan is continuing its march for a Golden Year in 2014.”
About China Shouguan Mining Corporation
China Shouguan Mining Corporation is a gold and precious metals mining company with operations in Shandong Province, China. The Company acquires or leases underperforming mines in major mineralization zones, then funds their expanded exploration and production utilizing industry leading analysis, techniques and machinery. The Company additionally provides mining technical analysis and consultation.
For more information, please contact: Terry Tsao, Director of Investor Relations
Safe Harbor Statement
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.