Shenzhen, China (PRWEB) January 27, 2014
China Shouguan Mining Corporation (OTCQB: CHSO) is expanding mine operations at their Dayuan and Cunliji mines, with the goal of doubling current production capacity. Over 2014, expanded exploration and drilling efforts are expected to result in over 500,000 tons of ore production and increase the Company’s gold reserves by 1 ton. China Shouguan currently has 40 tons of gold reserves.
Mr. Feize Zhang, CEO, said, “China Shouguan is pleased with our current progress at our Dayuan and Cunliji mines, but know we can do better. That is why we are taking the necessary steps and investing the capital to increase production capacity and streamline our operations. Our goal is to increase our gold reserves by at least 1 ton over 2014.”
Zhang continued, “Along with our expanded exploration and production efforts, we are aggressively moving forward with our mining agreement with Daxinganling Government (DXL). The DXL agreement allows China Shouguan to acquire over 20 Million Acres of prime mining property to explore and excavate. The DXL agreement represents significant revenue potential for China Shouguan and its shareholders.”
Zhang concluded, “China Shouguan is moving hard on all corporate fronts. We are expanding mining operations at our Cunliji and Dayuan Mines, preparing to begin exploration work in the DXL agreement, and set to begin foreign mine acquisition and expansion efforts in N. America, Australia, S.E. and N.W. Asia. We expect 2014 to be a Golden Year for our valued shareholders, leading to NASDAQ up-listing in 2015.”
About China Shouguan Mining Corporation
China Shouguan Mining Corporation is a highly efficient gold mining exploration and development Company in the gold rich zones of Shandong and HeiLongJiang Provinces in China. The Company acquires or leases under-performing mines in major mineral zones, then funds their expanded exploration and production utilizing industry leading technologies. China Shouguan is planning to acquire mining operations in Australia, N. America and SE Asia and is focused on uplifting to NASDAQ by 2015.
For more information, please contact:
Christian Tedrow, Market Management International.
Phone: 407-921-7032 Email: info(at)marketmgt(dot)com
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.