China Shouguan Mining Corporation, a gold mining exploration and advisory company with operations in Shandong, 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 Shouguan is the first company to ever sign an operations contract with the sole state-owned-enterprise.
China Shouguan’s investor relations director Terry Tsao says, “The signing of this MoU with the Daxinanling Government is a landmark day for China Shouguan in our efforts to become one of China’s top gold mining companies. The Daxinanling area has never been explored before, representing incredible exploration opportunities for China Shouguan and its shareholders.
“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 in Shandong province, which is home to roughly 25% of China’s proven gold reserves, with more than 10.2 tonnes of gold recovered each month.
“With two major veins at our Cunli-Ji mine found to contain gold, and exploration efforts under way at our JYS and CJG mines, China Shouguan’s current mine portfolio is strong and only getting better.”
Terry Tsao concludes, “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.”