China Shouguan Mining Corporation, a gold mining exploration and advisory company with operations in Shandong province, announces that the establishment joint venture company in DaXingAnLing (DXAL) of Heilongjiang province has reached its final phase.
With the DXAL Government being highly restrictive on environmental checks, the establishment process has taken longer than originally anticipated but the exploration and drilling permits are finally under approval process.
China Shouguan expects exploration in the DXAL area to commence shortly after the approval of the aforesaid licences. As the DXAL area has never been explored before, this will represent significant opportunities for China Shouguan. China Shouguan is continuing its march for a Golden Year in 2014.
China Shouguan 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, North America, and South East Asia and is focused on listing on the NASDAQ by 2015. www.chinashouguan.com