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SOURCE China Shouguan Mining Corporation
SHENZHEN, China, June 20, 2014 /PRNewswire/ -- China Shouguan Mining Corporation (OTCQB: CHSO), a premier gold mining exploration and advisory Company with operations in Shandong, is proud to announce that the establishment joint venture company in DaXingAnLing (DXAL) in Hei Longjiang 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 expected the exploration in the DXAL area to commence shortly after the approval of the aforesaid licenses. 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.
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 listing on the NASDAQ by 2015.
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.
China Shouguan Mining Corporation
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