BEIJING, Jan. 13 /PRNewswire-Asia-FirstCall/ -- China Shen Zhou Mining & Resources, Inc. (NYSE Amex: SHZ) ("China Shen Zhou", or the "Company"), a leading Company engaged in the exploration, development, mining and processing of fluorite, zinc, lead, copper, and other nonferrous metals in China, today announced a proseminar held for the new progress on exploration of Xingzhen Mining, a subsidiary of the Company.
On January 10, 2010, a geological prospecting proseminar of Keyinbulake Copper-Zinc Mine was held with the attendance of geologists, professors and experts in Urumchi, China.
Based on previous exploration, especially according to the results of the IP sounding work in geological prospecting carried out in 2009, the attendants discussed the mineral formation conditions, analyzed the genesis of ore bodies and concluded that Keyinbulake Copper-Zinc Mine belongs to the submarine volcanogenic sediments.
The analysis on the data of exploration shows that within the mineralized belt the ore bodies continue along with the strike and distribute in parallel and en echelon arrangement. The method of sounding shows that the extendibility of some inclined ore bodies is longer than their strike prolongation.
There are five high-polarization abnormal zones found through IP sounding methods and they coincide in space and positions with the known copper-zinc ore bodies controlled under current underground extraction.
The conclusion of the conference shows that Keyinbulake Copper-Zinc Mine exists with high potential of ore prospecting and the previous work greatly assists the Company to delimit the accurate target area for further exploration. The geologists and experts are quite hopeful to find a medium ore deposit of copper and zinc in this region through further exploration in 2010.
In Xingzhen Mining, the controlled underground ore being extracted has met the requirement of production in the near future. A good result of further exploration together with the current trend of higher price of nonferrous metal will further benefit the Company.
About China Shen Zhou Mining & Resources, Inc.
China Shen Zhou Mining & Resources, Inc., through its subsidiary, American Federal Mining Group ("AFMG"), is engaged in the exploration, development, mining, and processing of fluorite and nonferrous metals such as zinc, lead and copper in China. The Company has the following principal areas of interest in China: (a) fluorite exploration and extraction in the Sumochaganaobao region of Inner Mongolia; (b) zinc/copper/lead exploration, mining and processing in Wulatehouqi of Inner Mongolia; and (c) zinc/copper exploration, mining and processing in Xinjiang.
For more information, please visit http://www.chinaszmg.com/
Safe Harbor Statement
Certain of the statements made in the press release constitute forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by the use of forward- looking terminology such as "believe," "expect," "may," "will," "should," "project," "plan," "seek," "intend," or "anticipate" or the negative thereof or comparable terminology. Such statements typically involve risks and uncertainties and may include financial projections or information regarding our future plans, objectives or performance. Actual results could differ materially from the expectations reflected in such forward-looking statements as a result of a variety of factors, including the risks associated with the effect of changing economic conditions in The People's Republic of China, variations in cash flow, fluctuation in mineral prices, risks associated with exploration and mining operations, and the potential of securing additional mineral resources, and other risk factors detailed in reports filed with the Securities and Exchange Commission from time to time.
For more information, please contact: In China: Fulun Song Office of the Board of Directors China Shen Zhou Mining & Resources, Inc. Tel: +86-10-8890-9976 Fax: +86-10-8890-6927 Email: email@example.com Web: http://www.chinaszmg.com In the U.S.: David Elias Investor Relations DME Capital LLC Tel: +1-516-967-0205 Email: firstname.lastname@example.org
SOURCE China Shen Zhou Mining & Resources, Inc.