SMM Daily Review - 2010/3/5 Base Metals Market 

SHANGHAI, Mar. 8 (SMM) --&nbsp;According to Hunan Nonferrous Geological Prospecting Bureau, Baoshan's Lead-Zinc-Silver Mine, previously scheduled for closure, has made a major discovery using deep exploration techniques.&nbsp; New reserves, including 1.3 million mt of lead and zinc, and 1,104 mt of silver, are now believed to be available in the Baoshan Mine.&nbsp;
The Hunan Nonferrous Geological Prospecting Bureau has undertaken a number of&nbsp; exploration projects in crisis mines.&nbsp; Taking advantage of technology and equipment, and based on existing geological prospecting data, the bureau has carried out additional&nbsp; exploration work in old mines, helping many, including Xikuangshan, Shuikoushan, Xianghualing, and Xiangxi Gold Mine, avoid bankruptcy.&nbsp;&nbsp; To date, the bureau has found new reserves at Xianrenyan's gold-silver-lead-zinc mine, Hehuaping's tin mine, Changchong's tin-lead-zinc mine, Chiping's lead-zinc mine, and many others.&nbsp;&nbsp; Sources report the Hunan Nonferrous Geological Prospecting Bureau has found a total of 2.136 million mt of new lead and zinc reserves in the past few years.&nbsp;
To contact the writer on this report: <a href="mailto:monicagao@smm.cn">monicagao@smm.cn</a>
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