Situated between China and Russia, Mongolia is enriched in various mineral resources and an ideal place for development of mineral industry. With the discoveries of the Oyu Tolgoi giant copper- gold deposit and the White Hill large size copper-zinc deposit occurring in southern Mongolia, the metallogenic studies and mineral exploration have attracted the great attention from Mongolian domestic and international mining communities. To carry out the idea of “two types of mining markets and two types of mineral resources” in China, the Mongolia, especially southern Mongolia, will be the best choice.