This paper summarizes the basic situation of the Binchuan Earthquake Transmitting Seismic Station and geophysical observations of its located area，with the focus on the constitution of the seismic signal transmitter and observation system，characteristics and propagation distances of artificial seismic waves excited by air guns in reservoir and in well. The paper also summarizes and discusses about the results of the observations and problems encountered since Transmitting Seismic Station was built up. Finally，this paper proposes the main researches to be carried out on the basis of the project aims.