Vancouver precious metals firm expanding Chinese presence

BIV.com reports that Silvercorp Metals(TSX:SVM,NYSE:SVM,AMEX:SVM) is seeking to acquire a 70% stake in a Hunan province gold-lead-zinc mine.

The story is quoted as saying:

It has signed a share purchase agreement and a Sino-Foreign co-operative joint venture contract to acquire its stake in Yunxiang Mining Co. Ltd., a local, private mining company with operations located 220 kilometres southwest of Changsha, Hunan’s capital city.

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