Silvercorp Acquires High Grade XHP Silver-Gold-Lead-Zinc Property in Luoyang, Henan Province

Silvercorp Metals Inc. (TSX:SVM,NYSE:SVM) announced its pending acquisition of SX Gold Mining Company and the XHP mine.

As quoted in the press release:

This acquisition of the XHP project, together with the acquisition in August 2011 of the XBG Mine, furthers Silvercorp’s intent to consolidate (through Henan Found) the mines and prospective projects in the high grade silver, gold and base metal belt in the Southwest Luoyang City district.

Click here for the Silvercorp Metals Inc. (TSX:SVM) press release.