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Article: Grand Central Silver Mines Inc. Announces Strategic Alliance with China Machine-Building and Additional Mineral Property Acquisitions.

Article from:
Business Wire
Article date:
August 21, 1998
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COEUR D'ALENE, Idaho--(BUSINESS WIRE)--Aug. 21, 1998--Grand Central Silver Mines Inc. (NASDAQ:GSLM) Friday announced that it has entered a strategic alliance with China Machine-Building International Corp. (CMIC) based in Beijing to jointly develop mineral properties of mutual interest in North and South America.

China-Machine Building has pledged its technical support and is sending a technical team within the next 30 days to assist the company in evaluating a producing zinc/lead/silver mine located near Zimapan, Hidalgo, Mexico. An option to acquire 50% of the mine was granted to Grand Central by San Miguel Mining Corp. in March, 1998.

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