Asia Now Resources has signed a Heads of Agreement with Zinifex Australia Limited to form a joint venture to explore inChina. 
The HOA calls for the two companies to jointly fund exploration for zinc-silver-lead base metal deposits throughoutChina with an initial budget of combined cash and in-kind contribution of US$1.5 million. Zinifex will contribute cash and Asia Now, which will manage the alliance, will make contributions in kind including the services of its exploration team.
Asia Now president Kaihau Yang says: "I am very pleased that we will be working with one of the world"s premier mining companies to explore for a commodity that is in extremely high demand inChina and elsewhere.