Henan Found Mining Ltd., a JV with foreign investors, uses the foreign capital and technology to explore and mine the Shagou Ag-Pb-Zn deposit in Luoning county, Henan province, with a whole process of exploration, mining and processing. The Shagou Ag-Pb-Zn deposit is a veinlet deposit, dipping gently. The company has made a good profit, becoming an model in cooperation with foreign investors. This paper gives an introduction to the development process and achievements of the Found Mining Ltd., and presents some experience to maximize the capital, to use the foreign management and technology and China's low-cost human resources. Both sides have complementarity in cooperation, like China partner has exploration license, and the foreign partner has financial capacity and advanced technology, ensuring a sustainable development of resources.