Gold mine discovered in East Turkestan

The mine in Xinyuan county in the Ili Valley is expected to have an economic value of 20 billion yuan ($3.2 billion), according to the Chinese officials

Gold mine discovered in East Turkestan

World Bulletin/News Desk

Geological workers have discovered a large gold mine in East Turkestan, northwest China (Xinjiang Uygur autonomous region), Xinjiang reported on Tuesday.

With gold reserves of at least 53 tons, the mine in Xinyuan county in the Ili Valley is expected to have an economic value of 20 billion yuan ($3.2 billion), said Zeng Xiaogang, head of the region's geology and mineral resources bureau.

Covering a length of 3 km and depths of 60 to 300 meters, the mine also holds 31,200 tons of copper, said Zeng.

According to the report, it is the second large gold mine discovered in the Ili Valley following one with gold reserves of 50 tons found in 1988.

The mine is the largest such resource found in the area’s western Tianshan Mountains. The zone is within the Narat-Hongliu River metallogenic belt, together with gold mines in Uzbekistan, Kyrgyzstan and Kazakhstan, indicating further ores are likely to be found in the belt.

Last Mod: 21 Mayıs 2013, 17:48
Add Comment