Saudi Arabia discovers world-class gold mines

Jan 22, 2024

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  The Saudi Arabian National Mining Company recently announced the discovery of multiple gold deposits in the southern part of the Mansula Massara gold mine, stretching 125 kilometers and belonging to world-class gold mines.
  The UAE's National News reported on the 7th that this discovery is the first major discovery in the company's exploration plan launched in 2022. Nasser Sadi, former Minister of Economy and Deputy Governor of the Central Bank of Lebanon, said, "Due to the high gold content in mines, this new discovery may be of great significance."
  According to reports, samples collected from two random drilling sites below 400 meters near the Mansula Massara gold mine indicate the presence of high-grade gold deposits in the area, with gold content of 10.4 grams and 20.6 grams per ton of samples, respectively, indicating the presence of high-density gold deposits in the area. As of the end of 2023, the Mansula Massara gold mine has nearly 7 million ounces (approximately 198 tons) of gold resources, with an annual production capacity of 250000 ounces.

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