China Discovers Massive Low-Grade Gold Reserve

China has recently discovered its first large, low-grade gold reserve. Officials from the country's Ministry of Natural Resources confirmed the discovery of a large gold deposit. 

The Dadonggou gold mine in Liaoning Province, northeastern China, holds a certified gold metal content of approximately 1,444 metric tons. 

This is obtained from 2.5 billion tons of gold ore, which has an average grade of 0.56 grams of gold per ton.

The gold mine has passed the economic feasibility assessment for development and utilization. 

Zhu Yilin, Director of the Mineral Exploration Division of the Geological Exploration Management Department at the Ministry of Natural Resources, claimed that the success of the gold mine exploration project has further strengthened China's strategic gold reserve.

Due to global economic and geopolitical uncertainties, the price of gold has increased dramatically in recent years. It is currently trading at approximately 4,000 US dollars per ounce. 

(CCTV+)