In the southern part of the Mansoura Masala gold mine in Saudi Arabia, the Saudi National Mining Company recently announced the discovery of a number of ** deposits, totaling 125 kilometers, which have been identified as world-class gold mines.
According to the UAE's newspaper The Nation7**, the astonishing discovery is the first major result achieved by the Saudi National Mining Company since its exploration program launched in 2022. Nasser Saidi, former Lebanese Minister of Economy and Deputy Governor of the Central Bank, said: "This new discovery could be of far-reaching significance due to the high gold content in the mine. ”
Reports indicate that samples taken from two random drill sites below 400m in the vicinity of the Mansoura Masala gold mine indicate the presence of high-grade gold deposits in the area with 10 gold per tonne each4 grams and 206 grams, indicating a high density of gold in this area. As of the end of 2023, the Mansoura Masala Gold Mine has a ** resource of nearly 7 million ounces (about 198 tons), with an annual production capacity of 250,000 ounces.
In recent years, the mining industry has gradually become an important engine for Saudi Arabia to attract international direct investment. According to the World Association, gold mining is expected to diversify the Saudi economy and contribute positively to the country's gross domestic product. The agency also said that mining will contribute to the economic development of Saudi Arabia to a large extent. This discovery has put Mansura Masala in the spotlight of the international mining industry, attracting widespread investment interest.