China Discovers Large 21MT Gold Deposit in Guangdong Province

Located in western Guangdong, the gold deposit's main body measures 800 meters long. It has also been found to contain reserves of silver, measuring 26 metric tonnes.

The latest discovery, which is the province's third, further affirms Guangdong's reputation as one of China's major gold producers. Two other gold deposits were discovered in Guangdong in the 1980s and 1990s, with reserves of more than 20 metric tonnes each.

It won't be long before gold miners take interest to develop the gold deposit site. According to Xinhua News, there are currently five companies mining gold in the province as of 2010. Their collective annual investment was 100 billion yuan (US$16.13 billion).

Read More: www.ibtimes.co.uk/articles/501856/20130828/china-gold-deposit-guangdong.htm