32-ton gold reserves found in Liaoning

16:57, August 18, 2010      

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Around 32 tons of gold reserves and 70 tons of silver reserves have been discovered by mineral resource exploration units in Baiyun Gold Mine in Fengcheng City, Liaoning Province on Aug. 16.

The newly-explored gold and silver reserves possessed average grade of about 2.9 grams per ton and 481 grams per ton, respectively.

Experts said that the newly-explored gold reserves reached a large scale deposit and the silver reserves reached a small deposit scale, which will prolong the service length of the mine by about 23 years.

According to Wu Runyou, director of the Gold Administration Bureau in Fengcheng City, the exploration project in the Baiyun Gold Mine has passed the field review and acquired standard approval. Moreover, the Fengcheng municipal government has signed gold resources development agreements with enterprises.

By People's Daily Online

(Editor:李牧(实习))

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