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China: China discovers first super-large gold deposit in Liaoning

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Storyline: China discovers first super-large gold deposit in Liaoning [Voice_over] China has recently discovered its first super-large, low-grade gold deposit, officials from the country's Ministry of Natural Resources announced recently. The Dadonggou Gold Mine in northeast China's Liaoning Province has a total proven gold metal content of about 1,444 tons, derived from 2.5 billion tons of gold ore with an average grade of 0.56 grams of gold per ton. Officials said the gold mine has passed an economic feasibility assessment for development and utilization, with promising results expected. [Sound_bite] Zhu Yilin, Director, Mineral Exploration Division, Department of Geological Exploration Management, Ministry of Natural Resources: "The success of the Dadonggou Gold Mine exploration project has further bolstered China's strategic gold reserves and provided a successful example for mineral exploration in the deep and peripheral areas of the original resource base." [Voice_over] The price of gold has risen dramatically over recent years due to global economic and geopolitical uncertainty. It's currently trading at about 4,000 U.S. dollars per ounce. [Restrictions: No access Chinese mainland]

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