12. Oct 2009
China reports major gold discovery in Qinghai
(Commodity online; Xinhua) China's Bureau of Geology and Mineral Resources (BGMR) have announced the discovery of fresh gold findings in Qinghai province, in the traditional Tibetan area of Amdo and a portion of Kham. According to the report, BGMR have discovered 106 confirmed gold ore bodies in a gold mine in Dachang, which is located in Chumarleb (Chin: Qumarleb/ Qumalai) county, Yushu TAP. The Dachang mine, discovered in 1997, is still being evaluated for gold ore content, but is thought to contain over 300 tons of gold, according to the report. The mine is expected to become a major gold resources development base. The bureau plans to finish the prospecting work on the main gold area by the end of 2009 and to start development of the mine in 2010.