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Iran discovers new gold reserves in West Azarbaijan province

Business Materials 25 May 2018 12:47 (UTC +04:00)

Tehran, Iran, May 25

By Kamyar Eghbalnejad- Trend:

Iran has identified new reserves at the country’s Zarshouran gold mine located in the northwestern province of West Azarbaijan, said Deputy Minister of Industry, Mining and Trade Mehdi Karbasian.

Karbasian said that based on estimates, the mine has a reserve of 40 tons of gold, Mehr news agency reported.

Zarhsouran Gold Mine, which became operational in late 2014, is located 35 kilometers from Takab town in the northwestern province of West Azarbaijan.

The Zarshouran gold complex is one of the most important mineral projects, widely referred to as the "golden giant of Iran".

Initial estimates have put recoverable gold deposits in Zarshouran at 55 tons, which could rise to 110 tons by further drilling.

Iran has identified as many as 15 mines so far, capable of yielding 320 metric tons of processed gold. The country’s gold mines are mostly concentrated in the country’s Azarbaijan area, where about 0.5 percent of the world’s minable gold reserves lie in West Azarbaijan province.

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