Xiling: The estimated total gold reserves at the Xiling gold mine in Shandong province has risen to about 592.2 metric tons after a new discovery of more than 200 tons of the metal in the mine, according to Shandong Gold Group Co, which held a news conference on Thursday morning to announce the discovery.
The gold reserves have a potential value of more than 200 billion yuan ($27.7 billion). The discovery makes Xiling the largest single gold reserve mine in China, the group said.
The group announced in 2017 that it had detected 382.6 tons of gold in the mine. It also discovered 590 tons of silver. –The Daily Mail-China Daily news exchange item
