Riyadh – Saudi Arabia has announced the discovery of significant gold reserves in the Makkah region, south of the Mansourah Massarah mine, according to state-owned mining company Maaden.
Maaden reported that multiple high-grade deposits were found along a 100 km stretch, with drill samples yielding up to 20.6 grams of gold per ton.
The discovery could significantly extend mine operations, support underground expansion, and potentially form a world-class gold belt spanning nearly 125 km.
The Mansourah Massarah mine currently holds about seven million ounces of gold reserves and produces 250,000 ounces annually.
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Officials noted that the new discovery aligns with Saudi Arabia’s Vision 2030 strategy, which aims to make mining a core pillar of the national economy alongside energy and technology.
Industry analysts say this discovery could boost Saudi Arabia’s position in the global gold market and further diversify the kingdom’s economic base.