Overview
- The Ministry of Natural Resources says the Dadonggou deposit in eastern Liaoning contains roughly 1,444 tonnes of gold, calling it the biggest single discovery since the founding of the People’s Republic.
- Technical estimates cited in reports put the ore at about 2.586 million tonnes with an average grade near 0.56 grams per tonne, indicating a low-grade but extensive deposit.
- At current prices, the resource is valued at more than €166 billion, reflecting strong global demand for the metal.
- Liaoning Geological and Mining Group led the exploration with around 1,000 personnel, completed planned drilling in about 15 months, and authorities say an initial feasibility study is done.
- A joint venture involving China National Gold Group, Liaoning Mineral Geology Group, and the Yingkou city government plans to create a full extraction-to-processing chain, with the precise site kept confidential.