Saudi Arabian Mining Company (Maaden) discovered considerable gold deposits 100 km south of the Mansoura and Masara gold mines.
Even before this finding, Saudi Arabia was ranked 14th among the top countries with the largest gold reserves. The business reported its first mineral finding as part of its 2022 exploration program, which will lead to the building of a new production line.
Maaden is exploring the Mansoura and Masara areas for mineral resources comparable to those found south of Uruq.
These places have the same geological and chemical properties as the mine deposits. High-quality drill intersections were discovered 400 meters from Mansoura and Masra.
The deposits contain core extracts of 61 meters at 10.4 g/t gold and 20 meters at 20.6 g/t gold. Ma’aden increased exploration in Jabal Ghadarah and Bir Tawil, transferring 1.5 million ounces of resources, 25 km north of Mansoura and Masara.
Positive exploration results led to the identification of a 125-kilometer potential gold mining area in Saudi Arabia. It is intended to achieve international recognition and become a prominent gold belt.
Exploration around Mansoura and Masara reveals vast resources at depth and along the area, showing the region’s wealth potential.
Underground development may extend the mine’s life. Maaden oversaw one of the world’s most extensive exploration operations last year.
Discoveries demonstrate latent mineral riches in Saudi Arabia, which supports Vision 2030’s goal of diversifying income sources.