(MENAFN) China has revealed the discovery of its most significant individual gold reserve in more than seven decades, announcing on Friday that a major new deposit has been confirmed.

According to official statements, the Dadonggou Gold Mine in the northeastern province of Liaoning contains 1,444.49 tons of verified gold, a figure confirmed by the Ministry of Natural Resources. Reports indicate that the site has already undergone and passed a full economic viability review, allowing development efforts to move forward.

Classified as an expansive open-pit operation, the deposit sits in a zone where roughly 2.586 billion tons of ore lie above the 720-meter (2,362-foot) mark, with an average gold grade of 0.56 grams (0.02 ounces) per ton, officials noted.

The discovery emerged after a notably accelerated 15-month exploration campaign. According to reports, this rapid process is now being highlighted as a potential blueprint for future “short-cycle, high-quality” mineral exploration strategies.

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