Saudi Arabian Mining Company (Maaden) has announced the discovery of substantial gold resources over a 100km stretch south of its Mansourah Massarah gold mine in Al Khurmah governorate.
This marks the first find under Maaden’s extensive 2022 exploration program, showing potential for an expanded gold mining operation in the region., according to a report in the Saudi Gazette.
Encouraging drill results from Uruq South indicate geological characteristics similar to those of Mansourah Massarah, with high-grade gold deposits of 10.4 g/t and 20.6 g/t.
Positive drilling outcomes around Mansourah Massarah suggest the potential for resource expansion and extended mine life.
The discoveries align with Saudi Arabia’s Vision 2030, aiming to diversify the economy and establish mining as a key pillar.
Maaden, majority-owned by the Public Investment Fund, envisions these findings as crucial to global gold exploration, supporting the nation’s economic growth strategy.
Mansourah Massarah, Saudi Arabia’s newest and most advanced gold mine, is set to play a pivotal role in the country’s mining sector.
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