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Recently, a massive gold deposit known as the Katbaasu Gold Mine was uncovered in Xinyuan County, Yili. This discovery is expected to bring in 53 tons of gold resources, with potential reserves reaching hundreds of tons, and an estimated economic value of nearly 20 billion yuan. The find marks another major breakthrough in gold exploration in the Yili region, following the discovery of large-scale gold deposits by the First District Brigade of the Xinjiang Geological and Mineral Bureau back in 1988.
According to Dong Lianhui, chief engineer at the Xinjiang Geological and Mineral Bureau, the Katbaasu Gold Mine stands out as the only super-large gold deposit in the Central Tianshan region. It lies within a metallogenic area that spans across Central Asian countries, offering excellent conditions for gold formation. The mining prospects are highly promising, and the site is expected to become a key part of China's "Central Asian Gold Belt." Additionally, the tectono-altering rock-type exploration associated with porphyry has opened up new possibilities for mineral prospecting in the Nalti area of the Western Tianshan.
Wang Chunlei, head of the first regional geological survey team at the Xinjiang Geological and Mineral Bureau, who oversees the project, shared that the Katbaasu Gold Mine is one of the key "358" projects in Xinjiang. Geologists first identified promising signs in the area as early as 2006. To accelerate progress and attract more investment, the Xinjiang Geological and Mineral Bureau, in collaboration with the First Zone Adjustment Brigade and Hainan Meisheng Company, initiated risk-based exploration in the region. To date, nearly 180 million yuan in social capital has been invested in the project.
Fu Shuzhou, general manager of Xinjiang Meisheng Mining Co., Ltd., stated that the mine is scheduled to be completed and start operations by the end of 2015. It is expected to process 3,000 tons of ore daily, producing 30,000 tons of gold annually, with an output value of 513 million yuan. Further development plans suggest that the mine’s scale will continue to grow, potentially placing it among the largest gold mines in the country. This discovery not only boosts local economic growth but also strengthens Xinjiang’s position in the global gold market.