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Recently, a significant gold deposit known as the Katbaasu Gold Mine was discovered in Xinyuan County, Yili. This discovery is considered one of the most promising in recent years, with estimates suggesting that 53 tons of gold resources could be confirmed, and further exploration may reveal hundreds of tons more. The potential economic value of this site is estimated to be nearly 20 billion yuan. This marks another major breakthrough 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 is the only super-large gold deposit in the Central Tianshan area. It lies within a broader metallogenic zone that spans across Central Asian countries, offering excellent geological conditions for large-scale gold formation. The prospects for further exploration are very encouraging. The mine is expected to serve as an extension of the "Central Asian Gold Belt" in China. In addition, the tectonic alteration-related rock type prospecting associated with porphyry has opened up new possibilities for exploration in the Nalti area of the Western Tianshan.
Wang Chunlei, head of the first regional geological survey team of the Xinjiang Geological and Mineral Bureau, who oversees the project, shared that the newly discovered Katbaasu Gold Mine is part of Xinjiang’s “358†key projects. Geologists had already 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, launched a risk exploration initiative. So far, 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 expected to be completed and operational by the end of 2015. It will have a daily processing capacity of 3,000 tons of ore, producing 30,000 tons of gold annually, with an estimated output value of 513 million yuan. Further development is planned, and the mine is expected to grow into one of China’s largest gold reserves, significantly boosting the region's mineral wealth and economic growth.