Geologists have discovered a large gold deposit located in the Xinjiang Uygur Autonomous Region in the northwest of China, near the border with Kyrgyzstan, the Chinese news agency Xinhua reports. According to experts, confirmed gold reserves in the new field are estimated at 127 tons, and their cost is almost $ 6.5 billion. The 
Xinjiang Bureau of Geology and Mineral Exploration spent twenty years searching for deposits in the area. This is the largest gold deposit discovered in Xinjiang over the past two decades.
"It is very likely that the mine's total reserves will exceed 200 tons," said Cui Hongbin, the head of the intelligence team.
He also noted that this opening will not only increase gold production in the PRC, which reached 211 tons in the first half of 2014, but will also bring income and employment to the local population.
The opening of the new field attracted attention of the main mining companies of China, which already expressed interest in the joint development of this mine.