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Gold deposit in northwest China province said worth $32 billion
URUMQI, China, May 21 () -- Geologists in China say they've found gold reserves in a northwestern province that could be worth $32 billion to the country's economy.The discovery was made in China's Xinjiang Uygur Autonomous Region, the country's state-run Xinhua News Agency reported Tuesday.The gold deposit in Xinyuan County in the Ili Valley is estimated to contain at least 53 tons, Zeng Xiaogang,[url=http://www.myeduhelp.com/]christian louboutin men[/url], head of the region's geology and mineral resources bureau, said.The gold-bearing region reportedly stretches for almost 2 miles at depths of 200-1,000 feet.It is also estimated to hold 31,000 tons of copper, Zeng said.A mining group has spent 5 years and $24 million to find the reserves, which it hopes to begin mining by the end of 2015,[url=http://www.leedpe.com/]cheap christian louboutin shoes[/url], he said.It is the second large gold reserve discovered in the Ili Valley; one containing 50 tons was found in 1988,[url=http://www.govtvault.com/]gucci outlet online[/url], Zeng said.