This article is from the source 'rtcom' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at https://www.rt.com/business/570222-serbia-big-gold-discovery/

The article has changed 2 times. There is an RSS feed of changes available.

Version 0 Version 1
Huge gold deposit discovered in Serbia – official Huge gold deposit discovered in Serbia – official
(about 2 hours later)
The find could boost the economy of the country, which leads the Balkan region in terms of reserves The find boosts the country's position as the leader in the Balkan region in terms of reserves
A large gold deposit has been discovered in Serbia, the minister of mining and energy, Dubravka Dedovic Negre, announced on Friday.A large gold deposit has been discovered in Serbia, the minister of mining and energy, Dubravka Dedovic Negre, announced on Friday.
Preliminary results of technological tests have shown that it is possible to extract pure gold concentrate with a total gold utilization rate of more than 93% from the new deposit, the official said.Preliminary results of technological tests have shown that it is possible to extract pure gold concentrate with a total gold utilization rate of more than 93% from the new deposit, the official said.
She stressed that the discovery could be of great importance for the country’s economy, especially for eastern Serbia.She stressed that the discovery could be of great importance for the country’s economy, especially for eastern Serbia.
The find was made by Canadian-based international gold mining company Dundee Precious Metals, which operates projects in the Balkan country. The company said it discovered a high-grade deposit at the Coka Rakita exploration prospect in eastern Serbia and expects “exceptional results” from recent drilling.The find was made by Canadian-based international gold mining company Dundee Precious Metals, which operates projects in the Balkan country. The company said it discovered a high-grade deposit at the Coka Rakita exploration prospect in eastern Serbia and expects “exceptional results” from recent drilling.
The head of the ministry stressed that the project is at the stage of analysis and additional studies need to be conducted to verify the volume of the deposit. The head of the ministry stressed that the project is at the analysis stage and that additional studies are necessary to verify the deposit volume.
Earlier, Serbian President Aleksandar Vucic said his country has substantially increased gold reserves over the past two years.Earlier, Serbian President Aleksandar Vucic said his country has substantially increased gold reserves over the past two years.
According to the World Gold Council’s latest data, Serbia’s gold reserves of 38.1 tons make it the leading Balkan economy in terms of gold reserves and 54th in the world.According to the World Gold Council’s latest data, Serbia’s gold reserves of 38.1 tons make it the leading Balkan economy in terms of gold reserves and 54th in the world.
For more stories on economy & finance visit RT's business sectionFor more stories on economy & finance visit RT's business section