Thursday, 21 April 2011

Dubai gold miner goes for double or nothing - The National

A Dubai company has more than doubled its estimate of the size of a gold discovery in Yemen as the price of the precious metal hits an all-time high.

Thani Emirates Resource Holdings, a privately held minerals company, confirmed last year its Wadi Madden discovery contains at least 2.2 million ounces of gold reserves.

Now, new drilling results have indicated the probable presence of an additional 2.7 million ounces.

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