The Saudi Arabian Mining Company (Maaden) revealed these deposits spanning a 100km area could lead to an expanded gold mining operation following its 2022 exploration initiative.

Promising drilling in the Uruq South vicinity indicated high-grade gold, with some samples showing 10.4 and 20.6 grams per ton, respectively.

Maaden is set to amplify drilling efforts in 2024 to further investigate the area's potential. Moreover, prospects near Mansourah Massarah suggest the mine's resources could deepen and extend, potentially increasing the mine lifetime.

As of the end of 2023, the mine's gold resources stood at nearly seven million ounces, and it has a production capacity of 250,000 ounces annually.

CEO of Maaden, Robert Wilt, expressed that these findings could position the region at the heart of a global gold rush, aligning with Saudi Arabia's aim to diversify its economy through mining, consistent with its Vision 2030.

Maaden, which is majorly owned by Saudi Arabia's Public Investment Fund, also partnered in January 2023 to create Manara Minerals, a venture focusing on global mining investments.

The Mansourah Massarah mine, technologically advanced and holding the title of Saudi Arabia's newest and largest gold mine, yielded 11,982.84 ounces of gold in 2022. The site operates environmentally sustainable practices and utilizes sophisticated technologies for processing gold ore.