(ECNS) -- A huge undersea gold deposit, the largest in Asia, has been discovered in Yantai, East China's Shandong Province, recently, according to the local municipality.
The new deposit is located north of Sanshan Island in Laizhou City, with identified cumulative gold resource reserves exceeding 3,900 metric tons. This accounts for about 26% of the national total, ranking first in terms of resource reserves and production in China.
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