In the province of Karin (Erzurum), Historical Armenia, gold reserves of 8 million cubic meters were discovered.
In the village of Bogazgyren (which is home to 60 people), entrepreneurs have the right to mine gold on a land spot of 1,500 hectares.
According to preliminary estimates, the annual added value of the gold mine will be $400 million. Gold will be processed not with cyanide but via gravity, without harming nature.
Source: Western Armenia