“Three new net gold mines with 16 tons of proven reserves have been found in Saqqez city in Kurdistan province!”-Behrouz Borna, Deputy Head of Iran’s Geology Organization for Exploration Affairs

April 11, 2012, Iranian officials announced they found gold in them there hills!

Iran already has several gold mine operations.  The latest finds bring Iran’s estimated gold reserves to 320 metric tons (352.7 tons).

Before the discovery of three more gold mines the U.S. CIA (Central Intelligence Agency) ranked Iran as the 22nd biggest holder of gold (and foreign currencies) in the world.

At the end of 2011, beginning of 2012, Iran set record gold reserves in USD value: $17.5 billion!