Eilat of gold?



Large stores of gold ore may be waiting to be mined in southern Israel.

An Australian prospector, Rod Salfinger, has confirmed recent findings of gold deposits in the Eilat area, Yediot Achronot reported Monday.

The gold concentration in soil samples was found to be four grams per ton, enough to warrant industrial mining, the newspaper quoted Salfinger as saying. Salfinger heads the Canada-based gold exploration company KiTov Resources.

Further digs are to be held in December.

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