Sharafabad Gold Mine is located 30 km northwest of Varzaqan city. In 2009, the mine exploitation license was issued by the East Azarbaijan Organization of Mines and Industries, named Zarkavan Arasbaran Company.

 The mine has been closed for almost five years after receiving the operating license And then in 2014, during several months of mining and mining operations. Due to the absence of the processing factory , the mine was closed again Until the second half of 2016 by solving local problems The mine development plan and processing plant have been prepared for the next five years of mine activity.