China discovers supergiant gold deposit worth US$83 billion

A massive gold deposit, estimated to hold over 1,000 tonnes of reserves, has been uncovered in central China's Hunan Province, marking a significant breakthrough in the region's mining industry. The discovery was announced by the Geological Bureau of Hunan Province. This is reported by CGTN, a partner of TV BRICS.

The Wangu Goldfield in Pingjiang County revealed more than 40 gold veins within 2,000 metres beneath the surface, containing an estimated 300 tonnes of gold. Further exploration indicates that reserves within a depth of 3,000 metres could exceed 1,000 tonnes, with a market valuation of approximately US$83 billion.

Remarkably, one tonne of ore from the 2,000-metre depth contained up to 138 grams of gold, underscoring the site's exceptional richness.

The exploration team employed cutting-edge technologies such as 3D geological modelling to locate and assess the deposit. According to the source, the discovery opens up further potential for gold extraction, as significant reserves have also been identified in surrounding areas during drilling operations.

This monumental find is expected to boost Hunan Province's position as a major player in China’s gold mining sector and provide a significant economic windfall for the region.

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