“A large deposit of high-grade gold ore containing about 1,000 metric tons of the precious metal has been discovered in central China.”, — write: epravda.com.ua
A large deposit of high-grade gold ore containing about 1,000 metric tons of the precious metal has been discovered in central China. This is reported by ScienceAlert. The discovery, which is valued at approximately 600 billion yuan or 83 billion dollars, can be considered the largest and most profitable gold deposit ever discovered. Geologists in Hunan province in China announced the discovery of 40 gold veins at a depth of 2 km. These deposits alone are said to contain 300 tons of gold, and 3D modeling has shown that there may be additional reserves as deep as 3 km.Advertisement: Core samples show that each metric ton of ore may contain up to 138 grams of gold.Advertisement: China already dominates the world gold market. The country’s reserves at the beginning of 2024 exceeded 2,000 tons, and its mining industry provides about 10% of global production. The announcements of the finds contributed to further growth in the already strong price of gold, as demand for the resource continues to rise amid global uncertainty. Recall: China’s central bank did not buy gold in May, ending a massive 18-month buying spree after the precious metal soared to a record high.
