Geologists Might Have Stumbled Upon the Largest Gold Mine in the World

When you read this story you will learn:

• A “super giant” gold ore deposit beneath an existing gold mine in China could be the largest gold ore deposit in the world.

• Authorities estimate the size of the find could be 1,100 tons and extend from the surface to a depth of 9,800 feet.

• The find also holds promise for a high-quality gold producer.

Gold ore deposit discovered Chinese Not just giant. His Supercolossal. So much so that Chinese experts claim that this may be the world’s largest deposit. any precious metal-not just gold ore– have today.

How big is the “supergiant” deposit beneath the Wangu gold field in Hunan province? Experts estimate it to be 1,100 tons.

Accordingly Chinese state mediaA team of geologists detected more than 40 gold veins containing approximately 330 tons of gold ore at a depth of 6,600 feet beneath Pingjiang County’s Wangu gold field. But 3D modeling eliminates that number and shows it could be 1,100 tons at depths of up to 9,800 feet. If the models are correct, the entire deposit could be worth around $83 billion.

Adding some more weight to the already heavy (literally) find was the report that the discovery contained 138 grams of gold per metric ton of ore, a valuable ratio not often found in gold mining. “Many drilled rock cores showed visible gold,” said Chen Rulin, an ore exploration expert at China’s Hunan Provincial Geological Bureau, according to Chinese state media.

If the 1,100 tonnes figure holds, this would enable the new one to find or even surpass the world’s largest gold mine. South AfricaGüney Derin gold mine, with 1,025 tons of gold based on with Mining Technology. Mines in Indonesia, Russia, New Guinea and Chile are among the five largest gold mines in the world. Carlin Trend and Cortez gold mines in nevadaRanked 6th and 10th^This worldwide.

Historically, world mined 233,000 tonnes of gold are all still around in some form, and two-thirds of this has been mined since 1950.

Already the world largest gold producer China, which accounts for about 10 percent of global production, is heavily reliant on the metal and uses about three times as much gold annually as it mines. Such a high rate requires the country to purchase so much gold from other countries that it is also the world’s largest importer of this precious metal. This new discovery stimulated world gold markets and caused the price of gold to rise to $2,700 per ounce. based on with CCN.com.

And the gold news may not end there. According to Liu Yongjun, deputy head of the bureau, additional gold ore was found while drilling in the surrounding areas of the facility.