China has discovered the world’s largest gold deposit in the Wangu gold field in Pingjiang County at depths of between 2,000 and 3,000 metres.

The estimated reserves of the deposit in Hunan Province could exceed 1,000 tonnes and “includes more than 40 gold veins with significant gold content”.

According to preliminary analyses, “300 tonnes have been identified at a depth of 2,000 metres, while the estimated reserves at greater depths reach 1,000 tonnes, valued at 600 billion yuan (approximately 83 billion dollars, 79 billion euros).”

Visible gold was found in the drilling operations in concentrations of up to 138 grams per tonne of mineral. The quality of this gold was certified by mineral prospecting expert Chen Rulin, who underlined the strategic importance of the discovery for the Chinese mining industry.

This discovery used “advanced prospecting technologies, such as 3D geological modelling, which allowed the gold veins to be located with great precision.”

According to Liu Yongjun, deputy director of the Hunan Geological Bureau, traces of gold were also detected in peripheral areas of the site, which reinforces the national gold reserves “and could positively impact China’s ability to guarantee the supply of this strategic mineral.”

M.Pino

Source: DW

(Reference image source: Jingming Pan on Unsplash)

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