Kathmandu. China has discovered a huge treasure. Which can change china’s economic picture.
Chinese geologists have found a huge gold deposit under a mine located in China. Officials in Beijing estimate that the gold reserves could be as high as 1,100 tonnes. Which extends up to 9,800 feet below the ground level.
Chinese experts claim that it will set a record for the largest deposit of any precious metal in the world. They expect high-quality gold to come out of this store.
According to the report, a team of Chinese geologists has discovered more than 40 gold wines of 330 tons of gold ore at a depth of about 6,600 feet under the Wangu Gold Area of Pingjiang County in Hunan Province. 3D modelling suggests that there can be reserves of up to 1,100 tons at a depth of 9,800 feet. If these models prove to be true, the value of this entire gold reserve could be as high as $483 billion.
Gold quality is excellent
The new discovery contains 138 grams of gold per metric tonne of ore. It is very difficult to find in a gold mine, which means its quality is extremely good. Chen Rulin of the Geological Bureau of Hunan province said, “This additional gold deposit has been seen in the drilled rock core. If the figure of 1,100 tonnes is correct, it will become the world’s largest gold mine. ’
The record for the world’s largest gold mine is still in the name of South Africa’s South Deep Mine. It contains 1,025 tonnes of gold. Mines in Indonesia, Russia, New Guinea and Chile are among the top five gold mines in the world. Carlin Trend and Cortez gold mines in Nevada rank sixth and tenth in the world. If China gets this gold reserve, then the world’s economy can get huge growth.
How much gold does China have?
So far, 233,000 tonnes of gold has been extracted from the world. Two-thirds of this has been extracted since 1950. China has an important contribution to gold mining. Experts believe that many gold reserves are hidden in China.
China is at the forefront of the world’s gold market. China’s mining industry contributes 10 percent of the world’s gold production.
China ranks sixth in the world in terms of gold reserves. China has 2,264 tonnes of gold reserves. China has rapidly increased its gold reserves in recent years. With the new discovery of gold reserves, China’s gold reserves may increase further in the coming days. The United States currently has the world’s largest gold reserves. – Agency
