Massive Gold Deposit Found in China: Will it Impact Gold Prices?
A recently discovered gold deposit in Hunan Province, China, contains an estimated 1,000 metric tons of high-grade gold, valued at approximately US$83 billion. This surpasses previously estimated reserves of other major gold mines, making it potentially the largest and most lucrative gold deposit ever found. The discovery includes 40 gold veins within 2 kilometers, with 3D modeling suggesting even larger reserves at greater depths. High gold content within ore samples, exceeding 138 grams per metric ton, further highlights the exceptional quality of this find.
John Q. Hosedrinker