World’s Largest Gold Deposit Found in China: Valued at ₹7 Lakh Crore!
In a groundbreaking discovery, China has unearthed what is being hailed as the world’s largest gold deposit, valued at an astonishing ₹7 lakh crore (600 billion yuan). The Geological Bureau of Hunan Province has confirmed the presence of 1,000 metric tonnes of high-quality gold ore in Pingjiang County, located in northeastern Hunan.
Details of the Discovery
The massive deposit was uncovered using advanced techniques like 3D geological modeling, enabling scientists to map gold reserves at unprecedented depths. Initial explorations revealed 40 gold veins within 2 kilometers, holding approximately 300 metric tonnes of gold. Remarkably, the visible gold in drilled rock cores indicated concentrations as high as 138 grams per tonne of ore.
Experts believe there is more to this deposit. Advanced modeling suggests deeper reserves, possibly extending up to 3 kilometers, making it a potentially game-changing find for the global gold mining industry.
Implications for China’s Economy
This discovery holds immense significance for China's gold industry and economy. With such an enormous reserve, China could strengthen its position as a leading global player in gold mining, reduce reliance on imports, and enhance its economic stability.
Liu Yongjun, the vice head of Hunan’s Geological Bureau, emphasized the importance of new-age technologies like 3D modeling in locating these reserves. The exploration also identified promising peripheral sites for further drilling, which may uncover additional deposits.
How It Compares Globally
Before this discovery, the largest known gold reserve was the South Deep Gold Mine in South Africa, which holds 930 metric tonnes. Other notable gold reserves include:
- Grasberg Gold Mine (Indonesia)
- Olimpiada Gold Mine (Russia)
- Carlin Trend Gold Mine (USA)
This new find in Pingjiang County not only surpasses South Deep but also positions China as the holder of the world’s most significant gold reserve.
Global Gold Industry Impact
The discovery will undoubtedly influence the global gold market. A deposit of this scale could lead to changes in gold prices and supply dynamics. With visible gold concentrations and potential reserves at greater depths, this discovery may spark technological innovation and inspire deeper mining explorations worldwide.
Conclusion
This monumental find marks a milestone in mining history and underscores the value of technological advancements in ore prospecting. While the full potential of this discovery is yet to be realized, it undoubtedly cements China’s growing dominance in the global commodities market.
Stay tuned for more updates as this story develops and its global impact unfolds!
Refernce from:- https://www.ndtv.com/feature/worlds-largest-gold-deposit-found-in-china-valued-at-a-staggering-rs-7-lakh-crore-7130478