It is a discovery that has been made in the center of the Asian country of China, where they have found about 1,000 metric tons of gold. Depending on the currency in which you look at it, we would be talking about no more and no less than 600 billion yuan, or in the case of the United States, 83 billion dollars. Without a doubt, this is one of the most spectacular deposits ever seen, although it has not been verified, concretely, as the largest in the world.
Many of the rock samples from this Chinese gold deposit may contain more than 0,28 ounces of gold: a high level of quality.
In this Chinese gold deposit, according to the Hunan Province Geological Bureau, there are 40 gold veins at a depth of 1,2 miles. The specific point where the mine is located is Pingjiang County, in the northwest of the province. At this location, only 300 metric tons of gold are thought to exist, although a 3D model predicts that there may be more reserves slightly deeper at 1,86 miles. Office prospector Chen Rulin, indicates that much of the drilled rock cores contain gold to the naked eye.
In the study of this gold deposit, according to the extracted samples, it can be said that there are up to 5 ounces of gold per metric ton. Therefore, it can be said that this is an extraordinary level of quality, since when it contains or exceeds 0,28 ounces, it is considered high grade. In addition, a fact to highlight is that China reached an all-time high of 2,264.32 tons in the second quarter of 2024. Furthermore, the mining industry in this country is equivalent to 10% of the world’s production.
Have we reached the end of gold or is there more yet to be described?
Another issue is the uncertainty about the existence of more reserves still undiscovered, which makes us wonder if the peak of gold has been reached. The truth is that, according to the latest discoveries, there may still be viable reserves. In China, in fact, last March of last year, a treasure hunter found the largest gold “Hiro nugget” to date, weighing 2,28 ounces. This, along with Australian research on the formation of gold by seismic activity, means that more is being learned about this precious metal every day.
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