
China Discovers World’s Largest Gold Deposit
- World News
- November 29, 2024
- No Comment
A colossal gold deposit, potentially the largest in the world, has been uncovered in China, sparking global attention.
Initial estimates suggest that the deposit contains up to 1,000 metric tons of high-quality gold, positioning it as a major discovery in the mining world.
Located in the Hunan province, this newfound treasure is valued at over $83 billion USD. Early investigations reveal that at least 300 metric tons of gold have been identified at a depth of 2 kilometers, with more expected to be found at greater depths.
Geological experts believe that gold reserves may stretch as deep as 3,000 meters, which would significantly increase the deposit’s estimated value.
Prior to this, the largest known gold reserves were in countries such as South Africa, Indonesia, Russia, and the United States. With this new find, China could soon lead the global gold market.