China Discovers Largest Gold Deposit in the World

Beijing, March 8. This time, China's fortune shines in golden hues, as a massive gold reserve has been discovered in the country. 

This gold reserve is estimated to contain about 1,000 metric tons of gold. China discovered this golden reserve at the end of December 2024, and additional updates have emerged. However, some questions have also been raised regarding this discovery. 

If China's claim proves to be true, it will be the largest gold deposit discovered to date, larger than any gold reserve in the deep mines of South Africa.

The value of this treasure found in Chinese soil is estimated to be around 83 billion US dollars, equivalent to 600 billion yuan. This will greatly strengthen China's economy. Additionally, it may also have an impact on global gold prices.

According to a report from Science Alert, the Geological Bureau of Hunan Province found 40 gold mines at a depth of 2 kilometers in Pingxiang County, estimated to contain around 300 metric tons of gold. 

However, after using 3D modeling technology during this process, it is reported that even more gold reserves were found at a depth of 3 kilometers.

This means the total weight of this gold reserve could reach up to 1,000 metric tons. Currently, technicians from the Hunan Geological Disaster Survey and Monitoring Institute are testing samples from the gold mines in Pingxiang County.

Chen Rulin, an investigator from Hunan's Geological Bureau, stated in a press release, 'Gold was found in the rock core during drilling in Pingxiang County. When testing the samples, up to 138 grams of gold was found per metric ton of ore.' China, contributing approximately 10 percent to global gold production, is already a leader in the global gold market. Now, with the discovery of a new gold reserve, China's contribution becomes significantly important. Chinese experts even believe that many large gold reserves are still hidden beneath Chinese soil.