The largest gold deposits have been discovered in China

Gold veins with $82.8 billion worth of metal reserves have been discovered in the central Hunan province of China. This was announced today, November 21, by the Geological Department of the province on the WeChat social network.

In Pingjiang County, more than 40 gold-bearing veins were discovered at the Wangu deposit at a depth of more than 2 thousand meters. It is noted that a total of 300.2 tons of gold reserves were found in the main exploration area, where the highest gold content in the ore was 138 grams per ton.

"Experts agreed that the scale of ore deposits in the Wangu gold deposit is enormous. It is assumed that at a depth of more than 3 thousand meters, gold reserves will amount to more than a thousand tons, and the cost of resources will reach 600 billion yuan ($ 82.8 billion), based on the current gold price," the report said.

According to the World Gold Council, China accounted for about 10% of gold production in 2023.