China just found a gold mine worth over $100 billion.…

 

 

China just found a gold mine worth over $100 billion.…

China found a 'supergiant' gold field in Hunan province, potentially holding over 1,000 tons of the precious metal valued at $100 billion.

 

Geological officials in central China's Hunan province have announced the discovery of a 'supergiant' gold deposit at the Wangu goldfield, hidden nearly 2,000 meters beneath the surface. The site features over 40 ore veins with 300 metric tons of confirmed reserves. Advanced 3D modeling suggests the total deposit could exceed 1,000 tons, representing a massive windfall for the region's mining sector and a testament to modern deep-earth exploration techniques.

 

This discovery comes at a critical time as global gold prices hover near historic peaks, significantly boosting China's position as the world's top gold producer. Estimated to be worth approximately 600 billion yuan, the find strengthens domestic resource security and provides a strategic buffer against international market volatility. By tapping into these deep-seated reserves, China continues to solidify its influence over the global precious metals market while showcasing its growing technical expertise in mineral extraction.

 

source: Geological Bureau of Hunan Province. Geological Survey and Discovery of the Wangu Supergiant Gold Field. Xinhua News Agency.