The Chinese government says it has found the largest gold deposit in the worldwith reserves estimated at more than 80,000 million dollars (75,600 million euros).
Chinese state media have reported that a gold deposit with alleged reserves of more than 1,000 tons at a depth of 2,000 meters at the Wangu goldfield in Pingjiang county, central Hunan province.
According to the state media Xinhuathe Pingjiang County goldfield is valued at 600 billion yuan (83 billion US dollars or 78,000 million euros).
The largest current gold reserve is located at the South Deep gold mine, in the Gauteng province of South Africa, which contains around 930 metric tons of gold.
The Hunan Academy of Geology says workers found more than 40 veins of gold ore at a depth of more than 2,000 meters in Wangu. More than 300 tons of gold reserves were found in the central area of the mine, and that metric ton of ore could produce up to 138 grams of gold.
“Many rock cores drilled showed visible gold,” says Chen Rulin, a mineral prospecting expert at the Geological Survey of Hunan Province.
Liu Yongjun, deputy director of the bureau, says an advanced 3D geological model was used at the Wangu goldfield to estimate that around 1,000 tons of gold reserves They could reach up to 3,000 meters at the site.
The importance of the find also has to do with the use of gold. 80% of gold production goes to the manufacture of electronic devicesdue to its conductive conditions.
In addition, it is a key material for space exploration, since gold used in spacecraft and satellitesas a coating for temperature control and radiation shielding.
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