Foreign Property News | Posted by Zarni Kyaw
Gold, shiny yellow metal has been valued throughout history for jewelry, currency, and investment.
The steady rise in gold prices reflects increasing investor interest in the yellow metal amid global market fluctuations.
What if we tell you that a massive 1,000-ton gold deposit, valued at approximately €78 billion (600 billion yuan) has been found!
One of the largest finds in recent history, this discovery is likely to shake up the global gold market and drive economic growth.
Well, this massive yellow metal deposit has been discovered in Pingjiang County, Hunan Province, China.
According to the news report in Indian Defense Review, the gold deposit lies within the Wangu gold field.
Geologists have discovered out over 40 gold veins extending to depths of 2,000 meters.
Initial estimates indicate that these veins have at least 300 metric tons of gold.
However, deeper drilling—extending to 3,000 meters—has uncovered even greater reserves, raising total projections beyond 1,000 metric tons.
Geologist Chen Rulin described the discovery as extraordinary, highlighting that numerous drilled rock cores exhibited visible gold—a rarity in exploration.
Some samples contained up to 138 grams of gold per metric ton of ore, an exceptionally high concentration that could position this site among the most lucrative in modern mining history.
With such a vast gold reserve, Hunan Province is poised to emerge as a key player in the global gold industry.
The significance of this discovery reaches beyond the mining sector: Job creation.
Ref: World’s largest gold reserve worth Rs 7095771696000 discovered in…., the deposit lies within…
