The Geological Bureau of Hunan Province in China announced on Nov. 21 that geologists had discovered a deposit of high-quality gold ore, with an estimated amount of reserves of more than 1,000 tonnes, reported Xinhua. It is thought to be one of the largest deposits in a single reservoir, though not the largest gold deposit in the world. South Africa’s Witwatersrand Basin is thought to contain about half of all known gold deposits in the world; in 2022, Uganda announced the discovery of deposits of an estimated 31 million tonnes of gold ore. The Geological Bureau in Hunan Province reported that high-tech ore detecting technologies had been used, such as 3D geological modeling.
Xinhua wrote, “Geologists have detected over 40 gold veins, with a reserve of 300 tonnes of gold, within a depth of 2,000 meters beneath the Wangu gold field in Pingjiang County, according to the bureau. The site’s gold reserve within the depth of 3,000 meters is further estimated at over 1,000 tonnes, valued at 600 billion yuan (about $83 billion).
