Scientists in China’s Hunan province have uncovered an enormous gold deposit within the Wangu gold field, estimated to hold approximately 1,100 metric tons of gold, valued at nearly $100 billion. This significant find, touted as one of the largest natural gold reserves globally, is poised to alter global gold markets and influence mining strategies worldwide.
The deposit’s exceptionally high ore quality, with an average gold content of 138 grams per metric ton, far exceeds typical gold ore grades, reinforcing China’s dominion in the global gold production arena. This discovery not only bolsters China’s domestic gold reserves but is also expected to play a pivotal role in stabilizing and shaping international gold markets.
