Surveys in southeast China have revealed the presence of a massive gold deposit, the value of which has been estimated at tens of billions of dollars.
Dozens of gold veins
According to the statement from the Geological Bureau of Hunan Province, more than 40 veins oforcorresponding to 300 tonnes of this precious metal, were detected at a depth of 2,000 meters beneath the existing Wangu deposit in Pingjiang County. “ Many drill cores contained gold visible to the naked eye “, explained prospecting expert Chen Rulin.
Advanced modeling indicates that other deposits lie hidden at depths of up to 3,000 meters, totaling 1,000 tonnes of gold, the equivalent of $83 billion.
If it is estimated that only 10% of the planet’s gold deposits are exploitable, the Chine has the technical, economic means and experience necessary to carry out this type of operation. The world’s leading producer of gold, it is ahead of Russia and Australia.
This abundance is closely linked to the geology of the country. A vast land mass located at the junction of several tectonic plates, it presents the conditions necessary for the concentration of gold-bearing fluids in the form of veins.
Gold to do everything
Exploited since Antiquity, for the manufacture of coins, precious artifacts or the decoration of buildings, gold has long been the central element of the international monetary system. Remaining a leading reserve asset, it is today widely used in electronics and aerospace.
The recent purchase of significant quantities of the metal and the expansion of mining activities by China, which also controls extraction operations in parts of Africa, are said to be aimed at reducing its dependence on the US dollar.
In September, a study suggested that earthquakes produced giant gold nuggets.
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