The value of the mine’s reserves is estimated at more than eighty billion US dollars.
Chinese official media reported that the reserve was discovered in the Wangu field For goldmiddle ChinaIt may produce more than 1,000 tons of gold, according to what was announced by the Geological Authority of Hunan Province.
The authority reported the discovery of 40 golden veins, which are long and narrow openings in the rocks containing the metal, at a depth of about a mile in Pingjiang Province, Hunan.
The authority explained that these rocks alone may contain 300 tons of gold, with the possibility of additional reserves in deeper layers.
Drilling tests in the areas surrounding the site indicated the presence of additional quantities of gold, indicating that the reserve may be larger than announced, according to the British newspaper “The Independent”.
Wangu gold field is one of the most important centers Mining In China, the state has invested nearly 100 million yuan in mineral exploration in the region.
China is one of the world’s largest gold producers, and by 2023, the country produced about a tenth of global gold production.
The country is also considered a world leader in mining, dominating the production of… Precious metals Used in the manufacture of new generations of batteries And electronics.
