{"id":10926,"date":"2024-12-01T17:16:06","date_gmt":"2024-12-01T17:16:06","guid":{"rendered":"https:\/\/gsrra.com\/?p=10926"},"modified":"2024-12-01T17:16:07","modified_gmt":"2024-12-01T17:16:07","slug":"china-discovers-worlds-largest-underground-gold-deposit-worth-over-80bn","status":"publish","type":"post","link":"https:\/\/gsrra.com\/?p=10926","title":{"rendered":"China discovers world\u2019s largest underground gold deposit worth over $80bn"},"content":{"rendered":"\n<p><strong><em>China unveils the world\u2019s largest gold deposit worth $80 billion, signaling global economic implications.<\/em><\/strong><em><strong>China discovers world\u2019s largest underground gold deposit worth over $80bn<\/strong><\/em><\/p>\n\n\n\n<p>China has uncovered the world\u2019s largest known gold deposit, estimated to be worth over $80 billion. Located at the Wangu goldfield in central China, this massive discovery could yield more than 1,000 tonnes of gold, according to the Geological Bureau of Hunan.<\/p>\n\n\n\n<p>The site in Pingjiang County, Hunan Province, contains 40 gold veins, which are long, narrow channels filled with gold, at a depth of about one mile. Early test drilling has already revealed 300 tonnes of gold, with further reserves potentially existing at greater depths.<\/p>\n\n\n\n<p>Drilled rock cores have also shown visible gold, and additional test drills have found more gold around the peripheral areas of the site, suggesting the deposit may be even larger.<\/p>\n\n\n\n<p>If the gold deposit is fully realized, it could generate more than 600 billion yuan, or about $83 billion (\u00a365 billion). This discovery has caused a rise in global gold prices, although future trends remain uncertain due to global geopolitical tensions.<\/p>\n\n\n\n<p>With China\u2019s increasing demand for gold amidst worldwide uncertainties, the find is also seen as crucial for strengthening the country\u2019s resource security.<\/p>\n\n\n\n<p>The Wangu goldfield is a key mining area for China, with the country investing nearly 100 million yuan in mineral exploration there. As of 2023, China produces roughly 10% of the world\u2019s gold and is a global leader in mining and precious metal production, particularly for the growing industries of electronics and battery technology.<\/p>\n\n\n\n<p>The nation also leads in the development and export of mining technologies, including efforts to reduce carbon emissions in mining processes.<\/p>\n\n\n\n<p>Reference Link:- <a href=\"https:\/\/tribune.com.pk\/story\/2512674\/china-discovers-worlds-largest-gold-deposit-worth-over-80bn\" target=\"_blank\" rel=\"noopener\">https:\/\/tribune.com.pk\/story\/2512674\/china-discovers-worlds-largest-gold-deposit-worth-over-80bn<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>China unveils the world\u2019s largest gold deposit worth $80 billion, signaling global economic implications.China discovers world\u2019s largest underground gold deposit worth over $80bn China has uncovered the world\u2019s largest known gold deposit, estimated to be worth over $80 billion. Located at the Wangu goldfield in central China, this massive discovery could yield more than 1,000 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[1925,282,29,6994,6991,132,6992,6995,6993,60],"class_list":["post-10926","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sample-category","tag-blessed-nation","tag-bri","tag-china","tag-china-discovers-huge-gold-deposits","tag-china-discovers-worlds-largest-underground-gold-deposit-worth-over-80bn","tag-economy","tag-gold-deposits","tag-rich-gold-deposits","tag-worlds-largest-gold-deposits","tag-geopolitics"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/10926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=10926"}],"version-history":[{"count":1,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/10926\/revisions"}],"predecessor-version":[{"id":10929,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/posts\/10926\/revisions\/10929"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=\/wp\/v2\/media\/10927"}],"wp:attachment":[{"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=10926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=10926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gsrra.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=10926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}