Officials say that a gold field deposit in Hunan province could yield over 1,000 tonnes of the precious metal.
China believes it has found the world's biggest gold deposit, with reserves estimated to be worth more than $80 billion.Chinese state media said that a gold ore deposit site with supposed reserves of more than 1,000 tonnes at a depth of 2,000 meters had been located in the Wangu goldfield in Pingjiang County in central Hunan province. Newsweek was unable to independently verify the report.
'Many drilled rock cores showed visible gold,' said Chen Rulin, an ore-prospecting expert at the Geological Bureau of Hunan Province.Liu Yongjun, vice head of the bureau said that advanced 3D geological modeling was used at the Wangu gold field to estimate that around 1,000 tonnes of gold reserves may go down as far as 3,000 meters at the site.The Hunan Provincial Geological Institute classified the discovery as a 'massive' reserve, reported the South China Morning Post.
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