Discovery of World's Largest Gold Deposit in China

A massive gold deposit has been discovered beneath the Wangu gold field in Hunan province, China, potentially making it the largest gold ore deposit in the world, estimated at 1,100 tons and worth around $83 billion. This find surpasses South Africa’s South Deep mine, previously the largest, which holds 1,025 tons. The deposit reveals an extraordinary quality, with 138 grams of gold per metric ton of ore, significantly higher than typical gold mining standards. Experts believe the implications of this discovery could affect global gold markets and mining strategies. The discovery follows reports of over 40 gold veins detected at depths of up to 9,800 feet, and initial test drills show more gold around the site, hinting at additional deposits. As the world's largest gold producer and consumer, China's find is poised to reshape the dynamics of the precious metals market.