According to the report of the Geological Department of Hunan Province, geologists of this organization have identified more than 40 gold veins, which contain deposits of about 300 tons of gold. These deposits were discovered at a depth of 200 meters below the Wangu gold field in Pingxiang County. They estimate that there are more reserves at a depth of 3,000 meters, totaling 1,000 tons. If this estimate is correct, the value of these assets can be 83 billion dollars.
Chen Rulin, a mining exploration expert at the Geological Administration, told Xinhua News Agency that many of the excavated rock cores indicated the presence of significant gold.
Just because there are gold deposits doesn’t mean it will be easy to mine. Due to various economic and geological factors, only ten percent of the earth’s gold reserves can be extracted and exploited. On the other hand, China has the technical knowledge and experience to do this.
China is currently one of the largest producers of gold and ranks third after Russia and Australia. In fact, most of the gold mined in the world (in the volume of a cube measuring 23 x 23 meters) has been obtained from these three countries.
One of the main reasons for the abundance of gold in China is its special geology. This vast land is located at the intersection of several tectonic plates, which causes significant geological activity. Geological activities create the conditions needed to create gold deposits. Hydrothermal systems, where liquids containing gold accumulate and accumulate in veins, are one of these activities.
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In addition to domestic reserves, China also has gold mining operations in parts of Africa. Africa also has many gold reserves due to its special geology.
Gold is a precious metal that is used in jewelry, luxury decorations and financial systems, as a vital material in the construction of computers, communication equipment, spacecraft, jet engines and other technical equipment.
Speculations suggest that China has recently bought large amounts of gold and expanded its mining projects to prepare for global instability and reduce its dependence on the US dollar. This idea may seem strange, but many geopolitical tensions and major economic dynamics in the modern world are influenced by the geology of our planet, and how we manage resources plays a decisive role in shaping these issues.
