Wangu mine
This discovery is found in Pingjiang Country, Hunan Province China. Wangu mine is the latest gold mine of china. Over 1,000 tonnes of gold has been identified currently. The Value of the gold reserve is approximately 600 billion yuan (US$83 billion) (Rupees 7 Lakh Crore).
The discovery surpasses the previous record held by South Africa’s South Deep gold mine, which has around 930 metric tons of gold reserves. Advanced 3D geological modeling revealed more than 40 gold ore veins at depths reaching 3,000 meters, with the core exploration zone confirming 300.2 tons of gold resources. Notably, the gold grades are exceptionally high, reaching up to 138 grams per ton of ore
This landmark discovery is expected to significantly boost China’s gold reserves and influence global gold markets. However, as of now, Chinese officials have not disclosed development plans for the Wangu goldfield
It will help Chinese economy to make more powerful and stable economy. This will reduce the Chinese foreign gold reser China has recently found a huge gold reserve that can transform the Chinese economy. China, the gold reserve in China, is founded by National Gold Group Corporation (CNGGC). This will transform the Chinese economy.ve dependency. It’s help china to achieve the larger plan to secure vital resources like gold, silver, and other rare earth material.
In the Long term goal it will make China self-sufficient in key resources and also increase the global influence over the global finance market. By 2023 China have 10% of the world’s gold production output.
The 2nd largest gold reserve was found in South Africa. South Africa has 900 metric tons mine that is surpassed by the Wangu mine chine.
- The deposit is located in Pingjiang County, Hunan Province, China.
- 40 gold veins identified at depths of up to 2 kilometers, with potential for additional reserves at depths of up to 3 kilometers.
