Monitor this situation.

Unsubscribe anytime.

[SITUATION] · [ACTIVE] · [BUSINESS]

2 clusters · 3 sources · 11 days · First seen 14 days ago · Last updated 3 days ago

Gold ore discovery in Hunan Province

Overview

Geologists in Pingjiang County, Hunan Province, have identified a massive gold ore system at the Wangu mine. Following extensive drilling involving 55 wells and 65 km of drill cores, officials reported finding approximately 300 tons of gold at a depth of 2,000 meters.

Analysis of rock samples revealed ‘visible gold’ with some concentrations reaching up to 138 grams per ton of ore. While highly profitable mines typically extract 1–3 grams per ton, these samples represent exceptionally high ore grades.

Using three-dimensional geological modeling, researchers believe the ore bodies may extend to depths of 3,000 meters. Based on these projections, total gold resources could potentially exceed 1,000 to 1,100 tons, which would make the Wangu mine one of the largest in the world. The potential reserves are estimated to be valued at approximately 600 billion yuan (83 billion USD), though these figures require independent verification.

Entities

Stavaträsk Project · China · Hannan Metals · Hunan Provincial Geological Bureau · Hunan Province

Timeline

3 days ago

[BUSINESS] 3 sources
China discovers potential gold reserves exceeding 1,000 tons
Geologists in China's Hunan Province have discovered a potential gold deposit exceeding 1,000 tons in the Wangu gold field, with some samples showing exceptionally high ore grades.
14 days ago

[BUSINESS] 5 sources
Hunan province discovers massive gold ore system at Wangu mine
Geologists in Hunan, China, have discovered a massive gold ore system at the Wangu mine, with confirmed reserves of 300 tons and potential totals exceeding 1,000 tons.

Sources

ruangenergi.com · sumeks.disway.id · tambang.co.id