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🪙 Massive Gold Deposit Reported in China — Potentially the Largest on Earth
Chinese geological authorities say they’ve identified a huge gold deposit in Hunan Province’s Wangu gold field, which may hold over ~1,000 metric tons of gold and be valued at up to ~$97 billion — making it one of the biggest gold finds in recent history.
• The site in Pingjiang County contains more than 40 separate gold veins, with drilling confirming high-grade gold at depth.
• So far ~300 tons of gold is verified, and total reserves could exceed 1,000 tons with further exploration.
• Early estimates place the value near $97 billion based on current gold prices — though final figures require more sampling and verification.
If confirmed, this find would rank among the largest gold deposits ever reported in modern exploration — but estimates may change with deeper drilling and economic feasibility studies. Geological discoveries often require years of verification before they translate into commercial mining output, and market impact depends on extraction cost and timing.
#GoldDiscovery #MiningNews #ChinaEconomy #GoldMarket #ResourceBoom $PAXG $XAU
Chinese geological authorities say they’ve identified a huge gold deposit in Hunan Province’s Wangu gold field, which may hold over ~1,000 metric tons of gold and be valued at up to ~$97 billion — making it one of the biggest gold finds in recent history.
• The site in Pingjiang County contains more than 40 separate gold veins, with drilling confirming high-grade gold at depth.
• So far ~300 tons of gold is verified, and total reserves could exceed 1,000 tons with further exploration.
• Early estimates place the value near $97 billion based on current gold prices — though final figures require more sampling and verification.
If confirmed, this find would rank among the largest gold deposits ever reported in modern exploration — but estimates may change with deeper drilling and economic feasibility studies. Geological discoveries often require years of verification before they translate into commercial mining output, and market impact depends on extraction cost and timing.
#GoldDiscovery #MiningNews #ChinaEconomy #GoldMarket #ResourceBoom $PAXG $XAU
🥇 Gold Miner Moves to Retake Venezuelan Gold Assets After Maduro Ouster
Gold Reserve Ltd., long embroiled in a dispute with Venezuela’s government over two seized gold and copper deposits, now sees a path to reclaim and develop those assets after Nicolás Maduro’s capture by U.S. forces. The Brisas and Siembra Minera projects together hold ~10 million ounces of gold — worth roughly $44 billion at current prices.
• Company: Gold Reserve Ltd. (Canadian-listed miner)
• Deposits in dispute: Brisas & Siembra Minera, seized in the 2000s–2010s
• Gold estimate: 10 million oz ($44 billion at today’s gold price)
• Shares reaction: Stock jumped ~103% on Toronto markets after news.
• Company exploring investment/partnership deals under the new regime to develop mines.
The political reversal in Venezuela could unlock long-stalled mining projects and draw renewed investor interest into the country’s rich but underdeveloped mineral sector, especially gold — a key store of value amid global economic uncertainty.
#GoldMining #GoldReserve #MiningNews #Investing #ResourceBoom $PAXG $XAU
Gold Reserve Ltd., long embroiled in a dispute with Venezuela’s government over two seized gold and copper deposits, now sees a path to reclaim and develop those assets after Nicolás Maduro’s capture by U.S. forces. The Brisas and Siembra Minera projects together hold ~10 million ounces of gold — worth roughly $44 billion at current prices.
• Company: Gold Reserve Ltd. (Canadian-listed miner)
• Deposits in dispute: Brisas & Siembra Minera, seized in the 2000s–2010s
• Gold estimate: 10 million oz ($44 billion at today’s gold price)
• Shares reaction: Stock jumped ~103% on Toronto markets after news.
• Company exploring investment/partnership deals under the new regime to develop mines.
The political reversal in Venezuela could unlock long-stalled mining projects and draw renewed investor interest into the country’s rich but underdeveloped mineral sector, especially gold — a key store of value amid global economic uncertainty.
#GoldMining #GoldReserve #MiningNews #Investing #ResourceBoom $PAXG $XAU
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