Here are 15 key facts about the recently discovered Wangu goldfield in China, which is being hailed as the world's largest gold deposit:

1. **Location**: The Wangu goldfield is situated in Pingjiang County, Hunan Province, China.

2. **Estimated Reserves**: The deposit is estimated to contain over 1,000 metric tons of gold.

3. **Economic Value**: The total value of the gold deposit is projected to be around $83 billion (approximately 600 billion yuan).

4. **Depth**: The gold veins extend to depths of about 2,000 meters (approximately one mile) and may reach up to 3,000 meters (about 9,800 feet).

5. **Number of Veins**: There are over 40 identified gold veins within the Wangu goldfield.

6. **Initial Findings**: Early test drilling has revealed approximately 300 metric tons of gold.

7. **Visible Gold**: Many drilled rock cores have shown visible gold, indicating high ore quality.

8. **Ore Grade**: Some areas of the deposit have been reported to contain up to 138 grams of gold per ton.

9. **Global Impact**: The discovery has caused a rise in global gold prices due to its potential impact on supply.

10. **China's Gold Production**: China produces about 10% of the world's gold and is a leading player in the global market.

11. **Investment in Exploration**: The Chinese government has invested nearly 100 million yuan (around $13 million) in mineral exploration in the Wangu area since 2020.

12. **Mining Technology Leadership**: China is a global leader in mining technologies and is developing methods to reduce carbon emissions in mining processes.

13. **Geological Techniques**: Advanced geological exploration techniques, including 3D modeling and deep drilling, were utilized to uncover the deposit.

14. **Resource Security**: This discovery is seen as crucial for strengthening China's resource security amid increasing global uncertainties.

15. **Future Prospects**: Continued exploration may reveal even larger reserves, enhancing China's position in the global precious metals market [1][3][5][7][8].

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