FLASH
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At a time when international competition for mineral reserves is at its peak, China has announced the discovery of two significant gold deposits, a development that is estimated to be able to change the strategic balance of the market.
The news was reported by the newspaper La Razón, citing geological teams working in Hunan and Liaoning provinces.
The first announcement came from Hunan province, where exploration of the Wangu deposit confirmed about 300 tons of gold at a depth of about 2,000 meters, with a value exceeding $83 billion at current prices. Experts in the region estimate that these figures could increase significantly.
They argue that if drilling reaches 3,000 meters, it is possible to discover over 1,000 tons of gold, which further increases the strategic importance of the area for Beijing.
Data so far shows that Hunan's geological potential is much greater than previously thought, which strengthens optimism for future phases of exploration.
The second deposit was discovered in Dandong County, Liaoning, where assays indicate about 1,500 tons of gold. Although the ore is considered low quality, the recovery rate is high, from 65 to 91%, making it commercially viable.
The location of the deposit is of particular importance, as it is located near the Tan-Lu rift, a geological structure that has not been a priority in the region's exploration strategies until now.
This discovery opens up the possibility that areas previously considered unexploitable may ultimately contain significant reserves, leading to a revision of existing mineral wealth discovery models.
But despite the size of the new Chinese discoveries, the United States and Canada still top the global rankings. The Canadian KSM project is considered one of the largest known deposits, with an estimated 4,800 tonnes, while the Pebble area in the US holds about 3,310 tonnes.
These figures help capture China's position in the global landscape, although the new data significantly strengthens the country's weight in the precious metals market.
The discoveries come at a time of intense competition for critical raw materials, as some countries build strategic reserves to protect their economic and industrial stability.
The combination of the two discoveries exceeds two thousand tons of gold, the largest total ever recorded in China.
According to La Razón, the scale of the new reserves "could change everything," leading to a review of the country's geological and economic priorities.
China has strengthened its position in commodity markets in recent years, and confirming these reserves gives the government another important advantage.
With international demand at high levels and the continued volatility of precious metal prices, the existence of new deposits could significantly influence the country's economic and industrial decisions in the near and medium term.
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