China has discovered gold deposits in Hunan province, estimated to be worth nearly $83 billion, the province's geological office announced. According to preliminary estimates, the newly discovered reserves contain over a thousand tons of the precious metal.

China has uncovered a significant gold deposit in Hunan province, valued at an estimated $83 billion. The discovery, made in Pingjiang County, includes over 40 gold ore veins found more than 2,000 meters underground.

Hunan Gold Corp. have surged by their 10% limit for two days in a row after a sizable gold resource was discovered in central China’s Hunan province.

ALBAWABA - China has discovered the country's biggest gold reserve that could be worth up to $83 billion.According to Chinese media outlets, Chinese geo

Chinese geological authorities have discovered a massive gold deposit containing over 1,000 tonnes of gold worth $83 billion in Hunan Province's Wangu field, with high-grade ore and potential for additional finds in surrounding areas.

A discovery of gold reserves, estimated to be worth $83 billion, was made in China last month. China is the world's largest gold producer, Reuters reports.

Officials say that a gold field deposit in Hunan province could yield over 1,000 tonnes of the precious metal.

China is claiming to have unearthed the largest gold deposit in the world — estimated to be worth more than $80 billion. More than 1,000 tons of gold reserves and ore veins were allegedly discovered by geologists from the Hunan Provincial Geological Institute some 12 miles beneath the surface in China’s Pingjiang County,