The discovery of a gigantic gold deposit in China is capturing the attention of international markets. The find, with reserves estimated at more than 40 tons, comes at a time when the price of the precious metal is soaring to historic highs, fueling the debate about the new “black gold” of the global economy.
Millionaire discovery in Gansu
According to Jornal de Negócios, the Chinese province of Gansu revealed the existence of a new large gold deposit, located in the Qianhongquan-Heishanbeitan area, in the municipality of Yumen. Local authorities estimate that reserves exceed 40 tons, the equivalent of two large mines in the country.
According to the same source, the provincial Department of Natural Resources confirmed that the discovery reinforces the Beishan belt, one of the richest areas in gold in China. Gansu is already the second province with the largest volume of gold reserves in the country.
Million-dollar investment and record prospecting
The prospecting project was supported by an investment of 76.28 million yuan, around 9.6 million euros, and included 30 thousand cubic meters of excavations and more than 35 thousand meters of drilling.
The result? A mineralized band 14 kilometers long and between 10 and 100 meters wide, enough to consolidate northern China as one of the main gold zones in Asia.
Jornal de Negócios explains that the project is part of the Chinese national geological exploration plan, which aims to increase self-sufficiency in strategic mineral resources.
Gold continues to appreciate in value
The discovery comes in a global context of accelerated gold appreciation. The price recently surpassed $4,200 per ounce, reaching a new all-time high and accumulating an increase of more than 50% since the beginning of the year.
Among the causes cited are the devaluation of the dollar, geopolitical tensions and massive purchases by central banks, especially from emerging economies that seek to diversify their reserves.
According to , gold has been seen as a safe haven in times of uncertainty, surpassing oil and other traditional assets in the race for stability and financial protection.
The impact on the Chinese economy
The find could reinforce China’s status as a global gold power. The country is already one of the largest producers and consumers of gold, driven by a growing middle class and a growing demand for assets considered safe.
Experts say that the discovery could also contribute to the economic development of Gansu, generating new jobs and investments in the region.
A discovery with perfect timing
With prices rising and demand growing, this new deposit appears at the right time. For Beijing, it is more than a geological victory: it is a symbol of economic strength in an increasingly volatile world.
If oil was the fuel of the 20th century, gold may well be the “new black gold” of the 21st century, and China seems to have found its mine at just the right moment.
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