Posted on 04/26/2025 6:52:56 PM PDT by Red Badger
Chinese geologists just uncovered a gold deposit so massive, it’s turning heads in the mining world. Early reports hint at billions in untapped value buried deep beneath northeastern soil.
Chinese geologists have announced the discovery of a massive gold deposit in the northeastern province of Liaoning, describing it as an “easy to mine” reserve. The site is estimated to contain about 1,000 tonnes of gold, a find that follows closely on the heels of another high-value discovery made just months ago in Hunan province.
These back-to-back breakthroughs are credited to China’s advancements in mineral prospecting technology, which researchers say are now allowing for deeper, more targeted exploration across the country’s mineral-rich regions.
A Gold-Rich Zone in Liaoning
According to British newspaper the Independent, the newly identified deposit in Liaoning stretches across more than 3 kilometers from east to west and 2.5 kilometers from north to south, according to local reports. The full extent of the site was recently detailed in China Mining Magazine, where scientists from the geological survey team explained that every construction drilling hole at the site has yielded ore.
This signals a high concentration of gold and raises expectations for a high recovery rate once mining operations begin. Researchers credited their success to a 2024 exploration strategy that combined both general and detailed methods to maximize detection efficiency.
Momentum from Earlier Hunan Discovery
This announcement comes shortly after another striking revelation in November 2024, when geologists reported uncovering an estimated $80 billion worth of gold in the Wangu goldfield located in Hunan province. According to the Hunan Provincial Geological Institute, 40 gold-bearing veins were discovered around a mile below the surface.
The Hunan Geological Bureau projected that these veins alone could yield around 300 tonnes of gold, and potentially more as drilling continues deeper. In total, experts believe that over 1,000 tonnes could be extracted from this site alone.
Following this discovery, local geologists described the find as “significant in helping safeguard the country’s resource security,” underscoring China’s strategic focus on self-reliance and economic insulation amid global uncertainties.
Gold nugget weighing 6.6kg (14lb) found in a mine on Qilian Mountain in northwest China
Strategic Role of Gold in China’s Economy
While China already ranks as the world’s largest gold producer, generating nearly 380 tonnes in 2024, its confirmed gold reserves still lag behind those of South Africa and Australia. Discoveries like the ones in Liaoning and Hunan could help the country close that gap and strengthen its position in the global gold market.
Gold plays a critical role in stabilizing economies, particularly during times of global financial turbulence. It is also essential to the manufacturing of batteries and electronics, sectors that are key to China’s long-term industrial plans.
Questions over Verification and Feasibility
Despite the enthusiasm surrounding these finds, not everyone is convinced of their viability. Experts, including geologists from the World Gold Council, have raised doubts about both the accuracy of the volume estimates and the feasibility of mining these resources in the near term. They emphasize the need for independent verification and caution that turning these deposits into operational gold mines could take several years.
The discoveries, while potentially transformative, remain subject to further geological validation and economic assessment. For now, they serve as a showcase of China’s growing capabilities in mineral detection and exploration — and a reminder of the high stakes involved in the global race for natural resources.
Should Elon buy it?
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Elon reportedly owns a silver mine, and as China is importing tons of Gold, I find it unlikely the Chicoms would approve.
“China Secretly Snaps Up More Gold, Positions for Its Greater Global Role..
While 99% of the media keeps staring at official data by the Chinese central bank (PBoC)—misleadingly stating it added 5 tonnes of gold in November following a supposed six-month pause—the PBoC’s “unreported” purchases in London accounted for a stunning 60 tonnes in September and another 55 tonnes in October.
And while cross-border trade statistics from the U.K. for November have yet to be released, I foresee another purchase of a similar magnitude.
Chinese authorities see a greater role for gold in the future international monetary system, or they wouldn’t continue buying such extraordinary amounts of gold. Via London alone, the PBoC has stockpiled 1,000 tonnes of gold since Russia’s foreign exchange assets were “frozen” by the West early 2022.
London Exports to China Are a Proxy for PBoC Buying
Since July this year, I have been writing that a large share of China’s gold imports into the domestic market is not bought by the private sector..”
I find it interesting a country is out buying gold at a very high paper value while it is discovering it geologically within its borders.
I find it interesting a country is out buying gold at a very high paper value while it is discovering it geologically within its borders.
I find it interesting a country is out buying gold at a very high paper value while it is discovering it geologically within its borders.
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Gold is not “ high priced”, the world’s paper currencies purchasing power is collapsing….and as for China’s record Gold discoveries, do realize it takes years ( in the West) to get a mine from discovery to production.
Should China back their Yuan in Gold, as rumored, they will displace the USD and require a lot of Gold for just a 40 percent backing like the Brics require.
If they can find enough Gold then the price will drop to 10 dollars an ounce.
Wouldn’t that large a quantity drop the prices substantially?
Good for them, now pay up the world for the China Virus...
not everyone is convinced of their viability.
GNS
Like 1950’s USSR, claims like these should be taken with a grain of salt...
Perfect, can’t eat gold, and China can’t produce enough food to feed their people, and increasingly they don’t have enough water either.
Eat and drink some gold😂
Eat and drink some gold
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Eat and drink some paper dollars.
If they can find enough Gold then the price will drop to 10 dollars an ounce.
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5,000 years of history refutes that notion.
1000 tonnes = 32.7 million troy oz = $105.6 trillion at $3300 troy oz
One of the largest if not the largest known gold deposit is in South America but the government closed the mine due to safety concerns and now is just a huge deep lake.
It’s always important to remember that China is a communist dictatorship, and not everything they say or claim is true. Communism recognizes no moral or ethical standards, only power.
Only if it’s put on the market.
If it’s held in reserve, like our Fort Knox, then it won’t.....
Difference is we have the food and we have the water(mostly I don’t count kali), they need both.
Interesting story where Chinese tried to buy land around Russian lake, largest freshwater lake in the world as I recall, and were building a pipeline to northern China which has little water and were stopped by Russia .
Regardless China has little domestic consumption, are reliant on exports for revenue. Theu have to import food and oil to survive.
Let’s see what that gold does for them without oil, food, water, and closed factories AND a hugh and series youth unemployment problem.
5.4% GDP😂
Only if it is put on the open market. They will put some of it into their own military electronics, but most will be held in reserve, like our Fort Knox...............
“Gold is not “high priced”, the world’s paper currencies purchasing power is collapsing”
Ya don’t say! I never, ever would have thought of that. Well I’ll be.
Ya don’t say! I never, ever would have thought of that. Well I’ll be.
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You are one of the few….schools stopped teaching about purchasing power, inflation, and monetary history long ago.
A quick tour of Ft. Knox. Funny how that issue went silent.
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