In mid-March, CGTN Digital said that a huge gold reserve discovered in Shandong province in eastern China has attracted the attention of world media.
It is a gold mine with reserves of about 50 tons, estimated to cost 3 billion USD at current prices. Xilaokou gold mine was discovered in the rural area of Nhu Son city, east of the province.
Xinhua sources said the calculation Up to now, Xilaokou has become the largest known gold mine in the region, enough to exploit for 20 years. According to the local Department of Natural Resources, the mine contains high-quality gold ore that can be easily mined and refined.
Unlike other valuable materials such as diamonds, it is not yet possible to create gold using artificial measures. That is one of the reasons why gold is so valuable. Experts have found a way to make gold, but it is not effective for practical use. Therefore, most of the gold on the market comes from mining or recycling.
How is gold distributed on earth?
Not all lands on the world all possess equal gold reserves . Some places have no gold at all while a neighboring town may possess huge reserves.
According to Zhu Yongfeng Professor at the Institute of Geochemistry of Peking University hundreds of theories have been proposed. proposed to explain the distribution of gold over the past three decades.
“Some theories suggest that gold reserves are often discovered near volcanic belts because volcanic activity can causing them to concentrate in some specific areas” Professor Zhu said.
China’s Shandong is a province located on the route of the world’s largest earthquake belts. This is the seismic belt around the Pacific Ocean, also known as the “ring of fire”.
For the past 4 decades this has been a province richer in resources than any other province in China. As of 2021, this province is estimated to contain about 4,500 tons of gold out of a total of 63,000 tons of unexploited gold in the world. Therefore, the newly discovered Xilaokou gold mine only accounts for about 1% of the province’s total potential gold reserves.
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