ALBAWABA - China has discovered the country's biggest gold reserve that could be worth up to $83 billion.
According to Chinese media outlets, Chinese geologists uncovered a massive gold reserve in Hunan Province, which is likely to be worth billions of dollars.
Xinhua news revealed that the discovered gold deposit has an estimated reserves of over 1,000 tonnes valued at 600 billion yuan.
Xinhua also added Geologists have detected over 40 gold veins, with a reserve of 300 tonnes of gold, within a depth of 2,000 meters beneath the Wangu gold field in Pingjiang County.
Chen Rulin, an ore-prospecting expert with the Hunan Province Geological Disaster Survey and Monitoring Institute under the bureau, revealed: "Many drilled rock cores showed visible gold".
Reuters reported citing data from the World Gold Council, that China is considered the world's largest gold producer, with about 10% of global output last year.
