
China has found gold reserves worth 600 billion yuan ($82.9 billion) in central Hunan province, state outlet Xinhua news said on Thursday.
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Hunan Academy of Geology found more than 40 gold ore veins at a depth of more than 2,000 meters in Pingjiang county, with a total of 300.2 tons of gold resources discovered in the core exploration area and a highest grade of 138 grams per metric ton, Xinhua said.
The group forecast that there were more than 1,000 tons of gold reserves at a depth of over 3,000 meters, according to Xinhua.
Gold reserves generally refer to the economically extractable part of a resource.
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That's a lot of gold (if true).