Unprecedented Discovery: 45 Rigs, 1,000 Engineers Uncover Largest Single Gold Reserve in History—Over 1,444 Tons

Unveiled as China's largest single gold deposit ever discovered, this monumental find stands as a testament to the nation's untapped mineral wealth.

0
15

China Unveils Massive Gold Reserve: Liaoning’s Dadinggou Mine

On November 14th, China’s Ministry of Natural Resources announced a groundbreaking discovery: the Dadinggou gold mine in Liaoning province. This low-grade but colossal deposit boasts a staggering 1,444.49 metric tons of proven gold reserves, making it the largest single gold mine found since the founding of the People’s Republic of China.

The Dadinggou mine holds 2.586 billion tons of proven gold ore at a depth of -720 meters, with an average grade of 0.56 grams per ton. Despite its low grade, the sheer volume of ore positions this mine as a cornerstone in China’s strategy to bolster its national gold reserves.

This discovery follows a string of significant finds in the North China Craton belt and the Zhejiang-Fujian region. The Dadinggou mine has completed its feasibility study and is deemed highly promising for extraction.

Record-Breaking Exploration Efforts

The exploration process set a new benchmark for speed and scale. At its peak, nearly 1,000 engineers and workers were deployed alongside 45 drilling rigs operating simultaneously. The project utilized a “multi-tiered, closed-loop” management model, integrating central strategy, specialized execution, and continuous technical support.

The Liaoning Geological Exploration and Mining Group, granted exploration rights in late 2023, collaborated with 18 research and production organizations to launch a major campaign, employing cutting-edge technologies.

Over 15 months, the team drilled 219 boreholes totaling 136,700 meters, investing nearly 200 million yuan (approximately $28 million USD).

The Dadinggou mine holds immense significance for China, both economically and in terms of resource security. It strengthens the nation’s strategic gold reserves, enhancing its position in a volatile global gold market.

This discovery also revitalizes the gold industry in Liaoning, contributing to the broader revitalization of China’s Northeast, a traditional industrial hub prioritized for redevelopment by Beijing.

Furthermore, the find enriches geological knowledge, particularly in deep and peripheral exploration techniques for known resource deposits.

Initial indications of the mine’s existence date back to 1989, with further surveys in 2009 and 2014. However, the full extent of the deposit was only confirmed during the comprehensive 2023-2025 survey.

The discovery of this massive gold mine is a strategic milestone for China, as the nation accelerates its efforts to strengthen mining capabilities, innovate exploration technologies, and ensure long-term resource self-sufficiency.

Source: 163.com

You may also like

Global Energy Titan Launches Fleet to Secure Over 70 Million Tons of Russian Gas in 2024

Despite U.S. sanctions, Russian LNG continues to find a warm reception in the world’s most coveted market.

China Announces Successful Durian Cultivation in Yunnan: Pursuing the Dream of “Durian Freedom,” What’s the Planting Scale?

The advancements in Yunnan mark a significant leap toward the dream of “durian freedom,” ensuring residents no longer face concerns over pricing or scarcity.

A Nation Claims Nearly 10% of Global Rare Earth Reserves—Double That of the U.S.—Yet Produces Only 1%, Now Considering Partnerships with China or Europe

This nation is strategically positioning itself to reclaim its dominance in the global rare earth mining industry.

China Halts 24% Tariff, but U.S. Soybeans Still Lose Ground to a Global Agri-Giant Dominating Vietnam’s Market

This nation’s soybeans are gaining global popularity for their affordability, with Vietnam being one of the many countries embracing this trend.

Starbucks China Sells Controlling Stake to Backer of Mixue Amid Competition from Luckin and Cotti’s $1.50 Coffee

This will be one of the largest divestments by a global consumer company in China in recent years.