The good news came from the Henan Provincial Bureau of Geology and Mineral Resources, which discovered a very large gold mine in the area of Weishan City, Zhuzhuang Town, Tongbai County, Henan Province, with a total of 16 gold ore bodies, and the preliminary estimate of gold reserves was 31.55 tons. According to the calculation of 370 yuan per gram of gold, 31.55 tons of gold is worth 11.6 billion.
It should be noted that as the exploration continues, it is expected to exceed 50 tons by the end of this year, so the mine is also a very large gold mine.
So the question is, gold is obviously a non-renewable resource, why are there more and more proven gold reserves? In addition, will the discovery of extraordinarily large gold mines in Henan cause the global gold price to plummet?
<h1 class="pgc-h-arrow-right" Data-track="3" Why are there more and more gold reserves >? </h1>
We know that gold is actually a non-renewable resource, because the main component of gold is gold, and the formation of gold requires very extreme conditions: supernova explosions or neutron star mergers. This condition does not exist on earth or even in the solar system, so the reserves of gold are limited and belong to non-renewable resources.
Although gold is a non-renewable resource, but in recent years China's proven gold resource reserves are rising, from 8196.24 tons in 2012 to 14131.06 tons in 2019, China's gold identified resource reserves have exceeded the 10,000-ton mark for 5 consecutive years, so what is going on?
This has to mention the formation of gold mines. Before the formation of the Earth, there were 1-2 generations of stars near the solar system, these stars are larger, so the nuclear fusion reaction is so strong that the lifespan is very short, and the giant star has a supernova explosion or neutron star merger in the final stage of its life, during which it can form gold elements.
The gold element mixed with other substances together constitutes the earth, and at the beginning of the formation of the earth, the temperature was very high, and the whole earth was in a state of melting. The density of gold is so large that it sinks into the earth's interior and follows the flow of magma inside, so the gold reserves in the earth's interior are far more abundant than the earth's surface.
The gold in the Earth's interior precipitates as magma flows into the crevices of the rocks. The gold that comes to the surface of the earth does not exist in the form of gold nuggets, but is wrapped in ore, and a part of the gold will be separated from the ore with the action of flowing water, and then deposited in the lower reaches of the river, which is "placer gold". Placer gold is relatively easy to mine, so from ancient times to the present, people mainly use sand gold, we often hear of "gold diggers", in fact, panning for placer gold.
However, there is still a lot of gold that has not been separated from the rock, it is "rock gold", the mining process of rock gold is relatively complex and difficult, so ancient people could not use rock gold, and now we have high-tech means to obtain rock gold, so there are many rock gold is detected and mined.
In addition, the detection technology of the ancients is not strong, and the gold mine hidden in the mountains cannot be detected, and now we can find the gold vein in the deeper underground, such as: the gold mine detected in Henan is located between 600-1000 meters underground.
With the advancement of detection technology, we can detect more and more gold mines, so the reserves of gold will rise steadily. However, after a certain period of detection, gold will still be gradually detected due to limited reserves, at which time gold reserves will fall.
(Scientists analyze rock core prospecting)
<h1 class="pgc-h-arrow-right" data-track="13" > will the Henan gold mine cause gold prices to plummet? </h1>
Although Henan has found a huge gold mine with reserves of 31.55 tons, this has not led to a sharp decline in the price of gold, so what is the reason for this?
This is actually because mining gold also requires a cost, and the cost of mining gold is not low.
Gold ore is divided into "placer gold" and "rock gold", of which placer gold after thousands of years of mining, has been very difficult to find, and rock gold mining difficulty, so at this stage is mainly mining rock gold. However, the gold content of rock gold is very low, 1 ton of ore containing 5 grams of gold is already rich, most gold mines have a gold content of only 3-5 grams per ton.
Secondly, the mining of rock gold is difficult, the mining process is relatively complex and arduous, and it needs to go through: mining, mineral processing, smelting (roughing), refining and other procedures, which consume a lot of costs. Of course, in general, rock gold contains other associated minerals, and other minerals can be mined at the same time as gold can be mined.
In addition, there is less rock gold that is easy to mine today, because the relatively easy to mine gold has been mined, and most of the newly discovered gold mines are located hundreds of meters underground, such as: Henan Mega Gold Mine is located around 600-1000 meters, which is very difficult to mine.
More importantly, although Henan has discovered 31.55 tons of gold, it will take a long time to extract them all.
It is precisely because of this that the discovery of the henan mega gold mine will not lead to a sharp decline in the price of gold.
<h1 class="pgc-h-arrow-right" data-track="21" > is there dog head gold near the gold mine? </h1>
It is worth noting that under normal circumstances, dog head gold will form in the downstream area of gold mines, but not all gold mines will form dog head gold, so there is no dog head gold near henan mega gold mine, and no one dares to pack tickets.
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