Henan found a mega gold mine with a valuation of more than 10 billion

Zhang Yifei, a reporter of Dahe Network and Henan Business Daily

A few days ago, Henan's newly discovered gold mine was on the hot search with strength, and it "fired" in front of the people of the whole country. Gold mines worth tens of billions of yuan, of course, are placed in who is happy, many enthusiastic netizens in addition to estimating the price of this pile of gold in the future, have not yet worried about whether the gold price will be affected by the discovery of this gold mine.

Everyone did not expect to be "Versailles" by the Henan Provincial Bureau of Geology and Mineral Resources: this gold mine is not too big, and the impact on gold prices is not large!

Netizens want to come to Henan as gold diggers

"Guys, let's go to Henan to dig for gold!" A joke on the Internet can "blow up" a bunch of gold diggers.

The Henan Provincial Bureau of Geology and Mineral Exploration and Development (hereinafter referred to as the "Henan Provincial Bureau of Geology and Mineral Resources") made a major breakthrough in prospecting at the end of October - it discovered a very large gold mine in the area of Weishan City in Tongbai County, Nanyang City. The gold resources of the ore are preliminarily estimated to be 31.55 tonnes. According to reports, by the end of 2022, it is expected that the amount of gold resources is expected to reach 50 tons, and the prospecting potential of the deep part of the mineralization belt is expected to exceed 100 tons.

The discovery of gold mines in Henan has triggered the onlookers of netizens across the country, and many Henan people have questions, "Do we still have gold mines in Henan?" ”

Don't really say, the low-key Henan is a big gold producer. According to the Henan Provincial Bureau of Geology and Mineral Resources, since 2007, China's gold production has ranked first in the world for 14 consecutive years, while Henan's gold production has ranked second in the country for decades.

"According to the data of China's Ministry of Natural Resources, as of 2019, China's gold mineral resources reached 14131.06 tons and reserves reached 2298.36 tons." The staff of the Henan Provincial Bureau of Geology and Mineral Resources told the top news Henan Business Daily reporter, "These gold mines are mainly distributed in Shandong, Inner Mongolia, Yunnan, Jilin, Henan and Sichuan, and the gold reserves in the above 6 provinces and regions account for 59.4% of the national reserves." ”

This time the gold mine is not the largest in Henan

Although the gold mine is a very large gold mine, it is not the largest gold mine in Henan Province.

It is understood that in August 2016, the Tongbai Mountain area of the Tongbai County Laowan Gold Mine deep and peripheral census project found a very large gold mine, the amount of gold resources is about 105 tons, extending the service life of the mine for 80 years, the mine is the largest gold deposit discovered in Henan Province so far, the scale ranked 4th in the country; and in July 2020, the Prospecting work of the Tongbai Laowan Gold Mine has made further progress, with the amount of proven gold resources reaching 208 tons.

"The preliminary estimate of this gold mine is 31.55 tons, plus the previously proven silver cave slope gold reserves of 55 tons, in addition to 456 tons of silver, 100,000 tons of lead, and 90,000 tons of zinc." said the above-mentioned staff member.

Many enthusiastic netizens in the gold industry estimate that the valuation of 31.55 tons of gold is 11.6 billion yuan, which is about 1.7 cubic meters according to the gold density conversion.

As soon as the gold mine comes out, it has little impact on the price of gold

However, the discovery of gold does not mean that gold exists in the mine in the form of "gold lumps".

"Gold is usually mixed with rock, and there are very few gold particles that can be seen with the naked eye unless it is specially treated." The staff of the Henan Provincial Bureau of Geology and Mineral Resources explained to the top news Henan Business Daily reporter that after exploring the gold mine, it will take at least 6 years to mine, and there are many steps during this period, such as the census of the gold mine, the detailed investigation and issuance of reports, and the government bidding and auction of mining rights.

This also answers the comments of many netizens who have a big brain, not who has money, can buy the so-called gold mine with a big hand.

Even if an enterprise obtains mining rights, after mining, the gold needs to be sold uniformly to the Bank of China, and then the Bank of China will conduct gold transactions with various enterprises.

This also answers netizens' questions about "the emergence of new gold mines, whether the price of gold will fall". Not to mention that gold mines will not be mined until several years later, there are many reasons that affect the fluctuation of gold prices, and they are very importantly related to factors such as gold supply and demand, local interest rates, world economy and strategic situation.