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Topics: China, Money, World News
Poppy Bilderbeck
Gold reserves worth a staggering $83 billion have been found in China, according to a state media outlet.
Earlier today (November 28), the Geological Bureau of Hunan Province revealed a 'superlarge gold deposit' has been discovered in central China's Hunan Province after a team of geologists drilled beneath the Wangu field in Pingjiang County.
The team from Hunan Province Geological Disaster Survey and Monitoring Institute used 3D geological modeling to help locate the gold - alongside the mechanical drills and equipment of course.
Ore-prospecting expert at the bureua, Chen Rulin, told Xinhua Net: "Many drilled rock cores showed visible gold."
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And not only that, but a hell of a lot of it too.
When the team of geologists drilled down 2,000 meters, they found a tonne of ore contained a maximum of 138 grams of gold and estimated there to be around 300 tonnes of ore.
Oh and it gets even better.
Expecting to be able to drill down to a depth of 3,000 meters, it's estimated there's actually around a staggering 1,000 tonnes of ore hiding under the surface which is valued at a staggering 600 billion yuan ($83 billion).
Yet again, the story - and site - is truly the gift which just keeps on giving, with Liu revealing it's also believed there may be more discoveries to be made in surrounding areas, with gold already found in the site's peripheral areas.
However, no matter how impressive a story China's discovery is, it doesn't quite match up to the level of excitement over $540 billion worth of 'white gold' being discovered in California.
A study revealed around 18 million tons of lithium is estimated as being sat at the bottom of the Salton Sea.
Scientists originally estimated the lake contained four million tons of the element, however the estimation has now risen to enough lithium to power more than 382 million electric vehicle batteries.
If estimations are proven correct, the find could make the United States 'completely self-sufficient in lithium and stop importing it through China' - China also currently the second biggest exporter of electric vehicles behind Germany.
Well, here's hoping I stumble across a field or a lake in the UK soon which just happens to have some gold or lithium lurking underneath eh?
Either one, I'm not fussy, just left seriously regretting my decision to not pursue a career in geology.