Gold Mining Tips

    Facebook   YouTube   Share   Tiktok   Linktree     by Goldminingtips Admin China Announces Discovery of World's Largest Gold Deposit A large gold deposit, potentially the world's largest, has been discovered in the Wangu goldfield, Pingjiang County, Hunan Province, China. The Wangu goldfield, already a critical mining hub for China, has received nearly 100 million yuan in mineral exploration investments. The deposit is estimated to include in excess of 1,000 tonnes of gold, which would be  valued at approximately $83 billion USD. A New World Record   The significance of the discovery is that, once confirmed, the gold reserves surpass the previous largest gold reserve at South Africa's South Deep gold mine, in the Gauteng province.  The South African gold mine holds around 930 tonnes of gold. The find is significant for China's resource security and solidifies its position as a leading global gold producer. Details of the Gol...

In March 2023, an amateur gold prospector found large gold nuggets while searching with a low budget metal detector.  The 'once-in-a-life-time' find was made in the Victoria's 'Golden Triangle' in Australia. The nugget, which weighed 4.6kg of rock and gold, and contained 2.6kg of gold, would be worth around $224,395 with current gold prices.  It is no surprise that a large gold nugget was found in this location as it was a popular goldfield during the 1850s gold rush in the country, and has produced many large gold nugget finds.  What was surprising, however, is that the gold nugget was found using a basic metal detector. The Metal Detector Used  The unique feature about this find is that the amateur gold prospector was only using a cheap, low budget metal detector known as the Minelab Equinox 800   Getting the Nuggets Valued The man, who did not want to give his name, took the nugget to a local gold mining store to have the nugget valued.  The store owne...

      Facebook   YouTube   Share   Blog   Linktree    by Goldminingtips Admin If you are someone who is prospecting for gold and are lucky enough to find a rich gold deposit and discover gold nuggets, you can decide what you want to do with the nugget/s.  Some prospectors may hold on to the precious metal to keep as a souvenir, while other prospectors / miners can wait for gold prices to increase before deciding to sell it, and other prospectors / miners may decide to sell their gold nuggets immediately once they have discovered a nugget.  However, if you are a beginner prospector, you may be wondering where you can sell your gold nuggets when (or if) you find any. In this post, we provide some places where you can try to sell your gold nuggets. Where to Sell Gold Nuggets : Before selling gold nuggets, check if there are any regulations / rules in the country you want to find a buyer that may impose restrictions on the sale of gold....