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...

Gold Prospecting and Sampling for Beginners  Gold is found in nature in many different forms. Classifying the type of gold deposit is necessary to decide the best equipment to use when prospecting and mining. In this post, we discuss some of the basic ways to prospect for gold, sample / classify material, and the equipment you can use.  Classifying Material  Miners often use the term 'mesh size' to classify the size of gold.  The term refers to the size of the openings in a sieve or screen, with larger mesh numbers representing finer material. Here is a table of the basic classifications of gold types.  |  Gold Type         |   Description          | Where Found    |  Classification      | |----------------------------|---------------------------------|-----------------------------------------| | Very fine |  difficult to see with naked eye  | Beach sands an...

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...