Chinese officials have announced the discovery of a massive deposit of high-quality gold ore, potentially worth around $83 billion, which could end up being the largest known deposit of the precious metal anywhere in the world.

Valued at approximately 600 billion yuan or US$83 billion, the discovery could be considered the largest and most lucrative reservoir of gold ever uncovered, surpassing the 900 metric tons estimated to lie within the mother of all gold reserves, South Deep mine in South Africa.

China's state media recently claimed that the world's largest gold deposit was discovered in the country's Pingjang County at $83 billion.

THE LARGEST gold deposit in the world, worth over an eye-watering £63 billion, has been discovered in China. Geologists believe more than 1,000 tonnes of the precious metal could be uncovered

Geologists in China have been stunned after finding a "supergiant" deposit of gold worth more than £65 billion. According to Chinese state media, the astonishing precious metal reserve is more than 1,000 tonnes and has been found in Hunan Province, in the centre of the country.

A massive gold deposit, potentially the world's largest, has been discovered in Hunan Province, Central China, containing an estimated 1,000 metric tonnes of high-quality ore.

A reservoir of high-quality gold ore containing over 1,000 metric tons of the yellow metal has been discovered in central China and it is valued at 600 billion yuan or US $83 billion, according

A “supergiant” gold ore deposit under an existing gold mine in China could be the world’s largest gold ore deposit. Officials estimate that the extent of the find could be 1,100 tons stretching as deep as 9,