There is much more gold than it was originally estimated.
“Hungary has a wide wealth of natural resources. The World Bank estimated that in 2019, the Hungarian gross domestic product would be the 58th highest in the world at $164 billion, while its per capita gross domestic product would be the 54th highest in the world at $16,905,” writes worldatlas.com. The country’s natural resources include arable land, grapes, livestock, forests, fish, and natural gas.
Azomining.com writes about other natural resources of the beautiful Eastern European country. The portal lists industrial minerals, fossil fuels, coal, hard coal and lignite as the main resources. In Börzsöny, however, precious gold and silver were found.
In our former article, we wrote about Hun-Bányászat Kutatási, Fejlesztési és Innovációs Kft. The company planned to open a mine in Börzsöny. The company turned to the Hungarian Mining and Geological Service in October. Its primary activity is iron ore mining. Ore contains 1.05 grammes of gold and 27.51 grammes of silver, on average.
Ore assets explored in the Nagyirtáspuszta area contain 1,075.8 tonnes of crop gold and 909 tonnes of crop silver. In the Rózsabánya area, there are 18.6 tonnes of gold and 98.85 tonnes of silver, we wrote back then. Now, it turns out that even more precious metals can be found in Börzsöny.
A recent georadar research shows that the mountain contains gold and silver worth 50,000 billion forints.
The entrepreneur sent data and samples to laboratories. Three universities in Switzerland were interested, and they found out that the amount of gold and silver is three times more than the originally estimated amount, writes Ripost.
They found out this information using 7 satellites, searching through 70 square kilometres of land. According to the analysis made up to the depth of 500 metres, there are 3,000 tonnes of gold and 3,000 tonnes of silver.
“It’s just unbelievable. I always knew there was gold there, but that it was so much and so dense, it shocked me, too,” said the entrepreneur. No wonder that the businessman was shocked by the results. The monetary value of it is truly astonishing.
It is worth 153 billion euros.
The Hungarian state has to issue a concession before the mining can start. The full production, mining, and three-phase enrichment would also take place in the depths of the mine. Only the finished gold bars would be brought to the surface.
Source: DNH, Ripost, Azomining, Worldatlas