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Millions Of Dollars Worth Of Dissolved Gold and Silver Found in Taupo Volcanic Zone in New Zealand

The Taupo Volcanic Zone is a very active volcanic area located in the North Island of New Zealand. 10km underneath the surface is magma that is estimated to be 50 kilometres wide and 160 kilometres long.

Lake Taupo

Satellite view of Lake Taupo in New Zealand’s North Island

A recent research done by the author and geoscientist Stuart Simmons and his colleagues from the University of Utah, suggests that water located in deep reservoirs in this area is very rich with gold, silver and other precious metals. They identified at least 6 of these reservoirs with high concentrations of gold and silver and as published research is suggesting the gold concentrations are hitting 20 parts per billion and silver concentrations are reaching 2,000 parts per billion.

Millions of dollars of gold and silver is said to be dissolved in magma-heated hot springs in this area and are yet to be tapped, but due to high volcanic and eruption probability a proper and long lasting technology would need to be developed. One of the methods suggested by the Stuart Simmons is to incorporate a two-phase flow pipeline.

The estimations from the researchers suggest that one of these water reservoirs could annually produce as much as $2.5 million of gold and $3.7 million of silver as the combined amount in these reservoirs is estimated to be at least tens of thousands of ounces of gold and hundreds of thousands of ounces of silver.

The research has been published in the journal Geothermics titled: “Gold and silver resources in Taupo Volcanic Zone geothermal systems”.

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