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A team of researchers in Australia have claimed that they have developed a technique to measure how much gold was present in the world's oceans over the previous 3.5 billion years.
The team from the University of Tasmania's ARC Centre of Excellence in Ore Deposits (CODES) have now developed a technique or a time curve series to determine the variation of gold concentration in the ocean over billions of years. The researchers presented data that showed that at one point in time, about three billion years ago, ancient ocean carried 2,000 times more gold than the world's biggest gold bullion depository at Fort Knox, Kentucky.
CODES director Professor Ross Large said in a media release on Tuesday that ocean contained a lot of gold during this period.
He said, “This was a time when the world's greatest gold ore deposits were formed in South Africa in the Witwatersrand Basin.Over the next 400 million years, gold remained high in the oceans and many other important deposits formed, including the Golden Mile in Western Australia."
The research was published in the Earth and Planetary Science Letters this week.