The heat is on for prospectors in what could be the next gold rush. According to a recent study in the journal Geothermics, a team of geologists has discovered a mother lode of gold and silver inside super-heated reservoirs within New Zealand’s Taupo Volcanic Zone. Extreme heat from the volcanoes’ magma plumes is heating water, producing acidic underground reservoirs and springs that in turn dissolve the surrounding rock. This then allows the embedded gold and silver to come loose and collect in the water. If successfully drilled, one well could yield as much as $2.7 million in gold a year.
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