21 Feb India discovers 3,350 tonnes of gold in major find
The Geological Survey of India (GSI) and Uttar Pradesh Directorate of Geology and Mining have discovered two gold deposits in the Sonbhadra district of India containing a total of 3,350 tonnes of gold ore.
This figure is around five times more than India’s current total gold reserves of 626 tonnes, and comes after two decades of work by the GSI and Uttar Pradesh in the area.
“The government is thinking of putting these deposits on lease for mining, for which a survey is being done,” KK Rai mining officer told new agency ANI.
“Gold deposits have been found at two places – Sonpahadi and Hardi field. GSI estimated gold deposits of 2,700 tonnes in Sonpahadi, while 650 tonnes in Hardi field.”
The state mining department has formed a seven-member team that recently visited Sonbhadra to commence mapping the gold mine area and geo-tagging.
Officials said the government will start the auction process for the gold deposits as soon as compensation payout and necessary approvals are granted.
In addition to gold, India will also explore for rare minerals like uranium in the area, which is known to be rich in other minerals like diamond, platinum, limestone, granite, phosphate, quartz, and China clay.