*5 times India’s gold reserves.
Yogi Adityanath government is preparing to mine a large volume of gold reserve found in Sonbhadra district, Uttar Pradesh. According to the Geological Survey report, the estimated gold is reported to be around 3,000 tonnes at the Hardi village and Son Pahadi area.
The UP government has started the process with the help o technical experts for the allocation of gold blocks. A large volume of reserve gold has confirmed in Hardi village and Son Pahadi in the Mahuli region.
The government has also organised a seven-member team for online auctioning of these blocks through e-tendering process. The dedicated team will be geo-tagging the entire region and will submit a detailed report to the Directorate of Geology and Mining.
The gold mines are mostly situated on hillock, which makes them easy to mine. The government will start the auction process very soon as compensation payout and necessary approvals are granted.
Other then gold, Geology officials are also exploring the possibility of rare and expansive minerals like uranium in the area. Bundelkhand and Vindhyan districts of UP are rich in metals and minerals like gold, diamond, platinum, etc…
According to the World Gold Council, India currently has 626 tonnes of gold reserves. The new reserves are almost five times that amount and estimated to be worth nearly Rs 12 lakh crore.
Image credits: The Asian Post