Gold exploration work in UP’s Sonbhadra has been underway for two decades, an official said. 3,000 ton gold reserve, 5 times India’s current deposit, found in UP. By the by gold price today is trading at all time high levels.
Sonbhadra news today
Sonbhadra, UP: Gold deposits estimated at around 3,000 tons and valued at 12 billion rupees have been discovered in the Sonbhadra district of Uttar Pradesh by the Geological Survey of India (GSI), nearly five times India’s current precious metal reserve. Gold was found here in the Son Pahadi and Hardi areas, mining official K K Rai said on Friday. This is the sonbhadra news today we have on this blog.
The search for gold reserves in Sonbhadra started almost two decades ago in 1992-93 by the Geological Survey of India. The auction of these blocks by electronic tender will begin soon.
It is an estimation the Son Pahadi region will have around 2,943.26 tons of gold. Those in the Hardi block are around 646.16 kilograms, the official said.
He added that besides gold, some other minerals may be there in this area.
According to the World Gold Council, India currently has 626 tons of gold reserves. The new reserves are almost five times as high and earlier estimations value at almost 12 billion rupees.
The British earlier were first to initiate the process of finding gold reserves in the Sonbhadra region, more in the news than Naxalism-affected areas.
Sonbhadra is the second largest district of Uttar Pradesh. It is the only district in the country that shares its borders with four states. They are Madhya Pradesh in the west, Chhattishgarh in the south. Also Jharkhand in the southeast and Bihar in the east.