GOLD RUSH: Gold deposits worth Rs 12 lakh crore found in Sonbhadra

gold recovered in Fatehgarh Sahib

The Hush Post | 7:15 pm | One-minute read |

The Geological Survey of India (GSI) has found gold reserves of around 3000 tonnes in Sonbhadra district of Uttar Pradesh. The estimated worth of the deposits is worth more than Rs 12 lakh crore. This is almost five times the gold reserves of India.

According to the World Gold Council, India currently has 626 tonnes of gold reserves.

GSI officials said on Friday that they found gold deposits in Son Pahadi and Hardi areas of Sonbhadra. The deposits in Son Pahadi are estimated to be around of 2,943.26 tonnes and that at Hardi block is around 646.16 kilograms. Besides gold, some other minerals have also been found in the area.

The state government is mulling leasing these mines in the Maoist-hit district. The government has expedited the process of geo-tagging before the auction process for mining.

The British reportedly were the first to initiate the process of finding gold reserves in Sonbhadra region. The GSI has been mining for gold reserves in Sonbhadra for almost three decades.

Sonbhadra is the only district in the country which shares borders with four states- Madhya Pradesh,   Chhattisgarh, Jharkhand and Bihar.

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