Gold Reserves Estimated To be Of 12 Lakh Crores Found In U.P., Would Bring India In Top 2 Globally

At a time when the country’s economy is going through a slowdown, the government of Uttar Pradesh has seemed to have hit the gold. As per Geological Survey of India and Uttar Pradesh Directorate of Geology and Mining gold reserves of 3500 tons have been discovered in the state.

The estimated amount of gold is 5 times more than India’s total gold reserves at present. If the said amount of gold is recovered India would jump to 2nd spot in the list of country’s with the highest gold reserves just behind the USA. As per the World Gold Council, India currently has 626 tonnes of gold reserves

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The estimated cost of gold is around 12 lakh crores to 14 lakh crores. The gold mines are found in Son Pahadi in Mahuli and Hardi village under the Kon police station area of Padrakh village panchayat in the tribal district of Sonbhadra. Uttar Pradesh government is now preparing for the auction of the rocks containing gold.  Auctioning would be done through e-tendering and a seven-member team for the purpose has been constituted.

Geo-tagging of the entire region would be done and a report would be submitted to the Directorate of Geology and Mining, Lucknow, by February 22. The estimated gold is said to be around 3,589. 76 tonnes – 2943.6 tonnes in Son Pahadi and 646.16 tonnes in the Hardi village area.

The work for finding gold reserves in Sonbhadra started in the year 1992-93 under the aegis of the Geological Survey of India. It was reportedly the British who first initiated the process to find the gold reserve in the Sonbhadra region. The rock which is supposed to have the gold mines is spread over an area of 108 hectares.

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Besides, there is a possibility of the presence of many other minerals in the range. 15-day aerial survey of the area was also conducted to look for the possible presence of uranium in the area.

Inputs from The New Indian Express

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