The euphoria over the claim that around 3,000 tonnes of gold reserves, worth Rs 12 trillion, have been discovered in Uttar Pradesh’s Sonbhadra district could not last even 24 hours, with the Geological Survey of India (GSI) clarifying on Saturday there had been no such discovery.
The GSI, headquartered in Kolkata, rebutted the claims of the Uttar Pradesh Directorate of Geology and Mining (UPDGM), and said “miscommunication” must have led to the wrong reporting of facts.
M Sridhar, director general of the GSI, said nobody in the agency gave any such data. He said 52,806 tonnes of gold ore was found in Sonbhadra district during the exploration work in 1998-2000. From this reserve, only 160 kg of gold can be extracted.
“There must have been some miscommunication of facts because of which the gold ore deposits have been overestimated. We have written a letter to Uttar Pradesh (UPDGM), stating the facts. The GSI has not estimated such kind of vast resource of gold deposits in Sonbhadra,” Sridhar said.
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The UPDGM had said on Friday that gold deposits were found in Son Pahadi and Hardi areas of the district. Sridhar said while gold ore was found in the area during the GSI’s exploration work in 1998-2000, it had told the state government about the discovery in November last year.
Under the new regulation, which came into effect from 2015, the GSI has to inform the state government when ore deposits are discovered. Earlier, no such action was mandatory. In its report, the GSI estimated that only 3.03 gm of gold can be extracted from a tonne of ore. It also clarified that even the extraction amount was tentative and could not be established for certain.
Moreover, Sridhar said the deposits were spread across only 0.5 sq km in forest land, which made the mining of ore economically unviable. “When there are several mines nearby, we can club it into a block and then it makes sense to mine the ore. But in this case, the deposits are too small to make it viable for any company to mine it,” he said. The GSI usually prioritises its exploration work based on the needs of the Centre. While strategic minerals like tin, cobalt, lithium, beryllium, germanium, gallium, indium, tantalum, niobium, selenium, and bismuth are atop the list in GSI exploration, gold is another commodity on its priority list.
According to the World Gold Council, India has reserves of 630 tonnes of gold.
Comments
i want ask the government...the apex ,the judges (honorable)of hcourt civil court, and above i want all my lawyer brothers, please dont e3ver play with your profession ,REMEMBER SOMEBODY WATCHING YOU 24 HRS ,YOU ALWAYS PRAY TO AND U HAVE SHARDHA, TRY PROVE THE TRUTH ... WHAT HE WILL GET OR SHOULD GET, OR WHETHER HE WILL RELEASE ON BAIL.... PEOPLE MAKE JUDGEMENT..THANKS.
inspired from whome? head of the department?
Rather than killing innocent and those who do hard work.. The GAU-RAKSHAHS should target such kind of CRIMINALs who deosnt recognise even a 6 year old child....
EVIL is cheddis agenda... which will effect the society in the near Future if we did not voice out or protest against increasing criminals in our society...
Stop arresting innocent and start arresting the Real criminals who are out of trained in NAGPUR....
Please chop his tool immediately, Na rahe ga bhans na bajege bansuri
This may be a fake news! For AUTHENTIC & CREDIBLE news, please check Notorious Coastal Kannada daily, sure this man had a challenge with his wife to molest the child, he did not have any bad intention as he is Deshpremi and proud son of Gomatha, and member of homo brigade. Before reaching the jail he might have secured bail.
Naren, which community does this bas...rd belongs to.... so don't ever target or point out particular religion and hurt the sentiments.
This is the true colour of these Gau Rakshaks
They don't respect women and yet talk of protecting animal
Eager to see if people from pump well ,kalladka and kotian stage protest
One more feather in the cap of so called Nationalists. Sad part is the law of the land turning blind, dumb and deaf towards these fringe organization. Its beyond ones imagination that why they are not yet banned.
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