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.
ALSO READ: 2,900-tonne gold mine found in Sonbhadra, 4 times that of India's reserves
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
Haha ...when few mangaloreans who share cmon DNA with Isis and Pakistanis show open solidarity with Pakistan ..they cannot point at nationalist Indians. Papa same DNA share madidru naavu part of ummah chummah ..namma for father's Arab andru saha Saudi nalli ivakke mooji kaasda maryade tikkuji ..haha ...can any body who supports ummah can get citizenship in Saudi ? It means there are two types of DNA ..pure DNA and impure DNA. Hahaha....
Its very much understood that Muslim terrorists are using naxals and ulfa to spread their terror ..becoz they know if they directly engage ..boot licking khangress is not in power ...bjp don't want terror supporters vote and mercilessly it will crack down. ..Bholo Bharath mata ki jai
Shaji, that can not be done in Assam, since the DNA is same ..
Now china or Pak is going to get the blame, as the outsiders are held responsible for Train accidents in India.... Today one Train mishap was averted as the loco driver noticed a iron mould of 380 kilos on the track ......It will be a mystery how the mould of 380 kilos can be placed on railway tracks ....
why indian forces are not given special rights in Assam as they are given in kashmir
Add new comment