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
Looking at the arguments by Naik supporters it is not difficult to understand why he has billion followers..This world has more FOOLS than the intellectuals. All the bad things attracts more people.. this is the general law. These are the same people dreaming of going to heaven to enjoy 72 virgins while creating hell in the real word. The whole world laughs at their logics...Hahaha.
I think Arnab by now saw his videos in full context ... He and the indian media is silent...
I dont know how many of them are misguided by this cheddi reporter and make enemy the TRUTH.
I feel pity to cheddi member who doesnt use their intellect and watch the videos in full context so they could be spared from ignorantly harming others without knowledge which will be judged infront of the CREATOR who created U me and all the exists including the enemies of TRUTH.
Next, home minister will send inspection notice to RSS ???
If Dr. Zakir Naik is on right path, nothing will happen to him, his noble work and his organisation, in sha Allah. May Allah keep him on right path and teach good lesson to the enemies of right things.
Dr. Zakir Naik has got Billions of followers....he teaches how to get to right path towards peace....
Add new comment