5 times the current Indian Gold Reserve 3500-tonne gold mine found in UP

[lightoftruth]

LUCKNOW: The UP government has stricken the gold, this time, in a literal sense. The authorities concerned have confirmed the presence of gold mines in Son Pahadi in Mahuli and Hardi village under Kon police station area of Padrakh village panchayat in the tribal district of Sonbhadra.

After the confirmation of the presence of over 3500 tons of gold reserves in the mountainous range, Uttar Pradesh government is preparing for the auction of the rocks containing gold through e-tendering and has also constituted a seven-member team for the purpose.

The team will be geo-tagging the entire region and will submit its report to the Directorate of Geology and Mining, Lucknow, by February 22.

As per reports of Geological Survey of India and Uttar Pradesh Directorate of Geology and Mining, the estimated gold is said to be around 3,589. 76 tonnes – 2943.6 tonnes in Son Pahadi and 646.16 tonnes in Hardi village area.

According to authorities, as per estimation of World Gold Council, India currently has 626 tonnes of gold reserves. The new reserves are almost five times that quantity and estimated to be worth Rs 12 lakh crore.

The work for finding gold reserves in Sonbhadra started in the year 1992-93 under the aegis of Geological Survey of India. It was reportedly the British who first initiated the process to find gold reserve in Sonbhadra region.

The 9-member team of officials, led by Mining officer-in-charge of the district, Vijay Kumar Maurya reached the block to hold discussions with the forest officials and revenue officials for the demarcation of the block where the gold mine has been spotted.

“Demarcation will be followed by e-tendering for awarding mining contracts and them mining will commence,” said an official who was part of the 7-member team.

The rock which is supposed to have the gold mines is spread over an area of 108 hectares. Besides, there is a possibility of the presence of many other minerals in the range.

The sources claimed that an aerial survey of the area through a chopper was being conducted for the last 15 days. The aerial survey is being conducted to look for the possible presence of uranium in the area.

https://www.newindianexpress.com/na...times-bigger-than-indias-reserve-2106630.html
https://www.indiatvnews.com/news/in...eo-photo-details-history-uttar-pradesh-591154

 

[Juggernaut_Flat_Plane_V8]

good find

 

[Wood]

Sounds too good to be true. But if true, this would catapult India to the second biggest gold reserve.

 

[vishwambhar]

Great news for Indian economy....

 

[maithil]

Good news for UP. 3500 tons of gold means almost 200 billion USD.

 

[kaykay]

Sounds too good to be true. But if true, this would catapult India to the second biggest gold reserve.

No. It won't go to the gold reserves with RBI so no question of adding to the gold reserves with RBI. India will auction it to some private player(most likely) and they will sell it further as per market demands etc.

 

[El Sidd]

This is an important find.

The world should intervene in India in return for this gold.

 

[El Sidd]

Everyone knows that once the treasure is found, it's routine to downplay it.

This much gold can fuel a genocide of Muslims by Yogi in Bihar

 

[Krptonite]

Everyone knows that once the treasure is found, it's routine to downplay it.

This much gold can fuel a genocide of Muslims by Yogi in Bihar

Are you fullfiling your India quota today?

Only reason I ask is on every other thread despite the thread title, you've successfully dragged India without rhyme or reason like the posts above.

Rare form sir, keep up the good work, you might single handedly defeat India.

 

[Turingsage]

You had better be careful about what you claim. My clear understanding is that there is 3500 tons of gold bearing ORE. Not 3500 tons of gold. That after expensive extraction and processing it will yield optimistically 160kg of gold.
In reality it will be a miracle if they manage to extract even a tenth of that 160 kg assuming it is ore that can be accessed ( we still do not know) and is of sufficient concentration to make it worthwhile to access and then process.

In other words it may take the value of 200 kg of Gold to extract that 160 kg of gold. NOT WORTH THE EFFORT.

Somewhere the Indian press has mixed up 3500 tons of Gold ORE to 3500 tons of pure Gold.

 

[El Sidd]

Rare form sir, keep up the good work, you might single handedly defeat India.

Inshallah

Only reason I ask is on every other thread despite the thread title, you've successfully dragged India without rhyme or reason like the posts above.

There is no reason to not drag the biggest humanitarian crisis facing the world in every discussion. It is human conscience that drives modern man's critic of Fascist RSS Republic.

Are you fullfiling your India quota today?

Even a smile can be charity.

 

[KhanBaba2]

Everyone knows that once the treasure is found, it's routine to downplay it.

This much gold can fuel a genocide of Muslims by Yogi in Bihar

Yogi is CM of Uttar Pradesh, not Bihar. Nitish Kumar is CM of Bihar.

 

[Adil Khan Kakar]

Admin should close this thread as it is based on fake news
https://www.google.com/amp/s/thepri...oled-such-is-indias-love-for-gold/370369/?amp