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Goldmine discovered in India which is more than India’s resources

Woo woo…

Where is the place..?

Geological Survey of India and Uttar Pradesh Directorate of Geology and Mining have found two goldmines having about 3,350-tonne gold ore in the Naxalite-affected Sonbhadra district. The discovery of gold deposits is about five times the current gold reserves of India, which is nearly 626 tonne.

The government is considering putting these coats on lease for drilling, for which a survey is being made. Gold deposits have been found at two sites — Sonpahadi and Hardi field. GSI expected gold deposits of 2,700 tonnes in Sonpahadi, while 650 tonnes in Hardi field,” KK Rai Mining Officer told news bureau ANI.

The state mining board has formed a seven-member team that visited Sonbhadra on Thursday. The team will map the goldmine area and will conduct geo-tagging. Executives say the mineral-rich mines of Sonbhadra are easy to dig due to their geographical position.

The mines are mostly located on a hillock, which makes them easy to work. The government will start the sale process as soon as payment payout and necessary approvals are given, they say.

Apart from gold, officials are also exploring the possibility of rare minerals like uranium in the area. Bundelkhand and Vindhyan districts of UP are rich in minerals like gold, diamond, platinum, limestone, granite, phosphate, quartz, and China clay.

As per the World Gold Council’s (WGC), an independent bureau that tracks gold trade globally at the wholesale level, India has 626 tonnes of the yellow metal as holdings, which is 6.6 per cent of the share held in gold in total foreign assets.

Here are essentially three gold areas. These are – 

(1) Kolar Goldfield in Kolar district of Karnataka

(2) Hutti Goldfield in Raichur district of Karnataka.

(3) Ramgiri Goldfield in Anantapur district of Andhra Pradesh

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