India clarifies size of gold discovery in Uttar Pradesh

LUCKNOW: India has clarified the nature of a gold discovery in Uttar Pradesh, after a government official said on Saturday that fields with reserves of more than 3,000 tonnes of gold ore had been found, prompting a flurry of activity on social media.

Central and state departments have discovered traces of gold in northern Uttar Pradesh’s Sonbhadra district after surveying the area for more than 10 years, Roshan Jacob, the head of the mining department in the state had said.

Jacob told Reuters that about 3,000 tonnes of gold ore had been found in two areas in the region, adding that concentration level of gold in the area was about 3 grams per tonne of ore.

But India’s Geological Survey of India (GSI) said on Saturday the total gold that could be extracted from the region might only be about 160 kilograms.

“GSI has not estimated such kind of vast resource of gold deposit,” it said in a statement.

Must Read

Karachi Port receives $50mn upfront payment from AD Ports Group

$25 million was paid as an upfront concession fee while remaining $25 million is an advance payment for using port facilities