According to Geological Survey of India (GSI) findings, the probable conservative figure of gold which can be unearthed is estimated to be around “160 kgs and not 3350 tonnes” as mentioned in several media reports. For more information, read the following GSI press release below!
Shri M. Shridhar, Director General, Geological Survey of India gives clarification in regards to the media reports of finding 3,350 tonnes of gold in Sonabhadra district of Uttar Pradesh.#GSI #UncoveringIndia #Sonbhadra #UttarPradesh #Gold pic.twitter.com/11ALIfJBvM
— Geological Survey of India (@GeologyIndia) February 22, 2020
Following the report, The exploration was carried in the Field Season 1998-99 & 1999-2000 and the report has been handed over the DGM UP for further and necessary action. As per the report, the GSI has estimated a probable category resource of 52806.25 tonnes of Or with 3.03 grams per tonne gold (average grade) for a strike length of 170m in Sub-Block-H, Sonapahari area, Sonbhadra district, UP,” the notification issued by Geological Survey of India stated.
Meanwhile, Director General of Geological Survey of India, M. Shridhar remarked, “Such data was not given by anybody from GSI. GSI has not estimated such kind of vast resource of gold deposits in Sonbhadra district”.
“We share our findings regarding any resources of ore after conducting survey with the state units. We (GSI, Northern Region) had carried out work in that region in 1998-99 and 1999-2000. The report was shared with UP DGM for information and further necessary action,” he added.
However, many media houses published reports adding that a massive 3000 tonnes of gold reserves had been discovered by the GSI in Sonbhadra district of Uttar Pradesh. The reports had quoted district mining officials of UP for that number.
Moreover, Sonbhadra district mining officer K K Rai’s statement on Feb 21, adding that the gold deposits were found in Son Pahadi and Hardi areas of the district had triggered a frenzy in the media with some reports even claiming that the gold deposit could be around 3,000 tonnes and worth Rs 12 lakh crore.
Consequently, “The mineralised zone having an average grade of 3.03 grams per tonne of gold is tentative in nature and the total amount of gold that can be extracted from the total reserve of 52806.25 tonnes of ore is approximately about 160 Kg and not 3350 tonnes as attributed in the recent reports, the GSI notification asserted.
Author: Trilok Singh is with CEO here.