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The gold deposits were found in Son Pahadi and Hardi areas here, district mining officer K K Rai said on Friday.
Work on finding gold reserves in Sonbhadra was started almost two decades back in 1992-93 by the Geological Survey of India, he said, adding that auctioning of these blocks through e-tendering would start soon. If these estimates hold true, India’s gold reserve would jump to second place behind US. According to the World Gold Council’s (WGC) data, the US has the largest gold holding with 8,133.5 tonnes, followed by Germany with 3,366 tonnes and IMF with 2,814 tonnes. Italy (2,451.8 tonnes) and France (2,436 tonnes) make the top five.
The deposits in Son Pahadi are estimated to be around 2,943.26 tonnes, while that at Hardi block are around 646.16 kilogram, the official said.
He added that besides gold, some other minerals have also been found in the area.
As per the World Gold Council, India currently has 626 tonnes of gold reserves. The new reserves are almost five times that amount and estimated to be worth nearly Rs 12 lakh crore.
The British reportedly were the first to initiate the process of finding gold reserves in Sonbhadra region, which is more in the news for being a Naxalism-affected area.
Interestingly, Sonbhadra – the second largest district of Uttar Pradesh – is the only district in the country which shares its borders with four states — Madhya Pradesh to the west, Chhattishgarh to the south, Jharkhand to the south-east and Bihar to the east.
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