Posted on 02/22/2020 8:50:16 AM PST by rktman
n nothing short of a jackpot for the Uttar Pradesh government, geologists have discovered massive gold deposits in Sonbhadra district of eastern Uttar Pradesh. The discovery comes after two decades of search by the Geological Survey of India and the Uttar Pradesh Directorate of Geology and Mining. As per the UP state GSI officials, there are two goldmines with around 3,500 tonnes of gold ore in the Naxal-affected Sonbhadra district. This is around five times the current gold reserves of the country which stands at around 626 tonne.
According to District Mining Officer KK Rai, the government is thinking of putting these deposits on lease for mining. The GSI had first said in 2005 that there were gold deposits present in Sonbhadra. The claim that goldmines are present beneath the mountains in the Naxal-hit district of Uttar Pradesh were confirmed in 2012. As per officials, a seven-member team has been set up for survey and soon auction of the blocks will begin.
According to media reports, the goldmines are situated in Hardi village and Sonpahadi in Mahuli village of Dudhi Tehsil in the district. Rai said that while 2943.25 tonne gold deposits are located in Sonpahadi, around 650 tonnes are in Hardi.
(Excerpt) Read more at financialexpress.com ...
HMMM..... just who, what companies, discovered the bonanza?
Definition of “gold mine:”
A hole in the ground with a liar on top.
Uttar Pradesh?
Is that by Salt Lake City?
General vicinity:
District:
Would not this huge a find cause a drop in the price of gold?????
LOL! Or Parker Schnable. Todd and crew would end up in Nepal.
Gold in the ground is not exciting, gold in the hand is another thing.
One, if you read carefully the article refers to gold ORE. I see no reference to how good the ore is. You really can go broke mining gold.
***You really can go broke mining gold.***
Like the old saying from 150 years ago...
“It takes a mint to operate a mine.”
Makes sense geographically, as there is a rediculous amount of tectonic relief and folding going on as you move into the Hymalayas.
If actually true, not counting all the cost of extraction, who wouldn’t be go after $170-$190 Billion dollars in gold...
Probably a whole lot of crazy stuff the Indians have not found in their Hymalayan regions.
Quick, someone contact top UN climate science spokes chief, Greta Thunderberger!
My dad was a mining engineer, Colorado School of Mines. I worked in a mine summers in college. 800 feet underground.
From The Ballad of the Northern Lights, by Robert Service;
“Some say that the Northern Lights are the glare of the Arctic ice and snow;
And some that it’s electricity, and nobody seems to know.
But I’ll tell you now—and if I lie, may my lips be stricken dumb—
It’s a mine, a mine of the precious stuff that men call radium.
It’s a million dollars a pound, they say, and there’s tons and tons in sight.
You can see it gleam in a golden stream in the solitudes of night.
And it’s mine, all mine—and say! if you have a hundred plunks to spare,
I’ll let you have the chance of your life, I’ll sell you a quarter share.
You turn it down? Well, I’ll make it ten, seeing as you are my friend.
Nothing doing? Say! don’t be hard—have you got a dollar to lend?
Just a dollar to help me out, I know you’ll treat me white;
I’ll do as much for you some day . . . God bless you, sir; good-night.”
If we really want to freak out the globalists, just contact top UN climate spokes chief Greta Thunderburgers office, and tell her the Indians are planning to use American cowboy “gold fracking” techniques on sacred Indian lands.
Gold ore can be pretty lean and still pay off.
Where I live in the US, crushed rock goes for about $15/ton at retail. Even if the costs of mining and crushing are double that due to a bad location, at $1500-1600/oz you don't need a whole lot of gold per ton to be profitable.
Now I recognize that a lot more processing is necessary to go from crushed rock to separated gold, but US $15 gets you crushed rock (3/4" and less) loaded into a truck and ready for transport to a nearby mill.
If we really want to freak out the globalists, just contact top UN climate spokes chief Greta Thunderburgers office, and tell her the Indians are planning to use American cowboy “gold fracking” techniques on sacred Indian lands.
Most populous state in India. 200 million people.
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