New Delhi: India’s hopes of unearthing a giant gold reserve just got smashed after the Geological Survey of India (GSI) on Saturday evening rebutted reports on the discovery of gold reserves worth 3,000 tonnes in Sonbhadra district of Uttar Pradesh. A geology official stated that there was some ‘miscommunication’ that led to wrong reporting of facts. Also Read - Flight Services From Ayodhya International Airport Expected to Start Early Next Year

A district mining official of the GSI had earlier claimed that gold deposits were found in Son Pahadi and Hardi areas, of a size almost five times India’s current reserve of gold. Also Read - Policeman Shoots Himself Dead Near UP Assembly Complex, Probe Underway

According to Director General at GSI, M Sridhar, nearly 52,806.25 tonnes of gold ore was found in Sonbhadra district during an exploration process that began in 1992-1993. The reserve was going to be re-auctioned. Also Read - UP Gram Panchayat Election 2021: Reservation List of Seats Released For Varanasi District | Download Full List Here

However, Sridhar said that some miscommunication of facts has caused an overestimation of reports about the gold ore reports. He clarified that the GSI has not estimated such a vast resource of gold deposits 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 was the first to initiate the process of finding gold reserves in Naxalism-hit Sonbhadra region. Interestingly, Sonbhadra – the second largest district of Uttar Pradesh – is the only district in the country which shares borders with four states — Madhya Pradesh to the west, Chhattishgarh to the south, Jharkhand to the south-east and Bihar to the east.