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Indian scientists found significant gold reserves in Odisha, especially in Sundargarh, Nabarangpur, Keonjhar, and Deogarh. The state government plans its first gold mining auction in Deogarh
Exploration is also ongoing in Boudh, Malkangiri, and Sambalpur districts, with research conducted in areas like Maredihi, Suleipat, and Badampahad. (AI-Generated)
Gold has long been regarded as the most secure and dependable asset. For a nation to achieve economic stability, its gold reserves play a crucial role. While the value of paper currency is subject to fluctuations for various reasons, gold consistently maintains its value.
Historically, gold has been used as a safeguard against inflation and an asset that assures investors during periods of economic instability. It is not only a precious metal but also plays a vital role in the global economy.
Discovery Of Gold Reserves In Odisha
Indian scientists have recently uncovered substantial gold reserves, particularly in multiple regions of the state of Odisha, positioning the state to become a central hub for gold mining. Experts suggest that these findings will significantly impact the future of India’s gold reserves.
Significant gold deposits have been discovered in the districts of Sundargarh, Nabarangpur, Keonjhar, and Deogarh. Exploration activities are also ongoing in Boudh, Malkangiri, and Sambalpur districts, with research being conducted in areas such as Maredihi, Suleipat, and Badampahad.
Geological Surveys And Mineral Wealth
Geological surveys in the Deogarh district of Odisha indicate that the deposits are larger than the previously discovered Adasa-Rampalli gold deposits. Additionally, the Geological Survey of India (GSI) is exploring the area for copper, indicating diverse mineral wealth.
Exploration In Keonjhar District
The Odisha state government, GSI, and Odisha Mining Corporation are actively overseeing the exploration process. The ongoing efforts in Gopur-Ghazipur, Mankadchuan, Salekana, and Dimirimunda areas in the Keonjhar district aim to further develop Odisha’s mining sector. The state government plans to effectively utilise these gold reserves.
Upcoming Gold Mining Block Auction
The Odisha government is preparing to hold its first-ever gold mining block auction in the Deogarh district. This auction will mark a significant milestone in the development of the state’s mining industry.
Experts believe these steps will rapidly advance Odisha’s mining sector, establishing Odisha as a leading gold mining state in the future and bringing substantial economic benefits to the state and the country.
- Location :
Odisha (Orissa), India, India