The Chhattisgarh Government would soon commence the auction process for State’s lone gold block located in Baghmara village of Sonakhan block in Baloda Bazaar district for granting a composite license for both prospecting and mining activities.
The gold reserve is spread in a massive area of 6.1 square kilometres, officials stated.
The tendering process and allotment of licences by the Chhattisgarh Mineral Resources Department is expected to be completed by February 2016, they stated.
The quantity of the gold under the ground in the mining block is being estimated at about 1,800 kilograms. However, the officials also pointed out that the reserves could of much more in the gold block than estimated.