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India's J&K to start extracting gold soon

medulla

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India's J&K to start extracting gold soon

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India's northern most state Jammu and Kashmir said it will soon start extracting gold from the two gold deposits found at Akhnoor and Boniyarin in Kashmir Valley.

NEW DELHI(BullionStreet) : India's northern most state Jammu and Kashmir said it will soon start extracting gold from the two gold deposits found at Akhnoor and Boniyarin in Kashmir Valley.

According to state Department of Geology and Mining, the process to extract the precious metal will be started after consultations with experts in this field.

Jammu and Kashmir last week announced the findings of gold and zinc deposits at Akhnoor in Jammu district and Boniyar of Baramullah district.

Iron ore deposits has also been found in Bhaderwah belt of Doda district and Sopore belt of Barmalla district, the department said.

The department has carried drilling of 369.20 m during 2011-12 in Jammu and 564.23 Meters in Kashmir valley and has fixed a target of drilling of 1000 m for the year 2011-12 up to March this year.

The Geology and Mining Department of the state in collaboration with the Geological Survey of India also conducted a survey in the Dastgam area of Kargil after receiving reports of gold ore in that belt.
 
Hmm..

We have struck Gold in J&K ? !

Wonder where in Akhnoor have they found gold. Spent many years in those parts.
 
Good, will create employment in Kashmir.

Just hope it wont destroy the beautiful scenary too much.

Hmm..

We have struck Gold in J&K ? !

Wonder where in Akhnoor have they found gold. Spent many years in those parts.

I wont be to certain, Pakistan have always claimed to have gold, gas and oil. But it has never been extracted or shown in real. This could be the same for India in this case.
 
Good if gold is found. atleast some budget deficit will come down, if gold is not purchased from foreign countries.
 
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