Gold deposits found in Chikkamagaluru: seeking permission for exploration work

Gold deposits: Reports indicate that a Bengaluru-based company, Aurum Geo Exploration Private Limited, is seeking permission to conduct gold exploration work in the Tarikere taluk of the Chikkamagaluru district. Gold deposits found in Chikkamagaluru: seeking permission for exploration work.

The company has a composite license from the Department of Mines and Geology to prospect for gold in over 10,000 acres, which includes both forest and agricultural land. The company plans to drill boreholes to assess the gold deposits in the area, with previous studies suggesting a “significant value” of 19 to 80 grams per tonne.

The company plans to drill approximately 100 boreholes to confirm these estimates and determine the viability of mining operations. However, this has raised concerns from environmentalists and wildlife officials, as the proposed exploration area includes a critical wildlife habitat, a buffer zone to the Western Ghats, and known elephant corridors.

The Karnataka Forest Department is currently considering the company’s application for permission to conduct the exploration activities. The process requires a series of clearances, and the environmental impact of the drilling and related operations is a major point of discussion.

Gold Resources in Karnataka:

Karnataka is India’s leading gold-producing state, accounting for over 80% of national output. Historically, Kolar Gold Fields and Hutti Gold Mines are major contributors. memcbengaluru.co.in

The Mangalur Greenstone Belt, about 40 km north of Hutti, has recorded gold grades up to 18.9 g/t and inferred resources of 22,645 ounces with attractive average grades around 7.8 g/t.

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