Jaipur: Rajasthan well known for its crude oil will soon be known for its huge gold deposits. According to survey reports of Geological Survey of India (GSI) and Directorate of Mines, the reserves of gold have been found in the Ghatol region of Banswara district, which are 300 metre below the ground level.

The gold found in the region is of 2.55 parts per million (PPM). Survey report reveals that around 200 tonnes of gold ore worth Rs 40,000 crore are found in the area.

Notably,gold is extracted at Kolar Gold Fields of Karnataka from a depth of 13,000 feet.

Sources said the country has to import 1000 tonnes of gold. The start of gold mining at Rajasthan could also explore the recovery of Copper, Zine and Nickel from the site.

The GSI is making further survey to find out the presence and quantity of other minerals in the area. The tribal dominated Banswara district comes under Tribal Sub-Plan. Therefore, only Rajasthan State Mines and Minerals Limited have the mining rights in the region.

The experts said it will take two months for the start of mining works to extract the raw materials. In order to separate gold from the raw materials, the plant will have to set up which will take a process of around two years.