Andhra Pradesh to Auction Promising Gold Block in Chittoor Following Jonnagiri Success

The Chigurgunta-Bisanatham block, spanning 273 hectares on the southern edge of the Kolar mineral belt, has been evaluated to contain approximately 22.16 lakh tonnes of ore. The Indian government has announced that bids for exploration rights to this mineral block are currently open and will close on July 9.

This area is part of Karnatakas Kolar district, known for its rich mineral resources, including gold, silver, and other valuable minerals. The opening of bids is expected to attract interest from various mining companies and could result in increased investment and development in the region. The successful bidder will be responsible for carrying out exploratory activities and potentially extracting resources from the site, contributing to the local economy and employment opportunities.