Tharparkar may have gold reserves also

April 18, 2012 (Daily Business Recorder) YASIR BABBAR KARACHI: After huge coal deposits, Tharparkar district may get the distinction of having gold reserves. A private company has completed reconnaissance and applied for gold exploration license, informed sources told Business Recorder here on Tuesday. M/s Zaver had got the license from Sindh government in 2007 to undertake reconnaissance. The company carried out work on 700 sq kms area. Later, it applied for renewal of the license for 300 sq kms, sources added. The company completed the spade work with the help of experts from Australia. It found some positive signs that there are gold reserves in shape of powder in the area, sources said. After initial work, the company had applied for the license of exploration in 265 sq kms in Taulka Nangar Parkar of district Tharparkar, sources said. The Mineral and Mines Development Department of Sindh government is the authority to issue license to companies and individuals. The department had received Rs 15,000 per square kms in head of license fees from the said company, sources said. The department has completed its formalities and exploration license would be issued to the company in next couple of days, sources said. Director General Mines and Mineral Development Department told this scribe "though, I am new here but according to my knowledge, a private company namely M/s Zaver had applied for the exploration license here. He said the company is working on gold reserves and has found some positive signs in this connection.