Huge gold reserves found in Yasin village

Monitoring report

YASIN, Feb.01: A huge reserve of gold have been discovered at the Qhorqholti village of Yasen, the former capital of the ancient Brushal state, which is situated at a distance of about 10 km from the tehsil headquarters, it has been learnt here.As a result, national and international firms and companies have swung into action to put their hands on the natural wealth buried at the village. In the fore front of the companies searching for the gold reserves are Chinese and a dozen are Chinese firms are said to be arriving in the area to cash in on the situation.

YASIN Valley, once known for natural beauty may become center of focus for many due to identification of natural resources into its crest

According to the foreign experts, the area has vast reserves of gold, copper, iron, sulphur etc and their exploitation can bring a revolution not only in the region but also in the whole country.There are a number of Pakistan and other companies who are planning to get lease of the minerals in the areas. However, the mineral development department of Gilgit-Baltistan has not yet taken any initiative to start work on the project.It is also being reported that there have sound of been numerous underground blasts in the mineral rich village of Qhorqholti and the experts say that these sounds of blast are a result of clash between high quality sulphur. The residents say that if a reputed national or international firm is allowed to work on the exploitation of the mineral, the destiny of the region can be changed overnight.However, the people say that Gilgfit-Baltistan is a disputed area and without the agreement of the local people no outsider company can be given permission to work on the project in the region. Earlier, people of Gandaye area in Yasen started protest against a Chinese company when it was given lease of mineral exploitation.It has also been learnt that the government of Pakistan is planning to lease out the reserve by keeping the local people in the dark. However, the residents not only rejected the government's plan but also warned it of dire consequences. They also called upon the international community to put pressure on Pakistan not to exploit the resources of the disputed region without taking its people into confidence, Weekly Baang reports.