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Gold

Fly to Australia to find gold!

Ree Saunders by
Categories: Australia Tags: Australia, Gold, Mining
An amateur gold prospector has discovered a gold nugget weighing 5.5kg outside the town of Ballarat, 65 miles from Melbourne, Australia.

The giant nugget is estimated to be worth more than AUD$300,000, around £197,000. The unidentified novice prospector discovered the Y-shaped nugget, which was buried 60cm underground, on Wednesday, and his find could send hundreds flying to Australia to try their hand at prospecting. The area in which he was searching has been prospected for gold for decades, but according to local experts a discovery on this scale has not been made before. Owner of the Ballarat Mining Exchange Gold Shop, Cordell Kent, said: "I have been a prospector and dealer for two decades, and cannot remember the last time a nugget over 100 ounces has been found locally...It's extremely significant as a mineral specimen. We are 162 years into a gold rush and Ballarat is still producing nuggets - it's unheard of." “"A lot of people think Victoria's goldfields are dead and that there's none left, but he has worked in the area where a lot of people have worked in the past but he persisted and he's been rewarded.” According to Mr Kent the prospector used a state-of-the-art metal detector that allowed him to find gold fairly deep underground. "I've got no doubt there will be a lot of people who will be very enthusiastic about the goldfields again, it gives people hope," said Mr Kent "There's nothing like digging up money, it's good fun." A video was uploaded displaying the gold nugget on YouTube by user TroyAurum, who said “the prospector said it sounded like the bonnet of a car through the head phones.” Image Sources: 1 2
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