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The E-Sylum: Volume 16, Number 3, January 20, 2013, Article 28

AUSTRALIAN MAN FINDS MASSIVE GOLD NUGGET

Dick Hanscom forwarded this piece from The Daily Mail about an Australian man who found a massive gold nugget. Larry Dziubek also noticed the story. -Editor

Australian massive gold nugget find An amateur prospector has discovered a once-in-a-lifetime find in the most unlikely of places - finding a huge lump of gold worth £200,000 in the Australian bush.

Using only a handheld detector, the unnamed novice was amazed when he found the y-shaped nugget 60cm underground near the town of Ballarat in Victoria.

Weighing 5.5kg, the discovery has delighted local experts who say that they have never encountered such a significant find.

The prospector was using a state-of-the-art detector, allowing him to locate the 'extremely rare' nugget in previously searched ground.

But despite the enormity of the find, the man initially thought he had detected 'the bonnet of a car' before seeing a 'glint of gold'.

Perhaps not quite believing his luck, friends revealed how the man kept cleaning the piece and 'the gold kept expanding and expanding'.

Ballarat Mining Exchange Gold Shop owner and dealer Cordell Kent said: 'I have been a prospector and dealer for two decades, and cannot remember the last time a nugget over 100 ounces (2.8kg) has been found locally.'

He said the anonymous prospector is a 'person that really deserves it' revealing that he rushed to tell his wife after finding it.

Gold currently trades in Australia at about $1,600 (£1,050) per ounce but because finding a piece weighing more than a kilogram is so rare this adds a premium.

The nugget measures 220mm in length, is 140mm wide and 45mm at its deepest point.

The trader also expected the find to attract a lot more prospectors to the area, saying: 'A finding like this gives people hope.

'There's nothing like digging up money, it's good fun.'

To read the complete article, see: Amateur prospector finds 5kg nugget of gold in Australian bush that’s set to sell for £200,000 (www.dailymail.co.uk/news/article-2263873/Amateur-prospector
-finds-5kg-nugget-gold-Australian-bush-s-set-sell-200-000.html)

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