Categorized | Environment, History

Australian Man Finds 11-Pound Gold Nugget Down Under

 

“Mate, I Found a Good One”

(VIDEO)

 

Skippy Massey
Humboldt Sentinel

 

Some folks have all the luck.

An anonymous amateur prospector in southern Australia
has unearthed a huge piece of gold, reportedly worth more
than $300,000.  The man found the 177 troy ounce nugget
near Ballarat, Victoria.

The prospector passed the gold on to a mining exchange
in Ballarat, reportedly saying, ‘Mate, I found a good one.’

mining exchangeIf sold at market value it would be worth just shy of $300,000, but its extreme rarity would mean it be worth far more, according to Cordell Kent, owner of the Ballarat Mining Exchange Gold Shop.

Such a large nugget such may be worth upwards of half a million dollars for individuals and museums desiring to add the unique and rare speciman to their collections.

“If you are silly enough to melt it down, it would be worth just under $300,000 on market value but as a nugget at this size and shape, it’s worth significantly more than that,” Kent said.  “I can’t remember a nugget this big ever
being found locally.”

The exact location and the identity of the lucky prospector
remain secret, but Kent said the “very pure” nugget was
found within 18 miles of Ballarat.

huge-gold-nuggetThe massive nug was found about 2 feet below the surface of the ground.  The man was using a $6,000 state-of-the-art Minelab GPX5000 super metal detector with a small coil, which meant he was able to find the gold relatively deep underground in an area which had been searched many times in the past.

The prospector said it sounded like the hood of a car going off through his headphones.  He noticed the ground wasn’t disturbed so the area hadn’t been previously searched before.  The Y-shaped nugget was lying flat in the clay and gravel soil below, and when he carefully dug it up, was surprised to find a solid chunk of gold measuring 8.6 inches long , 5.5 inches wide, and having a maximum thickness of nearly 2 inches.

The man had only made small finds before, Kent said, but he was “a person that really deserved it.  Up until yesterday the smallest nugget he had found was a small one, about a quarter of an ounce.”

Kent said the giant nugget is of national and historical significance and he hopes to sell it within Australia.  Given its size, there would need to be special permission granted for it to be exported overseas.  He also predicted there would be a fresh gold rush hit the Ballarat region.

“We’re so far into a gold rush and we have years and years and years of hope ahead of us.  It’s unbelievable.  I’ve got no doubt there will be a lot of people who will be very enthusiastic about the goldfields again,” the Ballarat Courier quoted him as saying.

nugget“It gives people hope.  It’s my dream to find something like that, and I’ve been prospecting for more than two decades.  There’s nothing like digging up money, it’s good fun,” Kent said.

The last reported gold nugget found in the Ballarat region was in July of last year.  That nugget, named Destiny, weighed 117 troy ounces and was discovered in the Golden Triangle region of Ballarat, Bendigo and Stawell of Australia.

A short 23-second video clip of the massive nug can be seen here.

 

gold map

Leave a Reply

HumSentinel on Twitter

RSS Progressive Review

  • Want to hide a government trip? Just classify it
    Peter Van Buren, Firedog Lake - The GAO learned that Robert Mueller and Eric Holder decided on their own that the intelligence agency exemption also applied to them. With income tax season in the U.S., all thoughts turn to cheating.The Government Accounting Office works directly for the Congress. In a recent report to the Senate Judiciary Committee, the GAO […]
  • Pee for power
    SalonThe average person urinates seven times per day, and it is hard not to think of the bodily fluid as waste. But to scientists at NASA and the University of Puerto Rico, one person’s pee could be that same person’s refreshing glass of water — and power supply. A newly developed filtration system has the capability of turning urine into water and create el […]
  • High suicide rate for male farmers
    Rural BlogMale farmers are four times more likely to attempt suicide than men in other professions, Max Kutner reports for Newsweek  magazine, which recently revived its print edition. "For decades, farmers across the country have been dying by suicide at higher rates than the general population. The exact numbers are hard to determine, mainly because s […]
  • FBI challenges NSA in race against Constitution
    EngadgetIf you thought that the NSA wanted too much personal information, just wait a few months. The EFF is reporting that the FBI's new facial recognition database, containing data for almost a third of the US population, will be ready to launch this summer. Codenamed NGI, the system combines the bureau's 100 million-strong fingerprint database w […]
  • Furthermore
    The earlier you fly, the better chance your plane will be on time73% support a higher minimum wage […]
  • Boston doctors can now prescribe bike share
    Fast CompanyOne of the biggest hurdles new public bike-share programs face is the problem of social inclusion. For a large part, the programs, which have popped up in cities from New York to Austin in recent years, aren't gaining major traction with low-income communities.Boston, however, has taken an aggressive approach to making sure that everyone, re […]
  • Word: Ukraine
    Richard BrennemanIf the U.S. is really consumed by the need to get all aggressive over massive human rights abuses, then why aren't we threatening Saudi Arabia, where women can't drive and are subjected to arbitrary whims of a religious paramilitary police -- the same zealots who forced a dozen girls to burn to deathsimply because they tried to fle […]
  • Doctors favor pot legalization
    AlterNetThe website WebMD this month revealed results of a survey of 1,544 doctors from more than 12 specialties in at least 48 states.Fifty-six percent said it should be medically legal. An even higher number, 67 percent, said it should be a medical option. A whopping 69 percent agree that marijuana could be effective in treating certain ailments.About 52 p […]
  • Kerry falls for Ukrainian hoax
    GuardianThe barricades that mark the entrance to the "Donetsk People's Republic" are plastered with anti-fascist posters, including an American flag with a swastika in place of the stars. The pro-Russian protestors who have set up their own government in the occupied administration building see the new Kiev regime as dominated by intolerant Uk […]
  • San Diego disses the Constitution 150,000 times against welfare recipients
    Public Interest Law ProjectSince 1997, San Diego County has required all families applying for welfare to submit to warrantless, suspicionless, unannounced home searches and interrogations by District Attorney investigatorso.  As of June 2013 about 150,000 families, or about 9,300 families each year, have been subject to these searches. This policy, called P […]
  • What offshore tax havens are costing you
    US PIRG - the average American taxpayer in 2013 would have to shoulder an extra $1,259 in state and federal taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals. “Average taxpayers and small business owners foot the bill for offshore tax dodging. Every dollar in taxes companies avoid by booking p […]
  • Word: An Atlanta mother writes Barack Obama about testing
    Washington Post - The policies currently promoted by your Department of Education are actually hurting – not helping– schools like ours. It is clear we will reduce schools’ efficacy if public education remains fixated on tests that only measure limited concepts – tests that regularly relegate less advantaged children into the “bottom half” and limit their ac […]
  • Government highway trust fund almost broke
    Washington Examiner - On the road in a tour bus this week, the U.S. transportation secretary is spreading some bad news: The government's Highway Trust Fund is nearly broke. If allowed to run dry, that could set back or shut down projects across the country, force widespread layoffs of construction workers and delay needed repairs and improvements.Antho […]
  • Jazz break
    John Pizzarelli plays "I Got Rythmn […]
  • Gravestones of note
    And the epitaph of Dr. Fred Roberts in Pine Log Cemetery, Brookland, Ark.:OFFICE UP STAIRS […]