A lucky gold hunter discovered a valuable gold nugget worth $4,000 buried just two feet under the ground. Bill M, as he is known, unearthed the 50g nugget in the Ballarat region of south-west Victoria. The precise location of the find is being kept confidential. Bill M shared a photo of his impressive discovery on the Detecting Downunder Facebook group, showcasing the beautiful nugget he found on private land in Ballarat.
Bill M, a prospector, made a remarkable discovery of a 50g nugget on a private property in the Ballarat region of south-west Victoria. This nugget was unearthed from a primary gold reef, indicating a promising find by Bill. A gold reef is a location where a significant amount of gold is found buried within the rock formation it was originally formed in. The treasure hunting community shared their thoughts on this exciting discovery, with one user curious about the value of such a sizeable nugget. According to the group administrator, based on the current price of gold at $82 per gram, the nugget is estimated to be worth around $4k. Some users added humor and amazement to the discussion, with one joking about not burying deep enough and another expressing awe at the find.
One year later, a prospector discovered a two-kilogram nugget in the Ballarat region, following a similar find by another prospector previously. Mark Day, who supplies prospecting gear at Gold Ballarat, mentioned that it was the largest nugget he had heard of in many years. He was amazed by the size of the nugget and urged the man who found it, a regular customer, to bring it in for him to examine. The man was so overwhelmed by his discovery that he was visibly shaking when he showed it to Mr. Day at the store. Offers for the nugget reportedly reached $160,000. This find is among Australia’s noteworthy gold discoveries, dating back to the Welcome Stranger nugget in 1869.
The Welcome Home nugget, housed in Ballarat’s Gold Museum, is a remarkable piece of Australian history. Unearthed by John Deason and Richard Oates in the quaint town of Moliagul, this massive nugget weighed a whopping 72kgs and measured 60cms in length. Their discovery fetched them a handsome sum of £9,381 at the time.
Fast forward to 9 June 1858, a group of 22 miners stumbled upon The Welcome nugget at the Red Hill Mining Company site in Bakery Hill, Ballarat. This impressive nugget measured 53cms in length and weighed 68.2kgs. It was later sold for £10,500, making its way to the Crystal Palace in London before finding a permanent home at the Royal Mint in 1859. Truly a nugget worth its weight in gold!
On September 26, 1980, a massive nugget known as “The Hand of Faith” was discovered using a metal detector. Kevin Hillier found it standing vertically just 30cm beneath the ground in Kingower, a quaint town in the Shire of Loddon, Victoria. The nugget, weighing 27.2kg and measuring 45cm in length, made its way to the Golden Nugget casino in Las Vegas, where it remains on exhibit till now.
In 1995, the Normandy Nugget was found in a stream near Kalgoorlie, Western Australia, making it the second largest gold nugget in the world. Weighing a hefty 25.5kg and measuring 27cm long, this impressive find is now in the possession of the Newmont Mining Corporation and can be viewed by the public at the Perth Mint museum.
On December 18, 1906, a massive nugget known as The Poseidon was found in the gold mining town of Tarnagulla, Victoria. Weighing 29.6kg, this nugget was named after the Melbourne Cup racehorse that won that year. The discovery led to the area being renamed Poseidon Lead, as many more gold nuggets were unearthed there.
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