An amateur Australian prospector who hadn't had much luck
searching for gold has struck it rich, unearthing a nugget
heavier than a newborn baby and worth more $360,000.
The anonymous prospector discovered the 5.5 kg (177 ounce)
nugget near the country town of Ballarat and in an area known
as the "Golden Triangle" due to its rich veins which sparked
a gold rush in the 1850s.
The find came to light on Wednesday when the man walked into
the Ballarat Mining Exchange Gold Shop and told owner Cordell
Kent: "Mate, I found a good one". He then revealed the
nugget, adding that he had weighed it on the bathroom scales
"It's a substantial nugget," Kent told Reuters.
The Y-shaped nugget, 22 centimetres long and 14 centimetres
wide, was found by the prospector using an Australian-made
"The intrinsic gold value is about A$286,000 ($NZ360,000),
but because it's a natural raw specimen and they're extremely
rare it's got a value far in excess of that," Kent said.
The southern state of Victoria's "Golden Triangle" is known
for large nuggets, such as the massive 27.21 kg "The Hand of
Fate" nugget, which is now housed in a Las Vegas casino.
Kent said the find was likely to create a new, mini gold
rush. "It's given a lot of prospectors great hope that there
still are great pieces out there," said Kent.