An Australian prospector has unearthed a huge gold nugget weighing 5.5 kilograms (12 pounds). The current market value puts this nugget at $315,000.
The man used a hi-tech metal detector near Ballarat in Victoria to find it 2 feet underground. The region is known for its gold prospecting, but local experts say this find is unprecedented. “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,” Cordell Kent, owner of the Ballarat Mining Exchange Gold Shop.
“There’s nothing like digging up money, it’s good fun,” says the unidentified prospector.
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