Two giant gold nuggets worth $250,000 found in Australia
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Thread: Two giant gold nuggets worth $250,000 found in Australia

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  1. #1
    us
    Oct 2018
    Central Valley California
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    All Types Of Treasure Hunting

    Two giant gold nuggets worth $250,000 found in Australia

    (CNN)Gold diggers in southern Australia have found two huge nuggets worth $350,000 AUD ($250,000 USD) in historic goldfields.
    The pair of nuggets weigh in at a combined 3.5 kilograms (7.7 pounds) and were found on the same day near Tarnagulla in the state of Victoria, as shown on Thursday's episode of "Aussie Gold Hunters" on the Discovery Channel.
    Prospectors Brent Shannon and his brother-in-law Ethan West found the nuggets in a matter of hours with the help of West's father Paul West, according to a Discovery Channel press release.
    The nuggets could fetch up to 30% more than their estimated value by weight if they are sold to a collector, according to the release.
    "I reckoned we were in for a chance," Shannon told Australian breakfast chat show Sunrise. "It was in a bit of virgin ground, which means it's untouched and hasn't been mined."
    The pair had been waiting months for a permit that would allow them to start searching for gold in the area, according to the release.
    West said he estimates he has collected thousands of small pieces of gold in four years.
    "These are definitely one of the most significant finds," he said. "To have two large chunks in one day is quite amazing."
    The team -- who call themselves the Poseidon Crew -- told Sunrise that they use an excavator to dig up dirt, before using a metal detector to see if there is any gold to be found.
    In January 2013 an amateur explorer unearthed a golden nugget weighing 5.5 kilogram (12.1 pounds), buried 60 centimeters (23.6 inches) in the ground outside Ballarat, around an hour's drive south of Tarnagulla.
    At the time experts valued the find at at least $300,000.
    Gold has been continuously found in the region since 1851, but technology has become an essential aid for modern prospectors, Cordell Kent, owner of The Mining Exchange Gold Shop, said in 2013.
    "In the old days miners could only see or feel gold -- but now with detectors they can hear it," Kent said.

    https://www.cnn.com/2020/08/20/asia/...ntl/index.html

    Click image for larger version. 

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    G.A.P.metal, embrym, BillA and 3 others like this.

  2. #2
    us
    Oct 2018
    Central Valley California
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    Does anyone know exactly why Australia has so much gold? And why are their nuggets so big, not flaky tiny bits that we have to settle with?
    Rail Dawg likes this.

  3. #3
    us
    Amature Historian and World Traveler.

    Feb 2013
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    Thanks for sharing....

  4. #4
    us
    Feb 2015
    Moses Lake WA & Provo UT
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    Prospecting
    Quote Originally Posted by firebird View Post
    Does anyone know exactly why Australia has so much gold? And why are their nuggets so big, not flaky tiny bits that we have to settle with?
    The place certainly is loaded with gold.

    The Australian continental crust is among the oldest on Earth. That has given plenty of time for weathering of mineralized ground to release a lot of gold it was holding (lucky on that point too). That combined with the arid climate (though I don't know how long it's been that way) has probably led to the creating of the rich residual placers. I bet there's gobs of fines out there but the lack of water is prohibitive to recovering it. Why break your back over fines while monster nuggets are there for the pickin! I bet the Motherlode of California would be similar if not incredibly more rich given similar conditions of weathering. That's just my guess.
    Last edited by OwenT; Aug 21, 2020 at 05:56 PM.

  5. #5
    us
    retired bumb and part time Hobo

    May 2005
    St. Louis, missouri
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    Well I'm sure this made their day for sure ! CONGRATS to them !

  6. #6
    Charter Member
    us
    Look at the Historical Gold Mining photo albums on my page

    Jan 2013
    Huntington, Or./ Stanton, AZ/ former Outlaw California Gold Dredger
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    Quote Originally Posted by firebird View Post
    Does anyone know exactly why Australia has so much gold? And why are their nuggets so big, not flaky tiny bits that we have to settle with?
    They have fines also, just like we have large nuggets as well. Do some research on where big nuggets have been found here and go out and find them like so many of us here have done. I found a 2 pounder below No-Hands bridge in Auburn and many smaller chunks...
    Click image for larger version. 

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  7. #7

    Apr 2003
    Alberta
    Various Minelabs(5000, 2100, X-Terra 705, Equinox 800, Gold Monster), Falcon MD20, Tesoro Sand Shark, Gold Bug Pro, Makro Gold Racer.
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    Prospecting
    Quote Originally Posted by firebird View Post
    (CNN)Gold diggers in southern Australia have found two huge nuggets worth $350,000 AUD ($250,000 USD) in historic goldfields.
    The pair of nuggets weigh in at a combined 3.5 kilograms (7.7 pounds) and were found on the same day near Tarnagulla in the state of Victoria, as shown on Thursday's episode of "Aussie Gold Hunters" on the Discovery Channel.
    Prospectors Brent Shannon and his brother-in-law Ethan West found the nuggets in a matter of hours with the help of West's father Paul West, according to a Discovery Channel press release.
    The nuggets could fetch up to 30% more than their estimated value by weight if they are sold to a collector, according to the release.
    "I reckoned we were in for a chance," Shannon told Australian breakfast chat show Sunrise. "It was in a bit of virgin ground, which means it's untouched and hasn't been mined."
    The pair had been waiting months for a permit that would allow them to start searching for gold in the area, according to the release.
    West said he estimates he has collected thousands of small pieces of gold in four years.
    "These are definitely one of the most significant finds," he said. "To have two large chunks in one day is quite amazing."
    The team -- who call themselves the Poseidon Crew -- told Sunrise that they use an excavator to dig up dirt, before using a metal detector to see if there is any gold to be found.
    In January 2013 an amateur explorer unearthed a golden nugget weighing 5.5 kilogram (12.1 pounds), buried 60 centimeters (23.6 inches) in the ground outside Ballarat, around an hour's drive south of Tarnagulla.
    At the time experts valued the find at at least $300,000.
    Gold has been continuously found in the region since 1851, but technology has become an essential aid for modern prospectors, Cordell Kent, owner of The Mining Exchange Gold Shop, said in 2013.
    "In the old days miners could only see or feel gold -- but now with detectors they can hear it," Kent said.

    https://www.cnn.com/2020/08/20/asia/...ntl/index.html
    I watched them dig them up on the show, fun finds for sure, big beautiful chunks of gold too!

    All the best,

    Lanny
    Nothin' quite as fun as chasin' sassy nugget gold! http://www.treasurenet.com/forums/me...mysteries.html

 

 

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