Tuesday, January 22, 2013

12 Pound Gold Nugget Found In Australia

amateur explorer who apparently wants to remain anonymous unearthed a 12 pound gold nugget in Ballarat, Australia that could be worth more than $300,000. The 12 pound gold nugget was brought into the Ballarat Mining Exchange Gold Shop to be evaluated.

Cordell Kent, the store owner, provided a few details into the find. According to Kent, the gold nugget was found within 20 miles of downtown Ballarat. It was found about 60 centimeters or 23.6 inches (if you can believe that) below the surface using a Minelab GPX-5000 detector that sells for between $6,000 -$7,000.
The person who discovered the 12-pound gold nugget could melt it down and sell it at market value for about $300,000. The finder could also decide to auction off the entire gold nugget which could also bring in significantly more money.

Source:The Inquisitr

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