Lucky prospector strikes rich
A massive gold nugget found near Ballarat on Wednesday by an anonymous prospector is estimated to be worth more than $300,000.PT0M16S http://www.canberratimes.com.au/action/externalEmbeddedPlayer?id=d-2cx4o 620 349 January 18, 2013
A GOLD nugget with an estimated value of more than $300,000 has been unearthed near Ballarat.
An amateur prospector, who wants to remain anonymous, found the nugget weighing 177 ounces - or 5 kilograms - with a metal detector just outside Ballarat in a popular area for prospecting.
The owner of the Mining Exchange Gold Shop in Ballarat, Cordell Kent, said the find was one of the most significant in his 20 years in the business.
Cordell Kent with the lucky find. Photo: Kate Healy/The Courier
''We have 800 prospectors on our books and only a couple of those have ever found a nugget over 100 ounces,'' he said.
Mr Kent is seeking a buyer for the nugget on behalf of the prospector.
He said prospecting was increasingly popular, with gold valued at $1600 an ounce.
''A lot of people think Victoria's goldfields are dead and that there's none left, but he [the prospector] has worked in an area where a lot of people have worked in the past.''
The nugget was found about 10.30am on Wednesday. Mr Kent would not reveal the exact location.