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IPFS News Link • Gold and Silver

Amateur Prospector Finds $300,000 Gold Nugget With A Handheld Metal Detector

• Business Insider
 The man found a giant gold nugget weighing 177 ounces – worth approximately $295,000 at today's market prices.

The discovery was made in the town of Ballarat in the Australian state of Victoria.

According to the BBC, this is the biggest gold nugget local experts have ever seen:

"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," said Cordell Kent, owner of the Ballarat Mining Exchange Gold Shop.

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