Home / Business and Economy / Lucky Prospector Unearths Massive Gold Find
Lucky Prospector Unearths Massive Gold Find
27 Oct
Summary
- An amateur explorer discovered a gold nugget worth at least $150,000.
- The nugget, weighing almost 1.2 kg, is nicknamed the 'Tibooburra Spud'.
- It was found near Tibooburra, a remote town in New South Wales.
An amateur prospector in Australia recently made a life-changing discovery, unearthing a substantial gold nugget valued at least $150,000. The find occurred on Mount Stuart station, near the remote town of Tibooburra in far north-western New South Wales.
After several days of searching and finding only discarded metal objects, the explorer detected a signal in the dirt. Upon investigation, a significant piece of gold mixed with quartz was revealed. This nugget, weighing close to 1.2 kilograms and containing approximately 940 grams of pure gold, has been affectionately nicknamed the 'Tibooburra Spud'.
Initial expert valuations place the nugget's worth between $150,000 and $160,000 based on its weight alone. However, its unique nature and size suggest it could command a higher price, potentially reaching up to $200,000 if sold to a private collector interested in such rare specimens.
