Gold nugget find, high gold price drives resurgence in prospecting near goldrush towns
ABCThe high gold price continues to drive a resurgence in prospecting in Western Australia, and the discovery of a large, 1.4-kilogram nugget likely to fetch more than $100,000 is helping spread another bout of gold fever. Key points: A prospector near Kalgoorlie has found a 1.4kg gold nugget The Australian dollar gold price is trading near historic highs Every year thousands of prospectors flock to WA gold fields A prospector, who wants to remain anonymous, discovered the large gold nugget near the historic mining city of Kalgoorlie-Boulder several weeks ago. "That doesn't really narrow it down much … but there's plenty of gold to be found," Mr Cook said. He said today's gold price makes prospecting a unique money-making hobby for motivated and lucky prospectors. "It's a pretty good gold price knocking on the door of $60 per gram, which makes the smaller stuff worth going for.
History of this topic
Talk about striking gold! Metal detectorist unearths the largest gold nugget EVER found in England - and it's set to fetch at least £30,000 at auction
Daily Mail
Australian trio unearth two massive gold nuggets worth nearly £200,000
The Independent
Prospector In Australia Finds Giant Gold Nugget
NPRDiscover Related