Sunday, 10 February 2013

5.5 kg Gold nugget found

So it wasn't just ANY metal detector that found the monster gold nugget missed by hundreds ... it was the nifty Minelab GPX-5000, a state-of-the-art metal detector that goes for $5,200.

"The GPX 5000 sets the new benchmark in gold detecting technology. With an amazing range of features and functions the GPX 5000 is not only superior to its predecessor, the GPX-4500, and is in a class of its own. Featuring Minelab's exclusive technologies, Multi Period Sensing (MPS), Dual Voltage Technology (DVT) and Smart Electronic Timing Alignment (SETA), the high performance GPX 5000 is capable of finding more gold than ever before. From sub-gram nuggets to the elusive 'retirement nugget' and everything in between, with the GPX 5000, you can find it.

New improved electronics, new Soil/Timings and an amazing range of features combined with the legendary GPX ability to ‘see through ground' mineralisation, gives you a significant Depth Advantage over other detectors."

There we go. Naturally its the monster 'retirement' nuggets we're all after so we best not be too cheap basterds and attempt to save a few bucks on a PoS metal detector from Canadian Tire.


MELBOURNE(BullionStreet): An amateur prospector has discovered a huge gold nugget with an estimated value of more than $300,000 in Australia's Victoria state.

According to reports, the nugget weighing 177 ounces, or 5.5 kilograms has been unearthed with a metal detector just outside Ballarat in a popular area for prospecting.

"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 but he persisted and he's been rewarded.