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Gold Rush - Amateur Gold Digger Strikes 12-Pound Jackpot :

Using a handheld metal detector, he found the nugget on Wednesday, 60cm underground near the town of Ballarat. Its value is estimated at more than $A300,000. The BBC reports gold currently trades in Australia at about $A1600 per ounce, but the weight of the nugget could add a premium.
      "We are 162 years into a gold rush and Ballarat is still producing nuggets - it's unheard of," said Ballarat Mining Exchange Gold Shop owner Cordell Kent. He said the prospector had been using a state-of-the-art metal detector, which meant he was able to find the gold relatively deep underground in an area which has been searched many times in the past.
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