A prospector has discovered a 1.4kg gold nugget near the historic mining city of Kalgoorlie-Boulder as high gold prices drive a resurgence in prospecting for WA.
Modern metal detectors can accurately sense gold about a metre below the surface, so a pick and shovel are essential equipment given most of the low-hanging fruit, better known alluvial or surface gold, has been collected over the past century.However, Mr Cook said the latest big discovery bucked that trend.
"I've seen quite a few like this over the years and you'd see them probably 3 or 4 times a year," he said."A lot of the time the bigger nuggets are deeper, not always, but they can be deeper in the ground and out of reach unless you've got machinery. "They're still out there and once upon a time they were a lot more frequent, but you just have to try your luck and use the right equipment."
Mr Cook said collectors typically pay a premium of 15 to 20 per cent on top of the gold value for rare specimens. He said today's gold price makes prospecting a unique money-making hobby for motivated and lucky prospectors."A lot of excitement around at the moment and that sort of thing just adds to it, but it's good to see it coming out of the ground like that."
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