Monday, January 10, 2011

Huge Gold Nugget in Sierra

A huge Gold nugget of approximately 100 troy ounce ( a bit over 3kgs) was recently found in Sierra. It is estimated to be worth $135,000 as per current gold prices but could even fetch prices till about $400,000 at the auction at which it will it will be sold in March. These kind of huge gold nuggets are prized and collected by Collectors all over the world.

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These kind of nuggets are mostly found in Australia and are a rarity for California. Fred Holabird, who was the mining geologist of the concerned area said that this nugget was a part of an ancient riverbed and it took heavy equipments to remove gold from the rock.

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