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.


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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