Big Gold Nugget Found, Ballarat Australia – Weighs 177 ounces!

big gold nugget found weighs 177 ounces

This is the 177 troy ounce monster gold nugget.  The big gold nugget found, Ballarat Australia – Weighs 177 ounces or 5,505 grams – (That’s a hefty 5.505 kgs or 14.8 pounds.)   This monster nugget was found by a gold prospector that was using a  metal detector close to Ballarat, Victoria, Australia on January 16, 2013.  Yup that’s  a really big gold nugget found, Ballarat Australia – Weighs 177 ounces that’s huge! The price for it should be at least 2x spot or about $1680 US/oz U x 2 or about 500,000. Not bad for a day’s work! I’ll bet the real story is a bit longer than a days search went into finding this nugget. We’ll have to see…

Gold News upload date 10:30am Jan 16 2013!

You have got to see the big nugget beast to believe it.  I’m writing this page as fast as possible so you get the news before the big Ballarat gold rush is on! Anyway you may want to pack your bags and get ready to go and compete for the next monster nugget. How about your name next to the title “big gold nugget found, Ballarat Australia – Weighs 177 ounces…” ?

Here’s the video that was just posted on YouTube about the Gold nugget found – Weighs 177 ounces Ballarat Australia…  This one’s going down in the history of record breaking gold nuggets. It is the second such monster nugget in the last year from the Ballarat region. That makes the region one of the best for gold finding and nugget recovery. Way to go for Australian gold prospector’s!

See gold nugget here  http://youtu.be/wiAnhfZ9HKI

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Gold panning in seven steps – How to find placer gold with a pan

Here are seven simple steps to follow while gold panning.  Keep in mind that you’ll need to adjust these procedures based on the type of gold pan you have and  the type of placer gold that you find while prospecting and mining.  Other reasons to adjust include, skill levels, recent floods and topography, All these will influence your gold panning steps. A gold pan is the most fundamental of gold prospecting tools. In fact the gold pan is a very, very old technology.

Gold panning still provides you the simplest, cheapest and most reliable means to concentrate gold for extraction or recovery. And gold panning is fun!

When a gold pan is used with the proper gold panning technique it is fairly easy to do and should not need that much effort to reduce each pan to gold concentrates and black sands as a result. So here is a simple guide on how to pan for gold…

Gold panning

Fill the gold pan 3/4 full with gold pay-dirt from your placer sample location . Gently submerge the pan slightly & soak the contents while holding pan horizontally. Stir the wet material with your fingers and remove any large rocks, sticks or roots.  Always check these gold panning tailings materials, perform a brief check for gold. Usually look for gold’s bright yellow glowing color and metallic luster, not sparkles.   Also separate this gold panning waste material into neat tailings pile that you go through later, perhaps using a metal detector to look out for gold bearing rocks that you may have overlooked.For effective gold recovery, be sure you can easily recover material from this mining tailings pile later, or put it into another clean safety pan or container when you initially practice.  This container consists of another gold pan or you can use a lid from a tub. Set theses such that you can safely pan into them without loss.  As you get good at panning or sampling for gold you’ll need the safety pan less because you be confident of the gold that you’ll recover.  Even then there are times a pro will use a safety pan because of the knowledge that there will be significant remaining gold that was missed in the previous panning cycle.  Usually this is only when there’s a lot of fine gold present.Now it’s time to break up any clay or hard packed pay-dirt material in the pan.  Stir the water into the material and submerge your pan gently and carefully to wash any twigs, roots, rocks or mossy material that may be in your pan with the dirt you picked up .  It’s a good idea to rinse  any coarse porous rocks free of any clay  material stuck to their surface.  Gold will easily stick to clay and can be washed downstream with the lighter rocks and gravel with clay stuck to them. If you don’t break apart or wash gold out of the pores and holes in the rock before the rock passes out of your pan, you can lose gold.Shake the gold pan vigorously in a slight circle mixing it up with your hand at the same time. You are going to liquify the sand, mud, rocks & gold. Be careful not to slosh over the sides before the gold gets settled to the bottom. This will wash and agitate the dirt and clay and rock material so that the heavy gold will sink to the bottom of your pan and the lighter, rocks, sticks and sandy-muddy material will float to the top.  This gold panning step is known as stratification or layering. It creates horizontal layers of material of the various densities the materials in your pan.  The layers will have lighter rock, sand & gravel on top and heavy black sands & gold sink to the bottom. Now start to tilt the pan downward while holding just under the surface & continue the shaking to keep material in suspension.  Stop shaking just when material starts to slide forward. The gold will be at the lowest point in the pan right now.This next step is where we shave the stratified pan layers out of the pan from light to heavy. This is done by tipping the pan to one edge just under the surface of the water (The edge with coarse riffles facing away from you.)  Then while holding the pan at this ~45 degree angle you begin by pulling the pan toward you. As you stop pulling you will see a small wave pile up at the back of the pan and reflect across the sand & gravel.  As the wave of water sweeps across, it will shave or sweep off a bit of layered material. Continue this action until you have removed the top layers. Do not shake and stir the layered material up at this point.  If the gold panning material starts to get stirred up, then tilt the pan back flat and re-stratify to get any disturbed gold layers back to the bottom corner of the pan. The goal is to get down to gold concentrates and black sands. Then perform the next step.In this step we swirl the gold concentrates and black sands to create a comet tail of gold colors following the black sands in your pan that will allow us to use our gold snuffer bottle to quickly suck up the concentrated gold particles and coarse gold. Of course, hand pick the nuggets and pickers out and place them in your sample vial.Keep all gold bearing black sands in a clean plastic jar for further fine gold concentration later after your gold panning is finished for the day…Next gold panning step is to start the procedures again at step 1 with a new pan full of your gold bearing material.

Another small article on gold panning can be found here. The video in the link above covers a lot more about these seven steps to use a gold pan…

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Crystalline gold specimens

Take a look at these crystalline gold specimens, it has a beauty and gold value all of its own.  The value of specimen crystalline gold is it is not based on spot value spot prices for gold instead it’s based on the collectors interest and the aesthetic qualities of the gold itself.

This picture is one of my favorite crystalline gold specimens.  Under a magnifier, the gold crystal facets seem to go on and on forever and sparkle almost like fools gold.  In fact it is possible to confuse crystalline gold for fools gold because they take on nearly the same shape.  One of the key differences is the richness of the yellow it’s not a brassy yellow it’s a deep golden yellow it’s the only way I know how to describe it.  It glows. The crystals look different most times unless you see cubic gold. Gold can take on several crystal structures, see this native gold article on Mindat.org site.

Of course the other aspects the distinguish crystalline gold from other types of golden crystals is it’s malleability or softness and the kind of scratch or streak testing to ensure you see the glow of gold instead of black streaks when scraped on a white ceramic tile.  Of course you don’t want to do much this with the quality crystalline gold specimens like the one shown here because it destroys value every time you scratch or ding the crystal structure.

The typical source for crystalline gold specimens is straight from the concentrated gold lode itself.  It is rare for gold to concentrate enough to create crystals of sufficient quality.  Think of it somewhat like finding large one answer greater nuggets.

This type of specimen gold is so rare that it’s typically valued at 1-1/2 to 2 times spot price so today at $1700 an ounce this could be worth up to $3400 an ounce to the right buyer.  Of course bigger specimens will go even higher.  Take a look at the Ironstone wineries beautiful 44 pound crystalline gold specimen pulled from the Harvard mine in Jamestown California in Dec 24, 1992. That story’s a gold mining legend in itself. (These types of large crystalline gold specimens are worth tens of millions!)

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Gold Prospector’s Handbook

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