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THERE’S GOLD IN THEM HILLS! Prospector finds massive gold nugget worth over £50,000 in a small California town… which is now preparing for Wild West-style gold rush The lump of precious metal, which is thought to be worth over £50,000, was uncovered in sleepy Jamestown, California. Golden find … Prospector Oscar Espinoza made glittering discovery thought to be worth over £50,000   What a lump … Gold nugget is so heavy it broke precise scales The small town is now preparing itself for a flood of gold hunters after local man Oscar Espinoza of nearby Modesto made the mammoth find. The nugget , which weighs over a half a kilo, was discovered in the Woodscreek area of the town. Lucky Oscar’s hotel owner friend Charlie Morgan was first to hear about the discovery. When asked what his reaction was, Mr Morgan told CBS: “‘Oh my God’, I thought, ‘That’s a lucky guy”. The gold is so weighty that it broke ...

Hand of Faith The “Hand of Faith” is the largest gold nugget currently in existence today. It was found by a gold miner using a metal detector in 1980. It comes from the famous gold rich region of Victoria, Australia known as the Golden Triangle. This amazing gold nugget is currently on display at the Golden Nugget Casino in Las Vegas. It weighs in at a whopping 876 troy ounces. Boot of Cortez The “Boot of Cortez” is another spectacular gold nugget that was found with a metal detector. It was found in the Sonoran Desert of northern Mexico back in 1989. Rumor has it that the miner was using a simple Radio Shack detector. This is the largest existing gold nugget that has been found in the Western Hemisphere of the Earth. It weighs in at over 389 troy ounces. It sold at auction a few years ago for over a million and a half dollars! Mojave Nugget The “Mojave Nugget” was found in the Mojave Desert of Southern California in 1977. A miner was using a metal de...

From hoards of ancient coins to mysterious golden chalices, here are some of the most incredible (and valuable) treasure finds… 5,000 Anglo-Saxon silver coins – Estimated worth: £1million In 2015, a hoard of over 5,000 Anglo Saxon coins was unearthed near Lenborough, Buckinghamshire Last year, a hoard of over 5,000 Anglo Saxon coins was unearthed near Lenborough, Buckinghamshire – the largest discovery of coins in modern times. The impressive discovery was had by metal detector enthusiast Paul Coleman, who almost didn’t go to the dig as he could barely afford to fill up his car with petrol. Metal detector enthusiast Paul Coleman (pictured) made the discovery, which is worth an estimated £1.3million Hours later he found the incredible stash, which experts believe was buried following the Battle of Hastings to conceal it from the Norman invaders. The coins were in such good condition, they were set to raise at least £250 each, totalling over £1.3million ...

Gold nugget weighing 70 ounces found by an unidentified man in Butte County in California He was expecting to dig up a piece of iron rubbish, but unearthed the find of a lifetime when he unearthed this monster nugget. It is a spectacular nugget, weighing over 5 pounds of solid gold. It is believed to be one of the largest gold discoveries in California in the past century. The confirmed weight was 75 troy ounces. The nugget itself has no quartz inclusions and gold from this area is generally very high purity. Although the exact location of the discovery was not revealed, it was found somewhere in Butte County, which has always been a major producer of gold in the state. Many millions of ounces in gold have been found here since the early days of the gold rush.   Both placer and lode deposits account for the production, but placers account for the largest production records. Some of the primary mining districts in Butte County when it comes to producin...

England’s imposing buildings are the by-product of millennia worth of civilization. One of its most formidable is the Bank of England, which houses one of the world’s oldest financial institutions, and the subterranean vaults that hold the country’s gold reserves. For prospectors sniffing out gold throughout the UK, there are several areas you can try your luck—legitimately, and not from within bank vaults! There are a number of different places throughout the United Kingdom where gold discoveries have been made over the centuries. UK Gold Sites One of these places is the Forest of Dean in Gloucestershire, characterized by about 110 square kilometers of woodland. This forest is the site of the Bailey Level Gold Mine which was opened in the early 1900s and extracted both gold and iron. Today, the area is managed by the Lea Bailey Light Railway Society and is no longer operating, but downstream of it is a popular place for panning, particularly the Dolaucothi area...

In Panama, gold exploration has been happening for several centuries. Earlier it was the natives who produced the yellow metal in small quantities. In 1501, the Spaniards landed in Panama and decided to step up the exploration and production of gold. The Spaniards discovered gold and started extracting the yellow metal from the gold mines. After nearly three centuries, Panama gained freedom from Spain and later joined Colombia. Within a century, with the help of friendly countries, Panama separated from Colombia; became a free country, ruled by its people. The Early Gold Mines of Panama For nearly a century, gold mining in Panama wasn’t taken seriously. Although there were a few mines, the Spaniards were focused on mining gold in Colombia. In the late 16th Century, the Cocuyo Mine became one of the top mines in Panama to contribute to the Spanish coffers. Later, when huge deposits of copper were found in the country, the focus shifted to producing copper. Int...

A recent discovery of several large gold specimens described as the biggest to have ever been discovered and recorded in the History was witnessed in the Western Australia Mines Goldfield of Kambalda by the RNC Minerals. The discovery is so spectacular that one cannot help but call it the “once-in-a-lifetime” discovery. This discovery was not a gold nugget, but rather a rich gold “pocket,” deep underground that was thick veins of raw gold scattered throughout quartz rock. The total value of this pocket discovery is several million dollars. The largest individual pieces that were extracted are simply exceptional, and will bring a huge premium price on the collectors market. The largest intact piece discovered weighed 90 kilograms, or roughly 198 pounds. The company did a specific gravity test to evaluate gold content and estimated that about 2,300 ounces of gold would be obtained from the nugget. This would make it worth over $2.5 million dollars in gold value a...

Leo Mathews has been searching for gold for the last 15 years. After a ‘drought’ of 15 months he finally struck gold in the form of a 25 ounce gold nugget he found while fossicking in the bushland north of Bendigo. Describing it as very solid with no pipe clay or much detritus and shaped in the form of a heart , Leo has called it – The Heart of Gold. “They’re rare, a bit like snowflakes; no two are the same,” he said. Leo had had only been out in the field for about four hours that afternoon, with only two hours of detecting time when he came across an area in the bush that had been previously ‘worked over’. Noticing the middle part had been left untouched, he decided to explore further, having been spurred on by the small speck of gold he had found nearby. Leo Mathews and his 25 ounce gold nugget valued at about $40,000. “It’s probably been sitting in the ground for millions of years waiting for me to come along...

There are some basic rules that should be at the forefront of your mind when detecting for gold, probably the most important one being to dig everything. No one can accurately determine if a signal is gold just by listening to the signal response, especially if the target is large or close to the surface of the ground. There is another side to gold prospecting with a metal detector that requires a different approach, this is often dictated by expediency due to time restraints and in a lot of cases an attempt to maintain some sanity, these areas are often in and around old diggings where there is a lot of trash from both modern and Old Timers. As most of you know when the detector heralds a target there are a number of factors indicated by the audio that will allow you to make an informed decision on the likelihood of the depth and size of the target. In this discussion let’s assume I’m talking about Monoloop coils in combination with the GPX 5000, however mo...

Turns out the most amazing gold nugget found in decades in the Sierra Nevada was a fake. Not fake gold, mind you. Just fake in that it was actually discovered in Australia – not on an amateur gold-hunter’s land in the foothills, as had been claimed. Don Kagin holds a 98.6 ounce gold nugget in the Chroniicle studio on Friday January 14, 2011 in San Francisco, Calif. He and his business partner Fred Holabird are auctioning off the nugget in Sacramento on Wednesday March 16, 2011. The 8.2-pound gold chunk dubbed “The Washington Nugget” sold for $460,000 in March after Jim Sanders said he unearthed it with a metal detector on his land near the historic Gold Rush town of Washington (Nevada County). At the time, it was billed as the biggest existing, smooth gold nugget dug out of Forty-Niner country, and its sale drew notice from gold buffs all over the world. Among those who perked up was Murray Cox, an Aussie prospector who dug up an 8.2-pou...

TAKE a look inside Britain’s only gold mine which has five tonnes of the precious metal waiting to be recovered. Silver is also said to lie close to the mouth of the 1km long mine beneath Tyndrum’s hills in Scotland. Britain’s only gold mine can be found under these Scottish hills in Tyndrum Gold and silver were initially found at this Cononish Mine in 1980 Only motorists can visit the mine which has been zoned off with a gate marked, “No Unauthorised Visitors” since it is located at the end of a bumpy dirt track, 20 minutes away from the A82. A geologist for Scottish mining company Scotgold Resources once said the “tantalising glittering of the rocks” illuminates the mouth of the tunnel, where the precious metals are said to be found, inews reported. Scottish mining company Scotgold Resources believe five tonnes of gold currently sit around the mouth of the mine Miners first discovered the gold deposits at Cononish i...

It is almost twice as heavy as the UK’s second biggest nugget, which was found in Cornwall Vincent Thurkettle, 60, was stunned to see the incredible 97.12g (3oz) nugget of gold gleaming in a crevice on the sea bed off the coast of Anglesey. It is almost twice as heavy as the UK’s second biggest nugget , which was found in Cornwall more than 200 years ago in 1808 and weighed 59g. The nugget is believed to be part of a £120 million haul of gold which went down with the Royal Charter when it was shipwrecked during a hurricane in 1859. Treasure hunters have spent 150 years trying to find traces of the lost gold and Vincent spent seven summers scouring the shore before he was rewarded for his efforts. He spent around six weeks each summer looking for gold dust with a team of his family and friends and uncovered the nugget when he was shallow diving around five metres from the shore. “I was absolutely stunned when I first saw the nugget. The sun was...