Ballarat Gold Show owner Cordell Kent with the nugget found. PICTURE: KATE HEALY
A 177 ounce gold nugget has reportedly been unearthed near the south-west Victorian town of Ballarat.
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A video of the nugget has been posted on multimedia sharing site YouTube and claims the nugget was found with a hand held metal detector at a depth of 60cm.
At the current Australian gold price of almost $1600 per ounce, the nugget could be valued at nearly $285,000.
The nugget, named Destiny, weighed 3.66kg and was discovered in the Golden Triangle region of Ballarat, Bendigo and Stawell.
