A very happy Australian gold miner ‘found’ a little nugget of gold.
It’s only 5.5 kilograms of a yellow “early retirement”. It’s
expected it should bring in about $300,000. He thinks that there is
more of that size out there, but he is not telling where it was
found. wonder why?
Now, a few years ago someone found a nugget as big as a car that they
claimed was gold but turned out to be gold telluride. AuTe is 70%
gold by weight but is commonly associated with other tellurides that
contain silver, copper lead and bismuth so that story soon lost its
legs. A lot of these big nuggets wre not recognised as gold bearing
so they were smashed up and used for repairing pot holes in peoples
driveways until about 20 years ago and more recently people have
suffered from speculative excavations to recover said gold telluride
roadstone. This is around the Kalgoorie-Coolgardie area of WA Brazil
has a lot of gold telluride mineralisation and much of their placer
gold deposits are downstream from these where they have weathered out
to leave pure gold that is mined by peasant farmers turned miners in
atrocious conditions.