Finding a small piece of jewelry with a metal detector is already treasure to some, but this amateur prospector from Australia unearthed an 11-pound gold nugget worth a whopping $300,000. According to sources, he used a state-of-the-art metal detector that was able to find the gold relatively deep underground in an area which had been searched many times in the past. Continue reading for a video and more information.

Cordell Kent, owner of the Ballarat Mining Exchange Gold Shop, says: “I have been a prospector and dealer for two decades, and cannot remember the last time a nugget over 100 ounces (2.8kg) has been found locally”.

[Sources 1 | 2]