Two Large Gold Specimens Found In Kambalda Mine

Two Large Gold Specimens Found In WA Mine

"I reckon we're just on the fringe of it ... and if we get deeper I reckon we'll find more".

When the 90kg behemoth was found, it took three people to lift it on to a utility vehicle so it could be hauled to surface.

The Beta Hunt mine had primarily been running as a nickel operation until last week's discovery. A smaller block weighing 63 kg contains 1620 ounces (about 46 kg) of gold.

"There's been a massive amount of interest, which is great because we always believed Beta Hunt had a massive amount of potential".

RNC noted that the high-grade coarse gold would be sent directly from site to the Perth Mint this week, and the company expects the recovery to yield about C$15 million in cash.

"Given the significance of this discovery to the exploration potential and value of Beta Hunt, RNC has made a decision to consider all alternatives, including a sale", RNC said in the statement.

"Never in my life have I ever seen anything like this", he told ABC News.

It contained 190kg of specimens including two unique stones which weighed 95kg and 63kg, respectively, with final estimates of 2440oz and 1620oz of gold within them.

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A Canadian mining company has hit a rich seam of gold bearing rocks in Western Australia, believed to be some of the biggest in mining history, and worth $A15 million.

They broke off one 95-kilogram stone that contained an estimated 2,440 ounces of gold, according to the company.

The discovery by RNC nearly 150 years after that discovery comes amid a resurgence in Australia's gold industry, with companies ploughing a record A$223m ($158m) into exploration in the June quarter - up 16% on the same period a year earlier.

Selby said the rare rocks would be auctioned as collectors items. "I almost fell over looking at it ... we were picking it up for hours".

The strategic process regarding RNC's 100%-owned Beta Hunt Mine is being led by financial advisors PCF Capital Group and Haywood Securities Inc.

An example of the bonanza-grade gold at the Beta Hunt Mine in Australia.

Armed guards have been transporting the gold to a secure vault.

"Given the rarity of the rock, and the physical beauty and presentation of the gold that's there, it's a very spectacular stone in multiple ways so we'll see whether 20, 30 or even 50 per cent premiums apply here", he said.

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