It was Mark Twain who popularised the phrase “there’s gold in them thar hills” in 1892 and it’s now clear those words still apply for country Victoria.

That’s where an amateur prospector has struck it rich, discovering a nugget worth a staggering $240,000.

The man was using a Minelab Equinox 800 metal detector, a budget model that retails for about $1200.

The nugget is worth a staggering $240,000. (Nine)

Suspecting the rock he had unearthed could be valuable, he took it to gold trader Darren Kamp, from Lucky Strike Gold, for valuation.

“He said, ‘do you think there’s $10,000 worth?’ And as soon as it hit my hand I said, ‘try $100,000’,” Kamp told 9News.

“And he said, ‘oh wow, the wife’s going to be happy with that’.”

That’s when the prospector told Kamp he had only brought half the nugget in for inspection, the other half was back home.

“It’s a once-in-a-lifetime find,” Kamp said.

Lucky Strike Gold trader Darren Kamp said it was a once in a lifetime find. (Nine)

The rock was discovered in Victoria’s “Golden Triangle”, an area from Ballarat across to Bendigo and up to St Arnaud.

It weighs 4.6 kilograms and that includes 2.6 kilograms of gold.

With the value of gold soaring recently, there’s never been a better time to find and sell the precious metal and even tiny nuggets can be worth more than $1000.

“If it’s got your name on it, you’ll find it,” Kamp told 9News.

“You just need some luck and persistence. It’s like Tattslotto: you’re never going to win unless you’ve got a ticket.”

Sign up here to receive our daily newsletters and breaking news alerts, sent straight to your inbox.
You May Also Like

It Places the Lotion in the Basket…Or It Gets a Big, Fat Fine in the Big Apple

Well, the grace period for New York City denizens is over. …

Christina Hall and new CEO boyfriend tone down the PDA after he copped a feel on vacation

Christina Hall and new boyfriend Christopher Larocca can’t keep their hands off…

How a young Aussie dad’s routine operation led to shock diagnosis

A regional NSW community is rallying around a young Aussie dad after he was…

Carly and Rikki spent $30k to have babies. That wouldn't happen today

The Melbourne mother-of-one began the long and financially draining process of qualifying…