Thursday May 25 11:48 AM ET
Giant Silver Nugget Found in Outback
SYDNEY (Reuters) - A silver nugget the size of a wallaby and weighing 363
pounds has been discovered in the Australian outback and will be put for sale
at auction.

Veteran prospector Leslie White, chairman of East Coast Minerals NL, said the
nugget -- unearthed 82 meters below the surface -- was about 40 times larger
than any he had previously encountered.

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``When I first saw it I said: 'Goodbye Charlie -- it's going to take three
Sumo wrestlers to lift!''' White told Reuters.

``As far as I know, it's the biggest one ever found in the world.''

The nugget contains about 2,000 ounces of silver, making it worth only about
US$10,000 at today's depressed silver prices.

However, White said he hoped nugget would fetch 10 times as much at an
auction planned in a couple of weeks.

The nugget is about 80 cm long, 40 cm wide and 30 cm deep. It was discovered
two weeks ago at the Elizabeth Hill lode, operated by East Coast and partner
Legend Mining, in far north Western Australia.

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