The company noted that it was the first owner of the Beta Hunt mine to focus on drilling deeper in the Lunnon Basalt in its quest to find gold, and, therefore, the first owner to discover and mine gold from newly discovered coarse gold located entirely within the Lunnon Basalt.
Geologist Lachlan Kenna, Henry Dole, foreman Warren Edwards and senior geologist Zaf Thanos with the 90kg gold specimen.
"It was unbelievable and I've never seen it before in my life". "It's definitely a once-in-a-lifetime discovery", he said.More news: Ryder Cup 2018: Tony Finau named as final United States wildcard
"That was virtually the next day after we fired it, we walked in there and you couldn't miss it. especially when you hit it with water, it just stuck out", Mr Dole said.
The company said that this is a very rare find.
"This is one of those once-in-a-lifetime moments where people find 2300oz and 1600oz chunks of gold, " he said.More news: Jaitley denies Mallya met him before leaving India
During the past week, approximately 9,250 oz of gold were produced from a single cut at Beta Hunt, according to the Toronto-based company.
"There's been a massive amount of interest, which is great because we always believed Beta Hunt had a massive amount of potential".
Selby said the rare rocks would be auctioned as collectors items.
In Australia the miners found two gold nuggets, each of which, it is estimated, is worth several million dollars.More news: Double bombing outside girls' school in eastern Afghanistan
"I truly believe there's something bigger and better down there", he said. "I don't know of many other places that are able to deliver this type of material". "Obviously with this find going forward we won't have any shortage of capital to make that happen and we think we'll have a very long bright future to build a very big mine at Beta Hunt going forward". The sediment horizon is now also interpreted by geologists at the Beta Hunt Mine as a zone of chemical interaction between the gold bearing fluids and pyritic sulfides, which under the right conditions, allow large gold crystal growth and extremely high-grade gold deposition.