<Dl> <Dd> "Gold nugget" may also refer to the catfish Baryancistrus xanthellus or the mango cultivar Gold Nugget . </Dd> </Dl> <Dd> "Gold nugget" may also refer to the catfish Baryancistrus xanthellus or the mango cultivar Gold Nugget . </Dd> <P> A gold nugget is a naturally occurring piece of native gold . Watercourses often concentrate nuggets and finer gold in placers . Nuggets are recovered by placer mining, but they are also found in residual deposits where the gold - bearing veins or lodes are weathered . Nuggets are also found in the tailings piles of previous mining operations, especially those left by gold mining dredges . </P> <P> Nuggets are gold fragments weathered out of an original lode . They often show signs of abrasive polishing by stream action, and sometimes still contain inclusions of quartz or other lode matrix material . A 2007 study on Australian nuggets ruled out speculative theories of supergene formation via in - situ precipitation, cold welding of smaller particles, or bacterial concentration, since crystal structures of all of the nuggets examined proved they were originally formed at high temperature deep underground (i.e., they were of hypogene origin). </P>

Who found the first gold nugget in australia