Shares in a Canada-based mining company soared today after it announced it had struck a mother lode of gold in Australia.
RNC Minerals stocks rose 94.4 per cent on the news in trading on the Toronto Stock Exchange.
The company said its miners discovered rocks embedded with approximately 9,250 ounces of high grade gold at its Beta Hunt nickel mine in Kambalda, about 630 kilometres east of Perth.
A geologist at the mine equated the "phenomenal" discovery with a once-in-a-lifetime occurence.
The boulders were found about 500 metres underground, with the largest weighing 95 kilograms and containing an estimated 2,440 ounces of gold.
Another rock, weighing 63 kilograms, contained about 1,620 ounces of gold, RNC said.
The miner credited with the discovery said that when he planted explosive charges in the mine walls, he had no idea that the blast would unveil the hidden treasure.
Once the coarse gold has been processed and sold, it is thought RNC will be around 15 million Canadian dollars (11.4 million US dollars) better off.
The company had planned to sell off the mine, but said it was now re-evaluating its options.
Security has been tightened at the mine, with workers under video surveillance and the area where the gold was found fenced off and locked, according to local media reports.