Minelab, the global leader in hand-held metal detector technologies has announced the discovery of a major silver haul in Mexico. The large cache, which is possibly dated from the early 19th century Spanish trade, was unearthed at nearly 6 feet (1.8m) below the surface last week in southern Mexico, in the state of Guerrero, using a Minelab CTX 3030 metal detector. The finder reported to Minelab “I have used other metal detectors in the past and they did not work. Only the Minelab CTX 3030 was able to pick up the signal and without it, I would have never found this cache.” The current market value of silver is approximately $21 USD per troy ounce which puts the estimated value of the cache over $100,000 USD; however, if the cache is confirmed to have historical significance, the estimated amount would likely result in an even higher value.
This latest discovery follows other recent finds including the discovery of a 5.5kg gold nugget in Ballarat, Australia at 60cms depth by a prospector using a Minelab GPX 5000 hand-held gold detector. These successes illustrate the benefit of Minelab’s cutting edge technology in the pursuit of precious metals. The Ballarat nugget was valued in excess of $300,000 USD.
Prospectors across North, Central and Latin Americas have tasted success with Minelab metal detectors. A prospector in Venezuela recently discovered 30 grams of gold at a depth of 150cms and in Brazil a 2gram nugget was discovered using Minelab’s gold detecting technology. There have also been recent discoveries of gold nuggets weighing more than 40 grams found in the California, USA and Sonora, Mexico areas, using the Minelab CTX 3030 and GPX 5000 machines.
Gary Schafer, General Manager of Minelab’s WW Consumer Business said:
“Our aim is to produce equipment with the very best detection technology at a cost effective price. Our machines operate and achieve results in the toughest of mineralized soil conditions and minimize disruption to the environment.
Minelab’s metal detectors have been used in Mexico, and other regions, to find caches of buried treasure, gold and other historical artifacts because our machines are engineered to eliminate the toughest soils as they search to the greatest depths beneath the surface to find treasure.
We are very excited about this new find in Mexico which further underpins our reputation for excellence, changing people’s fortunes & creating the world’s best metal detection technologies ™.”
Minelab launched its first hand-held gold detector in Australia in 1985 and over the past 29 years has been at the forefront of metal detector design and innovation.
