The Nicholson goldfield
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About the Nicholson goldfield
Gold-rush fever spread to the Yarra Valley in January 1860, but prospector William McCrae's initial reports of finds on a Ballarat scale of riches proved to be premature. Flurries of gold dust rather than nuggets were unearthed in a hard-to-access goldfield described as a 'rank duffer' by experienced diggers.
Historic reports reveal the newsworthiness of the latest strikes, along with widely held fears of a gold bubble and economic disaster. 'I think it for the public good the delusion should be dissipated as soon as possible', noted one report, and the flames of gold fever, for the Nicholson at least, were extinguished.
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