Victorian gold rush resuming in both of the major fields of Bendigo and Ballarat. Exploration also proceeds elsewhere, for example, in Glen Wills, an isolated mountain area near Mitta Mitta in north-eastern Victoria. Victorian gold rush The Victorian gold rush was a period in the history of Victoria, Australia approximately between 1851 and the late 1860s. It led to a period of extreme prosperity for the Australian colony, and an influx of population growth and financial capital for Melbourne, which was dubbed "Marvellous Melbourne" as a result of the procurement of wealth. The Victorian Gold Discovery Committee wrote in 1854: For a number
Otago Gold Rush he and Read had prospected country "about 31 miles long by five broad, and in every hole they had sunk they had found the precious metal." With this statement, the gold rush began. By Christmas 14,000 prospectors were on the Tuapeka and Waipori fields. Within a year, the region's population swelled greatly, growing by 400 per cent between 1861 and 1864, with prospectors swarming from the dwindling Australian goldfields. Gabriel’s Gully led to the discovery of further goldfields within Central Otago. A second gold strike in 1862, close to the modern town of Cromwell, did nothing to dissuade new hopefuls,