Accompanied by John Stoker Thomas, Hiscock discovered gold near the Buninyong cemetery in early August, 1851. The find was publicised by the
Geelong Advertiser on 12 August 1851, which reported: :
We yesterday received from Buninyong a packet containing some of the finest specimens of gold, in quartz matrix, that we have hitherto met with. They were found within a mile or two of the township by Mr Hiscock, a respectable resident there. The discovery, which Hiscock later explained as occurring on 8 August 1851, led to an influx of prospectors into Buninyong. The reef was soon exhausted, but as prospectors began to search a greater area around Buninyong, they quickly discovered large gold deposits in and around the
nearby settlement of Ballarat. Within a matter of weeks the goldfields administration shifted from Buninyong to Ballarat. The ensuing gold rush did no favours for the Victorian economy in the short term, with many people leaving the major centres of
Melbourne and Geelong in search of gold. However, the discovery of gold
did halt the exodus of men from the newly established colony into neighbouring
New South Wales, where gold had also been discovered earlier in the year. ==Memorial==