Prospectors located

A PROSPECTOR missing since Sunday has walked out of the bush near Fingerboard Spur.

Wayne Telfer, 49, walked out along the Australian Alpine Walking Track and was located by police detectives who were there on unrelated business at about 11.30am.

Mr Telfer provided the location of his 51-year-old counterpart, Anthony Sherry, who is suffering from a medial condition.

Mr Sherry has been located by the Air Wing and police and SES are co-ordinating his rescue.

The two left town on Sunday morning to go prospecting and had not been seen since.

The alarm was raised when the men failed to return home at 4pm as expected.