I suspect that photo may be a petroleum enhydro, rather than water. The Beechworth enhydros were found on Spring Creek - I remeber seeing many of them when I was 14.
"Mr. E. J. Dunn described the mode in which the enhydros occur at Spring Creek, in a paper read before the Royal Society of Victoria (Trans. R.S. of Vie., 1810, p. 32); they are found in a **** in granite, the **** is composed of fragments of granite and occasional pieces of sandstone cemented by crystallised quartz, together with large masses of coarfle chalcedony and straight veins of chalcedony scales and clay. Mr. Dunn mentions that the enhydros vary in size from that of a split pea to five inches across, and that many of them contain a fluid; after a few days exposure they usually show an air bubble, in many the fluid disappears altogether in a few days; the walls of some are as thin as a sheet of paper and very fragile, while others have walls i inch thick. On p. 71 of the same 36 RECORDS OF THE AUSTRALIAN MUSEUM. volume is a paper upon them by Mr. G. Foord, describing the enhydros more in detail, and giving an account of the contained fluid, which he describes as a dilute solution in water of chlorides and sulphates of sodium, magnesium and calcium, together with silicic acid. Some Rmaller specimens in my possession have a much more regular geometrical form than the three under examination and belonging to the Museum. At first sight they might be mistaken for crystals, so smooth and regular are their faces, but a very little examination shows that this is not the case, practically none of the faces are parallel, and their forms do not correspond to any crystallographic system. I am inclined to think that they have been deposited within cracks and cavities formed in the clay (in which they are found), these cavities are probably due to the movements of the clay, parts having slid upon one another in the process of settlement, and a breccia-like structure set up with intermediate gaps and cavities. Mr. Fool'd's explanation that the chalcedony and quartz crystals have been deposited upon the waUs of the cavities until the entrances to the hollow spaces were filled up (a portion of the liquid being thereby imprisoned) appears to satisfy the requirements of the case."