Placer deposit - Wikipedia In geology, a placer deposit or placer is an accumulation of valuable minerals formed by gravity separation from a specific source rock during sedimentary processes. The name is from the Spanish word placer, meaning "alluvial sand". Placer mining is an important source of gold, and was the main technique used in the early years of many gold
What is Placer Gold and How do You Find it Placer gold is a term that refers to gold found in a secondary deposit. Usually gold occurs in lode deposits. However, the weathering of the hard rock and action of rivers and even glaciers in some places have carried the fine gold nuggets and particles and deposited them somewhere else away from the original lode deposit. Usually, these new
What Is Placer Gold - Gold Rush Nugget Bucket Placer Gold: The Stuff You Gold Pan For. To start off, there are two types of gold deposits: lode and placer. Typically, lode deposits are the traditional veins of ore that are embedded in rocks and minerals. To recover gold from lodes, miners have to blast, mill, or treat the rock with chemicals to recover the gold inside.
What is Placer Gold Worth - 5/1/99 - Steve's Mining Gold is currently $285 per oz. (5/3/99) so my 4.1 oz. is theoretically worth $1168.50. It is, however, more complicated than that. First, there is the price of the gold itself. The quoted price of gold is for 99.999% pure gold bullion, not gold in it's natural form. Natural gold generally is 80%-90% gold, the rest being silver and other impurities.