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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. [1] The name is from the Spanish word placer , meaning " alluvial sand".
Placer mining is frequently used for precious metal deposits (particularly gold) and gemstones, both of which are often found in alluvial deposits—deposits of sand and gravel in modern or ancient stream beds, or occasionally glacial deposits. The metal or gemstones, having been moved by stream flow from an original source such as a vein, are ...
Placer gold deposits form via gravity, with the density of gold causing it to sink into trap sites within the river bed, or where water velocity drops, such as bends in rivers and behind boulders. Often placer deposits are found within sedimentary rocks and can be billions of years old, for instance the Witwatersrand deposits in South Africa ...
Heavy mineral sands are placer deposits formed most usually in beach environments by concentration due to the specific gravity of the mineral grains. It is equally likely that some concentrations of heavy minerals (aside from the usual gold placers) exist within streambeds, but most are of a low grade and are relatively small.
In the most complex placer mining, groups of prospectors would divert the water from an entire river into a sluice alongside the river, and then dig for gold in the newly exposed river bottom. [15] Modern estimates by the U.S. Geological Survey are that some 12 million ounces [ 16 ] (370 t ) of gold were removed in the first five years of the ...
But the placer deposits worked in the early years were quickly exhausted, and production crashed. Hardrock mining (in California called quartz mining) began in 1849, and placer mining by hydraulic mining began in 1852. Despite the new mining methods, by 1865 production was 867,000 troy ounces (27,000 kg), less than one-quarter of peak production.
Placer mining activities produce a concentrate that is composed mostly of black sand. Black sand concentrates often contain additional valuables, other than precious metals: rare earth elements , thorium , titanium , tungsten , zirconium and others are often fractionated during igneous processes into a common mineral-suite that becomes black ...
Gold panning, or simply panning, is a form of placer mining and traditional mining that extracts gold from a placer deposit using a pan. The process is one of the simplest ways to extract gold, and is popular with geology enthusiasts especially because of its low cost and relative simplicity.