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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 ...
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 rushes, including the California Gold Rush. Types of placer deposits include alluvium, eluvium, beach placers, aeolian placers and paleo-placers. [2]
The Reed Gold Mine, southwest of Georgeville in Cabarrus County, North Carolina produced about 50,000 troy ounces (1,600 kg) of gold from lode and placer deposits. [40] Gold was produced from 15 districts, almost all in the Piedmont region of the state. Total gold production is estimated at 1.2 million troy ounces (37.3 tonnes).
Gold mining in Nevada, a state of the United States, is a major industry, and one of the largest sources of gold in the world. In 2018 Nevada produced 5,581,160 troy ounces (173.6 tonnes), representing 78% of US gold and 5.0% of the world's production.
Placer gold was found in gulches every few years and the area was worked off and on for the next thirty years. The Johnny settlement had less than 10 people by the late 1930s. [6] The Johnnie Post Office was closed in 1935. [7] [8] The Johnnie Mine Post Office operated from September 1937 until June 1942. [7] [9]
The town was a placer camp devoted to mining gold. Gold was first discovered in 1872, followed by exploitation of the deposits using hydraulic mining techniques. Two ditches, the Osceola West Ditch and the Osceola East Ditch were built to convey water from the mountains for use in mining. Water production was less than hoped and hydraulic ...
Sedimentary placer deposits are known as 'leads' or 'deep leads'. Placer deposits are often worked by fossicking, and panning for gold is a popular pastime. Laterite gold deposits are formed from pre-existing gold deposits (including some placer deposits) during prolonged weathering of the bedrock.
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.