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Description

In What Rock Formations Can Gold Be Found?
Formation of Placers
Placer deposits consist of minerals broken off by weathering from the rocks in which they formed, and subsequently concentrated by gravity aided by a winnowing or sifting process. The source of the mechanical energy required for the sifting includes streams or rivers, ocean waves, wind or glaciers. The placer deposit may form very near the bedrock from which it originated, or it could be at a great distance. The deposit may either be buried or exposed, or it could even be fossilized, if it was formed in the geologic past.
Gold is perhaps the most sought after metal on the planet and has retained its value for thousands of years. Indeed, gold is worth a lot, and is considered a safe haven in times of turmoil and uncertainty. But what about placer gold? How much is it worth?
One ounce of fine natural placer gold is worth around 00, given that the gold spot price is 00.  Placer gold of typical purity is generally worth 70-85% of the spot price when sold to the right person. However, rarer and bigger pieces of placer gold, such as nuggets, can command a much higher price.
There are several aspects that need to be considered when determining the value of placer gold. In this article, we will look closer at the factors at play, so that you can judge for yourself how much your hard-earned gold is likely to bring in.
r heavy minerals)
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"
.