Alluvial and Placer Mineral Deposits | Geology for Investors
Gold, particularly, has often not moved far, so a minor alluvial gold deposit can result in a major underground gold mine as in Australia's Kalgoorlie or Bendigo gold rushes. In other places, most of the gold was in the alluvial deposits as in the Klondike/Alaska Gold Rush and the California gold rushes of the 19th century.