Placer deposit

In geology, a placer deposit or placer is an accumulation of valuable minerals formed by gravity separation 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 rushes, including the California Gold Rush. Types of placer deposits include alluvium, eluvium, beach placers, and paleoplacers.