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Placer mining / ˈ p l æ s ər / is the mining of stream bed deposits for may be done by openpit (also called opencast mining) or by various surface excavating equipment or tunnelling equipment.. 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 ...

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Alluvial Exploration Mining. Alluvial exploration / mining of gold / diamonds in South America and Africa. To explore an alluvial (placer) deposit costs much less than to explore a The majority of wellexplored alluvial gold deposits were in cold (Alaska, Siberia), dry

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The principals of the company have a history of successful alluvial gold mining. Rationale for the deal. ... Operating costs for alluvial mining in this area are slightly over 100USD per ounce of gold recovered. Gold is currently selling for over 1,600 per ounce. Use of financing.

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