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Placer mining / ˈ p l æ s ər / is the mining of stream bed deposits for minerals.This may be done by open-pit (also called open-cast 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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Mining - Mining - Placer mining: Placers are unconsolidated deposits of detrital material containing valuable minerals. The natural processes by which they form range from chemical weathering to stream, marine, and wind action. Typical minerals recovered in placers are gold, tin, platinum, diamonds, titaniferous and ferrous iron sands, gemstones (rubies, emeralds, and sapphires), and abrasives ...

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