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Placer mining literally began as a flash in the pan, flecks of gold awash in a slurry of sediment, recovered by miners using a skilled hand with only a pan the size of a dinner plate and river water. There have been many technological advances in placer mining in Alaska since then.

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Present day placer mining uses pans, water and gravity, just like the prospector of 1849, only on a larger scale. This "modern" placer technology only recovers up to 40% of the gold from every ton of ore concentrate (finely ground ore) as it primarily targets nuggets and flakes of gold. The remaining 60% goes untouched.

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In North America, placer mining was famous in the context of several gold rushes, particularly the California Gold Rush and the Colorado Gold Rush, the Fraser Canyon Gold Rush and the Klondike Gold Rush. Placer mining continues in many areas of the world as a source of diamonds, industrial minerals and metals, gems (in Myanmar and …

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