A soft, yellow, native metallic element widely used for
jewelry, ornaments, and as the international standard for
world finance. Along with silver and copper, gold has been
sought after by our human ancestors for seven or eight thousand
years as a valuable and malleable decorative metal; since
it was found in its native form, it is highly malleable and has
desirable aesthetic properties.
Gold usually occurs as a native metal in deposits and typically
has some silver mixed with it by atomic substitution.
Deposits may be lode or placer type, with lode gold including
primary deposits in hard rock (typically metamorphic or
igneous), and placer deposits being secondary, found in stream
gravels or soils. Lode gold deposits are formed by hot aqueous
solutions that move through the crust and are typically associated
with the marginal zone or aureoles of plutons. Other
lode gold deposits seem to be associated with regional metamorphic
fluids, or meteoric waters that circulate deeply and
get heated, deposit gold where they cool or react chemically
with wall rocks of different composition. Many of the world’s
famous gold mines are associated with quartz-pyrite-gold
veins in faults, including the Mother Lode in California, the
Bendigo and Ballarat lodes of Australia, and the ancient
workings of the Pharos in the Southeastern Desert of Egypt.
Lode gold deposits that form under low pressures and low to
intermediate temperatures (302°F–662°F, or 150°C–350°C)
are classified as epithermal deposits and tend to be associated
with convergent margins.
Gold is chemically unreactive, so it persists through
weathering and transportation, and gets concentrated in soils
and as heavy minerals in stream placer deposits. Placer gold
was the sought-after treasure in the great gold rushes of the
Fairbanks gold district and Yukon territories of Canada,
where placer and lode deposits are still being discovered and
mined. One of the biggest ancient placer deposits in the
world is in the 2.6–2.7-billion-year-old Witwatersrand basin
of southern Africa, which has supplied more than 40 percent
of the gold ever mined in the world.
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