The excitement over IOCG deposits began with the discovery of a monster deposit at Olympic Dam in Australia in 1976. The discovery was accidental as the operator was searching for strata-bound copper deposits.

Common thought is the switchback slows the velocity of the rushing water and gold drops out from the cut bank to a fill gravel bar within or below the switchback. I am not going to disregard that model; however, I hope to improve upon it.

The majority of the gold produced in Goldfield has come from ores that are close enough to the surface to be oxidized by the air. This oxidized ore is normally a soft, shattered, earthy material usually stained yellow to brown by oxides of iron.

Silver nuggets have been described as “ultra-rare,” “prized” and “unique.” Naturally occurring silver nuggets are rare enough to suggest caution when purchasing. Fakes have reportedly been produced and misrepresented for sale as genuine specimens.