Why is gold valuable
The metal is abundant enough to create coins but rare enough so that not everyone can produce them. Gold doesn't corrode, providing a sustainable store of value, and humans are physically and emotionally drawn to it. Societies and economies have placed value on gold, thus perpetuating its worth.
What is quartz and vein
Vein Quartz. Quartz is often found in veins that cut through rocks. Although the term "vein" suggests this, the veins of quartz and other minerals are usually not thin tubes, but rather thin sheets. ... The simplest type of a quartz vein is the filling of an already present crack in rocks.
Where would you find alluvial gold
Alluvial gold can be mined by digging it up with earth-moving equipment, sluicing, dredging, or by hand with a gold pan and shovel. There are localised deposits in Nelson and Marlborough. Little placer gold has been found on the Commander Peninsula
How much is gold?
Gold Spot Prices Today Change
Gold Prices Per Ounce $2,035.00 -36.00
Gold Prices Per Gram $65.43 -1.16
Gold Prices Per Kilo $65,425.25 -1157.40
Who was the first person to discover gold in nz?
The first recorded discovery of gold in New Zealand was by Charles Ring, a Tasmanian who found a small amount at Driving Creek near the town of Commander in 1852. Some years later there were more discoveries around Golden Bay and Marlborough, Otago and on the West Coast.
Where Would you find gold in New Zealand
On the West Coast and at Golden Bay, gold is found in older Paleozoic greywacke and argillite rocks in faulted areas called shear zones. On the Coromandel Peninsula gold and silver are found in quartz veins within volcanic rocks
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