Precious Metals

Gold is so rare that one ton of average rock contains only about eight pennies worth of gold. Gold ore occurs where geologic processes have concentrated gold to at least 250 times the value found in average rock. At that concentration there is still one million times more rock than gold and the gold is rarely seen. Ore with visible gold is fabulously rich.

Gold most commonly occurs as a pure metal called native gold or as a natural alloy with silver called electrum. Gold and silver combined with tellurium are of local importance. Gold and silver tellurides are found, for example, in the mountains around the old mining boom-town of Telluride, Colorado. Gold is found in a wide variety of geologic settings, but placer gold and gold veins are the most economically important.