Which is why it is important to focus on the most likely areas (as WalnLiz have pointed out with their discussion of eluvial gold when chasing coarse and nuggety gold)
It is the same when chasing alluvial gold. I looked at this in detail, and while gold can transport tens of km down a creek, all but the first couple of km from the source is usually finer than you would want. In fact we looked at one large goldfield in particular where there were good records (Ballarat) and most nuggety gold was in gullies only 300 m or less from the source. Nuggets over 15 kg (of which Ballarat had a number) in a number of cases never even made it to a gully but were found on hillslopes below the source reefs - all only got as far as small gullies immediately below the reefs - they were not transported long distances along the lead streams (which had lots of gold, but finer).
I have sometimes had comments when I have posted that it was "academic" and that "gold is where you find it". Neither is so - some simple knowledge of geology increases your chances by 1000% or more, and coarse gold only occurs in specific locations, to some degree predictable.
(1) In rocks of specific type (although these will differ a bit on different goldfields locations).
(2) In structural zones, commonly narrow and linear within those rock types
(3) nuggety almost on top of the source reefs (and their structural projections) or downslope of them
(4) nuggety in gullies and streams within no more than 500 m in the main from the source reefs, and even in those cases where they are not covered by alluvial brought downstream from elsewhere
Here is the diagram that I prepared for nuggets over 15 kg (all mine shafts shown are those on quartz reefs, not alluvial, thus giving the position of source areas). I did another one for coarse gold and smaller nuggets in streams (and old buried leads), which gave the 300-500 m transport distance, which if you look at the scale of this map of the goldfield is a tiny proportion of the goldfield area. Imagine how much you reduce the area that is worth focussing on if you limited yourself to within those parameters.
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