G'day
In one place I prospected some years ago I found round river rocks near the top of a hill, they looked exactly like the stones that you would get in a fast river bed all well worn and rounded, not many large ones mainly smallish to medium sized pebbles really, the bigger ones were probably buries a bit deeper, the area has no flowing water other than when it gets a rain storm, and no permanent water holes that I have ever seen there, I did however have a a bit of a detect there but didn't find anything and have not been back to that location since so who knows, but it did display to me that the ground can change quite significantly over millions of years so it also answers the question of why you can find gold in areas that show no features or structures that would indicate a source of the gold as they are long gone.
The old timers were far better at reading the ground than we are, and better understood the indicators that would lead to them sinking shafts to follow ancient river beds for the gold, sometimes when you look at diggings you get to wonder what made them decide to dig there in the first place? the only conclusion I can come to is two things either they could see something I can not, or it was just pure speculation?, but they also sometimes probably followed suit off previous discoveries there and also used other methods such as loaming or as mentioned devining?
Also the situation for the old timers was very different to what we have today, back then you often got to the area after some grueling travel on foot pushing a barrow or horse back or cart if you were lucky, and you just had to try and make it pay or you didn't eat, not like us we can just bug out and drive to somewhere else with no drama, so they had a lot more at stake than we do.
cheers
stayyerAU