of the -placer-gold and in its redeposition at progressively lower elevations as the creek deepened its channel. Rock benches might be left by any swinging of the creek from side to side and placer-gold might be deposited on them. The rock bench to, the east of Barrington's camp and 25 to 30 feet above it may be one of these. The early glaciation apparently did not disperse its gold. Qn the Peacock lease a bed-rock channel, separate from the late Tertiary one, was cut during the interglacial stage (see Fig. 5). In it, gold is on top of flat-lying, thinly- bedded clay in the bottom of the channel. The gold is be- lieved to be reconcentrated from a higher, Tertiary gold con- centration left on the rock bench lying to the east. An un- sorted clayey gravel was deposited above the clay prior to the readvance of the ice. Although gold is disseminated through the gravel, most of it is close to the clay at the bottom. Because there was little or no stream sorting, the gold is not in a well-defined pay-streak, its only confining limits being the sides of the channel. A further irregular- ity may have been introduced by the erratic distribution of earlier gold accumulations left more or less untouched by the early ice advance. The gold being mined in the channel on the Peacock lease was deposited in the interglacial stage and is a reconcentration of pre-glacial gold accumulations. The last ice advance was again not sufficiently erosive in the bottom of the valley to disperse the interglacial gold con- centrations. : Wheaton Creek re-occupied its valley after the disap- pearance of the ice and re-excavated its channel almost down to the late Tertiary and interglacial levels. In so doine, it cut a post-glacial canyon on the upper part of the Elvira lease (No. 402) and concentrated, on bed-rock, gold that for- merly had been in any glacial debris and in the bottom of the deepest of the late Tertiary channels. Gold on lease No 302 was reconcentrated by the present creek and rests on bed- rock. below. creek-level. On the Peacock lease, post-glacial down-cutting of the creek reconcentrated, in surface gravel the gold dispersed through glacial debris and gold that may have been left on or along the edge of the rock bench to the east of Barrington's camp. Two factors may account for the gold values on lease No. 402 being much lower than those on the Peacock lease. First, the auriferous interglacial channel mined on the Pea- cock lease is believed to exist as a buried channel lying to 7