IPA: //ˈpleɪsər//
KK: /ˈpleɪsər/
A type of deposit made up of sand or gravel that contains valuable minerals, often found in rivers or streams, where they can be extracted.
Gold miners often search for placer deposits in riverbeds.
Placer comes from Old French 'placer' (meaning to place or put). The word refers to the act of placing something in a specific position.
Think of the Old French word 'placer' meaning to put something in a specific spot — that's why 'placer' relates to placing.