Carlin-type gold deposits hold up to about 9,000 parts per million gold in pyrite, invisible to the eye, hand lens, or pan, in gray silty limestone a forty-niner would have walked past. Four unrelated events built them: a reactive continental shelf, a mountain-building thrust, a brief Eocene fluid pulse, and later uplift. Where the gold came from is still argued.
The source of the fluid and gold is unsettled: magmatic, deep metamorphic, meteoric water, or sedimentary rocks with only magmatic heat. Nobody disputes the Eocene timing, and why such deposits are concentrated almost only in Nevada is a conjunction of conditions, not a settled mechanism.