Large Late Archaean greenstone belts in Western Australia, Canada and Zimbabwe, contain abundant mesothermal gold, volcanogenic massive base-metal sulphide, and komatiite-associated Ni-Cu mineralization. These greenstone belts are similar in many respects to convergent and accretionary plate margins found in the Pacific rim; modem environments which are cor- respondingly rich in gold and base-metal mineralization. The giant gold placer deposits of the Late Archaean Witwatersrand Basin (the world's largest gold producer) formed in a foreland or retro-arc basin; in a similar tectonic setting to much modem placer mineralization around the Pacific._x000D_
Gold and volcanogenic base-metal sulphide mineralization are abundant in Late Archaean terranes and the Pacific rim because 1. gold mineralization is a product of convergent margin tectonics, and 2. accretion in convergent margin orogens provides the best chance of preserving base-metal mineralization related to submarine volcanism._x000D_
It is therefore likely that the abundance of gold and base-metal sulphide mineralization in the Late Archaean reflects the widespread growth and sta- bilization of continental crust via tectonic processes broadly similar to those operating in the present Pacific basin.