Hi Willy and Don,
Although, TID may be great, it might not be the answer for a serious nugget hunter. Having used a multitude of TID machines, I can say that it is impossible to tell gold from so many of the other non-ferrous objects. In fact, gold objects will span from iron to a half dollar or more on a typical TID meter, depending upon the size of the gold and the purity.
What makes things worse is the fact that iron will fall in the same range at times, depending upon its orientation, shape, etc. So, one could get nice low conductive signal from a piece of old can under the right conditions.
What is really needed for a nugget hunter is a true form of iron ID. The problem lies in the fact that no one circuit will work. Large solid iron objects can be checked using the delay advance method you mentioned, but thin flat metal trash such as tin cans, will give a perfectly good signal only using the delay method. In other words, thin iron, such as cans, will have a decay quite similar to a gold object and will require a different form of detection.
I know, I have been fighting such trash for a long time. It has been one of my pet projects to try to find something that will minimize the digging of the can type trash. I already have a PB I can push to quickly advance the delay to test for heavier iron, but like I said, this will not work on the tin can problem.
I have just built a simple but somewhat effective circuit that I hope will work in the field as well as it does in my testing. Even if it does work as I hope it will, the design is still limited. The trash has to be reasonably close to the coil (within 6 to 8 inches or so, depending upon the size), and real small pieces, smaller than a quarter, will be almost impossible to eliminate. Fortunately, such small pieces are the minority where I hunt.
I am hoping to test the design shortly.
Reg