It worked they plated distilled mercury onto copper plates to recover fine gold, 200 years ago, but it also polluted our rivers, today there is no need at all for mercury in recovery of gold, we have so many better methods nowadays easily available to us, and safe to use.
I will step on the limb here and tell you if you cannot pan the gold in the river, either you need to learn to pan or it is not gold, but fools gold, I can pan gold so fine I can barely even see it, gold is heavy and will go to the bottom of the pan and stay there as I pour of all the other rock and sand, here is a way to test if the flakes you see are gold, and if you know how to pan for gold.
Get three small pieces of lead smaller than a BB, or the tip of a pencil, fill your pan with handfuls of rock gravel and sand, throw in the three tinny pieces of lead, stir them into the pan, now pan this into large tub, when done all you should have in the pan is the three pieces of lead and some black sand (and any gold if there was any in the sand, if you lost your lead, you need to keep practicing until you learn to pan and can keep your lead in the pan and never loose it, the lad is much lighter than the gold.
fools gold pyrite will float around in the pan, normally gold will not float although a very small amount can if you have oils in your pan, a drop of dawn dish soap will stop that if it is a problem, but I will say that is most likely not the problem you see.
forget trying to use mercury, as you can most likely tell by the reaction here your question received, it is not a good idea, forget anything you heard about squeezing through chamois leather, and cooking it out the gold in a potato very foolish indeed, a potato is not safe, a retort is what they should have used, but not too many miners are that smart.
Forget mercury if you already knew about this you would have never asked the question in the first place.
we can discuss some other more modern methods of recovery of fine gold is you wish, but I will not help someone kill themselves or others with mercury. There is just no reason for it in recovery or refining of gold.