Unfortunately, the Powhatans were never able to direct the Jamestown settlers to the gold. By 1639, Jamestown had exported 750 tons of tobacco. It became the cash crop of the Southern Colonies and Virginia’s own form of gold.Click to see full answer. Likewise, people ask, did settlers find gold in Virginia?The earliest English settlers of the Virginia Company were looking for gold. In Virginia and then later colonies, the English did not discover any native societies in North America that had mined and accumulated gold.Similarly, what happened to the colony of Jamestown? In 1676, Jamestown was deliberately burned during Bacon’s Rebellion, though it was quickly rebuilt. In 1699, the colonial capital was moved to what is today Williamsburg, Virginia; Jamestown ceased to exist as a settlement, and remains today only as an archaeological site. Keeping this in view, is there gold in Jamestown? One of the best places to do it is in Jamestown, one of California’s original Gold Rush towns. In fact, Jamestown has seen two separate gold rushes in its history: the first in 1849, and a second boom in the 1880s, when new ways of mining helped uncover more gold.What were the Jamestown settlers looking for?Jamestown was established in 1607, 13 years earlier than Plymouth. The Pilgrims landed at Plymouth to establish a colony in “North- ern Virginia” in December 1620. By this time, tobacco was Virginia’s cash crop, the first Africans had arrived and representative government had been established in Virginia.