A lot can be learned about gold bearing areas by studying the vegetation, just like they can by reading the ground.
Others are correct about PH ranges and mineralization profiles of certain types of vegetation, but water tables, rainfall levels, elevation levels etc also play a major part.
For example in the Vic goldfields, Ironbarks are an indicator of shallow ground containing moderate to heavy mineralization in areas of deep or non existent water tables and low rainfall, usually around the tops and sides of rising elevations. Indicators of Anticlines, shallower reef dip, shallower older rock and possible reef deposits etc.
The presence of Grey Box which begin to appear amongst the ironbarks is an indicator that your reaching lower levels of elevation such as towards Synclines and drainage points where the water table is not as deep, where alluvial shed gold may be present etc.
A classic giveaway that your on a possible old lead (apart from the heavy old diggings) would be the presence of Red Gums, again these will be among the Grey Box/yellow box with little or no presence of the Ironbarks which prefer the drier, shallower ground.
Red Gums love and need their water, so their presence would indicate shallow water tables along low lying areas where possible ancient river systems once existed and represent good areas where any rainfall will accumulate leading to secondary gold deposition as salinity drops.
These are but some examples of how i use the surrounding vegetation to read the area i may intend on working as they can and do, offer valuable clues.
It may be worth noting that all this vegetation is rather new, and has began to grow long after the times of the original gold rush days, but would still have retained the same growth patterns as it would have been back in 1850.
The old timers were experts at reading ground and vegetation to lead them to gold bearing areas, we should be doing the same!
Good luck