Buried paleochannels are of significant interest for understanding hydrological mechanisms and their potential as alluvial gold deposits. Seismic tomographic methods are a suitable solution for resolving the vertical and horizontal structure of such features. We assess a method for seismic 3-D tomographic inversion from refraction arrivals with reflection control over a suspected paleochannel adjacent to the Wyalong gold fields in the Lachlan fold belt of central New South Wales, Australia. A standard multichannel engineering seismic recording and cable–receiver system was used on a 3-D field geometry of multiple linear arrays. More than 3000 P-wave first-arrival traveltime values were inverted using a regularized inversion scheme for which simplified 2-D models served as initial velocity–depth models for the complete 3-D inversion. Seismic reflection arrivals provided additional depth estimates to the bedrock and compensated for a lack of refraction phases at that depth. Correlating the 3-D seismic velocity–depth data with existing drillhole and nonseismic geophysical data resulted in a detailed structural and compositional interpretation of the paleochannel and the incised regolith. The model suggests the presence of a system of deposits from meandering channels overlying a metasedimentary bedrock formation. The general paleodrainage deposit is relatively conductive in electromagnetic surveys, indicating a potential saline storage or transport mechanism.