I have an X-Terra 70 so I do not know exactly about the 305, but I will tell you that in the Coin & Treasure Mode(discrimination mode) it can be run to eliminate hotrocks, all mineralization, iron mineraization, and iron junk-trash running very stable and will pick up about 1/2 gram and bigger gold nuggets just fine but with less depth than Prospecting Mode which it does not have.
Coin & Treasure Mode(discrimination mode): When detecting goldfield areas thick with junk, its best to sacrifice the tiny nuggets and select a coin mode where the discriminator will reject all iron and aluminum foil. At least it will pick up bits of gold as big as this letter O or bigger.
About the 30:
Xterra 30
Is a very simple to use and the most powerful in its class of coin-jewelry detector but forget about it for the goldfields as it has no ground balance control to reject mineralization. The discriminator works well in rejecting junk but is not as good as the Xterra 50 or 70. This is a suitable detector for those on a low budget and do not expect to detect on the goldfields. Its great for kids too.
To be honest, as a first choice get a Whites GMZ if you want the cheapest price and very easiest to operate gold prospecting metal detector. Or look at a cheaper second hand-used metal detector to save costs is the way to go. Like a Teknetics T2, Tesoro Lobo SuperTraq, Tesoro Eldorado, Tesoro Vaquero(inexpensive and very lightest weight), Whites GMT, GM3, or MXT, Minelab GT or FT 16000, XT-17000 or 18000, Eureka Gold, or X-Terra 70 in only the VLF units. I found gold with a Compass Gold Scanner that are no longer made. I do not recommend a Fisher Gold Bug for a newby because you will not be looking for micro sized gold and it is harder to tune.
Also you must use a DD coil on a VLF, at least 5 kHz to 7.5 kHz, but preferrably 10 kHz to 20 kHz is better. The GMZ and GMT are at about 50 kHz.
Then there are also Pulse Induction units that are deeper but very expensive. Hope this helps.