My first time fishing a pond.  The first cast,  I was using a jig and caught a small lm bass.  He was real small, less than 1lb.  I fish another 20minutes with no hits so I decide to use a weightless senko t-rigged.  

I move on down and cast it.  I get a nice hit on it on the first cast and set the hook,  he was on and he went one direction and then back the next and then I lost him.  I get 3 more hits and didn't manage to hook any of them.  I was using gamakatsu 3/0 ewg hooks.  I waited on the 2nd one and then reeled up the slack and hookset, it just came free.  Is there a chance this pond only has tiny bass?  My wife caught one that was about a pound but it was the biggest I've seen.  She caught both of hers on a 1/8oz buzzbait.  The other was very small also, probably 10oz or so.

This pond has plenty of catfish, and I seen a lot of minnows up next to the bank also.  I seen plenty of bluegill and what looked like a gar also.  The water is pretty clear, but I'm wondering if this pond holds 3lb+ bass.  

Well there has to be something making all those dinks. So yes there should be a few quality fish in there. Try using larger baits and see what happens.

I know a couple lakes where you typically catch more dinks then quality fish, but I have always found there to be quality fish there too. Although I do find some of the lakes I fish I catch more quality fish then others, I don't know why, but thats just my experience.