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Prospecting is the first stage of the geological analysis (followed by exploration) of a territory. It is the search for minerals, fossils, precious metals, or mineral specimens. It is also known as fossicking . Traditionally prospecting relied on direct observation of mineralization in rock outcrops or in sediments.
A gold pan. Gold prospecting is the act of searching for new gold deposits. Methods used vary with the type of deposit sought and the resources of the prospector. Although traditionally a commercial activity, in some developed countries placer gold prospecting has also become a popular outdoor recreation. Gold prospecting has been popular since ...
Bioprospecting (also known as biodiversity prospecting) is the exploration of natural sources for small molecules, macromolecules and biochemical and genetic information that could be developed into commercially valuable products for the agricultural, aquaculture, bioremediation, cosmetics, nanotechnology, or pharmaceutical industries.
Recreational gold mining and prospecting has become a popular outdoor recreation in a number of countries, including New Zealand (especially in Otago ), Australia, South Africa, Wales (at Dolaucothi and in Gwynedd ), in Canada and in the United States especially. Recreational mining is often small-scale placer mining but has been challenged for ...
Prospect theory. Daniel Kahneman, who won the 2002 Nobel Memorial Prize in Economics for his work developing prospect theory. Prospect theory is a theory of behavioral economics, judgment and decision making that was developed by Daniel Kahneman and Amos Tversky in 1979. [1] The theory was cited in the decision to award Kahneman the 2002 Nobel ...
Hydrocarbon exploration is a high risk investment and risk assessment is paramount for successful project portfolio management. Exploration risk is a difficult concept and is usually defined by assigning confidence to the presence of the imperative geological factors, as discussed above.
Multi-level marketing (MLM), also called network marketing or pyramid selling, is a controversial marketing strategy for the sale of products or services in which the revenue of the MLM company is derived from a non-salaried workforce selling the company's products or services, while the earnings of the participants are derived from a pyramid-shaped or binary compensation commission system.
Geobotanical prospecting refers to prospecting based on the composition and health of surrounding botanical life to identify potential resource deposits. Using a variety of techniques, including indicator plant identification, remote sensing and determining the physical and chemical condition of the botanical life in the area, geobotanical prospecting can be used to discover different minerals.