Exploration

__**Exploration**__ - The presence of a prospecting permit or exploration permit over an area of land is no indication that this will lead to a mine being developed. Exploration activity in the Hauraki District over the past 30 years has resulted in the discovery of only two new mineable gold deposits. Crown Minerals quotes the exploraton success rate as one mine from one thousand prospects. The phase from discovery to a mineable deposit can take many years.

=1:1000=