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Prospecting is the physical search for minerals, fossils, precious metals
Exploration is a sequential process of information gathering that assesses the mineral potential of a given area.
Exploration is the start up od any project, where prospecting is the looking for the spesific target.
Esploration for oil and gas stats with studing area of interest and then use all tools to develop prospects.
Exploring is looking to see what is there.
Prospecting is looking for a specific thing. You prospect for tin, gold, oil or whatever.