Discovery of dozens of gold, copper, and uranium deposits over the last several decades amply demonstrate the rewards of technically sound exploration. Mineral exploration and mine development, in effect, create wealth (reserves) even as resources are extracted. Undiscovered mineral resources have little value until they are discovered and developed. But this optimistic picture must be tempered by the fact that there is increasing competition for the area available for exploration and reserve augmentation at least within the borders of the United States.
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Answer:
Discovery of dozens of gold, copper, and uranium deposits over the last several decades amply demonstrate the rewards of technically sound exploration. Mineral exploration and mine development, in effect, create wealth (reserves) even as resources are extracted. Undiscovered mineral resources have little value until they are discovered and developed. But this optimistic picture must be tempered by the fact that there is increasing competition for the area available for exploration and reserve augmentation at least within the borders of the United States.
Explanation: