What are the prospects in investing in a gold exploration company?

Answer 1

With no information provided, my first assumption has to be that it's a poor investment with a significant chance of losing 50% to all of your investment.

This is a typical choice for newbies to go for (also penny stocks). It appears at first glance to be an easy way to some quick high returns. A lottery ticket may be a better choice.
(I think lottery tickets are a total waste of money)