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Mining Stocks Investor Guide
| A Guide to Investing in Mining Companies and Mining
Stocks. Learn how to analyze drill results, news releases, technical reports, secrets
of the pros, market manipulation to watch out for and more! Don't miss the rush on
metals and mining stocks. Click for info |
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How To Sell Your Home FAST |
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How Do You Sell Your Home or Real Estate
and Save a Bundle?
By selling a home yourself, For Sell By
Owner (FSBO), without an expensive real estate broker is easier than most people
think.
In most cases, the seller attempts to sell their property (For Sale By Owner) on
their own to avoid paying the real estate agent commission. Click HERE |
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MINING LAW
What are mining claims?
The best way to describe what mining claims
are, is to give you an illustration that is pretty much universally understood...
Years ago, the U.S. government wanted the west settled by pioneers. As a result Congress
created the "Homestead Act".
If a family moved west and took over a 160 acre parcel of land and did certain things
to improve it for a number of years (clear it, farm it, build their home on it, etc.)
THEN the U.S. Government would give them a "Homestead Patent" or deed for
their efforts. Once the Homesteader received his/her deed, they did not have to farm
the land, work it, or live on it, etc.. the land was his/hers to do with as he/she
chose.
Mining claims, like homesteads, were created by a worker... (in this case a prospector
looking for gold, silver, lead, zinc, copper, etc.) who would go onto the open lands
and "stake his claim". At this point the mining claim is not yet patented.
The miner would have to perform a certain amount of work to the property (tunnels,
roads, panning for gold, etc.) that could "prove" his claim if he wanted
to secure a patent. So long as he met the standards passed by Congress, the miner
was then awarded a "Mining claim patent" for his land. A patented mining
claim is one for which the Federal Government has passed its title to the claimant,
making it private land. A mineral patent gives the owner exclusive title to the locatable
minerals. It also gives the owner title to the surface and other resources. This
means: You own the Land as well as the minerals.
If you wish to file a claim, or want to know the location, owners, and status
of legal claims, do the following:
* Establish the area in which you are interested. (U.S. Bureau of Mines and U.S.
Geological Survey publications identify gold-bearing streams.)
* Locate the area on a topographic map by section, township, and range.
* With this information, check with the Bureau of Land Management which keeps current
records for all mining claims on federal lands (see For more information section).
* Mark claim locations on your topographic map, and go out and look for markers in
the field.
A placer mining claim is normally 20 acres, generally measuring 660 by 1,320 feet.
The long direction of the claim is usually oriented parallel to the stream. Remember,
valid claims may exist with no visible markers. If there is an error in the location
description, the marker on the ground rules.
FREE
CLAIMSPROSPECTOR
NEWSLETTER
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