Colorado Mineral Exploration License - Option to Lease
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How to fill out Mineral Exploration License - Option To Lease?
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FAQ
You may not construct, place, or maintain any kind of building or other structure, road, trail, fence or enclosure, and place or store equipment without the prior approval of a plan of operation from the Forest Service. Prospecting and exploration activities usually do not justify the use of such structures.
Patented Claims A patented claim gives the miner the right to both the minerals and the land itself. If the government approves a patent request, it transfers property title to the miner. At that point, the miner can explore, extract the minerals or build permanent mining structures and a home.
Can I build a cabin on a mining claim? Yes, cabins can be built on mining claims. Issues such as access and boundaries must be addressed, as well as sightline, size, geographic and hazard considerations.
A miner has the right only to the minerals; he may not live on the land without permission. If a cabin is located on a new claim, it belongs to the BLM and may not be used by the miner. A mining claim may also be staked on certain Forest Service (USFS) land, with much of the same requirements.
The maximum period is 90 days from the staking of a claim or site on the ground. However, some states require earlier filings, such as 30 or 60 days from the date of location.
A miner has the right only to the minerals; he may not live on the land without permission. If a cabin is located on a new claim, it belongs to the BLM and may not be used by the miner. A mining claim may also be staked on certain Forest Service (USFS) land, with much of the same requirements.
With an approved BLM Plan of Operation, a building can be built on the land: any building that benefits and improves the claim, though you cannot permanently live on a mining claim. As stated by the BLM, this can be the "construction of a building, road, fence, or enclosure necessary for mining."
To transfer mineral rights:The grantor's lawyer has to come up with a deed of transfer to the grantee.The grantee accepts the deed of transfer and goes on to register themselves as the new rightful owner at the office of the Colorado State land board.More items...
You can expect to sell non-producing mineral rights for under $1,000/acre. The value typically falls in the $0 to $250/acre range.
When you own a mining claim, you have purchased the exclusive rights to mine the minerals on that land, but you are not purchasing real estate. The land itself is not yours. You cannot put up No Trespassing signs.