Colorado Notice of Claimed Ownership of Mineral Interest, by Limitations

State:
Multi-State
Control #:
US-OG-362
Format:
Word; 
Rich Text
Instant download

Description

This form is used by Claimant as notice of ownership and claim of title to additional interest of the mineral estate in lands, by having engaged in, conducted, and exercised the acts of ownership, which entitle Claimant to ownership of the additional mineral interest by limitations, under the laws of the state in which the Lands are located.

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FAQ

Locating and Recording a Mining Claim The process of staking a claim is listed above, and includes placing posts or monuments at the corner of the claim along with a location notice. A copy of the claim notice must be filed with the proper state BLM office within 90 days of the date of location.

Selling means that you can receive a large cash payment upfront, regardless of minerals found on your land. A company who leases your land may deplete the mineral supply substantially before returning the land back to you. Selling reduces overall risk of handling mineral rights.

Understanding Mineral Rights in Colorado The answer would be NO, not automatically. Their next question is ?I bought the property and the deed says I am receiving all right, title, and interest of the seller.? If the seller owned the minerals, then the minerals were also conveyed to you along with the surface.

Miners did not own the property they claimed. However, the first person to get to a site, discover gold, and mine it was entitled to the gold he found. A person could maintain his claim to a site only if he notified other miners that it belonged to him.

Staking a Claim Once a mineral deposit has been discovered, land ownership has been verified, and it has been determined that the land is not already claimed, a prospector can stake a claim. When staking a claim on federal lands, location posts or rock monuments are placed at each corner of the claim.

The Claim Staking Process Prospect and find an area of interest. Conduct land status searches to ensure land is open for mineral entry with no competing claims. Write notice of location(s). Place corner markers and location monument(s) on the ground ing to state statutes.

If the mining claim is on State Land, call the Colorado State Land Board at 303-866-3454. If the claim is on Federal Land, contact the US Bureau of Land Management 303-239-3600. If the claim is on private land, contact the county clerk &, recorders office where the property is located.

A claimant with an unpatented mining claim enjoys an exclusive possessory right in the surface land and the underlying mineral deposits, but the United States retains fee title in the land.

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Colorado Notice of Claimed Ownership of Mineral Interest, by Limitations