New Mexico Notice of Claim of Mineral Interest for Dormant Mineral Interest
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How to fill out Notice Of Claim Of Mineral Interest For Dormant Mineral Interest?
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FAQ
How do you Stake a Mining Claim? Find an area of interest. Your first step will be to determine where to search for mineral deposits. ... Conduct a land status search. ... Map your location and determine your claim type. ... Stake the ground. ... File Notice of Location(s). ... Pay Your Fees.
As a mineral rights value rule of thumb, the 3X cash flow method is often used. To calculate mineral rights value, multiply the 12-month trailing cash flow by 3. For a property with royalty rights, a 5X multiple provides a more accurate valuation (stout.com).
STATE LAND OFFICE: If the minerals are owned by the state, you can contact the State Land Office Minerals Program at (505) 827-5743, and this website for Lease Information ? Minerals. An Internet search for ?who owns the mineral rights to my property? will provide links to information.
Any person or persons desiring to locate a mining claim upon a vein or lode of quartz or other rock in place bearing gold, silver, cinnabar, lead, tin, copper or other valuable deposit must distinctly mark the location on the ground by four substantial posts or monuments, one at each corner of the claim, so that its ...
The purposes of the New Mexico Mining Act [69-36-1 to 69-36-20 NMSA 1978] include promoting responsible utilization and reclamation of lands affected by exploration, mining or the extraction of minerals that are vital to the welfare of New Mexico.
Steps in locating a mining claim Locate the claim (discovery) Staking the claim. File the mining claim at the county courthouse and state BLM office. Contact appropriate federal and state agencies to inquire about regulations for exploration, obtaining exploration and mining permits.
How do you Stake a Mining Claim? Find an area of interest. Your first step will be to determine where to search for mineral deposits. ... Conduct a land status search. ... Map your location and determine your claim type. ... Stake the ground. ... File Notice of Location(s). ... Pay Your Fees.
Dormancy periods in New Mexico for common property types include: Wages or Payroll: One year. Checking Accounts: Five years. Money Orders: Seven years.