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Gold/Mining/Energy : Twin Mining (formerly Twin-Gold)
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To: don jackson who wrote (601)4/7/2004 2:23:44 PM
From: Letmebe Frank  Read Replies (1) of 613
 
Don, I came across this today, in TWG's Sedar Filing:

U.S. Mining Law
Proposed legislation has been introduced in the United States Congress which would supplant or radically alter
the provisions of the Mining Law of 1872 which currently applies to unpatented mining claims held in the
United States of America. The Atlanta Gold Property includes unpatented mining cla ims. If enacted, such
legislation could substantially increase the cost of holding unpatented mining claims and could materially
impair the ability to develop mineral resources on unpatented mining claims. Under the proposed legislation,
the ability of companies to obtain a patent on unpatented mining claims would be nullified or substantially
impaired. Moreover, such proposed legislation contains provisions for the payment of royalties to the federal
government in respect of production from unpatented mining claims, which could materially and adversely
affect the potential for development of such claims and the economics of operating existing mines on federal
unpatented mining claims. In addition, the proposed legislation may prohibit mineral exploration or
development, even on existing unpatented mining claims, unless and until a federal agency finds that mining is
a suitable use of the land in question, a review process which could take years.

sedar.com
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