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Gold/Mining/Energy : Pacific Rim Mining V.PFG -- Ignore unavailable to you. Want to Upgrade?

To: Natedog who wrote (10915)	12/10/1998 4:33:00 PM
From: m jensen	Respond to of 14627

Nate, no problem, BTW I hope the La Espina is last on the list for exploration dollars. Regards Mike

To: Natedog who wrote (10915)	12/10/1998 5:30:00 PM
From: Bill Jackson	Read Replies (1) \| Respond to of 14627

Nathan, Mike is right. In most countries state owned lands are opened for staking under assorted plans. Some are like Ontario where you physically must go the land and stake(peg) it according to rules. In Ontario you are then allowed 2 years to perform assessment work on this land to a certain value per claim. You submit your work receipts and a geo report on your work and conclusions and this work will keep the claims for another 2 years. The work must be real geological work and not armchair stuff and you can spread one drill hole over a number of connected holes but the work cannot leap over intervening grounds(unless you have a deal with the owners of that ground for a joint venture, in which case you can, otherwise each group of claims needs it's own work. You can keep doingthis until you define a mine or want to go away and let them lapse. Opening a mine takes closing plans, permits etc. Some countries have office staking(pegging) where you go to the local government office and outline the area on a map and make a claim for it and describe what you wish to do. Others may do this as well and the office will pick the best or split the area up among the groups. Australia does this. Usually you get the mineral rights and you must exploit them. This is to stop some company from getting them and deciding not to mine them, just to keep them from others. Sometimes you can do this, many times not...many variations. If the land owner has all rights and it is private land you can buy it and then you own it outright and can then mine it. Same permits needed etc and you also get to pay taxes on it.(straight mineral rights claims are not taxed in Ontario, just surface rights and infrastructure) Bill