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Gold/Mining/Energy : International Precious Metals (IPMCF) -- Ignore unavailable to you. Want to Upgrade?

To: Char who wrote (34710)2/27/1999 6:23:00 PM
From: Bill Jackson  Read Replies (1) | Respond to of 35569
 
Char, In totally virgin land you stake both mining and surface rights. In a surveyed township often all the surface rights are held by landholders, some of whom also have the mining rights. Some one would have to go to the BLM office and se what the status was on that land, vis-a vis those separate rights. You often see this where coal rights are sold to big coal and the sharecroppers own the land and have to make way for the miners(who must restore the land and file a close down pland and post a performance bond for when they finish mining). There are variations on this theme with the state and country, however Thall should be able to clarify this easily.

Bill.



To: Char who wrote (34710)2/27/1999 9:12:00 PM
From: Tim Hall  Respond to of 35569
 
Char,

With mining claims on federal land, someone stakes them, claims them, and holds them as long as they pay the federal fee. Someone is still paying the fee for these claims to keep them active. That has been confirmed. They are not really an assest that IPM holds since they can't pay the fee, but some one is. I think Phoenix still legally holds these claims. Call the BLM in Phoenix and see who paid the holding fee.

Tim


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