How To Buy A Gold Claim
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Buying a mining claim is a right that is granted to any citizen of the United States, and there are many good claims out there that you can buy and find gold on. The purpose of this article is to point out that just because the land is claimed, there is no guarantee that there is actually any gold there.
For many prospective claim buyers this seems very exciting. This is what they picture in their mind when they think of a gold mine, climbing deep underground and following a vein of gold down into the Earth.
Profitably running a hard rock gold mine is very difficult to do, and not realistic for the average prospectors. Certainly not for a person who has never even mined before and thinks that they are just going to buy a gold mine and start pulling gold out of the ground right away.
Consider this a definitive guide about how to buy a mining claim from experts in the field. We have been working with mining claims all across the western states for years. This review comes from unparalleled knowledge, and unlike other reviews, can all be verified with state and federal agencies. Nothing is subjective here, just facts.
Mining claims may be located on unreserved, unappropriated lands administered by the BLM, US Department of Interior and the unreserved , unappropriated Public Domain Land in the National Forests administered by the US Forest Service, US Department of Agriculture. Mining locations may be made in the states of Alaska, Arizona ,Arkansas, California, Colorado, Florida, Idaho, Louisiana, Mississippi, Montana, Nebraska, Nevada, New Mexico, North Dakota, Utah, Washington And Wyoming. 43CFR 3811.2-1(a)
This is about doing your homework. Anyone can file a claim and sell it to you. Research your seller and determine their end goals. In the end, it comes down to knowledge and expertise. Find a good company, with a good reputation, and then find a site that you feel good about. Your seller should be able to answer all your questions and help you make your claim a sound investment.
A mining claim is a parcel of land for which the claimant has asserted a right of possession and the right to develop and extract a discovered, valuable, mineral deposit. This right does not include exclusive surface rights (see Public Law 84-167).
Locatable minerals include both metallic minerals (gold, silver, lead, etc.) and nonmetallic minerals (fluorspar, asbestos, mica, etc.). It is nearly impossible to list all locatable minerals because of the complex legal requirements for discovery.
Lode Claims - Deposits subject to lode claims include classic veins or lodes having well-defined boundaries. They also include other rock in- place bearing valuable minerals and may be broad zones of mineralized rock. Examples include quartz or other veins bearing gold or other metallic minerals and large volume, but low-grade disseminated gold deposits. Descriptions are by metes and bounds surveys beginning at the discovery point on the claim and including a reference to natural objects or permanent monuments. Federal statute limits their size to a maximum of 1500 feet in length, and a maximum width of 600 feet (300 feet on either side of the vein).
Placer Claims - Placer claims are defined as \"...including all forms of deposit, excepting veins of quartz, or other rock in-place.\" In other words every deposit, not located with a lode claim, should be appropriated by a placer location. Placer claims, where practicable, are located by legal subdivision (aliquot part and complete lots). The maximum size is 20 acres per locator, and the maximum for an association placer is 160 acres for 8 or more locators. The maximum size for a corporation is 20 acres per claim. Corporations may not locate association placer claims unless they are in association with other locators or corporations as co-locators.
Tunnel Sites - A tunnel site is a subsurface right-of-way under Federal land open to mineral entry. It is used for access to lode mining claims or to explore for blind or undiscovered veins, lodes, or ledges not currently claimed or known to exist on the surface. A tunnel site can be up to 3,000 feet in length.
Provisions of the Mining Law allow for the development of local rules that are consistent with federal law. Therefore, individual states can have their own manner of locating and recording mining claims, tunnels sites, and mill sites. Always check with the appropriate state for state-specific laws and regulations.
Buying an existing mining claim on federally managed public lands can be a fast path to accelerate your gold accumulation or just a path to frustration and an empty wallet. If you want to improve your chances of buying wisely, here are some tips for you:
5. Are you confident you know how to maintain your claim ownership Do you know the correct county and BLM offices to work with and what forms they require What about fees and due dates associated with that paperwork (See comment below for more on this.)
6. Pay a fair price for the claim. What have other claims in the area sold for Are those claims comparable in terms of gold values, ease of production and access Does the price of this claim make sense to you given the gold you found while sampling and all the other considerations mentioned above In the end, pricing a mining claim is an art which takes many factors into account. Just remember that, like any real estate transaction, everything is negotiable so ask for the deal you want!
As I mentioned in the first paragraph, your other option is to find and file your own claim. This may be previously unclaimed land, or it may be an area where there is a closed claim that you choose to make back into an active claim. Either way, this article I wrote will help.
High water seasons that may severely limit access to mining activity. The upper Arkansas River for example has an artificially high flow from mid-May to mid-August specifically to cater to the recreational rafting community. That high water is a problem for prospectors unless they can schedule their mining for mid-August or later in the year. Similarly, low water seasons could leave you unable to use your preferred equipment during parts of the mining season. This would be similar to the public access area at Cache Creek where autumn water levels are just too low for some types of sluices. Some claims easily accommodate a 4-inch dredge in the spring but by late summer, the water flow is just too low for gear that big.
SWITCHING BETWEEN WAIVER AND MAINTENANCE FEE/TRANSFERRING CLAIMS UNDER A WAIVER. Be very careful if switching between a waiver and maintenance fee, and when transferring a claim that is under a waiver.
c) If you transfer ownership of a mining claim that is under a waiver for the current assessment year be sure to inform the new owner of the requirement to file the Affidavit of Labor for that assessment year. This requirement does not go away because you transferred the claim.
d) If you transfer ownership of a mining claim that is under a waiver for the current assessment year and the new owner does not qualify for a small miner waiver, the waiver is immediately cancelled and the new owner must pay the maintenance fee for that year prior to the upcoming September 1. They must also pay the maintenance fee for the new assessment year that begins on September 1.
Petersville Area #1 - Updated 05/28/2021. Four forty acre claims located near Poorman and Cottonwood creeks. Road access. Two creeks drain into Cottonwood. Have info of area and geologist report. Asking 100K motivated to sell, serious inquires only. Contact Michele Stevens 907-345-9655 or email: goldengirl@petersvillemining.com website: Thank you for looking.
Petersville Area #2 - Updated 05/28/21. Six State of Alaska mining leases totaling 2,690 acres. State of Alaska Mining Leases are a 20-year lease with the State of Alaska which I own the lease and the lease has 14 years remaining and are renewable. Also available are 25 forty-acre claims with 6 buildings and 3 airstrips. Located in historic and present Petersville/Yentna Mining District area, that has seasonal road access to all claims and leases. Located in Talkeetna C-2 Quadrangle north of the Peters Hills and all above tree line on Cottonwood, Poorman, Pass, Willow, Little Writer, and Peters Creeks where very limited mining of present alluvium has occurred. Drill logs, sampling, and certified geophysical information are available. Owner would like to see the property brought to commercial production. Prices have been dropped and owner is motivated to sell. Leases can be subdivided and sold as smaller leases if need be. Serious inquiries only. For more information contact Michele Stevens @ 907-345-9655, website: or email: goldengirl@petersvillemining.com Thank you for looking.
Overwatch is a past producing gold/silver lode mine measuring 20.66 acres in Esmeralda County, NV. A hidden gem with tons of high-grade ore, hundreds of feet of underground workings, large tailings piles and close to the Gold Point ghost-town, Overwatch is on sale now.
The Taylor Hill mine is a past producing gold/silver lode mine measuring 20.66 acres in Douglas County, NV. Enjoy high-grade ore, hundreds of feet of underground workings, large tailings piles and close to town gold lode mine on sale now.
High Moss placer commands 1000+ feet of creek-side access on the gold bearing Salmon Creek in Sierra County, CA. Excellent camping at Gold Lake, bring your sluicebox, gold pans and trommel to this new 20 acre placer claim on sale now.
Close to the famous Salters Mine that produced hundreds of ounces of gold, Secret Canyon is a 20 acre placer mining claim on the headwaters of Buckeye Creek. Close to town and ready to mine this 20 acre placer gold claim sale now.
A premium 103.3 acre claim includes the famous Delano & Cleveland mines. High grade silver ore made this mine site famous for producing over $60 Million in precious metals with a large ore reserve remaining. Check out this once in a lifetime opportunity, on sale now. 59ce067264