I’m interested in buying a property with a ‘mining claim.’ What is it and what are some common problems?
The General Mining Act of 1872, amongst other things, afforded people the right to prepare and mine a particular government-owned property, known as ‘staking a claim.’ Once staked, a survey was prepared to depict the mining claim’s boundaries. A private person who satisfies the required ‘assessment work’ could eventually convert the right to mine into … Continue Reading