A. Since October 1, 1994, the BLM has been prohibited by Acts of Congress
from accepting any new mineral patent applications. The moratorium has been
renewed annually through the various Interior
Appropriations Acts. It is unknown how long this moratorium will continue.
Q. Can I keep all of
the gold that I find?
A. Yes. Additionally, there
are no royalties due to the US Gov't as on some other claim types.
Q. How long can I camp on the property?
A. 14 consecutive days in the same spot if camping.
If you are mining, there are other conditions that apply. Please check with the BLM here.
Q. Is there water, electric, or gas available?
A. No water, no electric, no gas, need to bring your own...
Q.
Can you provide proof that you own this claim?
A. Because we have several others, more than we can mine in ten lifetimes.
Q. What does it cost
each year to maintain a mining claim?
A. Either a one time $10.00 fee for filing a waiver
with the BLM...if you qualify for the "small miners exemption", plus the recording fee at the county where the claim
is located, which is about $10-14.
Option 2, pay an annual maintenance fee to
the BLM of $125.00.
Option 3, send in an "affidavit of assessment work".
See specific details from the BLM web site here.
Q. How long can I keep the claim?
A. Forever, so long
as you follow the maintenance requirements.
Q. Are there taxes on mining claims?
A. Not in Arizona. California has taxes on mining claims.
Q. Are others allowed to mine on this property or is the claim owner the only one allowed
to mine and prospect it? And can I 'rent' the claim' to others?
A. Yes, the mineral rights will be exclusively yours.
No one may legally remove minerals from the claim, without your permission. Yes, your interest is in "real property",
so you may lease, rent, sell, inherit, will etc.
Q. What if I find a vein
in solid rock, then what?
A. You could file what
is known as a 'lode' claim to protect your interests.
(see section above)
Q.
I thought that the BLM limited the filing of mining claims to 20 acres per person, how can you sell a 160 acre claim, don't
you need 8 people named on the quitclaim deed?
A. No, actually the
20 acre rule applies only to the original LOCATING of the claim. A company or corporation that files a mining claim is limited
to 20 acres per claim however. Once recorded, the original locators may transfer their interest in the claim to one person.
You may do the same if someday you gift a family member, or sell the claim to another person.
Portions
of this page copied from BLM sources