|
Groundwork Resources
Patenting a mining claim is not always the cheapest thing and even more so if a lode claim is in question. It is very important for the claimants to get into the subject and study up on the legal requirements that need to be carried out before they are able to get a patent issued. The most important requisite is that there is a discovery of a valuable mineral deposit inside of the boundaries of every claim. Even though the mining statues do not exclusively define a valuable mineral deposit, it has been said in court that a suitable discovery has been carried out when a person has found minerals and the evidence of the minerals that an individual of common forethought would be justified in more expenditure of labor and means, and with a justifiable prospect of developing a mine that is valuable. One important issue to look into is profitability which is a very important consideration to think about when one is applying the prudent man rule. There are a number of people that have not understood the test and think that it only means that any indication of a mineral, or future hope or wish for such, is sufficient. This is not an accurate assumption though. It is necessary for there to be an actual physical discovery of the mineral on every mining claim and the quantity of the mineral needs to be enough to where it goes along with the prudent man rule. If a person does not have a discovery that qualifies as such, the patent application will be rejected, however action needs to ensure through correct administrative dealings to cancel the whole claim. There are some occasions in which all the valuable mineral deposits that are on public domain lands that belong to the United States are open to prospecting, location, and buying according to the mining laws that came out on May 10, 1872, which was amended. |