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Exploration Agreement

Idaho Exploration Agreement

Name: Idaho Exploration Agreement
Brand: US Legal Forms
Rating: 4.68 (392 reviews)

Category:

Oil Gas and Minerals - Agreements

State:

Multi-State

Control #:

US-OG-215

Format:

Instant download

Description

This form is used when two parties are interested in conducting joint exploration operations, including the drilling of exploratory or development wells, for the discovery of and for the production of oil and/or gas in a stated area.

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FAQ

The Mining Law of 1872 (hereinafter "fining Law") allows miners to locate and patent lode and placer mining claims, subject to certain restrictions regarding the size of the claims.

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.

How do you Stake a Mining Claim? Find an area of interest. Your first step will be to determine where to search for mineral deposits. ... Conduct a land status search. ... Map your location and determine your claim type. ... Stake the ground. ... File Notice of Location(s). ... Pay Your Fees.

In Utah, you must record with the County Recorder within 30 days from the date of location. Notice must include township, range, section, and quarter section in which the claim is located, location date, type of location, claim name, claimant(s) name and address.

To record a mining claim, the claimant must file a copy of the location notice of the claim in the recorders office in the county which the claim lies and with the BLM State Office in Sacramento within 90 days of the location of the claim. The mining claim must be on Federally administered land open to mineral entry.

As an owner of an active Federal unpatented mining claim, you have exclusive rights to explore and extract the minerals within its boundary from the date you located the mining claim as long as the claim remains active. The government can examine your claim at any time to determine if you have valid existing rights.

For Placer Claims only, the fees are $165 for every 20 acres or portion thereof. Claimants who filed a Small Miner's Waiver in 2022 for the 2023 assessment year will be required to file an Affidavit of Annual Assessment Work form, including the required $15 processing fee per claim on or before Sat., Dec. 30.

Idaho Exploration Agreement

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