26 posts in this topic
By Trent King
I was doing a quick search of gold mine sales in Australia to suss out the market. Came across this gold mine sales mob who have cut and copied my gumtree ads and added random pictures??wtf
This is a hard rock mine I own that they have listed as an alluvial mine. Disturbingly it has 175 views and god knows how many people have been tricked thinking the ads are real.
I have sent enquiries in but have not recieved responses yet.
We try very hard to provide a quality service with our lease sales and am pretty pissed about someone taking potential customers for a ride.
By Reno Chris
Prospecting can be profitable, but there is more than one way to make money in the prospecting game beyond just finding gold. Leasing out prospective claims to mining companies is a subject I have written about several times in the ICMJ and also in my book on prospecting. I know people who have made big money doing this - a lot more than this check. Its a serious effort to find claims mining companies want. Right now, the market to lease them off is not good.
I am publishing this check with critical areas blanked out for security reasons - it would be a waste try to copy it. I also greatly altered the colors of the check, the company who issued it is out of business and I am guessing there is no significant money that is left in their account. So all things considered, I figure its safe to show. As one can see from the date, the issue was two years ago in 2015. I'll get my 2017 payment in a few weeks from a different company.
By Clay Diggins
The Nevada BLM closed 8,195 claims between January 15th and February 1st. That's nearly 194,000 acres opened to location in two weeks. Most of those claims were held by the big mining companies - Kinross, Barrick. Some of these claims go back to 1893.
Of course you would already know that and have an individual map of each of those 8,195 claims section areas if you are a Claims Advantage Member.
This is an unusual number of closures in such a short period of time even for Nevada, the biggest mining State by far. Annual turnover in Nevada mining claims is about 20,000 claims so this could be just an unusually productive period for the Nevada BLM in updating their case files.
Why the big mining companies are dumping so many claims is a matter of speculation since I don't sit in on their board or management meetings. This may just be a blip in reporting. In any case I'll leave the speculation to others. Probably more important is where these closed claims are. That answer will probably produce a flurry of prospecting as soon as the weather permits.
Go get u sum
By Steve Herschbach
The budget process under way includes some proposed changes to the mining law that claim owners or those thinking of owning claims need to be aware of.
From BLM Bureau Highlights page 12 http://www.doi.gov/budget/appropriations/2016/highlights/upload/BH007.pdf
"The second legislative proposal institutes a leasing pro- cess under the Mineral Leasing Act of 1920 for certain minerals—gold, silver, lead, zinc, copper, uranium, and molybdenum—currently covered by the General Mining Law of 1872. After enactment, mining for these metals on Federal lands will be governed by the new leasing process and subject to annual rental payments and a royalty of not less than five percent of gross proceeds. Half of the receipts will be distributed to the States in which the leases are located and the remaining half will be deposited in the Treasury. Existing mining claims will be exempt from the change to a leasing system. The proposal also increases the annual maintenance fees under the General Mining Law of 1872 and eliminates the fee exemption for miners holding ten or fewer mining claims. These changes will discourage speculators from holding claims that they do not intend to develop. Holders of existing mining claims for these minerals could voluntarily convert their claims to leases. The Office of Natural Resources Revenue will collect, account for, and disburse the hardrock royalty receipts."
Note that these are listed under a heading as changes relating to hardrock mining reform. Without seeing the actual proposed legislation it is not clear but it would seem unlikely that this would not end up applying to all claims on federal land, including placer claims. In the future there would be no new claims, only leases, subject to leasing fees and a royalty of not less than 5% of gross receipts. This means you could lose money and still owe a royalty. Furthermore the Small Miners Exemption would be eliminated, and annual fees increased for existing claims.
Before everyone goes ballistic keep in mind proposals like these have been floated for decades and so it is not a given it will come to pass. The big boys will certainly fight the leasing and royalty portions. However, they will not care about the Small Miners Exemption. If you do, you may want to dig deeper into the proposals and keep an eye on their progress. This would have a devastating impact on club ownership of claims in particular.