Nevada Closed Claims

[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

[Reno Chris]

Barrick is shrinking it's holdings. They have also sold off properties that have significant drill identified resources.

 

[Clay Diggins]

Is Kinross cutting back too Chris? A lot of those claims were theirs.

It's hard to get the big picture from a two week report but this is big volume for a single report period. It could be an interesting year.