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What is a lode claim?

Lode claims are usually located as parallelograms with the side lines parallel to the vein or lode. Descriptions are by metes-and-bounds surveys (giving the length and compass bearing of each boundary line from a central point or monument to each corner post, and then sequentially around the perimeter of the claim).

Can you live on a mining claim?

You cannot camp longer than 14 days, and you cannot come back and camp again for another 14 days within the same 90 day period, nor can you camp on a different claim or site if it is within 25 miles of where you previously camped within that 90 day period.

Whats the difference between lode claim and placer claim?

Placer Claim: rock not in original place (river sands or gravel); may not exceed 20 acres per individual claimant, up to 160 acres maximum. Lode Claim: veins, ledges, or other rock in place; not to exceed 1500 ft. by 600 ft. or 20.66 acres.

Is a mining claim a good investment?

Mining claims make a good substitute for commodities, mining stocks, and royalty investments. The Mining Law of 1872 gives US citizens and companies the right to locate claims on public lands that are open to mineral entry.

Can I live on my gold claim?

Can I live on my gold claim? No, you can not technically live here. However, you may camp indefinitely while you have an active mining operation, Which can be as little as having a gold claim, bucket, and shovel.

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