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Mining Claim---surface,timber,mineral rights
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Topic: Mining Claim---surface,timber,mineral rights (Read 13645 times)
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BuyerBeware
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Mining Claim---surface,timber,mineral rights
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on:
June 08, 2007, 03:19:46 PM »
Hey there,
I've looked for a post that I read a little while ago, but can't find it to reply. So I'll put it here. Before I found this awesome site we bought property (77acres) up near Englehart from (if i can say it here) Weurch.com. It was suppose to have all surface, timber and mineral rights. It is a mining claim. Mining clams go way back, some into the 1800's. After the Lawyer did the searches it was found that mineral was not owned by us if we purchased it.The original owner lossed the rights because of not paying
TAXES
. Now to the point, if there was valuable minerals found we could not keep or do what we wanted with them. They would give us a percentage. So there it is..... If anyone else knows more or wants to add to this feel free to do so.
And as always, Buyer Beware.
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Rob
Administrator
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Posts: 536
Karma: 135
Re: Mining Claim---surface,timber,mineral rights
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Reply #1 on:
June 09, 2007, 04:18:01 PM »
That's very interesting and valuable information. Thanks for sharing.
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Mining Claim---surface,timber,mineral rights