mining claims

[newtothis]

Frank,

I've been reading this forum for a while and to me you also sound like a bit of an expert on a lot of topics.  What do you think of land with mining claims on them?  I would really like to hear you opinions.

Thanks for your time. 

[Frank]

Their not generally prize pieces of land, however people buy them so they have a place to go hunt, etc..  I suppose that if you own one with a mining claim then you probably own the sub-surface rights as well, so if there is gold there - you might be rich (kinda like the Beverly Hill Billies). 

I own a piece of land in Temagami which I believe someone has a mining claim to, but not the surface rights, since those are mine.  My deed clearly states that I do not own the subsurface and therefore I presume that someone could set-up a mine nearby and bore underneath my turf.  A couple of year's back some surveyor's came through and put mining claim stakes on my parcel, but my understanding is that they would have bore under me - or buy me out if my property is the preferred site for the shaft.

Sorry, but I really don't know much about them, nor do I care to since I am not into prospecting.

[newtothis]

Thanks for the input Frank!! 
We are not into prospecting either.  We just want to have the property as an investment and hold onto it for a long time.
We are going to try to get up there to check it out in the next few weeks and see if it's worth it.  Thanks again for your time.

[Frank]

Good luck and let us know how you make out.  There may be gold in them thar hills.