DNR Announces New Rental Rates For Mining Claims Sites, Leases
The Alaska Department of Natural Resources has announced new rental rates affecting Alaska Miners effective Sept. 1. Here is a summa- ry of the information provided to AMA: The Office of the Lt. Governor approved a change to 11 AAC 86, setting forth new rental rates for mining claims, prospecting sites, and mining leases for the 2020 mining year that begins on September 1, 2019. These increases to mining rental rates were conducted in accordance with State of Alaska Law AS 38.05.211, which requires an adjustment to the rental rates based on the change on the Bureau of Labor Statistics Consumer Price Index (CPI) for Alaska every 10 years to account for the change in the cost of living over the 10 year period between ad- justments. The last adjustment was completed in 2009. The table below lists the new rental rates for different types, sizes, and ages of mining claims and leasehold locations. Table 1 – Rental Rates for Mining Claims and Leasehold Locations Number of Years Since First Located Rental Amount for Each Quar- ter-Section Size MTRSC Location Rental Amount for Each Quar- ter-Quarter Section Size MTRSC Location Rental Amount for Each Traditional Mining Claim or Leasehold Location The annual rental rates for mining leases on a per acre basis are listed in the next column: Rental Rates for Upland and Offshore Mining Leases Number of Years Since First Located Rental Amount Per Acre for Mining Lease
Table 1 – Rental Rates for Mining
Rental Amount for Each Quarter-Section Size MTRSC Location
Rental Amount for Each Quarter-Quarter Section Size MTRSC Location
Rental Amount for Each Traditional Mining Claim or Leasehold Location
Claims and Leasehold
Locations Number of Years Since First Located
0-5
$165 $330 $825
$40 $85
$40 $85
6-10
11 or more
$205
$205
The rental requirement for prospecting sites is a one-time payment of $305.00 to be paid at the time the prospecting site is recorded. Pros- pecting sites are good for 2 years and may not be renewed. Here are answers to some frequently asked questions regarding rental rates: How are the new rental rates calculated? In 1989, the State of Alaska Legislature set the rental rates for mining claims, leasehold locations, and mining leases. In addition, the legis- lature directed the Department of Natural Resources (DNR) to adjust the rental rates every 10 years based on a change in the CPI for Alaska
Rental Rates for Upland and Oshore Mining Leases Number of Years Since First Located
Rental Amount Per Acre for Mining Lease
0-5
$1.03 $2.06 $5.16
6-10
11 or more
HISTORICALLY FAMOUS OLIVE CREEK CLAIMS FOR SALE
Alaskans serving Alaskans
High fineness gold Geophysics completed
Oxford is proud to be the only gold refiner and bullion dealer to maintain two locations in Alaska for more than 39 years. We offer maximum returns on gold and silver, whether you’re a miner or an investor. Buying, selling, or trading – Oxford provides the service, value, honesty, and integrity that Alaskans have counted on for generations.
Geological model completed Exploratory drilling completed Pit dug and pay streak channel tested
Full coverage of the area with aerial photography 1 Full camp in place • APMA in place • Crew available Southern portion owned; northern portion leased Current Owner moving to Canada
ANCHORAGE ■ FAIRBANKS ■ NOME ■
For the first time ever 2 , the basal paystreak channel at lower Olive Creek has been located, exposed, and partially tested. Current data suggests the channel/pay extends northerly-southerly, is approximately 250-ft wide, with grade varying higher on the west side, to lower on the east side. Previous mining was first mostly upper reaches and by family oriented small operations, later by dragline which did not reach deep enough to mine the main pay, and later by excavator and haul truck, which did reach the main pay but in only a few locations, and in all cases prior to the main pay being properly identified. Grade ranges from in excess of 0.07 (drill data on west side), to 0.012 (mining data on east side) 3 . Thickness is uncertain, but appears to range from 6-ft to 10-ft on the east, to 15-ft to 20-ft on the west. CONTACTS PHONE: 661-487-5396 or 701-837-4780 Jim Bush Jody Jensen EMAIL: jbush@owt.com or jodyjensen0@gmail.com Jim Bush Jody Jensen 1 Of 2014-2015 vintage. 2 Based on all historical data presented to Buckeye and its subcontractors. 3 Drill data subject to all typical risk factors, such as nugget effect, cross contamina- tion vertically in borehole or between samples, etc. Mining data subject to all typical risk factors such as comingling feed, pit sluff, counting errors, spillage, etc.
www.oxfordmetals.com 1.800.693.6740 ALASKA’S ONLY LOCAL REFINER BUY : SELL : TRADE
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September 2019 I The Alaska Miner I www.alaskaminers.org
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