Things to Know When Buying Gold claims

Posted by vijayvinson on January 16th, 2013

Are you in the market to buy Gold claims? The first and foremost thing to keep in mind is that there is nothing complicated about it, there are just a few things you need to know. Gold mines start out as a surveyed parcel. In British Columbia it’s usually a mineral tenure (for lode a.k.a hardrock mines) or placer tenure. Sometimes, these are converted to leases, when the owner applies for one they do so to process a much larger volume of materials that may have significant impact on the land.

Other mining claims and BC gold mines are held under Crown Grants and Land Grants. These are much older titles which were issued starting in the mid to late 1800’s. While many of these Crown Grants remain active today, other Crown Grants have forfeited, and prospectors have staked mineral or placer tenures over the formerly occupied area. These are known as claims covering reverted crown grants. Crown grants sometimes include the land, and sometimes simply mining rights for a certain mineral or all minerals.

You may find a gold claims and mining properties described as Patented or Unpatented. Normally, a claim is staked through a mining recorders office and starts out as a claim, concession or tenure. Sometimes, a claim owner will perform an extensive amount of work on the property, paying the annual mining taxes forward several years. Once a patent is applied for and approved, the claim becomes patented and no further work requirement is due, only a much smaller yearly tax requirement. At this point the property increases in value from a tax-maintenance point of view. For any unpatented mining claims, it’s usually wise to file as much work on the property as possible, to increase what’s known about the property and to potentially increase its value.

Due diligence is also necessary after evaluating the fitness of title and confirmation of status and ownership. Testing the property is equally important, and the seller should have no objection if you request a visit to inspect the property. When evaluating access prior to your visit, there’s wisdom in taking a portable GPS unit, preferably survey-grade if available, but even the GPS on your smart-phone will be tremendously useful in locating the property, finding major structures, access points, claim corners and areas of reported work at the BC gold mines and mining properties you wish to view. Printing several maps at various scales is just as important to cross reference.

A reliable vehicle and emergency plan will be prudent. Sometimes, tall mountain peaks can interfere with GPS satellites and communications, so a study of the areas topography can help outline areas where extra care must be taken. Interaction with wildlife can also play a part of your evaluation, so consider where your gold claims are located in an area where bears, moose, cougars and sometimes even wolverines have their habitats. Making a lot of noise can prevent an animal from responding adversely to an unexpected visit.

One of the best places to find the right BC gold mines is to search online. With these tips you may be able to find reputable sellers that offer some of the more promising claims. So, make sure to look online to find the right property, guidance and best claims prices.  A good seller will also take you through the process of buying the claim so that you don’t have any difficulty on your own.

There is no doubt about the benefits of buying Gold claims. Visit the website given here to find the best Bc gold mines where you just may strike a fortune.