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Mining credits are parcels of land that can produce gold if developed. They must be purchased and are divided into three categories: millsite, lode, and placer. Valid claims must be developed and verified for mineral existence. Millsite claims are small and used to process ore, lode claims are larger and allow for deep digging, and placer claims cover a large area with flowing waterways. These claims can be developed further, sold, or remain intact as ownership is valid and documented. Many gold claims are still available for purchase in the United States.
Mining credits are parcels of land that have the potential to produce gold if the owner cultivates the land and any flowing waterways. In the past, prospectors physically backed these mining claims as part of colonizing the western United States. Currently, mining credits must be purchased like any other landed property; parcels are normally divided into three different categories according to size and characteristics: the millsite, the lode and the placer.
Valid and recognized mining claims must be developed by the applicant; mining or blasting for gold must be partially completed to verify that the mineral exists on the parcel. As a result of land development, the mine deed is claimed by the prospector and paid accordingly. At this point, the claim can be developed further, sold or remain intact as ownership is valid and documented. Many claims for gold are still available for purchase, such as in some mountainous regions of the United States or even as far north as Alaska.
Millsite mining claims are one of the smallest parcels of land available at approximately 5 acres (20,000m2). This type of claim is unique as it is mostly used to process ore into gold and other profitable minerals; the miner must have a constant supply of ore to have a successful crusher. Some miners work with other claim owners to bring more ore into the millsite claim for an agreed-upon fee.
Lode mining credits are larger than millsite types, measuring approximately 10 acres (40,500 m2). These claims are normally small as they are expected to have a large gold deposit concentrated deep in the ground; miners can only mine within the boundaries of this area. A major benefit of this type of claim is the ability to dig deep. Hypothetically, this statement can be dug to the center of the Earth to find the gold deposits; Property lines do not apply to depth of land.
Placer mining claims are the typical parcels of land seen in old historical images from the California Gold Rush era in the mid-1800s. This parcel of land normally covers a large area of land approximately 120 acres (486,000 m2) . The main benefit of this statement is its incorporation of a flowing body of water, such as a river or stream; miners can search for gold as it is removed from the surrounding rocks by the force of moving water. This large patch of land often allows the miner to work different areas of the body of water to find the most gold flakes.
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