Where minerals have been found and the evidence is of such a character that a person of ordinary prudence would be justified in the further expenditure of his labor and means, with a reasonable prospect of success, in developing a valuable mine, the requirements... Alaska Reports - Page 5411906Full view - About this book
| United States. Congress. House. Committee on Appropriations - 1969 - 1424 pages
..."discovery," ie, whether a person of ordinary prudence would have been justified in the further expenditure of labor and means with a reasonable prospect of success in developing a valuable oil shale mine. The Government's position in the contest proceedings is that the state of technology... | |
| 1970 - 656 pages
...test", first stated in Castle v. Womble,. 19 LD 455 (1894), is expressed as " . . .where minerals have been found and the evidence is of such a character...mine, the requirements of the statute have been met." 73 Preceding page blank 14. Footnote 8, supra at § 97. 15. 1 American Law of Mining §2.4 (1964) .... | |
| Northcutt Ely - 1970 - 172 pages
...the establishment of a valid location. The discovery requirement is satisfied "where minerals have been found and the evidence is of such a character...reasonable prospect of success, in developing a valuable mine."9 In recent years, this prudent -man test of a discovery has been supplemented by a marketability... | |
| 1970 - 1112 pages
...the establishment of a valid location. The discovery requirement is satisfied "where minerals have been found and the evidence is of such a character...reasonable prospect of success, in developing a valuable mine."9 In recent years , this prudent-man test of a discovery has been supplemented by a marketability... | |
| United States. Tax Court - 1985 - 1036 pages
...requisite to the validity of a mining claim. The discovery need not be of commercial ore but should be of such a character that a person of ordinary prudence...prospect of success, in developing a valuable mine. A complete "exploration" sequence, itself, can be broken down into a number of separate stages. Progression... | |
| United States. Congress. House. Committee on Interior and Insular Affairs - 1976 - 876 pages
...location of a mining claim may be regarded as proven, where mineral is found and the evidence shows that a person of ordinary prudence would be justified...prospect of success in developing a valuable mine. The size of the vein, as far as disclosed, the quality and quantity of mineral it carries, its proximity... | |
| United States. Congress. House. Committee on Interior and Insular Affairs - 1976 - 118 pages
...location of a mining claim may be regarded as proven, where mineral is found and the evidence shows that a person of ordinary prudence would be justified...prospect of success in developing a valuable mine. But what "evidence" must the "prudent man" consider in evaluating his find? In 1912 the Interior Department... | |
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