Minera Camargo S.A. de C.V.
Land Tenure Services
Mineral Land Tenure
Solid ownership of the Mineral Rights to a Property is fundamental to the success of any mining venture. We have access to a network of industry-recognized "Peritos Mineros" (Mining Experts/Surveyors) and Mining Lawyers to help us acquire the mineral rights to a Property either by staking or by negotiating with the owners.
Mexico's Mining Law is published on the Direccion General de Minas (DGM) website (http://www.economia-dgm.gob.mx) under Legislación Minera. Some important points regarding Mineral Tenure are:
- A claim is staked by building a post with minimum dimensions of 60 cm * 60 cm * 1 meter high. The post must be located within 3 km of the claim boundary, and may be inside or outside of the property. Alternatively, the unpainted face of an existing post may be used for a new claim. The outline of the property is defined in polar co-ordinates from the post location.
- Within 60 working days of filing the staking application, the official survey or "Trabajos Periciales" must be filed with the DGM.
- Formal title is usually received within 6 months of filing the Trabajos Periciales.
- Upon receipt of the formal title document, mining duties are paid to the government every six months in advance, and are calculated based on the surface area of the claim.
- There are minimum annual work requirements to keep the properties in good standing. These requirements are published on the DGM's Website under Solicitudes, Promociones y Informes.
Minera Camargo manages the Mexican Property Portfolios for the RNC Gold Inc. -
Northwestern Mineral Venture and International Croesus Ventures Corp. We also
manage our own properties.
Minera Camargo crew building the "Cabrel" post in the Bramador VMS District for International Croesus Ventures Corp. |
Post for Minera Camargo's "Cimarron" Property in the Sinaloa Gold Belt. |
This document maintained by
micheller@mineracamargo.com.
Material
Copyright © 2004 Minera Camargo