Gold Discovery FAQs

Why don’t the mining companies just file their own mining claims.
They do. The mining companies file mining claims all the time. However, the U. S. Mining Law allows any U. S. citizen or U. S. company in good standing to file for a mining claim. It is a matter of knowing where to file. This is where good geology comes into play and this is why we are unique in offering this opportunity.

Can I personally file a mining claim?
Yes. As mentioned above anyone qualified may file for mining claims but if you do not know what you are doing you probably should leave it to those who do. There are claims you will not want. There are no guarantees on any mining claim. So, we try to take as much guess work out of the process as possible and get the best mining claims we can.

Can I use the mining claims for anything I want?
No. The mining claims are for exploration for precious minerals. The mining claims are on public land and you are just claiming it for exploration and mining. You cannot use the surface except for mining related purposes.

How long are the mining claims valid?
Federal mining claims are valid from the time of filing with the BLM and paying the filing fees until the next September 1^st at which time a yearly rental fee has to be paid. On or before each subsequent September 1^st there is yearly rental fee of $175.00. Production does not tow the yearly charges as happens with oil and gas leases. There are no extensions on mining claims and if the rental fees are not paid timely the mining claims are lost.

Do you share in the royalties?
Yes. We share in the royalties and bonuses equally 50/50 with you. We have years of time, money and effort in prospecting and learning the geology in this area. Because of our expertise we feel we have the best opportunity to find the best mining claims. We are willing to share our expertise and experience with you for your participation in paying for the claims.

Are there any taxes on the mining claims?
Not taxes as such but yearly rental fees as mentioned above.

What other obligations do I have?
None beyond the upfront mining claim acquisition fee and the yearly rental fee. We help negotiate the agreements with a mining company and manage the mining claims for you at no further costs to you.

What are my tax consequences?
We do not offer any tax or legal advice. However, we believe the benefits to investors are quite attractive. There are usually expense deductions in the year the expenses payments are made and there may be depletion allowances for income received from the claims. Please consult with your tax and legal counsel to verify the current status of any tax benefits in your situation.

Do you offer any guarantees?
We guarantee we will use our best efforts to get you the most favorable mining claims based on the availability, funding and prospects at the time.

Do you stay in the deal to help?
Yes. We hold the mining claims title for you and as your representative we will receive any inquiries from mining companies. We will communicate any and all offers to you and we will negotiate the best deal for both of us. There will not be any charges or fees for this additional service.

What are your privacy policies?
We hold all client matters in the strictest of confidence. We will not divulge any information about you to anyone unless directed by a Court Order.

What are my chances of making money?
We believe there is gold in our Prospect Area. We assume gold is going to continue to be a valuable mineral in the decades to come. However, the mining business is extremely difficult and the likelihood of success is normally quite small. However, we feel we have an advantage of knowledge, experience and expertise that should reduce our risks considerable. Unfortunately nothing can be guaranteed or implied as a guarantee of success.

Do I make money when you find a mining company?
Normally, Yes. A mining company usually pays an upfront fee to drill on the mining claims. This money usually repays the costs of staking, filing and maintaining the mining claims. We will help negotiate this payment along with a royalty payment as part of our service.

Are there other mining opportunities in the U.S.?
Answer: Absolutely! The U. S. has many precious mineral opportunities yet to be discovered. In spite of all you may read about the difficulties in the mining industry, the U.S. is still a great place to do business. The western states are especially open and friendly to mining interest since they make much of their tax revenues from mining operations. Nevada is one of those states and we are fortunate to have our prospect in Nevada.

Can I buy more mining claims any time I want.
Yes. You can join our team and buy mining claims on a continuing basis. We will stake the best mining claims we can for you based on our best efforts.