Considerations in the Search and Exploration for Minerals in British Columbia

Abstract

In the following article, Mr. Mackay discusses the acquisition and develop ment of mineral property under the provisions of the Mineral Act of British Columbia. The writer reviews three main types of agreements (and the more important terms of the various agreements) used for the acquisition of an "interest" in mineral claim. Financing is requisite of any exploration and development activity, and the author examines various sources of funds available for financing in the mining industry, concentrating on the most common method, incorporating company to take over the development of the mining property, with particular emphasis on the various procedural steps which must be followed before public offering can be made. Finally, Mr. Mackay briefly examines the problem of placing mineral property into commercial production.