Canada Gold Mining Property Sale

    16 Oct

    Mining in Canada took place as early as 6000 years ago, but Canada’s wealth of gold was first discovered in the 1800s throughout different Canadian provinces including Quebec, Nova Scotia, Yukon, Ontario and British Columbia. The most infamous of these discoveries, in Yukon, lead to the Klondike Gold Rush. It is also called the Alaska Gold Rush or Yukon Gold Rush. Since its discovery, a total of approximately 12.5 million ounces of gold have been extracted from the banks of the Klondike River and the surrounding areas.

    Today Canada doesn’t just produce gold; it produces over 60 different metals and minerals. The most important ones in terms of profit for the country are gold, copper, iron zinc and nickel. These minerals, along with the others, make a huge contribution towards Canada’s economy as well as the standard of life there. For this reason there are countless gold mining properties for sale in Canada, with geologists, miners and engineers using new and advanced technology to explore the possibilities of more gold.

    Canada has its own rules regarding mining property sale and ownership. In the early 1900s, an individual could purchase the mining property, and this act would also mean that the surface rights were now owned by the individual, along with the mineral rights of the property. However, this is no longer the case. In modern day Canada, the government owns all mineral rights so they cannot be bought. An individual or company can lease mining property and mineral rights. The leasing of a mining property has its own regulations that need to be followed according to the territory in which the property is located.

    Once a mining property is leased, the prospector has to mark the areas in which he will be prospecting. A required amount of work must be done each year in order for the claim to remain valid. The claim becomes invalid if the defined amount of work is not met.

    In the Northwestern territories, a prospector’s license is required before any gold exploring or excavation can be carried out. In the remaining territories, exploring and prospecting can be implemented without a license. Most prospectors will want a license anyway because it is required in order to have the mining property claimed to protect any discoveries of gold that are made therein.

    Canadian laws pay plenty of attention to environmental and animal safety regarding the mining of gold. Mine effluent, or waste products, can easily affect fish and marine life if released into the water before their toxicity is removed. Thus there are strict regulations that investigate and monitor the quality of water being used, the purification process carried out before waste water is released into water bodies, and its subsequent impact on marine life. Each province exerts its own, specified rules over the mining properties found within its boundaries, and has the power over the operation of mines, as well as their closure for not heeding the required regulations.

    Similarly, there are stringent measures taken to ensure the health and safety of miners in these properties. Restrictions are also imposed on access to explosives. All these rules make mining properties in Canada safe and environmentally aware.