Section 11 AAC 86.250 - General principles for conversion of a traditional location to a converted MTRSC locationOne or more traditional mining claims or leasehold locations may be amended at any time to establish one or more converted MTRSC locations. The following rules apply to a conversion:
(1) all or part of a traditional location may be included in the converted MTRSC location; each converted MTRSC location must be supported by a discovery somewhere within its boundaries;(2) if only part of a traditional location is included in the converted MTRSC location, the remaining part may be either relinquished or relocated as an amended location;(3) a converted MTRSC location does not establish locatable mineral rights to an area outside the traditional location if that area is not open to location;(4) conversion of a traditional location to a converted MTRSC location is not complete unless the annual rental due on the traditional location for the year in which the conversion occurs is timely paid in full; the failure to timely pay the required rental on the traditional location results in abandonment of both the converted MTRSC location and traditional locations under AS 38.05.265.Eff. 1/19/2002, Register 161Authority:AS 38.05.020
AS 38.05.035
AS 38.05.195
AS 38.05.210
AS 38.05.211
AS 38.05.265