Section 11 AAC 86.430 - Prospecting sites located before August 20, 2000(a) A prospecting site located before August 20, 2000 may be extended once for a period of one year beyond the original expiration date by recording a notice of extension, in the recording district where the prospecting site is located, during the 90-day period before the prospecting site expires.(b) The notice of extension for a prospecting site located before August 20, 2000 must meet the recording requirements of 11 AAC 06.040 and must (1) contain the name and current mailing address of the locator;(2) contain the name and ADL number of the prospecting site being extended, and the (A) book and page number of the site's original recorded certificate of location; or(B) serial number of the site's original recorded certificate of location;(3) state why an extension is needed;(4) be signed by the locator or the locator's agent; and(5) indicate each meridian, township, range, section, and quarter-section in which the prospecting site is situated and the recording district in which the site is located.(c) A locator of a prospecting site located before August 20, 2000 may request further one-year extensions by submitting a written request to the director no later than 90 days before the expiration of the prospecting site. The request for extension must contain the information required under (b) of this section. The director may request that additional information be supplied to support the request for extension. The director will grant further extensions only under unusual circumstances.(d) If a further extension is granted by the director, the prospecting site locator shall, no later than 90 days after delivery of the notice of extension, record the notice in the recording district in which the site is located.(e) The amount of work required during the first year of extension of the prospecting site is $5 per acre. During each subsequent year of extension, the required work is $10 per acre.(f) If a prospecting site has been located before August 20, 2000 on state-selected land, and conveyance to the state occurs on or after that date, the rights, responsibilities, and conditions for acquisition and maintenance of the prospecting site are those applicable to sites located on and after August 20, 2000, as provided in AS 38.05.245, AS 38.05.265, and 11 AAC 86.422.Eff. 9/5/74, Register 51; am 5/30/85, Register 94; am 5/18/90, Register 114; am 1/19/2002, Register 161Authority:AS 38.05.020
AS 38.05.245