300. The holder of an exploration permit shall be entitled to obtain for the duration thereof, without staking, mining leases for not more than one-tenth of the area covered by his permit, in the manner and on the conditions set out in Division X; but as regards alluvial deposits and rejected materials, the Government may allow a higher proportion.
1965 (1st sess.), c. 34, s. 272; 1977, c. 31, s. 26.