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M-13.1 - Mining Act
Section 83.3
Disposition versions
83.3. The date of expiry of the exclusive exploration rights converted into map designated exclusive exploration rights shall be the date of expiry of the converted exclusive exploration rights. However, where an application for conversion concerns more than one exclusive exploration right held on contiguous parcels of land, the Minister shall fix the date of expiry of the exclusive exploration rights converted into map designated exclusive exploration rights by calculating, in the manner prescribed by regulation, the average unexpired portion of the terms of all the exclusive exploration rights to be converted.
The Minister shall also determine, for each of the parcels of land subject to the converted exclusive exploration rights, the minimum cost of the work required for the first renewal of the exclusive exploration rights following conversion by adding together the minimum cost of the work to be performed on all the parcels of land that are subject to the exclusive exploration rights to be converted and by allocating the resulting total minimum cost among the converted exclusive exploration rights in proportion to the respective area of each.
83.3. The date of expiry of the claims converted into map designated claims shall be the date of expiry of the converted claims. However, where an application for conversion concerns more than one claim held on contiguous parcels of land, the Minister shall fix the date of expiry of the claims converted into map designated claims by calculating, in the manner prescribed by regulation, the average unexpired portion of the terms of all the claims to be converted.
The Minister shall also determine, for each of the parcels of land subject to the converted claims, the minimum cost of the work required for the first renewal of the claims following conversion by adding together the minimum cost of the work to be performed on all the parcels of land that are subject to the claims to be converted and by allocating the resulting total minimum cost among the converted claims in proportion to the respective area of each.
