[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR2720.2]

[Page 223]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 2720_CONVEYANCE OF FEDERALLY-OWNED MINERAL INTERESTS--Table of Contents
 
      Subpart 2720_Conveyance of Federally-Owned Mineral Interests
 
Sec. 2720.2  Determination that an exploratory program is not required.

    (a) In instances where available data indicate that there are no 
known mineral values in the land covered by the application, an 
exploratory program shall not be required.
    (b) The authorized officer will not require an exploratory program 
to ascertain the presence of mineral values where the authorized officer 
determines that a reasonable person would not make exploration 
expenditures with expectations of deriving economic gain from the 
mineral production.
    (c) The authorized officer will not require an exploratory program 
if the authorized officer determines that, for the mineral interests 
covered by the application, sufficient information is available to 
determine their fair market value.

[44 FR 1342, Jan. 4, 1979, as amended at 60 FR 12711, Mar. 8, 1995]