[Code of Federal Regulations]

[Title 43, Volume 2]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 43CFR2720.2]



[Page 219]

 

                    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]