What Is a Placer Mine Claim?


Quick Answer

A placer claim is a mining claim that is not subject to a lode claim, or is not found or sourced from something like a vein or clearly defined area of material. A placer claim is limited in the size it can be, which is still much larger than the lode claim area.

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Full Answer

Placer claims are limited to 20 acres per locator. Each individual person is a placer, and they may combine claims to cover larger areas. Even with combined claims, however, a group of eight or more people may only have a total of 160 acres claimed. This only applies to private parties; corporations cannot claim more then a single 20 acre area. The exception to this is when a company is a co-locator with a private claim holder.

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