Amended and Restated Mineral Exploration and Mining Lease Agreement
This Amended and Restated Mineral Exploration and Mining Lease Agreement (this "Agreement”) is made and entered into by and between Comstock Mining Inc., a Nevada corporation, and Tonogold Resources, Inc., a Delaware corporation.
RECITALS
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A.
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Comstock Mining Inc. is the owner of and in possession of certain patented and unpatented mining claims located in Storey County, Nevada, and controls
additional fee property, patented mining claims, and unpatented mining claims through lease agreements with third parties. Said claims are collectively called the “Properties”, and are further described in Exhibit E1, and the lease agreements are further described in Exhibit E2 attached to and by this reference incorporated in this Agreement.
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B.
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Comstock Mining Inc. (“Comstock”), Comstock
Mining LLC (the “Company”), and Tonogold Resources Inc. (“Tonogold”) entered into a Membership Interest Purchase Agreement (the “Purchase Agreement”), dated January 24, 2019 whereby Comstock is selling its membership interest in the Company to Tonogold.
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C.
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Tonogold (the “Lessee”) desires to lease the
mining claims, and Comstock (the “Lessor”) is willing to grant to Lessee certain rights to lease the Properties for the purposes of mineral
exploration, development, and eventual mining.
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D.
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This Agreement amends and restates that certain Mineral Exploration and Mining Lease Agreement between the Lessee and the Lessor that became effective
as of September 16, 2019.
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E.
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Lessee, at its expense, intends to explore the Property through geophysical surveys, geochemical sampling, and drilling, expending not less than $5
million in the first five year term (inclusive of $1 million that must be expended prior to the first anniversary of the effective date of this Agreement), and unless terminated, an additional $10 million in the second ten year term, and
unless terminated, an additional $5 million in the third five year term.
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F.
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In addition to any other fees payable under this Agreement, Lessee shall pay Lessor an amendment fee of $100,000 on or prior to December 18, 2019.
Lessor acknowledges receipt of this fee on December 4th, 2019.
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NOW THEREFORE, in consideration of their mutual promises, the parties agree as follows:
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1.
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Definitions: The following defined terms, wherever used in
this Agreement, shall have the meanings described below:
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1.1
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“Effective Date” shall mean September 16, 2019.
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1.2
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“Lessor” shall mean Comstock Mining Inc.
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1.3
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“Lessee” shall mean Tonogold Resources, Inc.
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1.4
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“Lease Year” shall mean each one (1) year period following the Effective Date and each anniversary of the Effective Date.
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1.5
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“Minerals” shall mean gold, silver, platinum, antimony, mercury, copper, lead, zinc, and all other mineral elements, mineral compounds and geothermal
resources, whether the same are known to exist on the Properties or are discovered on the Properties after the Effective Date and regardless of the method of extraction, mining or processing the same, whether known to exist or invented or
developed after the Effective Date.
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1.6
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“Properties” means the mining claims described in Exhibit E1 of this Agreement.
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1.7
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“Ore” shall mean all Minerals or other materials or substances from the Properties, the nature and composition of which, in the sole judgment of
Lessee justifies either (a) mining or removing from place and shipping and selling the same, or delivering the same to a processing plant for physical or chemical treatment; or (b) leaching in place.
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1.8
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“Product” shall mean: (a) all Ore shipped and sold prior to treatment; and (b) all concentrates, precipitates, fined metals, and any other valuable
minerals produced by or for Lessee from Ore.
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1.9
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“Net Smelter Return” or “NSR” shall mean all Revenues from the sales of Products produced from the Properties, less shipping and Refining Costs
pertaining to such Revenues for the applicable calendar quarter. The calculation of Net Smelter Returns shall be made in accordance with accounting principles and practices consistently applied in the mining industry in Nevada. For purposes
of this definition, “Refining Costs” means all costs and expenses of smelting and refining, including without limitation, all costs of assaying, sampling, custom smelting, and refining, all independent representative and umpire charges,
penalties, and other deductions, imposed or charged by the refinery or smelter, as the case may be. If smelting or refining is carried out in facilities owned or controlled by Lessee or its Affiliates, then the Refining Costs shall be the
amount Lessee would have incurred if such smelting or refining were carried out at facilities not owned or controlled by Lessee or its Affiliates then offering comparable services for comparable products on prevailing terms.
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1.10
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“NSR Royalty” means the amounts payable by Lessee to Lessor hereunder as provided in section 5.2.
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1.11
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“Revenues” means, for each sale of Products during the applicable period, the sum of actual prices of Products received multiplied by the quantity of
Products sold. If any Products are diverted by the Company for commemorative coinage or any other value-added use, the Revenue will be calculated using the spot price on a recognized exchange, on the date the Products are diverted.
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2.
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Grant of Lease and Uses:
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2.1
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Lease: Subject to the terms and conditions of this
Agreement and to the extent permitted by applicable federal, state and local laws regulations and ordinances, Lessor agrees to lease the Properties to Lessee for mineral exploration and development, and the production, removal and sale of all
Minerals, substances, metals, ore-bearing materials and rocks of every kind.
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2.2
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Uses: Lessee is granted the right, insofar as Lessor may
lawfully grant the right, to use the Properties, including but without being, limited to, the full right, authority and privilege of placing and using drill holes, excavations, open pit mines, openings, shafts, ditches and drains, and of
constructing, erecting, maintaining, and using all buildings, structures, plants, roadways, pumps, pipelines, electrical power lines and facilities, stockpiles, waste plies, and all other improvements, property and fixtures for mining or
removing Ores, Minerals or Product, or for any incidental activities, whether presently contemplated or known to be used in the exploration, development, and mining of Minerals.
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2.3
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Third Party Leases: With respect to the third party leases,
(a) Lessor grants only those rights explicitly enumerated in the respective leases, which are attached to this Agreement by reference, (b) Lessee agrees to comply with all conditions of such third party leases, and agrees to take all required
actions to maintain the leases in good standing, and to take no action which would result in the termination of such leases by the third party owner and (c) Lessee acknowledges that some of the third party leases may expire prior to the
termination date of this Agreement. In such cases, the Parties agree to work together with the underlying owner to obtain a lease renewal on mutually acceptable terms. If acceptable terms for a renewal cannot be reached, the Parties agree
to remove the corresponding portion of the Properties from this Agreement.
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3.
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Relationship of the Parties:
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3.1
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No Partnership: This Agreement shall not be deemed to
constitute any party, in its capacity as such, the partner, agent or legal representative of any other party, or to create any partnership mining partnership or other partnership or other partnership relationship, or fiduciary relationship
between them for any purpose whatsoever.
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3.2
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Competition: Except as expressly provided in this
Agreement, each party shall have the free and unrestricted right independently to engage in and receive the full benefits of any and all business endeavors of any sort whatsoever outside the Properties or outside the scope of this Agreement,
whether or not competitive with the endeavors contemplated herein, without consulting the other or inviting or allowing the other therein. In particular, without limiting the foregoing, neither party to this Agreement shall have any
obligation to the other as to any opportunity to acquire any money, property, interest or right offered to it outside the scope of this Agreement.
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4.
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Term: The term of this Agreement shall be from the
Effective Date and,
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4.1
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for five (5) years (the “Exploration Term")
unless terminated or canceled pursuant to the terms of this Agreement. During the Exploration Term, Lessee commits to total expenditures of at least $5 million for exploration (“Exploration Expenditures”), at the rate of $1 million per year on a cumulative basis, and also commits to publishing a 43-101 compliant technical report no later than the fifth anniversary of the
Effective Date. For clarity the cumulative basis means that $1 million must be expended prior to the first anniversary of the Effective Date, with any expenditures beyond $1 million applying to the commitment for the second year, and so on
for each successive year; and
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4.2
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following the Exploration Term this Agreement shall automatically renew for an additional term of ten (10) years (“the Development Term”) at the end of the Exploration Term, so long as the commitments during the Exploration Term have been met. During the Development Term, Lessee
commits to total cumulative expenditures for exploration, development and technical reporting of at least $15 million (inclusive of the Exploration Expenditures) at the rate of $1 million per year on a cumulative basis (“Development Expenditures”), and also commits to producing an economically viable mine plan, documented by an NI 43-101 compliant
Pre-Feasibility Report (or similar), published no later than the fifteenth anniversary of the Effective Date; and
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4.3
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following the Development Term this Agreement shall automatically renew for an additional term of five (5) years ("the Planning Term") at the end of the Development Term, so long as
the commitments during the Development Term have been met. During the Planning Term, Lessee commits to cumulative expenditures for exploration, development, permitting, and technical reporting of at least $20 million (inclusive of the
Development Expenditures at the rate of $1 million per year on a cumulative basis, and also commits to producing an economically viable mine plan, documented by at least an NI 43-101 compliant Feasibility Report, (or similar), published no
later than the twentieth anniversary of the Effective Date, and will produce a mutually agreed-upon schedule for placing the Properties into production; and
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4.4
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so long as Lessee has documented cumulative exploration and engineering expenditures by the end of the Planning Term of at least $20 million and
Lessee has created an economically viable mine plan documented by an NI 43-101 compliant Feasibility report (or similar), and mutually agreed-upon schedule, for as long following the Planning Term as development and permitting activities
continue in compliance with a mutually agreed-upon schedule, or so long as minerals are produced from the Properties or from other lands adjacent to or in the vicinity of the Properties (the “Extended Term”). During the Extended Term, operations shall be deemed conducted on a continuous basis unless and until a period of 180 consecutive days elapses in which no exploration,
development, mining, or processing operations are conducted on the Properties or nearby lands, excluding periods of force majeure.
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4.5
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The expenditure commitments outlined in this Section 4 will be extended at the request of the Lessee in the event that the various third party leases
identified in Exhibit E2 have expired. Lessor shall use its best endeavors to negotiate with third party lessors to ensure the third party leases are compliantly and timely renewed and extended in a long-lived fashion, with extended terms of
at least five years in each case.
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5.
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Payments: Lessee shall make the following payments to
Lessor,
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5.1
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Lease Fee. Lessee shall pay Lessor a quarterly lease fee of
$10,000 in advance. The lease fee will escalate 10% each year, on the anniversary date of this Agreement.
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5.2
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Carrying Costs. Lessee shall pay or reimburse to Lessor
all costs of owning the Properties, and all costs of maintaining the third party leases, including property taxes, annual claim fees, environmental compliance, third party lease payments and advance royalties, and any drilling or spending
commitments for the third party leases. An estimate of these costs is attached as Exhibit E3 (the “Estimated Annual Costs”).
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5.3
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NSR Royalty: In addition, Lessee shall pay to Lessor a
royalty at the rate of 3% of the Net Smelter Returns from the Properties (the “Initial NSR Royalty”). After the first anniversary of Lessee
commencing mining operations, the Initial NSR Royalty shall be reduced to 1.5% of the Net Smelter Returns from the Properties (the “Subsequent NSR
Royalty”). The Initial NSR Royalty and Subsequent NSR Royalty shall be paid no later than 30 days after the end of each calendar quarter in which Products have been sold. To be clear, this Initial NSR Royalty and Subsequent NSR
Royalty is in addition to any royalties required by the third party leases, or other royalties that are recorded with the titles to any of the Properties. Lessee will be responsible for timely paying all such third party royalties directly.
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5.4
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Method of Payment: All payments made by Lessee to Lessor
shall be paid by wire transfer of immediately available funds to an account designated by Lessor.
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5.5
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Audit: Lessor or its authorized agents shall have the right
to audit and inspect Lessee’s accounts and records used in calculating the Net Smelter Return, which right may be exercised as to each payment at any reasonable time during a period of ninety (90) days from the date on which the payment was
made by Lessee. If no such audit is performed during such period, such accounts, records and payments shall be conclusively deemed to be true, accurate and correct.
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5.6
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Assignment: If Lessee transfers any of its rights under
this agreement, Transferee shall pay to Lessor a transfer fee of $100,000 and will assume the quarterly lease fees as listed in Section 5.1 and will assume the un-met portion of the expenditure commitments listed in Sections 4.1 through 4.3.
The successor lessee will be responsible for the cost reimbursements to Lessor by Lessee, shown in Exhibit E3. Any assignment shall be subject to Section 24 below.
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6.
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Compliance with the Law: The exercise by Lessee of any
rights, privileges, grants and uses under this Agreement shall conform at all times with the applicable laws and regulations of the state in which the Properties are situated and the United States of America Lessee shall be fully responsible
for compliance with all applicable federal, state and local reclamation statutes, regulations and ordinances relating to such work, all at Lessee’s cost, and Lessee shall indemnify and hold harmless Lessor from any and all claims,
assessments, fines and actions arising from Lessee’s failure to perform the foregoing obligations. Lessor agrees to cooperate with Lessee in Lessee’s application for governmental licenses, permits and approvals, the costs of which shall be
borne by Lessee.
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7.
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Mining Practices; Inspection of Data Reports; Insurance:
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7.1
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Mining Practices: Lessee shall work the Properties in a
miner-like fashion.
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7.2
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Inspection of Data and Reporting: During the term of this
Agreement, (a) Lessor shall have the right to examine reports and data regarding the Properties in Lessee’s possession during reasonable business hours and upon prior notice, provided, however, that the rights of Lessor to examine such data
shall be exercised in a manner such that inspection does not unreasonably interfere with the operations of Lessee; (b) no less frequently than once per Lease Year, Lessee shall provide a report on exploration activities on the Properties, and
a complete copy of all drilling data, maps, surveys and other exploration results obtained during that period, as well as documentation for all exploration, permitting, and development expenditures; and upon the termination of this Agreement,
Lessee shall provide a final report of its activities on the Properties, and shall surrender all data on the Properties then in its possession.
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7.3
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Insurance: Lessee shall obtain and maintain all worker’s
compensation insurance as required by state law, as well as liability insurance and policies of insurance against risks in amounts customarily obtained in similar mining operations and shall furnish Lessor proof of insurance prior to the
commencement of any operations. Lessee shall, at Lessee’s expense, during the term of this Agreement and any extension thereof, obtain and maintain insurance which insures the Properties for public liability in amounts not less than those set
out by the State of Nevada and amounts reasonably satisfactory to Lessor, naming Lessor as an additional insured and protecting against all claims, demands, actions, suits or causes of action and judgments, settlements or recoveries, for
bodily injury, death or property damage arising out of Lessee’s use or occupancy of or operations conducted upon the Properties. Lessee agrees to provide Lessor with a certificate of insurance. The companies issuing such policies shall also
be required to furnish the Lessor written notice thirty (30) days prior to cancellation, termination, or other change of any such insurance. The Lessor shall periodically review the level of the indemnification insurance and may require the
amount of such insurance to be increased or decreased to reflect changes in risk exposure.
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7.4
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Reclamation: The exercise by Lessee of any rights,
privileges, grants and uses under this Agreement shall conform at all times with the applicable laws and regulations of Storey County, the state of Nevada and the United States of America. Lessee shall be fully responsible for compliance with
all applicable federal, state and local reclamation statutes, regulations and ordinances relating to such work, all at Lessee’s cost, and Lessee shall indemnify and hold harmless Lessor from any and all claims, assessments, fines and actions
arising from Lessee’s failure to perform the foregoing obligations. This obligation will survive the termination of this Agreement until such time as all reclamation requirements have been met in full.
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7.5
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Bonding: Lessee is required to carry bonding in the amount
determined by regulatory authorities for each area to be bonded. Lessee may qualify for self-bonding if the Lessee meets the requirements of C.F.R. Title 30 § 800.23 and any additional requirements in the State or Federal program.
Alternatively, Lessee may support its reclamation bonding requirements through third-party bonding facilities.
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8.
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Production Records: Lessee shall keep accurate records of
the sale or shipment of Product from the Properties, and these records shall be available for inspection and copying by Lessor at all reasonable times.
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9.
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Liens and Notices of Non-Responsibility: Lessor and Lessee
agree to keep the Properties at all times free and clear of all liens, charges and encumbrances of any and every nature and description done, made or caused by them, and to pay all indebtedness and liabilities incurred by or for them which
may or might become a lien, charge or encumbrance against the Properties before such indebtedness or liability shall become a lien, charge or encumbrance. For clarity, Lessee acknowledges that this does not apply to the current GF Comstock 2,
LP debenture.
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10.
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Taxes:
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10.1
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Real Property Taxes: Lessee shall pay promptly before
delinquency all taxes and assessments, general, special, ordinary and extraordinary, that may be levied or assessed during the term of the Agreement, and upon the Properties then remaining subject to this Agreement. All such taxes for the
year in which this Agreement is executed, and for the year in which this Agreement terminates, shall be prorated between Lessor and Lessee, except that neither Lessor nor Lessee shall be responsible for the payment of any such taxes which are
based upon revenues income or production from the Properties assessed solely to the other party. Lessee always shall have the right to contest, in the courts or otherwise, in its own name or in the name of Lessor, the validity or amount of
any such taxes or assessments if it deems the same unlawful, unjust, unequal or excessive, or to take such other steps or proceedings as it may deem necessary to secure a cancellation, reduction, readjustment or equalization thereat before it
shall be required to pay the same. Lessee shall upon request furnish to Lessor copies of receipts or proof of payment for all such taxes and assessments when paid
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10.2
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Delivery of Tax Notices: If Lessor receives tax bills or
claims which are Lessee’s responsibility, Lessor shall promptly forward them to Lessee for appropriate action.
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11.
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Inspection: Lessor, or Lessor’s duly
authorized representatives, shall be permitted to enter on the Properties, and the workings of Lessee thereon at all reasonable times for the purpose of inspection. Lessor shall have the right to take samples of material from the Properties
for the purpose of assuring proper and accurate determination and payment of the Smelter Return, but it shall enter on the Properties at its own risk, and in such a manner as not to unreasonably hinder, delay or interfere with the operations
of Lessee. Lessor shall indemnify and hold Lessee harmless from any and all damages, claims or demands arising out of injury to Lessor, Lessor’s agents or representatives, or any of them, on the Properties or on the approaches thereto.
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12.
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Termination by Lessor: In the event of
any material default or failure by Lessee to comply with any of the covenants, terms or conditions of this Agreement, Lessor shall be entitled to give Lessee written notice of the default, specifying details of the same. If such default is
not remedied within thirty (30) days after receipt of the notice, then this Agreement shall be deemed canceled and terminated effective on the thirtieth (30th) day after the receipt of the notice.
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13.
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Termination by Lessee: Lessee may at any
time terminate this Agreement by giving written notice to Lessor. On or promptly after delivery of the notice of termination, Lessee shall execute and deliver to Lessor a written release of this Agreement in proper form for recording. If
Lessee terminates this Agreement, Lessee shall still be required to pay any reclamation or regulatory expenditures or liabilities accruing prior to the termination date, which shall be the date Lessee’s notice is delivered. On expiration,
termination or surrender of this Agreement, Lessee shall return the Properties, or any part of the Properties surrendered, in a state of compliance with applicable laws, regulations and ordinances of any governmental agency or authority
having jurisdiction of the Properties. If Lessee’s compliance is incomplete at such time, Lessee shall diligently take the actions necessary to complete compliance.
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14.
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Removal of Equipment: Lessee shall have
six (6) months after termination of this Agreement to remove from the Properties all buildings, structures and equipment placed on the Properties by Lessee, and to restore or diligently act to restore the Properties to an environmentally
acceptable state as may be required by local, state or federal authorities. Any buildings, structures or equipment, including personal property, remaining on the Properties after the time described in this Section shall be deemed to be owned
by Lessor with no further action or the part of the parties.
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15.
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Data: Within thirty (30) days after the
termination of this Agreement, Lessee deliver to Lessor a copy of all reports and data relating to the Properties. Lessee shall have no liability on account of any such information received or acted on by Lessor or any other party to whom
Lessor delivers such information.
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16.
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Confidentiality: The data and
information, including the terms of this Agreement, coming into the possession of Lessor by virtue of this Agreement, shall be deemed confidential, and shall not be disclosed to outside third parties except as may be required to publicly
record or protect title to the Properties, or to publicly announce and disclose information under the laws and regulations of the United States, any state or local government or any country, or under the rules and regulations of any stock
exchange on which stock of any party, or the parent or affiliates of any party, is listed. Lessor agrees, with respect to any public announcements (other than those exceptions set forth in the preceding sentence), including the announcement
of the execution of this Agreement, if any, to inform Lessee of the contents of the announcement or disclosure in advance of its intention to make such announcement in sufficient time to permit Lessee to jointly or simultaneously make a
similar public announcement or disclosure if the other party so desires, except that in the event any party anticipates selling or assigning all or a portion of its interest or negotiations to procure loans from third parties are undertaken,
such party shall have the right to furnish information to the party to whom such conveyance or assignment is anticipated, or with whom such negotiations or cans are under-taken, upon obtaining from such party agreement to hold confidential
any information so furnished. Nothing in this Agreement shall limit or restrict the right of Lessee to provide, deliver or release to parent companies, companies with a common parent, subsidiary companies, affiliated or related companies
and/or coventurers the data and information, including the terms of this Agreement, coming into the possession of Lessee by virtue of this Agreement.
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17.
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Notices: All notices shall be in writing
to the applicable address set forth below and shall be given by personal delivery or recognized international overnight courier. All notices shall be effective and shall be deemed delivered on the date of delivery if delivered before 5:00
p.m. local destination time on a business day, otherwise on the next business day after delivery. Each party will send a copy of their notice by email, as a courtesy, but the notice will not be valid until delivered in writing. Any notice
delivered by email shall only be deemed to be official notice hereunder if the Party receiving such email confirms receipt in writing.
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To Lessee: Tonogold Resources,
Inc.,
5666 La Jolla Boulevard, #315, La Jolla, CA 92037
Email: mjashley3@gmail.com
To Lessor: Comstock Mining Inc.
1200 American Flat Road, PO Box 1118, Virginia City, NV 89440
Email: DeGasperis@comstockmining.com
Each party may change its address from time to time by notice given in the manner described above
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18.
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Binding Effect of Obligations: This
Agreement shall be binding upon and inure to the benefit of the respective parties and their heirs, successors and assigns.
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19.
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Whole Agreement: The parties agree that
the whole agreement between them is written in this Agreement, and in a memorandum of agreement of even date which is intended to be recorded. There are no terms or conditions, express or implied, other than expressly stated in this
Agreement. This Agreement may be amended or modified only by an instrument in writing, signed by the parties with the same formality as this Agreement.
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20.
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Governing Law: This Agreement shall be
construed and enforced in accordance with the laws of the State of Nevada.
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21.
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Multiple Counterparts: This Agreement
may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which shall constitute the same Agreement.
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22.
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Severability: If any part, term or
provision of this Agreement is held by a court of competent jurisdiction to be illegal or in conflict with any law of the United States or any state, the validity of the remaining portions or provisions shall not be affected and the rights
and obligations of the parties shall be construed and enforced as if the Agreement did not contain the particular part, term or provision held to be invalid.
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23.
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Bankruptcy or Insolvency Proceedings by Lessee:
If Lessee be adjudged bankrupt or insolvent, or shall make an assignment for benefit of creditors, this Agreement shall thereupon immediately terminate, and t being further understood and agreed that this Agreement shall not be assignable by
any process of law, nor be treated as an asset of Lessee in any bankruptcy or insolvency proceedings; nor shall it pass under the control of any trustee or assignee of Lessee by virtue of any proceedings in bankruptcy or insolvency, or under
any assignment by Lessee for the benefit of creditors.
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24.
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Assignment: Upon providing written
notice to the other party in accordance with the terms of this Agreement, either party may assign its respective rights and obligations under this Agreement, provided that the assignee executes an assumption of all of the assignor’s
obligations hereunder and agrees to be bound by all the terms and conditions of this Agreement. No such assignment shall in any way enlarge or diminish the right or obligations of Lessee or Lessor hereunder. Upon the assumption by the
assignee of the assignor’s obligations, the assigning party shall be fully released from, and shall not be liable or responsible to the non-assigning party in any way for any duties, costs, payments or other liabilities or obligations that
thereafter arise or accrue directly or indirectly under this Agreement. A fully executed memorandum of assignment in recordable form shall be provided to the non-assigning party by the assigning party.
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25.
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Liens, Encumbrances and Charges: Lessor
shall not, now or hereafter, create, incur, allow, or suffer any lien, claim or encumbrance on any of the Properties or Products.
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26.
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Expanded Royalty Area: Lessee agrees
that, during the term of this Agreement and for thirty (30) months thereafter, if Lessee purchases, stakes, or leases additional properties (the “Additional Properties”) within a certain area of Storey County surrounding the Properties known
as the “Expanded Royalty Area”, and Lessee decides to sell or otherwise dispose of any of these Additional Properties, Lessee hereby grants Lessor with a right of first refusal to purchase such Additional Properties from Lessee for the same
price and upon the same terms that Lessee intends to sell to any third party.
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IN WITNESS WHEREOF, the parties hereto have executed this
Agreement as of the Effective Date.
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TONOGOLD RESOURCES, INC.
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By: /s/ Mark Ashley
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Name: Mark Ashley
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Title: Chief Executive Officer
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COMSTOCK MINING INC.
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By: /s/ Corrado DeGasperis
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Name: Corrado DeGasperis
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Title: Executive Chairman and CEO
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Exhibit E1 – “Properties”
(Mineral Exploration and Mining
Lease Agreement)
The following patents, fee land, and unpatented mining claims are included in the Mineral Exploration and Mining Lease Agreement, and are shown in Figure E1,
below.
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E1.1: CMI-Owned Properties Included in Mineral Lease
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|||||||
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Parcel No
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Description
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Current Owner
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TYPE
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Acres
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County
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Underlying
NSR % |
Underlying
Royalty Owner |
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800-002-11
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Red Wing
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Comstock Northern Exploration LLC
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Patent
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8.3
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Storey
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0%
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None
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800-001-21
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Dean
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Comstock Northern Exploration LLC
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Patent
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10.7
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Storey
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4.15%
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Obester 2
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800-001-25
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East North-Occidental
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Comstock Northern Exploration LLC
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Patent
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11.6
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Storey
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4.15%
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Obester 2
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800-001-26
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Edwards
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Comstock Northern Exploration LLC
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Patent
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18.5
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Storey
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4.15%
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Obester 2
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800-001-10
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North Occidental (New Brunswick)
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Comstock Northern Exploration LLC
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Patent
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7.3
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Storey
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4.15%
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Obester 2
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800-001-68
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Occidental (Brunswick)
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Comstock Northern Exploration LLC
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Patent
|
7.8
|
Storey
|
4.15%
|
Obester 2
|
|
800-001-24
|
South Occidental
|
Comstock Northern Exploration LLC
|
Patent
|
20.6
|
Storey
|
4.15%
|
Obester 2
|
|
E1.2: CMI-Owned Unpatented Claims Included in Mineral Lease
|
|||||||
|
BLM No
|
Description
|
Current Owner
|
TYPE
|
Acres
|
County
|
Underlying
NSR % |
Underlying
Royalty Owner |
|
NMC1000132
|
Omaha Fraction #11
|
Comstock Northern Exploration LLC
|
Lode
|
1.12
|
Storey
|
0
|
None
|
|
NMC1000133
|
Omaha Fraction #12
|
Comstock Northern Exploration LLC
|
Lode
|
0.36
|
Storey
|
0
|
None
|
|
NMC1000134
|
Omaha Fraction #13
|
Comstock Northern Exploration LLC
|
Lode
|
1.08
|
Storey
|
0
|
None
|
|
NMC1000135
|
Omaha Fraction #14
|
Comstock Northern Exploration LLC
|
Lode
|
1.41
|
Storey
|
0
|
None
|
|
NMC1000136
|
Omaha Fraction #17
|
Comstock Northern Exploration LLC
|
Lode
|
2.7
|
Storey
|
0
|
None
|
|
NMC1000138
|
Omaha Fraction #19
|
Comstock Northern Exploration LLC
|
Lode
|
2.33
|
Storey
|
0
|
None
|
|
NMC1000139
|
Omaha Fraction #20
|
Comstock Northern Exploration LLC
|
Lode
|
0.02
|
Storey
|
0
|
None
|
|
NMC1000140
|
Omaha Fraction #21
|
Comstock Northern Exploration LLC
|
Lode
|
0.74
|
Storey
|
0
|
None
|
|
NMC1000141
|
Omaha Fraction #22
|
Comstock Northern Exploration LLC
|
Lode
|
3.41
|
Storey
|
0
|
None
|
|
NMC1000142
|
Omaha Fraction #23
|
Comstock Northern Exploration LLC
|
Lode
|
1.5
|
Storey
|
0
|
None
|
|
NMC1000143
|
Omaha Fraction #24
|
Comstock Northern Exploration LLC
|
Lode
|
0.53
|
Storey
|
0
|
None
|
|
NMC1003426
|
Loring 1
|
Comstock Northern Exploration LLC
|
Lode
|
11.05
|
Storey
|
0
|
None
|
|
NMC1003427
|
Loring 2
|
Comstock Northern Exploration LLC
|
Lode
|
18.76
|
Storey
|
0
|
None
|
|
NMC1003428
|
Loring 3
|
Comstock Northern Exploration LLC
|
Lode
|
18.68
|
Storey
|
0
|
None
|
|
NMC1003429
|
Loring 4
|
Comstock Northern Exploration LLC
|
Lode
|
18.94
|
Storey
|
0
|
None
|
|
NMC1003430
|
Loring 5
|
Comstock Northern Exploration LLC
|
Lode
|
15.61
|
Storey
|
0
|
None
|
|
NMC1003431
|
Loring 6
|
Comstock Northern Exploration LLC
|
Lode
|
9.11
|
Storey
|
0
|
None
|
|
NMC1003432
|
Loring 7
|
Comstock Northern Exploration LLC
|
Lode
|
1.56
|
Storey
|
0
|
None
|
|
NMC1003433
|
Loring 8
|
Comstock Northern Exploration LLC
|
Lode
|
1.7
|
Storey
|
0
|
None
|
|
NMC1003434
|
Loring 9
|
Comstock Northern Exploration LLC
|
Lode
|
1.96
|
Storey
|
0
|
None
|
|
NMC1003435
|
Loring 10
|
Comstock Northern Exploration LLC
|
Lode
|
20.72
|
Storey
|
0
|
None
|
|
NMC1003436
|
Loring 11
|
Comstock Northern Exploration LLC
|
Lode
|
20.68
|
Storey
|
0
|
None
|
|
NMC1003437
|
Loring 12
|
Comstock Northern Exploration LLC
|
Lode
|
20.7
|
Storey
|
0
|
None
|
|
NMC1003438
|
Loring 13
|
Comstock Northern Exploration LLC
|
Lode
|
20.69
|
Storey
|
0
|
None
|
|
NMC1003439
|
Loring 14
|
Comstock Northern Exploration LLC
|
Lode
|
20.69
|
Storey
|
0
|
None
|
|
NMC1003440
|
Loring 15
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1003441
|
Loring 16
|
Comstock Northern Exploration LLC
|
Lode
|
20.72
|
Storey
|
0
|
None
|
|
NMC1003442
|
Loring 17
|
Comstock Northern Exploration LLC
|
Lode
|
20.62
|
Storey
|
0
|
None
|
|
NMC1003443
|
Loring 18
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1003444
|
Loring 19
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1003445
|
Loring 20
|
Comstock Northern Exploration LLC
|
Lode
|
20.58
|
Storey
|
0
|
None
|
|
NMC1003446
|
Loring 21
|
Comstock Northern Exploration LLC
|
Lode
|
13.87
|
Storey
|
0
|
None
|
|
NMC1003447
|
Loring 22
|
Comstock Northern Exploration LLC
|
Lode
|
6.62
|
Storey
|
0
|
None
|
|
NMC1015691
|
West Lode 203
|
Comstock Northern Exploration LLC
|
Lode
|
16.31
|
Storey
|
0
|
None
|
|
NMC1015692
|
West Lode 204
|
Comstock Northern Exploration LLC
|
Lode
|
10.44
|
Storey
|
0
|
None
|
|
NMC1015693
|
West Lode 205
|
Comstock Northern Exploration LLC
|
Lode
|
4.57
|
Storey
|
0
|
None
|
|
NMC1015696
|
West Lode 223
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1015697
|
West Lode 224
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1015698
|
West Lode 225
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1015699
|
West Lode 226
|
Comstock Northern Exploration LLC
|
Lode
|
19.15
|
Storey
|
0
|
None
|
|
NMC1015700
|
West Lode 227
|
Comstock Northern Exploration LLC
|
Lode
|
13.51
|
Storey
|
0
|
None
|
|
NMC1015701
|
West Lode 228
|
Comstock Northern Exploration LLC
|
Lode
|
7.64
|
Storey
|
0
|
None
|
|
NMC1015702
|
West Lode 229
|
Comstock Northern Exploration LLC
|
Lode
|
1.88
|
Storey
|
0
|
None
|
|
NMC1015703
|
West Lode 243
|
Comstock Northern Exploration LLC
|
Lode
|
15.3
|
Storey
|
0
|
None
|
|
NMC1015704
|
West Lode 244
|
Comstock Northern Exploration LLC
|
Lode
|
13.58
|
Storey
|
0
|
None
|
|
NMC1015705
|
West Lode 245
|
Comstock Northern Exploration LLC
|
Lode
|
18.88
|
Storey
|
0
|
None
|
|
NMC1015706
|
West Lode 246
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1015707
|
West Lode 247
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1015708
|
West Lode 248
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1015709
|
West Lode 249
|
Comstock Northern Exploration LLC
|
Lode
|
20.56
|
Storey
|
0
|
None
|
|
NMC1015710
|
West Lode 250
|
Comstock Northern Exploration LLC
|
Lode
|
16.57
|
Storey
|
0
|
None
|
|
NMC1015711
|
West Lode 263
|
Comstock Northern Exploration LLC
|
Lode
|
12.42
|
Storey
|
0
|
None
|
|
NMC1015712
|
West Lode 264
|
Comstock Northern Exploration LLC
|
Lode
|
7.23
|
Storey
|
0
|
None
|
|
NMC1015713
|
West Lode 265
|
Comstock Northern Exploration LLC
|
Lode
|
15.28
|
Storey
|
0
|
None
|
|
NMC1015714
|
West Lode 266
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1015715
|
West Lode 267
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1015716
|
West Lode 268
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1015717
|
West Lode 269
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1015718
|
West Lode 270
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC1093920
|
Redwing Fraction
|
Comstock Northern Exploration LLC
|
Lode
|
5.88
|
Storey
|
0
|
None
|
|
NMC704516
|
Overman 1
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC821735
|
Comstock #7
|
Comstock Northern Exploration LLC
|
Lode
|
18.89
|
Storey
|
0
|
None
|
|
NMC821736
|
Comstock #8
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC821737
|
Comstock #9
|
Comstock Northern Exploration LLC
|
Lode
|
20.51
|
Storey
|
0
|
None
|
|
NMC821739
|
Comstock #11
|
Comstock Northern Exploration LLC
|
Lode
|
18.8
|
Storey
|
0
|
None
|
|
NMC821742
|
Comstock #14
|
Comstock Northern Exploration LLC
|
Lode
|
9.15
|
Storey
|
0
|
None
|
|
NMC821743
|
Comstock #15
|
Comstock Northern Exploration LLC
|
Lode
|
3.33
|
Storey
|
0
|
None
|
|
NMC821744
|
Comstock #16
|
Comstock Northern Exploration LLC
|
Lode
|
19.47
|
Storey
|
0
|
None
|
|
NMC871492
|
Comstock 115
|
Comstock Northern Exploration LLC
|
Lode
|
2.84
|
Storey
|
0
|
None
|
|
NMC871493
|
Comstock 116
|
Comstock Northern Exploration LLC
|
Lode
|
18.57
|
Storey
|
0
|
None
|
|
NMC871494
|
Comstock 117
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC871495
|
Comstock 118
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC871498
|
Comstock 121
|
Comstock Northern Exploration LLC
|
Lode
|
19.3
|
Storey
|
0
|
None
|
|
NMC871499
|
Comstock 122
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC871500
|
Comstock 123
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC871501
|
Comstock 124
|
Comstock Northern Exploration LLC
|
Lode
|
18.54
|
Storey
|
0
|
None
|
|
NMC983353
|
Comstock Lode 100
|
Comstock Northern Exploration LLC
|
Lode
|
16.2
|
Storey
|
0
|
None
|
|
NMC983354
|
Comstock Lode 101
|
Comstock Northern Exploration LLC
|
Lode
|
6.11
|
Storey
|
0
|
None
|
|
NMC983355
|
Comstock Lode 102
|
Comstock Northern Exploration LLC
|
Lode
|
15.9
|
Storey
|
0
|
None
|
|
NMC983356
|
Comstock Lode 103
|
Comstock Northern Exploration LLC
|
Lode
|
0.77
|
Storey
|
0
|
None
|
|
NMC983357
|
Comstock Lode 104
|
Comstock Northern Exploration LLC
|
Lode
|
16.2
|
Storey
|
0
|
None
|
|
NMC983358
|
Comstock Lode 105
|
Comstock Northern Exploration LLC
|
Lode
|
17.2
|
Storey
|
0
|
None
|
|
NMC983359
|
Comstock Lode 106
|
Comstock Northern Exploration LLC
|
Lode
|
10.45
|
Storey
|
0
|
None
|
|
NMC983360
|
Comstock Lode 107
|
Comstock Northern Exploration LLC
|
Lode
|
12.66
|
Storey
|
0
|
None
|
|
NMC983361
|
Comstock Lode 108
|
Comstock Northern Exploration LLC
|
Lode
|
3.56
|
Storey
|
0
|
None
|
|
NMC983362
|
Comstock Lode 109
|
Comstock Northern Exploration LLC
|
Lode
|
2.31
|
Storey
|
0
|
None
|
|
NMC983363
|
Comstock Lode 110
|
Comstock Northern Exploration LLC
|
Lode
|
19.24
|
Storey
|
0
|
None
|
|
NMC983364
|
Comstock Lode 111
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC983365
|
Comstock Lode 112
|
Comstock Northern Exploration LLC
|
Lode
|
16.57
|
Storey
|
0
|
None
|
|
NMC983366
|
Comstock Lode 113
|
Comstock Northern Exploration LLC
|
Lode
|
17.08
|
Storey
|
0
|
None
|
|
NMC983367
|
Comstock Lode 114
|
Comstock Northern Exploration LLC
|
Lode
|
1.42
|
Storey
|
0
|
None
|
|
NMC983368
|
Comstock Lode 115
|
Comstock Northern Exploration LLC
|
Lode
|
9.66
|
Storey
|
0
|
None
|
|
NMC983369
|
Comstock Lode 116
|
Comstock Northern Exploration LLC
|
Lode
|
20.4
|
Storey
|
0
|
None
|
|
NMC983370
|
Comstock Lode 117
|
Comstock Northern Exploration LLC
|
Lode
|
20.39
|
Storey
|
0
|
None
|
|
NMC983371
|
Comstock Lode 118
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC983405
|
Comstock Lode 152
|
Comstock Northern Exploration LLC
|
Lode
|
19.72
|
Storey
|
0
|
None
|
|
NMC983406
|
Comstock Lode 153
|
Comstock Northern Exploration LLC
|
Lode
|
14.46
|
Storey
|
0
|
None
|
|
NMC983407
|
Comstock Lode 154
|
Comstock Northern Exploration LLC
|
Lode
|
8.26
|
Storey
|
0
|
None
|
|
NMC983408
|
Comstock Lode 155
|
Comstock Northern Exploration LLC
|
Lode
|
8.26
|
Storey
|
0
|
None
|
|
NMC983409
|
Comstock Lode 156
|
Comstock Northern Exploration LLC
|
Lode
|
20.66
|
Storey
|
0
|
None
|
|
NMC983410
|
Comstock Lode 157
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC983411
|
Comstock Lode 158
|
Comstock Northern Exploration LLC
|
Lode
|
20.62
|
Storey
|
0
|
None
|
|
NMC983412
|
Comstock Lode 159
|
Comstock Northern Exploration LLC
|
Lode
|
20.63
|
Storey
|
0
|
None
|
|
NMC983413
|
Comstock Lode 160
|
Comstock Northern Exploration LLC
|
Lode
|
20.66
|
Storey
|
0
|
None
|
|
NMC983414
|
Comstock Lode 161
|
Comstock Northern Exploration LLC
|
Lode
|
20.66
|
Storey
|
0
|
None
|
|
NMC983415
|
Comstock Lode 162
|
Comstock Northern Exploration LLC
|
Lode
|
19.24
|
Storey
|
0
|
None
|
|
NMC983416
|
Comstock Lode 163
|
Comstock Northern Exploration LLC
|
Lode
|
20.65
|
Storey
|
0
|
None
|
|
NMC983417
|
Comstock Lode 164
|
Comstock Northern Exploration LLC
|
Lode
|
12.82
|
Storey
|
0
|
None
|
|
NMC983418
|
Comstock Lode 165
|
Comstock Northern Exploration LLC
|
Lode
|
20.66
|
Storey
|
0
|
None
|
|
NMC983419
|
Comstock Lode 166
|
Comstock Northern Exploration LLC
|
Lode
|
7.58
|
Storey
|
0
|
None
|
|
NMC983420
|
Comstock Lode 167
|
Comstock Northern Exploration LLC
|
Lode
|
20.66
|
Storey
|
0
|
None
|
|
NMC983421
|
Comstock Lode 168
|
Comstock Northern Exploration LLC
|
Lode
|
16.15
|
Storey
|
0
|
None
|
|
NMC992975
|
Comstock Lode 173
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC992976
|
Comstock Lode 174
|
Comstock Northern Exploration LLC
|
Lode
|
15.32
|
Storey
|
0
|
None
|
|
NMC992977
|
Comstock Lode 175
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC992979
|
Comstock Lode 177
|
Comstock Northern Exploration LLC
|
Lode
|
19.04
|
Storey
|
0
|
None
|
|
NMC992980
|
Comstock Lode 179
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC992981
|
Comstock Lode 180
|
Comstock Northern Exploration LLC
|
Lode
|
20.67
|
Storey
|
0
|
None
|
|
NMC992982
|
Comstock Lode 181
|
Comstock Northern Exploration LLC
|
Lode
|
20.18
|
Storey
|
0
|
None
|
|
NMC992983
|
Comstock Lode 182
|
Comstock Northern Exploration LLC
|
Lode
|
10.23
|
Storey
|
0
|
None
|
|
NMC992984
|
Comstock Lode 183
|
Comstock Northern Exploration LLC
|
Lode
|
19.78
|
Storey
|
0
|
None
|
|
NMC992985
|
Comstock Lode 184
|
Comstock Northern Exploration LLC
|
Lode
|
Storey
|
0
|
None
|
|
|
NMC1097411
|
Three Brothers
|
Comstock Exploration and Development LLC
|
Lode
|
18.61
|
Lyon
|
0
|
None
|
|
E1.3: Garrett Leased Properties Included in Mineral Lease
|
|||||||
|
Parcel No
|
Description
|
Current Owner
|
TYPE
|
Acres
|
County
|
NSR %
|
Royalty Owner
|
|
800-000-54
|
Pride of Washoe
|
Fred Garrett
|
Patent
|
25.3
|
Storey
|
3%
|
Hess-Garrettson
|
|
E1.4: Railroad and Gold Leased Properties Included in Mineral Lease
|
|||||||
|
Parcel No
|
Description
|
Current Owner
|
TYPE
|
Acres
|
County
|
NSR %
|
Royalty Owner
|
|
002-091-01
|
D-8 Lot 29
|
RR & Gold
|
Fee
|
1.2
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
002-091-04
|
D-8 Pt Lot 25
|
RR & Gold
|
Fee
|
0.7
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
002-091-09
|
D-8 Lot 30
|
RR & Gold
|
Fee
|
3.0
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
002-091-10
|
D-8 Lot 19
|
RR & Gold
|
Fee
|
0.1
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
002-091-13
|
D-8 Lot 1-8
|
RR & Gold
|
Fee
|
1.6
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
002-091-14
|
D-8 Lot 12,32
|
RR & Gold
|
Fee
|
1.7
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
002-231-02
|
S Ptn Block L-1
|
RR & Gold
|
Fee
|
10.5
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
004-331-34
|
Ptn Lot 8
|
RR & Gold
|
Fee
|
21.1
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
004-331-35
|
Ptn Lots 8&12
|
RR & Gold
|
Fee
|
5.5
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
800-000-45
|
Gould & Curry (below 1000')
|
RR & Gold
|
Patent
|
25.3
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
800-000-46
|
Chollar Potosi (below 1000')
|
RR & Gold
|
Patent
|
35.2
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
800-000-47
|
Savage (below 1000')
|
RR & Gold
|
Patent
|
19.3
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
800-001-00
|
Culver
|
RR & Gold
|
Patent
|
13.8
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
800-001-01
|
Culver Addition (S)
|
RR & Gold
|
Patent
|
4.3
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
800-001-02
|
Culver Addition (N)
|
RR & Gold
|
Patent
|
6.4
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
800-001-03
|
Gibbs (1/2 interest)
|
RR & Gold
|
Patent
|
3.1
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
800-001-04
|
Gibbs (1/2 interest)
|
RR & Gold
|
Patent
|
7.3
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
800-002-04
|
Knickerbocker (N half)
|
RR & Gold
|
Patent
|
5.5
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
E1.5: Railroad and Gold Leased Unpatented Claims Included in Mineral Lease
|
|||||||
|
BLM No
|
Description
|
Current Owner
|
TYPE
|
Acres
|
County
|
Underlying
NSR % |
Underlying
Royalty Owner |
|
NMC705388
|
Latigo
|
RR & Gold
|
Lode
|
18.73
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705389
|
Latigo 2
|
RR & Gold
|
Lode
|
22.41
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705390
|
Angels No. 1
|
RR & Gold
|
Lode
|
14.65
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705391
|
Angels No. 2
|
RR & Gold
|
Lode
|
20.68
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705392
|
Angels East Annex
|
RR & Gold
|
Lode
|
7.45
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705393
|
Merrilite
|
RR & Gold
|
Lode
|
15.61
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705394
|
Merrilite North Annex
|
RR & Gold
|
Lode
|
15.71
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705395
|
Hawk
|
RR & Gold
|
Lode
|
13.38
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705396
|
Hawk Fraction
|
RR & Gold
|
Lode
|
18.3
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705397
|
Alto no. 9
|
RR & Gold
|
Lode
|
10.71
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705398
|
West Nick
|
RR & Gold
|
Lode
|
20.55
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705399
|
West Nick No. 1
|
RR & Gold
|
Lode
|
20.67
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705400
|
Iona
|
RR & Gold
|
Lode
|
9.39
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705401
|
Oro Plato
|
RR & Gold
|
Lode
|
11.08
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705402
|
Owl
|
RR & Gold
|
Lode
|
7.69
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
NMC705403
|
Maryland Fraction
|
RR & Gold
|
Lode
|
20.69
|
Storey
|
1%
|
Railroad and Gold LLC
|
|
E1.6: James Obester Leased Unpatented Claims Included in Mineral Lease
|
|||||||
|
BLM No
|
Description
|
Current Owner
|
TYPE
|
Acres
|
County
|
Underlying
NSR % |
Underlying
Royalty Owner |
|
NMC275502
|
Alta #5
|
James Obester
|
Lode
|
20.67
|
Storey
|
3%
|
James Obester
|
|
NMC275503
|
Alta #6
|
James Obester
|
Lode
|
20.67
|
Storey
|
3%
|
James Obester
|
|
NMC275504
|
Alta #7
|
James Obester
|
Lode
|
20.67
|
Storey
|
3%
|
James Obester
|
|
NMC275505
|
Alta #8
|
James Obester
|
Lode
|
12.64
|
Storey
|
3%
|
James Obester
|
|
NMC275506
|
Alta #9
|
James Obester
|
Lode
|
20.67
|
Storey
|
3%
|
James Obester
|
|
NMC275507
|
Alta #10
|
James Obester
|
Lode
|
20.67
|
Storey
|
3%
|
James Obester
|
|
NMC275509
|
Alta #12
|
James Obester
|
Lode
|
12.06
|
Storey
|
3%
|
James Obester
|
|
NMC300858
|
Brunswick #1
|
James Obester
|
Lode
|
20.67
|
Storey
|
3%
|
James Obester
|
|
NMC300859
|
Brunswick #2
|
James Obester
|
Lode
|
20.67
|
Storey
|
3%
|
James Obester
|
|
NMC300860
|
Brunswick #4
|
James Obester
|
Lode
|
20.67
|
Storey
|
3%
|
James Obester
|
|
E1.7: Renegade Leased Unpatented Claims Included in Mineral Lease
|
|||||||
|
BLM No
|
Description
|
Current Owner
|
TYPE
|
Acres
|
County
|
Underlying
NSR % |
Underlying
Royalty Owner |
|
NMC890651
|
NBO 1
|
Renegade
|
Lode
|
19.21
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890652
|
NBO 2
|
Renegade
|
Lode
|
1.35
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890653
|
NBO 3
|
Renegade
|
Lode
|
20.67
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890654
|
NBO 4
|
Renegade
|
Lode
|
20.29
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890655
|
NBO 5
|
Renegade
|
Lode
|
20.51
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890656
|
NBO 6
|
Renegade
|
Lode
|
15.93
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890657
|
NBO 7
|
Renegade
|
Lode
|
13.74
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890658
|
NBO 8
|
Renegade
|
Lode
|
20.67
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890659
|
NBO 9
|
Renegade
|
Lode
|
20.67
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890660
|
NBO 10
|
Renegade
|
Lode
|
16.72
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890661
|
NBO 11
|
Renegade
|
Lode
|
9.9
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890662
|
NBO 12
|
Renegade
|
Lode
|
18.07
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890663
|
NBO 13
|
Renegade
|
Lode
|
12.83
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890664
|
NBO 14
|
Renegade
|
Lode
|
3.37
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890665
|
NBO 15
|
Renegade
|
Lode
|
6.05
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890667
|
NBO 17
|
Renegade
|
Lode
|
13.45
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890668
|
NBO 18
|
Renegade
|
Lode
|
18.5
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890669
|
NBO 19
|
Renegade
|
Lode
|
16.18
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890670
|
NBO 20
|
Renegade
|
Lode
|
16.51
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890671
|
NBO 21
|
Renegade
|
Lode
|
10.69
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890672
|
NBO 22
|
Renegade
|
Lode
|
6.64
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890673
|
NBO 23
|
Renegade
|
Lode
|
11.84
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890674
|
NBO 24
|
Renegade
|
Lode
|
9.53
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC890675
|
NBO 25
|
Renegade
|
Lode
|
7.6
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC997060
|
NBO 26 (invalid?)
|
Renegade
|
Lode
|
7.6
|
Storey
|
3%
|
Renegade Mineral
|
|
NMC997061
|
NBO 27
|
Renegade
|
Lode
|
19.69
|
Storey
|
3%
|
Renegade Mineral
|
|
E1.8: Sutro Leased Properties1 Included in Mineral Lease
|
|||||||
|
Parcel No
|
Description
|
Current Owner
|
TYPE
|
Acres
|
County
|
Underlying
NSR % |
Underlying
Royalty Owner |
|
001-044-06
|
Rng E Lot 8
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
001-056-02
|
Rng E Lot 1-14
|
Sutro
|
Fee
|
0.3
|
Storey
|
5%
|
Sutro
|
|
001-071-01
|
Rng A S Pt Lot 143
|
Sutro
|
Fee
|
2.3
|
Storey
|
5%
|
Sutro
|
|
001-113-02
|
Rng H Lot 5-6
|
Sutro
|
Fee
|
0.2
|
Storey
|
5%
|
Sutro
|
|
001-113-04
|
Block 250 Lot 7
|
Sutro
|
Fee
|
0.3
|
Storey
|
5%
|
Sutro
|
|
002-011-09
|
Rng O-1 Pt Lot 40
|
Sutro
|
Fee
|
1.5
|
Storey
|
5%
|
Sutro
|
|
002-021-01
|
Rng O-1 Pt Lot 43
|
Sutro
|
Fee
|
2.5
|
Storey
|
5%
|
Sutro
|
|
002-022-01
|
Rng O-1 Lot 42
|
Sutro
|
Fee
|
1.0
|
Storey
|
5%
|
Sutro
|
|
002-031-27
|
Rng O-1 Pt Lot 34
|
Sutro
|
Fee
|
1.1
|
Storey
|
5%
|
Sutro
|
|
002-041-17
|
Rng O-1 Lot 8E,Pt 27
|
Sutro
|
Fee
|
0.4
|
Storey
|
5%
|
Sutro
|
|
002-041-18
|
Rng O-1 Lot 25-26,Pt 27
|
Sutro
|
Fee
|
0.5
|
Storey
|
5%
|
Sutro
|
|
002-041-20
|
Rng O-1 Pt Lot 8
|
Sutro
|
Fee
|
0.2
|
Storey
|
5%
|
Sutro
|
|
002-052-24
|
Rng P-2 Pt Lot 1
|
Sutro
|
Fee
|
1.5
|
Storey
|
5%
|
Sutro
|
|
002-052-25
|
Rng P-2 Lot 11-12
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-061-01
|
Rng O-1 Lot 10-11
|
Sutro
|
Fee
|
0.4
|
Storey
|
5%
|
Sutro
|
|
002-061-05
|
Rng O-1 Lot 21
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-061-11
|
Rng O-1 Lot 12
|
Sutro
|
Fee
|
0.2
|
Storey
|
5%
|
Sutro
|
|
002-061-12
|
Rng O-1 Lot 13-14
|
Sutro
|
Fee
|
0.2
|
Storey
|
5%
|
Sutro
|
|
002-062-02
|
Rng C-4 Lot 3-4
|
Sutro
|
Fee
|
0.3
|
Storey
|
5%
|
Sutro
|
|
002-062-03
|
Rng B-1 Lot 1-7
|
Sutro
|
Fee
|
0.3
|
Storey
|
5%
|
Sutro
|
|
002-062-06
|
Rng B-1 Lot 12, Pt 13
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-062-15
|
Rng C-5 Lot 36-37
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-062-21
|
Rng C-5 Lot 1-2,34-35
|
Sutro
|
Fee
|
0.3
|
Storey
|
5%
|
Sutro
|
|
002-062-22
|
Rng C-5 Lot 33
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-062-40
|
Rng C-4 Lot 12,19
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-062-42
|
Rng A-1 Lot 1-5,7-8,15-16
|
Sutro
|
Fee
|
0.5
|
Storey
|
5%
|
Sutro
|
|
002-062-44
|
Rng B-2 Lot 6-9
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-062-59
|
Rng C-5 Pt Lot 14,15
|
Sutro
|
Fee
|
0.2
|
Storey
|
5%
|
Sutro
|
|
002-063-10
|
Rng D-2 Pt Lot 15
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-063-13
|
Rng D-1 Lot 28
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-063-16
|
Rng D-1 Lot 11,23-27
|
Sutro
|
Fee
|
0.4
|
Storey
|
5%
|
Sutro
|
|
002-063-17
|
Rng D-1 Lot 15,19-22,29
|
Sutro
|
Fee
|
0.3
|
Storey
|
5%
|
Sutro
|
|
002-063-18
|
Rng D-1 Lot 14
|
Sutro
|
Fee
|
0.0
|
Storey
|
5%
|
Sutro
|
|
002-063-19
|
Rng D-1 Lot 16-18
|
Sutro
|
Fee
|
0.2
|
Storey
|
5%
|
Sutro
|
|
002-063-21
|
Rng D-1 Lot 1-2
|
Sutro
|
Fee
|
0.6
|
Storey
|
5%
|
Sutro
|
|
002-071-01
|
Rng A-1 Lot 33-35
|
Sutro
|
Fee
|
1.3
|
Storey
|
5%
|
Sutro
|
|
002-071-05
|
Rng A-1 Lot 37,37.5
|
Sutro
|
Fee
|
0.7
|
Storey
|
5%
|
Sutro
|
|
002-071-06
|
Rng B-2 Lot 36,36.5
|
Sutro
|
Fee
|
1.0
|
Storey
|
5%
|
Sutro
|
|
002-071-22
|
Rng A-1 Lot 35.5,36
|
Sutro
|
Fee
|
0.4
|
Storey
|
5%
|
Sutro
|
|
002-071-36
|
Rng B-2 Lot 27-29,37; C-5 Lot 25-27
|
Sutro
|
Fee
|
1.8
|
Storey
|
5%
|
Sutro
|
|
002-071-38
|
Rng B-2 Lot 38
|
Sutro
|
Fee
|
0.4
|
Storey
|
5%
|
Sutro
|
|
002-071-39
|
Rng B-2 Lot 39
|
Sutro
|
Fee
|
0.4
|
Storey
|
5%
|
Sutro
|
|
002-075-01
|
Rng E-3 Lot 10-14
|
Sutro
|
Fee
|
0.5
|
Storey
|
5%
|
Sutro
|
|
002-082-01
|
Rng D-7 Lot 1,2,19
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-082-06
|
Rng D-7 Lot 14
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-082-07
|
Rng D-7 Lot 15-16
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-082-08
|
Rng D-7 Lot 17-18
|
Sutro
|
Fee
|
0.2
|
Storey
|
5%
|
Sutro
|
|
002-083-03
|
Rng E-4 Lot 19-21
|
Sutro
|
Fee
|
0.4
|
Storey
|
5%
|
Sutro
|
|
002-083-04
|
Rng E-4 Lot 23-28
|
Sutro
|
Fee
|
0.8
|
Storey
|
5%
|
Sutro
|
|
002-083-05
|
Rng E-4 Lot 29-30,35
|
Sutro
|
Fee
|
0.8
|
Storey
|
5%
|
Sutro
|
|
002-083-08
|
Rng E-4 Lot 9-18,22,31-34,36-37
|
Sutro
|
Fee
|
2.4
|
Storey
|
5%
|
Sutro
|
|
002-121-02
|
Rng C-6 Lot 24
|
Sutro
|
Fee
|
0.4
|
Storey
|
5%
|
Sutro
|
|
002-121-02
|
Rng C-6 Lot 23
|
Sutro
|
Fee
|
0.2
|
Storey
|
5%
|
Sutro
|
|
002-141-05
|
K-E Lot 1
|
Sutro
|
Fee
|
1.1
|
Storey
|
5%
|
Sutro
|
|
002-141-08
|
K-E Lot 5
|
Sutro
|
Fee
|
1.0
|
Storey
|
5%
|
Sutro
|
|
002-141-09
|
K-E Lot 4
|
Sutro
|
Fee
|
1.1
|
Storey
|
5%
|
Sutro
|
|
002-141-10
|
K-E Lot 3
|
Sutro
|
Fee
|
1.1
|
Storey
|
5%
|
Sutro
|
|
002-141-11
|
Rng C-6 Pt Lot 26
|
Sutro
|
Fee
|
11.5
|
Storey
|
5%
|
Sutro
|
|
002-141-11
|
Rng C-6 Lot 28
|
Sutro
|
Fee
|
1.5
|
Storey
|
5%
|
Sutro
|
|
002-141-11
|
Rng C-6 Lot 29
|
Sutro
|
Fee
|
5.8
|
Storey
|
5%
|
Sutro
|
|
002-181-06
|
Rng F-1 Lot 40
|
Sutro
|
Fee
|
1.4
|
Storey
|
5%
|
Sutro
|
|
002-181-08
|
Rng F-1 Lot 18-20
|
Sutro
|
Fee
|
0.2
|
Storey
|
5%
|
Sutro
|
|
002-181-10
|
Rng F-1 Lot 11
|
Sutro
|
Fee
|
0.8
|
Storey
|
5%
|
Sutro
|
|
002-191-01
|
Rng H-1 Lot 1-41
|
Sutro
|
Fee
|
10.2
|
Storey
|
5%
|
Sutro
|
|
002-201-04
|
Rng G-1 Lot 34-35
|
Sutro
|
Fee
|
1.0
|
Storey
|
5%
|
Sutro
|
|
002-201-05
|
Rng G-1 Lot 37-38
|
Sutro
|
Fee
|
0.3
|
Storey
|
5%
|
Sutro
|
|
002-201-08
|
Rng G-1 Lot 46
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-201-14
|
Rng G-1 Pt Lot 6
|
Sutro
|
Fee
|
0.0
|
Storey
|
5%
|
Sutro
|
|
002-201-15
|
Rng G-1 Lot 48
|
Sutro
|
Fee
|
0.0
|
Storey
|
5%
|
Sutro
|
|
002-201-16
|
Rng G-1 Lot 1-2
|
Sutro
|
Fee
|
0.4
|
Storey
|
5%
|
Sutro
|
|
002-201-20
|
Rng G-1 Lot 9
|
Sutro
|
Fee
|
0.0
|
Storey
|
5%
|
Sutro
|
|
002-201-22
|
Rng G-1 Lot 15
|
Sutro
|
Fee
|
0.0
|
Storey
|
5%
|
Sutro
|
|
002-201-26
|
Rng G-1 Lot 26-29,42-43
|
Sutro
|
Fee
|
0.7
|
Storey
|
5%
|
Sutro
|
|
002-201-30
|
Rng G-1 Lot 30-31
|
Sutro
|
Fee
|
0.2
|
Storey
|
5%
|
Sutro
|
|
002-201-31
|
Rng G-1 Lot 14
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-201-32
|
Rng G-1 Lot 16-21,25,40-41,44
|
Sutro
|
Fee
|
1.5
|
Storey
|
5%
|
Sutro
|
|
002-202-01
|
Rng E-2,E-3 Lot 1-11,16
|
Sutro
|
Fee
|
1.3
|
Storey
|
5%
|
Sutro
|
|
002-202-05
|
Rng E-2 Lot 1,2,4
|
Sutro
|
Fee
|
0.5
|
Storey
|
5%
|
Sutro
|
|
002-211-02
|
Rng I-1 Lot 5-12
|
Sutro
|
Fee
|
1.0
|
Storey
|
5%
|
Sutro
|
|
002-211-03
|
Rng I-1 Lot 13-14
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-211-04
|
Rng I-1 Lot 15-25
|
Sutro
|
Fee
|
1.1
|
Storey
|
5%
|
Sutro
|
|
002-211-05
|
Rng I-1 Lot 25
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-211-06
|
Rng I-1 Lot 3-4
|
Sutro
|
Fee
|
2.3
|
Storey
|
5%
|
Sutro
|
|
002-211-07
|
Rng I-1 Lot 13-14
|
Sutro
|
Fee
|
0.1
|
Storey
|
5%
|
Sutro
|
|
002-221-02
|
Rng I-1 1/2 Lot 30
|
Sutro
|
Fee
|
8.3
|
Storey
|
5%
|
Sutro
|
|
002-231-01
|
N Ptn Block L-1
|
Sutro
|
Fee
|
10.4
|
Storey
|
5%
|
Sutro
|
|
002-241-01
|
Rng I-1 Lot 40-41
|
Sutro
|
Fee
|
2.2
|
Storey
|
5%
|
Sutro
|
|
002-242-01
|
Rng J-2 Lot 17-19
|
Sutro
|
Fee
|
0.6
|
Storey
|
5%
|
Sutro
|
|
002-243-01
|
Rng J-1 Lot 20
|
Sutro
|
Fee
|
3.0
|
Storey
|
5%
|
Sutro
|
|
002-252-01
|
Rng D-8 Lot 38
|
Sutro
|
Fee
|
1.1
|
Storey
|
5%
|
Sutro
|
|
002-254-01
|
Rng J-1 Lot 21
|
Sutro
|
Fee
|
0.8
|
Storey
|
5%
|
Sutro
|
|
800-000-66
|
Gould & Curry (above 1000')
|
Sutro
|
Patent
|
25.3
|
Storey
|
5%
|
Sutro
|
|
800-000-63
|
Julia
|
Sutro
|
Patent
|
9.2
|
Storey
|
5%
|
Sutro
|
|
800-000-64
|
La Cata
|
Sutro
|
Patent
|
13.8
|
Storey
|
5%
|
Sutro
|
|
800-000-65
|
Sara Ann
|
Sutro
|
Patent
|
13.8
|
Storey
|
5%
|
Sutro
|
|
800-001-40
|
Lady Washington
|
Sutro
|
Patent
|
5.7
|
Storey
|
5%
|
Sutro
|
|
800-001-41
|
Joesph Trench
|
Sutro
|
Patent
|
0.7
|
Storey
|
5%
|
Sutro
|
|
800-001-42
|
Burke & Hamilton
|
Sutro
|
Patent
|
1.3
|
Storey
|
5%
|
Sutro
|
|
800-001-43
|
Challenge
|
Sutro
|
Patent
|
1.5
|
Storey
|
5%
|
Sutro
|
|
800-001-44
|
Empire North
|
Sutro
|
Patent
|
1.8
|
Storey
|
5%
|
Sutro
|
|
800-001-45
|
Bacon (MS 58)
|
Sutro
|
Patent
|
1.5
|
Storey
|
5%
|
Sutro
|
|
800-001-46
|
Confidence
|
Sutro
|
Patent
|
4.0
|
Storey
|
5%
|
Sutro
|
|
800-001-47
|
Alpha
|
Sutro
|
Patent
|
8.6
|
Storey
|
5%
|
Sutro
|
|
800-001-48
|
Wm Sharon
|
Sutro
|
Patent
|
0.9
|
Storey
|
5%
|
Sutro
|
|
800-001-50
|
Kentuck MG.
|
Sutro
|
Patent
|
2.7
|
Storey
|
5%
|
Sutro
|
|
800-001-52
|
Ward
|
Sutro
|
Patent
|
7.1
|
Storey
|
5%
|
Sutro
|
|
800-001-53
|
Grosh
|
Sutro
|
Patent
|
15.5
|
Storey
|
5%
|
Sutro
|
|
800-001-54
|
Empire South
|
Sutro
|
Patent
|
0.7
|
Storey
|
5%
|
Sutro
|
|
800-001-55
|
Bacon (MS 59)
|
Sutro
|
Patent
|
0.6
|
Storey
|
5%
|
Sutro
|
|
800-001-56
|
Grosh
|
Sutro
|
Patent
|
5.3
|
Storey
|
5%
|
Sutro
|
|
800-001-57
|
Grosh
|
Sutro
|
Patent
|
7.4
|
Storey
|
5%
|
Sutro
|
|
800-001-58
|
Yellow Jacket
|
Sutro
|
Patent
|
6.0
|
Storey
|
5%
|
Sutro
|
|
800-001-59
|
Imperial
|
Sutro
|
Patent
|
2.6
|
Storey
|
5%
|
Sutro
|
|
800-001-60
|
Crown Point
|
Sutro
|
Patent
|
3.3
|
Storey
|
5%
|
Sutro
|
|
800-001-61
|
Kentuck
|
Sutro
|
Patent
|
0.9
|
Storey
|
5%
|
Sutro
|
|
800-001-62
|
Alta (Woodville)
|
Sutro
|
Patent
|
23.7
|
Storey
|
5%
|
Sutro
|
|
800-001-63
|
Exchequer
|
Sutro
|
Patent
|
10.0
|
Storey
|
5%
|
Sutro
|
|
800-001-64
|
Bullion (Comstock Lode)
|
Sutro
|
Patent
|
27.3
|
Storey
|
5%
|
Sutro
|
|
800-001-65
|
Capital
|
Sutro
|
Patent
|
9.2
|
Storey
|
5%
|
Sutro
|
1 The Sutro Tunnel Company Lease expired 12/31/2017, and is being extended month-to-month while renewal is negotiated. Certain of the Sutro fee
parcels are for surface access only, as described in the lease agreement.
Figure E1 "Mineral Lease Properties"
Exhibit E2 – “Leases”
(Mineral Exploration and Mining
Lease Agreement)
The following lease agreements are included in the Mineral Exploration and Mining Lease Agreement. This summary is an overview only. Please refer to the
individual lease agreements for details.
|
Lease
|
Date
|
Term
|
End
|
Property
|
Underlying
NSR |
Work Commitment
|
|
|
|
|
|
|
|
|
|
Fred Garrett
|
04/01/2008
|
5 yr "Exploration";
15 yr "Development" |
03/31/2028
|
1 patented claim "Pride of Washoe"
|
3.0%
|
None
|
|
|
|
|
|
|
|
|
|
James Obester
|
08/20/2008
|
5 yr "Exploration";
15 yr "Development"; "Extended" if production |
08/19/2028
|
10 unpatented claims "Alta", "Brunswick"
|
3.0%
|
None
|
|
|
|
|
|
|
|
|
|
Railroad & Gold
|
10/01/2009
|
15 years
|
09/30/2024
|
9 patents, 9 town lots, 1 rural parcel, 16 unpatented claims "Overman"
|
4.0%
|
$50k/yr
|
|
|
01/01/2015
|
Amendment
|
09/30/2024
|
|
1.0%
|
NSR reduced to 1%; royalty buyout for $1M; work reset to $10k/yr starting 2017.
No work completed to date. |
|
|
|
|
|
|
|
|
|
Renegade
|
10/01/2010
|
3 yr "Exploration";
6 yr "Primary"; 6 yr "Additional" |
09/30/2025
|
26 unpatented claims "NBO"
|
3.0%
|
1000' 1st 36 mo; $20k cumulative. NSR 3% cap at $2000 gold
|
|
|
10/01/2013
|
Amendment; extends to "Additional" term
|
09/30/2025
|
|
|
reset commitment 7000' drilling during 1st 9 years (by
9/30/2019); $200k cumulative.
No work completed to date. |
|
10/01/2019
|
Amendment 2;
|
09/30/2025
|
Reset commitment for drilling $200,000 during first 11 years (09/30/2021)
|
|||
|
|
|
|
|
|
|
|
|
Sutro
|
01/01/2008
|
5 yr “Initial”;
5 yr “Primary”
|
12/31/2017
|
28 patents, 91 town lots (some surface access only)
|
5.0%
|
Lease is currently month-to-month while new terms are being negotiated.
|
Exhibit E3 – “Estimated Costs”
(Mineral Exploration and Mining Lease Agreement)
The following estimated costs will be the responsibility of Lessee from the Effective Date of the Mineral Exploration and Mining Lease Agreement. The costs will
be paid by Lessor, and will be invoiced to Lessee monthly. Some of the third-party leases require annual or cumulative exploration expenditures, as detailed in E3.2, below. The estimate of annual costs and work commitments is included here as a
courtesy. The actual costs paid by Lessor will be invoiced to Lessee for reimbursement. Refer to the third party lease documents for details.
E3.1: Estimated Annual Costs
|
|
|
Annual $
|
Notes
|
|
Property Tax
|
|
|
|
|
Storey County
|
$121
|
|
|
|
Lyon County
|
$0
|
|
|
|
Total Property tax:
|
|
$121
|
|
|
|
|
|
|
|
Claim Fees
|
|
|
|
|
BLM
|
$26,815
|
|
|
|
Storey County
|
$2,116
|
|
|
|
Lyon County
|
$0
|
|
|
|
Total Claim Fees:
|
|
$28,931
|
|
|
|
|
|
|
|
Lease Payments
|
|
|
|
|
Fred Garrett
|
$12,000
|
|
Advance Royalty
|
|
James Obester
|
$12,000
|
|
Advance Royalty
|
|
Railroad & Gold
|
$22,800
|
|
Advance Royalty. $1700/mo 2019-20
|
|
Renegade
|
$9,000
|
|
|
|
Sutro
|
$12,000
|
||
|
Total Lease Payments
|
|
$67,800
|
|
|
|
|
|
|
|
Insurance
|
$9,669
|
LP Insurance, estimate at 5% of total annual costs
|
|
|
Total Estimated Costs
|
|
$106,521
|
|
E3.2: Work Commitments
|
Lease
|
Commitment
|
Notes
|
|
Fred Garrett
|
none
|
|
|
James Obester
|
none
|
|
|
Railroad & Gold
|
$10,000 / yr
|
Starting 2017. No work completed to date. Requires annual accounting.
|
|
Renegade
|
7000' of drilling; $200,000
|
Cumulative commitment by 9/30/2021. No work completed to date. Requires accounting.
|
|
Sutro
|
none
|
No work commitment during current, month-to-month lease. Negotiations not complete on lease renewal.
|