Common use of New Mining Claims Clause in Contracts

New Mining Claims. Either party hereto shall have the right at any time to locate mining claims in the vicinity of the Red Rock Mineral Prospect, provided however, if either Lessor or Lessee should located any additional load claims either within the exterior (peripheral) boundaries of the claims forming the Subject Claims or an area of one mile from the exterior boundaries (the “Area of Interest”), any additional claims located by Lessor or Lessee within the Area of Interest shall be subject to this Lease.

New Mining Claims. Either party hereto shall have the right at any time to locate mining claims in the vicinity of the Red Rock North Battle Mountain Mineral Prospect, provided however, if either Lessor or Lessee should located any additional load claims either within the exterior (peripheral) boundaries of the claims forming the Subject Claims or an area of one mile from the exterior boundaries (the “Area of Interest”), any additional claims located by Lessor or Lessee within the Area of Interest shall be subject to this Lease.