Are the cost estimates for exploration different than for mines?
Since exploration notices are only valid for about a year (unless extended), surety costs are not escalated beyond the current year. For reclamation of exploration projects in the year 2006, the average cost is: $5250 for the first acre and $3150 for each additional acre. These costs can vary, depending upon the amount of disturbance involved. Having to plug drill holes may significantly increase the amount of surety required. Again, you should contact the Division to determine what surety costs are appropriate for your particular site.
