Code of Federal Regulations · Section
§ 3508.11 — What Lands Are Available For Competitive Leasing?
43 C.F.R. § 3508.11
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BLM may issue a competitive lease on unleased lands where we know that a valuable mineral deposit exists. In such areas, before issuing a lease we may issue you an exploration license, but not a prospecting permit. However, BLM may offer competitive leases for lands where no prospecting or exploratory work is needed to determine the existence or workability of a valuable mineral deposit. In addition, we may offer competitive leases for asphalt on any lands available for asphalt leasing, whether or not we know that a valuable mineral deposit exists.
Authorizing Statute
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Congressional declaration of policy43 U.S.C. § 1701