Summary
This regulation outlines requirements for locating, recording, and maintaining mining claims (lode, placer, mill sites, tunnel sites) on federal lands open to mineral entry under the General Mining Law. It covers claimstaking procedures, posting and recording requirements, discovery standards, size limitations, and use provisions for various claim types.
Reason
Americans would be worse off without this regulation because it provides the essential procedural framework that transforms public mineral resources into well-defined private property rights. The requirements prevent conflicting claims, reduce transaction costs, and create the legal certainty necessary for investment in mineral exploration and development. Without standardized claimstaking, recording, and discovery rules, the tragedy of the commons would return, leading to chaos, resource wars, and underinvestment. This coordination function is a legitimate core function of government.