mining asset definition

mining asset means any building, shaft, excavation, borehole, structure, fixture or other improvement or work used or intended to be used for purposes of mining, or purposes incidental thereto, including the accommodation of mine personnel, but does not include any building or structure on land in a proclaimed township;
mining asset shall be defined as: (a) any mining claim or block of claims, and (b) any real or personal property, in addition to the claims identified above, having a sales value in excess of One Million Dollars ($1,000,000 USD) .