Mining/Exploration Boundaries definition
Mining/Exploration Boundaries means the two boundaries established by the line created by the intersection of blue coloration and grey coloration on the Bald Mountain Areas Map. The boundaries will, in each case, be a vertical plane extending from the surface of the earth downward to all depths and at which boundaries any extralateral right associated with any patented or unpatented mining claim on either side of a boundary will terminate as between the Parties (and in each case their respective successors and assigns). The Company shall have exclusive rights to use and mine extralateral veins, lodes or ledges held by the Kinross Member extending into the Exploration Area (as defined below). Likewise, the Kinross Member shall have exclusive rights to use and mine any extralateral veins, lodes or ledges extending into the Bald Mountain Area (North) or the Bald Mountain Area (South) (each as depicted on the Bald Mountain Areas Map).
Mining/Exploration Boundaries means the two boundaries established by the line created by the intersection of blue coloration and grey coloration on the Bald Mountain Areas Map. The boundaries will, in each case, be a vertical plane extending from the surface of the earth downward to all depths and at which boundaries any extralateral right associated with any patented or unpatented mining claim on either side of a boundary will terminate as between the Bald Mountain Buyer (and in each case its successors and assigns) and the Exploration LLC (and in each case its successors and assigns). The Exploration LLC shall have exclusive rights to use and mine extralateral veins, lodes or ledges held by the Bald Mountain Buyer extending into the Exploration Area (as defined below). Likewise, the Bald Mountain Buyer shall have exclusive rights to use and mine any extralateral veins, lodes or ledges extending into the Bald Mountain Area (North) or the Bald Mountain Area (South) (each as depicted on the Bald Mountain Areas Map).