UPX Minerals meeting on Tuesday
MARQUETTE — A previous article in The Mining Journal incorrectly listed the day of a meeting regarding a metallic minerals lease request by UPX Minerals Inc.
The Michigan Department of Natural Resources’ Office of Minerals Management will hold an informational public meeting from 6 to 8 p.m. Tuesday, not Monday, in the Charcoal Room at Northern Michigan University’s University Center on a metallic minerals lease request by UPX Minerals Inc., a division of Highland Copper.
The DNR will give a brief overview of the metallic mineral lease request submitted by UPX Minerals, said Julie Manson, manager of the Lease Management Unit of the DNR’s Office of Minerals Management. The DNR also will provide attendees with an opportunity to ask questions, and will answer them as time allows.
UPX Minerals Inc. initially submitted a lease request to the DNR for state-owned metallic mineral rights on 6,655.69 acres in Iron and Marquette counties. UPX has since withdrawn over 4,000 acres from its application and is now requesting to lease 2,500.80 acres of the originally requested acres.
All the acreage initially nominated for leasing in Iron County has been withdrawn from the request by UPX.
Should this request be approved by DNR, issuance of a lease to UPX would give them the exclusive right to explore for the presence of metallic minerals in these areas. A lease alone does not grant a lessee a right to mine.
The recommended lease classification is development with restriction, which means there are other specific restrictions in the lease in addition to the standard lease provisions. The lease would allow surface use for metallic minerals exploration or development after all necessary permissions have been obtained.