(1) A licensee for prospecting
operations shall not be allowed to relinquish the area referred to in the
license for a period of Four years in the case of very precious minerals or
precious and valuable minerals and for a period of Two years in the case of
ordinary minerals.
(2) If a licensee for prospecting operations desire to relinquish
some of the area out of the total area referred to in the license
obtained by him, after completion of the period referred to in Sub-rule
(1), he shall have to submit an application to the Department for
relinquishment of the area having specified the same.
8
(3) If an application pursuant to Sub-rule (2) is received, the
Department may grant permission for relinquishment of 0.25 square
kilometer in minimum in rectangular shape (aayatkar) (approximately an
one tenth part of one square mile) area of the prospecting operations.
7
Amended by the First Amended.
8
Amended by the First Amended.