Colorado Code § 36-1-140

Mineral locations - posting - lease. Location of mineral claims, other than
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claims for coal and oil shale, may be made upon unleased mineral lands belonging to the state.
The discoverer of a body of mineral in either a lead, lode, ledge, deposit, vein, or contact shall
immediately post conspicuously a notice declaring that he has made such a discovery on the date
attached to the notice. Within ten days after posting said notice, the discoverer must notify the
state board of land commissioners of said discovery and arrange for a permit to explore the
extent of the discovery. Within sixty days from date of discovery, the locator shall be required to
take a lease upon such terms as may be agreed upon by the state board of land commissioners or
apply for an extension of the permit.

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