Mineral Deposits Open to Location and Lease.
Section 5
SEC. 5. Mineral Deposits Open to Location and Lease. - Subject to any existing rights or reservations, all valuable mineral deposits in public land including timber or forest land as defined in Presidential Decree, No. 389, otherwise known as the Forestry Reform Code or in private land not closed to mining location, and the land in which they are found, shall be free and open to prospecting, occupation, location and lease.