A Geological Survey of Land Owned by George in Northern

Multiple Choice

A geological survey of land owned by George in northern Ontario indicates that there are gold deposits under the soil,which makes the land very valuable.George approaches a mining company and agrees to let the company mine the gold for a very large sum of money.The agreement goes on to provide that the company will also pay George a portion of the value of gold extracted each year by the company.In this case,George and the company have entered into

A) a life interest agreement.
B) a mineral lease.
C) an oil lease.
D) a licence agreement.
E) an easement.