111(1)Security given under this section operates to compensate the owner or lessee for actual damage to or interference with the use and enjoyment of property caused by a prospector, the holder of a mineral claim or mining lease or the operator of a mine, or by anyone acting on his behalf, prospecting, staking, mining or otherwise working land.

111(2)Security given under this section shall be in the form and amount required in accordance with the regulations and shall be deposited with the Recorder before prospecting, mining or other work on the land is undertaken by the holder of a prospecting licence, mineral claim or mining lease, by the operator of a mine or by a person acting on his behalf.