1. Except as otherwise provided in subsection 4, every person or firm engaged in the business of assaying within this state shall, in each report or other document containing the results of an assay conducted by the person or firm which is created or produced for a commercial purpose, provide in the report or document a statement, prominently displayed and in bold type, which reads substantially as follows:
The results of this assay were based solely upon the content of the sample submitted. Any decision to invest should be made only after the potential investment value of the claim or deposit has been determined based on the results of assays of multiple samples of geologic materials collected by the prospective investor or by a qualified person selected by the prospective investor and based on an evaluation of all engineering data which is available concerning any proposed project.
2. Any person or firm who knowingly violates the provisions of subsection 1 is:
(a) For the first violation, guilty of a misdemeanor.
(b) For a second or subsequent violation, guilty of a gross misdemeanor.
3. The right to enforce the provisions of this section vests exclusively in the Attorney General.
4. The provisions of this section do not apply to a person who is required to file an annual statement pursuant to the provisions of NRS 362.110.
5. As used in this section, “business of assaying” means a business that determines the elemental composition of samples of geologic materials for a fee or other valuable consideration.
(Added to NRS by 1995, 895; A 2008, 25th Special Session, 22)
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