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RESERVE CALCUI ATIONS <br />Preliminary reserve calculations on the I -Taney pwpeaty were obtained using the following <br />assumptions: <br />• The limit of mining was set back from the east and south property boundary by 50 feet, from <br />the top of the ditch by 35 feet and from the river by 100 feet. <br />• The area would be mined using 2H:1 V slopes around the perimeter. <br />• The existing ground elevation is an average of4615 feet. <br />• Based on the limited site visit, we did not exclude any area due to wetlands. <br />• We used 1.5 tons per cubic yard to calculate the "gross" sand and gravel tonnage. <br />• To account for unmarketable fines, the gross tons are reduced by 8% to obtain the "saleable, <br />product. <br />• Four acres were reserved for the current property owners house and limited con-Ws for horses <br />and cattle. <br />• Approximate locations of tree buffers were determined from the site visit and an aerial photo <br />• The approximate location of a gas well and associated storage tank was determined from the <br />site visit and an aerial photo. <br />Mining Cell Area — 60 acres <br />Overburden Volume -- 247,300 cubic yards <br />Mining Volume - 3,285,300 cubic yards <br />Mining Volume — 4,927,950 tons (gross) <br />Saleable Volume — 4,533,700 tons <br />It is possible that gravel reserves are deeper in this area than the bore logs indicate. This area is <br />known to have clay lenses and potential reserves at 60 to 70 feet. Holes H -7 and H -14 passed <br />through clay lenses and are at opposite sides of the property. Re- drilling at a couple of locations <br />may be prudent to verify this. <br />SI'Z'E ACCESS <br />This site is bounded on two sides by two -lane asphalt roads. This area is unincorporated Weld <br />County, but is very close to town. It is unknown at this time who is responsible for the road <br />maintenance, Greeley or Weld County. <br />Potential haul routes could be either directly west on 16'' Street to SH 85, north on Fern Avenue <br />to Highway 263 then west to SH 85, or south on Fein to pick up SH 34 back to SH 85. Using <br />I6t° to the west may be a concern as there arc numerous residential properties between this site <br />and the highway. Additional truck traffic could be a major concern. It is not luiown if the bridge <br />currently existing over the river on Fenn Ave. is sufficiently rated to allow hauling of material in <br />that direction. <br />