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'of-C COLORADO DIVISION OF RECLAMATION, MINING AND SAFETY <br /> o MINERALS PROGRAM INSPECTION REPORT <br /> /876** PHONE: (303) 866-3567 <br /> * <br /> The Division of Reclamation, Mining and Safety has conducted an inspection of the mining operation <br /> noted below. This report documents observations concerning compliance with the terms of the permit <br /> and applicable rules and regulations of the Mined Land Reclamation Board. <br /> MINE NAME: MINEIPROSPECTING ID#: MINERAL: COUNTY: <br /> Golden Age#2 Mining P-2009-002 Silver and gold Boulder <br /> INSPECTION TYPE: INSPECTOR(S): INSP.DATE: INSP.TIME: <br /> Monitoring Michael Cunningham May 30,2014 14:00 <br /> OPERATOR: OPERATOR REPRESENTATIVE: TYPE OF OPERATION: <br /> Golden Age Number Two Mining Co Ann Lemberg MP-Mineral Prospecting <br /> REASON FOR INSPECTION: BOND CALCULATION TYPE: BOND AMOUNT: <br /> Normal I&e Program Complete Bond $200.00 <br /> DATE OF COMPLAINT: POST INSP.CONTACTS: JOINT INSP.AGENCY: <br /> NA None None <br /> WEATHER: IN TOT SIG TURF: SIGNATURE DATE: <br /> Raining 71June 10,2014 <br /> The following inspection topics were identified as ha rinProblems or Possible Violations. OPERATORS <br /> SHOULD READ THE FOLLOWING PAGES CAREFULLY IN ORDER TO ASSURE COMPLIANCE <br /> WITH THE TERMS OF THE PERMIT AND APPLICABLE RULES AND REGULATIONS. If a <br /> Possible Violation is indicated,you will be notified under separate cover as to when the Mined Land <br /> Reclamation Board will consider possible enforcement action. <br /> INSPECTION TOPIC: Financial Warranty <br /> PROBLEM/POSSIBLE VIOLATION: Problem: The financial warranty is not adequate to reclaim the site in <br /> accordance with the approved reclamation plan. This is a failure to maintain the proper financial warranty <br /> amount to complete reclamation of the affected lands pursuant to C.R.S. 34-32.5-117(4)(b) of the Act. <br /> CORRECTIVE ACTIONS:The operator shall submit adequate financial warranty, as determined by the Division. <br /> The Division will be sending a separate surety increase notice to the operator regarding the increase of the <br /> financial warranty. The operator will have 60 days from the date on the surety increase notice to post the <br /> additional financial warranty. <br /> CORRECTIVE ACTION DUE DATE: 8/11/14 <br /> Pagel of 4 <br />