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DNR <br />CO <br />October 14, 2014 <br />COLORADO <br />Division of Reclamation, <br />Mining and Safety <br />Department of Natural Resources <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Taylor Conway <br />Smash Brothers Explorations <br />1936 Alpine Dr. <br />Erie, CO 80516 <br />RE: The Bank; DRMS File No. P- 2014 -013; NOI Approval with Financial Warranty Due <br />Dear Mr. Conway, <br />The Division of Reclamation, Mining and Safety (Division) has completed the review of your Notice of <br />Intent to Conduct Prospecting (NOI) application. The NOI application was approved on October 9, 2014. <br />Staff has determined, based on the projected costs of reclamation (copy enclosed), that the required <br />financial warranty amount is $7,100.00. You have already provided a financial warranty in the amount of <br />$4,000.00. Therefore, you must submit the remaining amount of $3,100.00. The financial warranty must <br />be submitted on the appropriate Mined Land Reclamation Board approved forms which are available <br />from our office or can be downloaded from our website at www.mining.state.co.us. <br />The Division understands that the US Forest Service (USFS) has not reached a decision on the Plan of <br />Operations. Since this project is located on USFS managed land, proper approvals must still be obtained <br />from the USFS. If USFS places any requirements or limitations on this project that differ from those <br />currently approved by the Division, then please contact this office so that the NOI may be modified and <br />the bond amount reviewed. <br />Please be advised that you may not commence operations until the financial warranty has been <br />submitted and accepted by our office. You will be notified in writing when it is accepted. If we do <br />not receive the required financial warranty within 60 days of the date of this letter, then the NOI <br />may be terminated. <br />If you have any questions, please contact me at (303)866 -3567 x8116. <br />Sinc e y, <br />Michael A LCungham <br />Environmental Protection Specialist <br />Enclosure <br />CC: Tom Kaldenbach, DRMS <br />Barbara Coria, DRMS <br />Amy Titterington, USFS (via email) <br />OR' oz . <br />_o <br />1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http: / /mining.state.co.us <br />John W. Hickenlooper, Governor I Mike King, Executive Director I Virginia Brannon, Director \" � <br />e 18876 76 <br />