2015-06-18_REVISION - M1986102 (3)

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CAUJ� c-�Rm rC*XDR June 18, 2015 COLORADO Division of Reclamation, Mining and Safety Department of Natural Resources 1313 Sherman Street, Room 215 Denver, CO 80203 Mr. Dan Collins Collins Morehead, LLC 1417 South Grandview Drive Tempe, AZ 85281 'qpm -el sac Re: Deep Creek Placer, Permit M-1986-102, Succession of Operators Approval, Revision SO -1 Dear Dan Collins: /Vl(aa)Id7- On June 17, 2015, the Division of Reclamation, Mining and Safety approved the succession of operators from B -Mining Company to Collins Morehead, LLC for this operation. Collins Morehead, LLC is now the permitted operator of the Deep Creek Placer, and as such, is responsible for all provisions in M-1986-102, as well as those specified in the Rules and Regulations. B -Mining Company is relieved of all responsibilities concerning this operation. Please Note: 1. All of the application materials, as amended and supplemented, are in integral part of your permit. They have been incorporated into the permit by reference. We presume that you have a copy of all of these materials; therefore, none have been enclosed with this mailing. We suggest that you keep a copy of the permit and the permit application at the mining operation as a reference for operation personnel, to help ensure compliance with the terms of the permit. 2. Changes in the mining and reclamation operations that differ from those described in the permit may require a modification to the permit. We suggest consulting the Rules and Regulations and/or contacting us to determine if a modification to the permit is necessary. Rule 1.10 pertains to Amendments, Rule 1.9 to Technical Revisions, and Rule 1.11 to Conversions. 3. On your permit anniversary date each year, you must submit an annual fee and annual report to us. Please consult the Rules, Act, and your permit for specific requirements. The estimated liability amount of $18,394.00 for Deep Creek Placer, has been provided by Financial Warranty Certificate of Deposit, Certificate of Deposit Third Party and Letter of Credit Third Party issued by Citizens State Bank of Ouray. The transfer of this permit does not result in the transfer of any other permits or licenses, with this Division, the State, or Federal Agency, which might be associated with this operation. 1313 Sherman Street, Room 215, Denver, CO 80203 P 303.866.3567 F 303.832.8106 http://mining.state.co.us John W. Hickenlooper, Governor I Mike King, Executive Director I Virginia Brannon, Director