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Idarado Mining Company <br />2014/2015 Annual Report <br />Permit Number: M -1977 -403 -HR <br />Anniversary Date: July 1, 2015 <br />Idarado Mining Company (IMC) is implementing remediation and reclamation activities pursuant to the <br />Consent Decree (D. Colorado Civil Action No. 83-C-2385) between the State of Colorado Department of <br />Public Health and Environment (CDPHE), the State of Colorado Office of Attorney General, and IMC. <br />All field reclamation and remediation activities prescribed by the Remedial Action Plan (RAP) have been <br />completed. Monitoring and maintenance of these reclamation and remedial activities are being performed <br />and will continue to be conducted until each of the performance criteria is achieved or modified. <br />Site activities conducted during the anniversary year related to the permit included: <br />1. Conducting operation and maintenance of the RAP remedial elements where monitoring activities <br />determined that repairs or maintenance were required. All monitoring and maintenance activities <br />were completed according to the specifications and requirements of the RAP. Operation, <br />maintenance and monitoring activities consist of: <br />• Inspecting, cleaning and repairing, as necessary, runoff diversion and conveyance channel <br />systems at the Telluride and Red Mountain tailing piles during the spring and fall seasons; <br />• Performing diversion channel inspections and maintenance, as necessary, following substantial <br />storm events; <br />• Conducting visual inspections of the Telluride and Red Mountain tailing piles, <br />• Conducting and monitoring rodent control on the Telluride and Red Mountain tailing piles; <br />• Completing remediation of bare areas on Telluride Tailing Piles 1-4 and 5/6 according to the <br />approved Bare Area Work Plan for the Idarado Tailing Piles; <br />• Continuing placement of borrow material along the crest of Telluride Tailing Pile 5/6 <br />according to the approved Bare Area Work Plan for the Idarado Tailing Piles; <br />• Managing water from the Red Mountain and Telluride underground mine workings throughout <br />the reporting period in accordance with the RAP provisions, including routine maintenance of <br />the Mill Level infiltration lagoons and rehabilitation and maintenance of the Treasury Tunnel; <br />• Monitoring vegetation cover and density of the Telluride and Red Mountain tailing piles; and, <br />• Performing periodic water quality monitoring according to the schedule and requirements <br />prescribed in the RAP. <br />2. IMC submitted plans to CDPHE for installation of a passive water treatment system to reduce zinc <br />concentrations in the drainage from the Treasury Tunnel as a measure to further reduce zinc <br />concentrations in Red Mountain Creek, according to the provisions of the RAP. IMC and CDPHE <br />continue to discuss implementation of the passive water treatment system and effluent monitoring <br />requirements. <br />3. During the 2014 field season, the noxious weed control program continued with inspections and <br />control measures conducted at the Telluride and Red Mountain permit areas according to the <br />