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COLORADO <br /> Division of Reclamation, <br /> Mining and Safety <br /> 1313 Sherman Street, Room 215 <br /> Denver, CO 80203 <br /> September 7, 2016 <br /> Stephen Hilgers <br /> Santiago Mining Co., LLC <br /> 6499 Plateau Drive <br /> Englewood, CO 80111 <br /> RE: Santiago Mine; DRMS File No. P-2016-014; NOI Approval with Financial Warranty Due <br /> Dear Mr. Hilgers, <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 N01 application was approved on September 6, <br /> 2016. Staff has determined,based on the projected costs of reclamation, that the required financial <br /> warranty amount is$2,000.00. You have already provided a financial warranty in the amount of <br /> $2,000.00. However,the financial warranty must be submitted on the enclosed Mined Land Reclamation <br /> Board approved form. In addition, the Affidavit of Authority Form and the W-9 Form must be completed <br /> and returned to the Division. <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 Barbara Coria,the Division's Financial Assurance Specialist, at <br /> (303)866-3567 x8148. <br /> Sincerely, <br /> ku- <br /> Michael A. Cun11gh <br /> am <br /> Environmental Protection Specialist <br /> Enclosures (3) <br /> CC: Wally Erickson, DRMS <br /> Barbara Coria, DRMS <br /> of-coy <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 Robert Randall, Executive Director Virginia Brannon, Director <br />