2016-09-13_REVISION - C1996083 (7)

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Bond Release - 2 - September 8, 2016 9. Bonds: Corporate Surety, Bond $3,154,277.10 Corporate Surety, Bond $2,075,253.00 Corporate Surety, Bond $2,217,169.51 Corporate Surety, Bond $2,500,000.00 Corporate Surety, Bond $ 2,500,000.00 10. Current Total Bond Amount: $12,446,699.61 11. Original Total Bond Amount: 4,200,000 12. Dollar Amount Requested for Release: $ 350,000 13. Legal Description of Area Requested: Portions of: Township 13 South, Range 91 West, 6th PM Sec. 5: S/2SW/4 Sec. 7: Lots 1, 2, 4, E/2NW/4, SE/4SW/4 Sec. 10: SW/4SW/4 Sec. 11: NW/4NW/4, SW/4SW/4 Sec. 14: NW/4 Sec. 15: NW/4NW/4, NE/4 Township 13 South, Range 92West, 6t" PM Sec: 1: SW/4, S/2NW/4, Lot 2 Sec. 12: Lots 1, 2, T8, 10, 11 Township 12 South, Range 91 West, 6th PM Sec. 33: Lot 10 Sec. 34: Lot 12 14. A Map Showing Areas: The updated 2015 Annual Reclamation Report Map is enclosed. 15. During the period 2003 through 2016, numerous drill pads and roads were graded to approximate original contour and seeded. During the same period of time numerous gob vent and exploration holes were sealed. During 2015 ten drill sites and two roads were restored to approximate original contours. Soil cover and topsoil were placed on 4.5 acres of gob pile #1 during 2014. Gob pile #1 and gob pile #2 have a combined 7.4 acres covered with 3.5 feet of soil. 16. A description of results achieved: The ten drill sites and two roads representing 12.3 acres are eligible for Phase I bond release. The 11.9 acres at gob pile #1 and #2 that have been covered with 3.5 feet of soil are also eligible for Phase 1 bond release. There are 33 drill holes that have been permanently abandoned and sealed that are eligible for Phase I, II and III bond release. All reclamation work has been performed in accordance with plans approved by the Division of Reclamation Mining and Safety. The following seed mixes were used for the reclamation from 2003 through 2015.