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M1980244_20 Apr 09_Annual Report Supplemental Information (22)
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M1980244_20 Apr 09_Annual Report Supplemental Information (22)
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Last modified
8/10/2020 11:48:59 AM
Creation date
4/8/2020 10:41:14 AM
Metadata
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Template:
DRMS Permit Index
Permit No
M1980244
IBM Index Class Name
Report
Doc Date
4/8/2020
Doc Name
Annual Report Supplemental Information
From
Cripple Creek & Victor Gold Mining Company
To
DRMS
Annual Report Year
2020
Permit Index Doc Type
Annual Fee/Report
Email Name
TC1
Media Type
D
Archive
No
Document Relationships
M1980244_20 Apr 09_Annual Report Map (70)
(Attachment)
Path:
\Day Forward\Report\Minerals\M1980244
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Page 3 of 5 <br /> <br />Cresson Project including Canada thistle, musk thistle, yellow toadflax, Dalmatian toadflax, <br />bindweed, and common mullein. These herbicides are broadleaf selective and have a very low <br />potential for injury to surrounding, native grass species. A surfactant was included in the herbicide <br />mixture to increase leaf adhesion and absorption while blue marker dye was included in the <br />mixture to track applications. Spatial data was collected to track predominant weeds, track <br />progression, and control accordingly. <br /> <br />Per the requirements of C.R.S. 34-32-116(3): <br /> <br />Reclamation accomplished to date: Approximately 436.2 acres. <br /> <br />Reclamation accomplished during the preceding year: Approximately 6.42 acres of disturbance <br />associated with the Cresson Project were reclaimed in 2019 as described above. <br /> <br />New disturbances anticipated during the upcoming year: <br />An estimated area of 54.7 acres of new disturbances are anticipated in 2020. This disturbance area <br />is expected to include expansion required for development of Schist Island Phase II, and <br />disturbance as part of the East Cresson Overburden Storage Area (ECOSA) concurrent reclamation <br />stormwater management. <br /> <br />Continued development of the following areas in 2020 includes: <br /> Main Cresson Pit (including South Cresson), <br /> North Cresson mine areas (including continued development of Globe Hill Pit and Schist <br />Island), <br /> ECOSA, <br /> Squaw Gulch Valley Leach Facility (SGVLF) and High Grade Mill, <br /> Associated haul roads, sediment control measures, topsoil stockpiles, and other ancillary <br />disturbances. <br /> <br />Reclamation anticipated during the upcoming year: Approximately 15.8 acres of reclamation is <br />planned in 2020 at the south end of ECOSA near Bull Cliffs. <br /> <br />Reclamation/Closure Liability and Financial Warranty: <br /> <br />At the commencement of 2019, CC&V maintained a financial warranty of $209,491,188.00. <br />Including technical revision updates to the financial warranty, the estimated liability at the end of <br />2019 was calculated to be $192,762,124.00, thus demonstrating that the current financial warranty <br />is adequate. <br /> <br /> EOY2019: <br /> Liability: $192,762,124.00 <br /> Bond Held: $209,491,188.00 <br /> Current surplus Bond: $16,729,000.00 <br /> <br />A summary of the financial warranty estimate, developed using the Standardized Reclamation <br />Cost Estimator (SRCE), is provided in Attachment 4.
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