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New Horizon Mine <br /> I. General <br /> Elk Ridge Mining and Reclamation LLC, New Horizon Mine, Permit No. C-1981-008, is <br /> submitting this application for Phase I, II, and III performance bond release for five backfill <br /> monitor monitoring wells and seven exploratory drill holes. <br /> The current reclamation liability for the New Horizon Mine is $2,512,434.00, and New Horizon <br /> Mine currently holds a surety bond in the amount of$2,522,994.00. With this application, the <br /> New Horizon Mine will be requesting relinquishment of 100% of the bond held for these <br /> five backfill monitoring wells and seven exploratory drill holes. <br /> II. Summary Information <br /> A. General Location Description <br /> The five backfill monitoring wells that are requested for Phase I, II, and III bond release are <br /> located within the following locations: <br /> Township 47 North, Range 16 West of the 6t'P.M. New Mexico Principal Meridian, <br /> County of Montrose, State of Colorado <br /> SEI/4SE1/4SW1/4of Section 36 <br /> SWI/4SE1/4SE1/4of Section 36 <br /> SWI/4NE1/4SE1/4of Section 36 <br /> Township 47 North, Range 15 West of the 6t'P.M. New Mexico Principal Meridian, <br /> County of Montrose, State of Colorado <br /> SWI/4SW1/4SE1/4of Section 31 <br /> Township 46 North, Range 15 West of the 6t'P.M. New Mexico Principal Meridian, <br /> County of Montrose, State of Colorado <br /> NW 1/4 NW 1/4 NW 1/4 of Section 6, <br /> The seven in-pit exploratory drill holes that are requested for Phase I, II, and III bond release are <br /> located within the following locations: <br /> Township 47 North, Range 16 West of the 61 P.M. New Mexico Principal Meridian, <br /> County of Montrose, State of Colorado <br /> SEI/4SW1/4SE1/4of Section 36 <br /> SEI/4SW1/4NE1/4of Section 36 <br /> SE 1/4 NE 1/4 SE 1/4 of Section 36 <br /> Township 46 North, Range 16 West of the 61 P.M. New Mexico Principal Meridian, <br /> County of Montrose, State of Colorado <br /> NE 1/4 NE 1/4 NW 1/4 of Section 1 <br /> NE 1/4 NE 1/4 SW 1/4 of Section 1 <br /> Page 1 <br />