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(Page 4) <br />MINE ID # OR PROSPECTING ID #: M-1988-021 <br />INSPECTION DATE: 6/25/03 <br />INSPECTOR'S INITIALS JCS <br />The following problems IPB) and/or possible violations (PV) (and suggested corrective actions) were identified during this <br />inspection. The problems should be corrected by the dates given, or they will become possible violations. The possible <br />violations should be corrected by the dates given to reduce their severity when considered by the Mined Land Reclamation <br />Board. The inspector noted on the previous page should be notified of all corrective actions taken. <br />PROBLEMS/POSSIBLE VIOLATIONS <br />AND <br />CORRECTIVE ACTIONS <br />CORRECTION <br />2. <br />3. <br />4. <br />DATE <br />8/29/2003 <br />The Division's estimate of the cost of reclaiming current disturbance at the Soward <br />Ranch Pit is $9,035.00. This exceeds the amount of currently posted financial PB <br />warranty for the pit, i.e. $8,335.00. Section 11714)Iblll) of 34-32.5-101 et. seq. TOPICISI: <br />requires that a financial warranty shalt be sufficient to assure completion of FN , <br />reclamation of affected lands. <br />CORRECTIVE ACTION: Within 60 days of the date of this inspection report/notice of <br />bond adjustment, the operator should provide a replacement financial warranty in the <br />amount of 59,035.00 or additional financial warranty in the amount of 5700.00 so <br />that the total financial warranty posted for the Soward Ranch Pit is 59,035.00. <br />PB or PV: <br />CORRECTIVE ACTION: TOPIC(SI: <br />PB or PV: <br />CORRECTIVE ACTION: TOPIC(S): <br />PB or PV: <br />CORRECTIVE ACTION: TOPIC(S): <br />PB or PV: <br />CORRECTIVE ACTION: TOPIC(S): <br />