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TATE OF COLORADO ui ('H d9n pr.. rnv~•~~~.,, <br />DEPARTMENT OF NATURAL RESOURCES <br />D. Monte Pascoe, Enecu hve Director <br />P~IINED L.aND RECL~AIA'TIO?~ <br />423 Centennial Building. 1313 Sherman Street <br />Denver, r;ptorado 80203 Tel. (30~) 866-3567 <br />David C. Shelton <br />Director <br />October 13, 2982 <br />Mr. Jim Points <br />Federal Resources Corp. <br />Box 1790 <br />Ouray, Colorado 82427 <br />RE: Camp Hird Mine <br />File No. 82-90 <br />Dear Mr. Foints: <br />This is formal notifi(:ation that on September 23, 1982, the Mined Land <br />Reclamation Board vote=d to approve your application for the above mine <br />with the following stipulation: <br />It was h10VED that the board approve the permit for Federal <br />Resources Corp., 1'i le No. 82-90, with bond set at 525,000 <br />with the stipulation that within one year a stability <br />analysis be made of the tailings empoundment. SECONDED <br />and PASSED by a Vote of 5 for/1 abstention, Chips Barry. <br />The Board subsequently set bond at $25,000. <br />I assume that for this; sum you probably will want to acquire a corporate <br />surety bond (insurances policy). Therefore, please find enclosed two <br />forms: Financial Warranty for corporate surety, and a Performance <br />Warranty. Please comi:lete both and return them to this office. [9e will <br />then issue a permit. <br />If you desire to obtain some other' form of surety (i.e., Certificate of <br />Deposit, Letter of Cresdit, Deed of Trust) please contact me and I will <br />send the appropriate 1`orms. <br />Thank you for your cooperation. <br />Si ncnererl`y~, <br />c <br />Mike Stanton <br />Geologist-Reclamation Specialist <br />MS:ys <br />