Laserfiche WebLink
• • <br />STA3~iDARD METALS CORPORATION <br />BOX 247 <br />SILVERTON, COLORADO 81433 <br />~~~ I~~'~~~~~'~~~I~~ <br />303-387-5533 <br />January 18, ~$~~~~~~~ <br />Mr. Michael Stanton <br />Colorado Mined Land Reclamation <br />423 Centennial Bldg. <br />1313 Sherman Street <br />Denver, Colorado 80203 <br />JAN 2 5 1982 <br />MINED LANG RECLAMATION <br />Colo. Dept. of !1'ate!a! P.eee_~rces <br />Re: Standard Metals, Silverton Facility Bonding Informatior~ <br />Dear Mike: <br />As discussed during our recent telephone conversation, 2 have submitted <br />the information requested to complete surety bond arrangements for lands <br />affected by Standard Metals Corporation at the Silverton facility. <br />Hopefully, the permitting process will now be completed and permit <br />issuance for the Silverton operation will be forthcoming. <br />1. The reclamation cost for the Mayflower Mill structure an<i <br />surrounding site is estimated to be $100,000.00 and surei:y bond <br />for the structure will be arranged in that amount. The mill <br />reclamation figure was arrived at upon consultation with <br />Ortloff Minerals Services located in Golden. Ortloff Minerals <br />personnel have worked on a number of construction projects at <br />our mine and mill facilities, consequently they are familiar <br />with the mill structure and construction operating costs at our <br />location. <br />2. Surety arrangements covering the reclamation cost of the Mayflower <br />Mi11 structure and surrounding site are currently being <br />investigated aiid the pond will be submitted upon findlization. <br />f9i11 bonding arrangements arrived at will be kept separate from <br />surety arrangements made for affected lands presently bonded at <br />the Silverton site. <br />3. Affixation of the Standard Metals Corporation seal to the <br />currently active reclamation bond in the amount of $347,5.13.00 <br />is being pursued and will be completed upon request. The seal <br />will also be affixed to the Mill reclamation bond fonm pr~_or to <br />submission to your office. <br />4. The Canadian Imoerial Bank is currently the only holder ol'. lien <br />on the Mayflower Mill. This organization is also the party with <br />.~. <br /> <br />