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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman SL, Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />Permit Number: M-2004-043 <br />Type of Permit: 112c <br />Pemut Date: October 19, 2004 <br />(Anniversary date for <br />annual report and fees <br />purposes) <br />COLORADO <br />DIVISION OF <br />MINERALS <br />GEOLOGY <br />REC LAMATIO N•MIN ING <br />SAFE rY•SGIENGE <br />Bill Owens <br />Governor <br />Russell George <br />Executive Director <br />Ronald W. Canany <br />Division Director <br />Natural Resource Trustee <br />THIS PERMTI' is issued by the Mined Land Reclamation Board, Department of Natural Resources, State of <br />Colorado. <br />RFCITAT S <br />A. The Permittee, Valco, Inc desires to conduct a mining operation lmown as Valco T Pit, for the purpose of <br />extracting sand and gravel. Unless this permit is modified or a separate permit is issued to cover the mining and/or <br />recovery of other minerals or extractive products, the Perlnittee will not mine or recover any other commodities at this <br />site. <br />B. On September 22, 2004 the Mined Land Reclamation Board (the "Board") approved the Permittee's <br />application for this permit, fixed the amount of the financial warranty and directed that this permit be issued upon the <br />filing with the Division of Minerals and Geology (the "Division") of performance warranty and financial warranty (or <br />warranties) in the amount so fixed in form and substance approved by the Division. Said warranties have been filed with <br />the Division. <br />C. If the Permittee desires to extract materials other than those listed in (A), a separate permit or a permit <br />modification may be required. <br />D. On September 22, 2004 the Board made the following findings: <br />1. The application for this permit complies with the requirements of the Colorado Mined Land <br />Reclamation Act for the Extraction of Construction Materials, C.R.S. 34-32.5-101 eY seq., as amended, and with all <br />applicable local, state and federal laws; <br />2. The operation will not adversely affect the stability of any significant, valuable, and permanent <br />man-made structure located within two hundred feet of the Affected Land, except where there is an agreement between <br />the Operator and the persons having an interest in the structure that damage to the structure is to be compensated for by <br />the Permittee or if such an agreement cannot be reached, an engineering analysis establishes no damage will occur to the <br />structure to the satisfaction of the Division; and; <br />3. The proposed mining and reclamation operations can be carried out in conformance with the <br />requirements of the Act, and the Construction Material Rules and Regulations. <br />Office of Office of Colorado <br />Mined Land Reclamation Active and Inactive Mines Geological Survey <br />