PERMFILE52751 - Laserfiche WebLink

Home Browse Search

iii iuiiiiiniu iii NorWest Mine Services, Inc. P. O. Boa 881215 Steamboat Springs, CO 80488 (970) 879-5951 September 10, 1999 Mr. James Bumell Division of Minerals and Geology Departmem of Natural Resources 1313 Sherman St., Room 215 Denver, CO 80203 RE: Exploration Bond Release, NOI X-96-219-00 & NOI X-96-219-01 Dear Mr. Bumell: RECEIVED SEP 13 199 1>iuiyian W Mlrrerals 8 GBOb~ Cottonwood Land Company requests to initiate the release of exploration bonds for the activities conduced under the above referenced NOl's. The outstanding bonds are as follows: CDMG Bond #333845, NOI #96-219-00 - $150,000 CDMG Bond #34881 B, NOI #96-219-00 - $100,000 CDMG Band #348388, NOI #96-219-01 - 275 000 Total CDMG Bond - $525,000 These performance bonds were posted to cover 105 drill locations, access roads and I I miles of seismic surveys. A total of 63 sites were actually drilled and no seismic stuveys were conducted. All reclamation activities have been conducted and abandonment reports have been filed. Fourteen sites were drilled and reclaimed during the summer of 1998. Ten of these holes are located on federally controlled lands; the remainder is on private lands. A total of twenty-four water-monitoring wells are located on sixteen separate drill sites. Cottonwood Land Company recognizes that a portion of the performance bond will need to be maintained in order to assure the final closure of the water wells and to assure adequate vegetation cover on the 1998 drill locations. NorWest suggests that sufficient bond requirement on water wells should not exceed $1,250 each, or a total of $30,000. NorWest also suggests that a maximum of $300 per site be maintained to assure proper vegetative cover on the 1998 locations, or a total of $4,200. Cottonwood Land Company therefore requests that $490,800 of bonds to be released by the CDMG, maintaining a maximum total bond of $34,200 to cover the above described activities. Attached for your reference are copies of the Drill Hote Survey & Reclamation Status, as of 8/15/98 and the Drill Hole Abandonment Report, which identifies holes, completed during 1998. Both of these reports were previously submitted on August ] 5, 1998. As we discussed last week, I have requested that Rob Emst of the 8LM join us during site inspections that we have scheduled starting September 21. We appreciate your efforts and consideration ofthis matter and look forward to meeting with you. Sincerely, l r~~W /~ </~~ Richard Tiftt Project Geologist, NorWest Mine Services, Inc.