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<br />-2- <br />financial warranty set by the Board for this operation is 56,000.00. You must <br />submit a financial warranty in this amount and a performance warranty in order <br />for us to issue a permit. In the event you have requested a financial <br />warranty form, we have enclosed it in this letter. If you have not, please <br />select a type of financial warranty from Rule 7.4. Then contact us so that we <br />can provide you with the appropriate warranty form. We have attached a <br />performance warranty form with this letter for your use. <br />PLEASE NOTE THAT MINING GPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS BEEN <br />ISSUED BY THE DIVISION AFTER RECEIPT Of YOUR FINANCIAL WARRANTY AND <br />PERFORMANCE WARRANTY. <br />If you have any questions, please contact me <br />Sincerely, <br />'"__ _ ~i~ <br />Thomas A. Schreiner <br />Reclamation Specialist <br />TAS/ern <br />Enclosure(s) <br />cc: James C. Stevens, Senior Reclamation Specialist <br />Concerned Citizens of Ouray County <br />Ken Jacobsen, U.S. Army Corps of Engineers <br />7632G <br />