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3.0 BACKGROUND INFORMATION <br />• <br />The Cresson Project is ajoint venture between AngloGold (Colorado) <br />Corporation, formerly known as Pikes Peak Mining Company, and Golden Cycle Gold <br />Corporation. This joint venture is designated CC&V. AngloGold (Colorado) <br />Corporation is a wholly owned subsidiary of AngloGold North America Inc., formerly <br />known as Independence Mining Company Inc. AngloGold (Colorado) Corporation is the <br />managing agent for the joint venture and operates the site. <br />CC&V has operated in the District since 1976. The company and its operations <br />have directly and indirectly benefited the District and the communities of Cripple Creek, <br />Victor, and Goldfield. In addition to the direct benefits of employment and payment of <br />wages, benefits, and taxes, CC&V has provided support to many community activities. <br />CC&V employees aze encouraged to participate in volunteer activities in the community. <br />As an incentive, for every three hours volunteered, employees receive one hour of <br />• vacation time. Employees donated over 4,000 hours to community service in 1999. <br />CC&V also has supported local community events such as Donkey Derby Days <br />and Gold Rush Days. They have been instrumental in beautification, building <br />refurbishment, irrigation system installation, sodding, horseshoe pit construction, and <br />placement of picnic tables in Wallace Park and establishment of the hockey rink in <br />Brian's Pazk. CC&V has helped to establish a series of public trails and interpretive <br />signs explaining the history to educate visitors and residents on the important role of <br />mining in the District. This trail system is intended to draw tourists to the Victor area and <br />provide a source of additional tourist revenues for the town. CC&V also has developed <br />an extensive inventory of the historic artifacts in the District, which is being compiled <br />into a database that is intended for researchers and that will be publicly available. <br />Additionally, CC&V periodically provides opportunities for members of the <br />public to collect firewood or transplant live trees from company property scheduled for <br />u <br />to <br />