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<br />DIVISION Of MINEaALS AND t;EOIOCY <br />Dapanmem d Nawral Reft>urcet <br />I )13 Slvemmn SI., Rarm I 1 S <br />Om.¢r. Colorado 8020] <br />Pnab: n0]18l8•]S67 <br />FA%: 0021 B72d101r <br />August 12, 1998 <br />Don Coram <br />Gold Eagle Mining, Inc. <br />e45 Main str..t <br />Montrose, CO 81401 <br />Rli: Roqueat for TeohNoai Revision, Provlebn Required by Rule 4.2.v181. <br />DOE Leah :look AT-(OB-7)-ML-90.8-C-13R•1S, <br />•urroe Mina, Pernik No. M-77-287. <br />Dear Mr. Corset: <br />Olrlflow <br />M1N~AA <br />GEOLOc <br />RrCL11M~T1 <br />NIN ING•\~It <br />/ill O..Wu <br />ee,~.~. <br />f.,/II1. K71th,r <br />Gla[vtlrl OInaL <br />~~ ~ ~ <br />o.~ a~~r, <br />On 8111/98, DMG Durango Office received copy of the financial warranty documents, <br />provided to the DMG Denver Office, to the ettsntlon of Suzl Erickson, a;over letter dated <br />8/9/99. Thank you for the Dopy. <br />Tho documents indices 413,182 tinsncisl wsnanty to be held by DMGI, and 48,250 held <br />by DOE, for s total roclamation bond amount of 119,412 for the Burrow Mine. DMG <br />2/4/99 reclsmstlon cost estimation touted 118,412. <br />DMG records indicate that Goid Eagle Mining has a reclamation bond vlrlth DOE for DOE <br />leue block C-SR-13, toating !22,000. DMG records indicate that 111:1,760 of the DOE <br />bond has previously been committed for reclamation costs astocisad lNith the Ellison <br />Mine, Permit No. M-78-342, and 16,000 of the DOE bond provioualy commftad for <br />reclamation costs sssodaad with the Hswkeyo Mtne, Pomlit No. M•78-311. Therefor., <br />DMG records indicate that 48,250 of the DOE bond may be available for rsolamstion costs <br />usociated with the Burros Mlne. <br />In sooordsnoe wHh Rule 4.2.1181, DMG will accept financial warranty in the amount equal <br />to the difference betwoon the reclamaton band amount posted with the fsden! land <br />management agency and DMG reclamation cost estimation. Rule 4.2.1•(8) sates: <br />4.2.1(81 When mining of federal land end the federal land management egeney required <br />that a Finene[al Warranty ba posted with their agency, the amount of iinanclal <br />Warranty posed with the sea shalt be the difference baK~ween the amount <br />required to be posted by the federei land management agency, and the <br />amount required by the Mined Land Reetsmation Board. Irf no event shall the <br />amount of FlnancW Warranty posted w+th We stars be less than 1100. to <br />r.~•!i~L~n_ L~ ~seL[~11nn ~~ ~w..tilw ~ nrovLl~n tl+et In the ~ ~.~ ~~ fedv 1 <br />