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4i*\r <br />=(~ COLORADO DIVISION OF MINERALS ANtD GEOLOGY <br />\~: <br />"` 1313 Sherman Street. Room ? I5, Denver, Colorado SO?03. (303) 866.3567 <br />• <br />• <br />SETTLEMENT AGREEiVIENT <br />NOV/CO NO.: CV-2000-009 <br />MINE: Golden Eagle Mine <br />PERMITNO.: C-1981-013 <br />OPERATOR/PERMITTEE: <br />DATE ISSUED: November I, 2000 <br />TYPE OF MINE: Underground/Federal <br />COUNTY: Las Animas <br />Basin Resources, Inc. <br />ATTENTION: Ron Thompson <br />ADDRESS: C/o Peak Project Management <br />3800 County Road 63.9 <br />Trinidad, CO 81091 <br />The Division of Minerals and Geology ("the Division") issued a certain Notice of Proposed Amount of Civil <br />Penalty. and the operator requested a conference thereon, as au[horized by C.R.S. ]973 34-33-123(8). The <br />requested conference having been held as required by law, on January 9, 2001, the Division and the operator <br />hereby agree as follows: <br />1. The amount of the penalty shall be $2,000.00; <br />2. The penalty shall be paid to the Division by the operator not later than 30 days from <br />the date this Agreement is signed by all parties; <br />3. Paymen[ of such penalty by the operator shall constitute a waiver of all further rights <br />to review of such penalty or of the violation on which i[ is based. <br />• <br />This agreement shall not be effective unless signed by the operator within ten days after the closing date of such <br />conference, which date is set fonh below opposite the signature of the Conference Officer. <br />If not signed within ten days, the Division will fix [he penalty at whatever amount it deems appropriate. The <br />fixed penalty amount will likely be the original penalty assessment, based on the factors referred to in C.R.S. 1973, <br />34-33-123(8)(a). <br />OPERATOR: <br />DATE: <br />By <br />DNISION OF MIN/ERAyL~S AND GEOLOGY: / <br />By ~~~u/ //• 7 ~~ DATE: ~I i i Zoo <br />C nference Officer <br />By Penalty Adjustment Reviewed <br />Division Due for [Rule S.Oa.3la>(c>] <br />CRS 34-33-1?3(8)(c) and (d) <br />C-.V W 4 <br />