1986-12-03_ENFORCEMENT - M1983052

• Permit No: M1983052
• IBM Index Class Name: Enforcement
• Doc Date: 12/3/1986
• Doc Name: FN M-83-052 $45000 FINANCIAL WARRANTY
• From: MLRD
• To: MARATHON GOLD CORP
• Media Type: D
• Archive: No

STAFF WOULD RECOMMEND THAT THE BOARD FIND A VIOLATION FOR FAILURE TO
MAINTAIN FINANCIAL WARRANTY AS REQUIRED BY 34-32-117(6) , ISSUE A CEASE AND
DESIST ORDER WITH THE CORRECTIVE ACTION THAT A NEW FINANCIAL WARRANTY BE
SUBMITTED BY DECEMBER, 19, 1986, WITH THE STIPULATION THAT UPON
RECEIPT OF FINANCIAL WARRANTY THE DIVISION IS AUTHORIZED TO LIFT THE
CEASE AND DESIST, AND SCHEDULE THE MATTER FOR CONSIDERATION OF CIVIL
PENALTY AT THE JANUARY BOARD MEETING. THE STAFF WOULD FURTHER RECOMMEND
THAT IF FINANCIAL WARRANTY IS SUBMITTED BY THE DECEMBER 19 DEADLINE DATE
THAT THE MATTER OF CIVIL PENALTY BE DROPPED. STAFF WOULD ALSO RECOMMEND
THAT IF NO FINANCIAL WARRANTY IS SUBMITTED THAT THE MATTER BE SCHEDULED
FOR REVOCATION OF PERMIT AND FORFEITURE OF FINANCIAL WARRANTY AT THE
JANUARY BOARD MEETING.