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u~ <br />STATE OF COI01zAn~ <br />UIVI510N OF MINERALS AND GEOLOGY <br />Department of Naeural Resources <br />131 3 Sherman $I., Room :15 <br />Denver, Colorado BO?03 <br />Phone: 13031 86ti-35et <br />FAS: (3031 93,-8106 <br />RECEIVED <br />MAY 13 Zppy <br />Division of Minerals and GaolollY <br />FINANCIAL WARRANTY <br />CHECK FOR DEPOSIT IN STATE TREASURY <br />Operator <br />Operation <br />Permit No. <br />fi Minerals jX Ltd. <br />Mother Lode Mine <br />M-83052 Check No. <br />kTIOW ALL MEN BY THESE PRESENTS, THAT: <br />456227983 <br />~~ <br />DIVISION <br />MINERAL <br />&- <br />GEOLOG <br />R ECI~MATIp <br />MINING•S~FET <br />Ran r~...s <br />Greg E lValrne~ <br />Execunve D~reuar <br />M~chael8 long <br />Dirnm" D~reaor <br />~~t ~.~ <br />ooo.ac <br />3~a~1o~ 16e <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.RS. 1973, 34-32-101 et sec . (the "Act"), <br />as amended provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the <br />"Board") receives a fmancial warranty (or warranties) as described in the Act. <br />WHEREAS. Mining & Minerals II, Ltd. (the "Operator), <br />a Texa r im't d Par nPrch; ~ornoration, has applied for a permit to conduct a mining operation known <br />as Mother Lode Mine (the "Operation'), on certain lands in Moffat Counn', <br />Colorado. These are described in the permit application, as amended and supplemented, and are referred to <br />herein as the "Affected Lands". <br />WHEREAS, in the application for the permit the Operator has agreed to be bound by all requirements <br />of the Act and all applicable rules and regulations of the Board, as amended from time to time. <br />WHEREAS, in the application for the permit, the Operator has agreed with the Board to provide for <br />reclamation of the Affected Lamds, that arc now or may become subject to the permit, as required by law. <br />WHEREAS, the Board has determined in accordance with the Act that the estimated costs of <br />reclamation of the Affected Lands are those amounts for the stated periods of time as set forth herein. Said <br />amount may be amended from dine to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS. the Board has determined that the financial warranty by the Operator equals the estimated <br />costs of reclamatioD, as approved by the Board, with regard to the Affected Lands. <br />W'1IEREAS. the Operator, in accordance with the Act has promised and hereby pzomises the Board that <br />It will be responsible for all of the estimated costs of reclamation with regard to the Affected Lands. <br />