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M <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanmenl of Natural Resources <br />1 S 13 Sherman SL, Room 215 ~ ~~~ <br />Denver, Colorado 80203 <br />Phanc: 1301) 8663567 <br />FAX: (3031 83b8106 <br />DEPARTMENT OF <br />August 3, 1997 NATURflI, <br />RESOURCES <br />Ray Fitzgerald Roy Romer <br />Governor <br />Telluride Mining Company, Inc. <br />tames 5. Lochhead <br />1155 Avenue of the Americas r„e~,,,he Dnecror <br />New York, NY 10036 Michael B. Long <br />Division Director <br />RE: C-JD-S Mine, Permit No. M-77-248, Transfer of Permit and Succession of Operator <br />Approval and Request for Financial Warranty, No. SO-2 <br />Deaz Mr. Fitzgerald: <br />On June 30, 1997 the Division of Minerals and Geology approved the Transfer of Permit and Succession <br />of Operator application submitted to the Division on May 19, 1997, addressing the following: <br />Transfer Permit from Blake Mining Company to Telluride Mining Company, Inc. <br />You initialed Option A, which specifies that the Division will recalculate the regttired bond prior to final <br />approval of the transfer. The estimated liability amount for the financial warranty is $21,865.00. If you <br />have not already done so, please submit a bond in the amount of $21,865.00. The Succession of <br />Operator will not be final until the bond is approved by the Division. <br />If you have any questions, please contact me. <br />Sincerely, <br />a.tis-e..ti.. <br />Tho as D. Gillis <br />enior Environmental Protection SpecL <br />cc: Dorothy Blake, Blake Mining Company <br />