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�TA TT OF COWRADO <br /> DIVISION OF MINERALS AND GEOLOGY ggg <br /> of <br /> Department of Natural Resources <br /> 1313 Sherman Room 215 <br /> Denver,Colorado 80203 <br /> Phone.(303)866 3567 <br /> FAX:(303)832-8106 <br /> DEPARTMENT OF <br /> April 23, 1996 NATURAL <br /> RESOURCES <br /> Mr. Joseph Dodge Roy Romer <br /> Governor <br /> Penn Mountain Mining Inc. fames S.Lochhead <br /> 1226 Elm Avenue Executive Director <br /> Canon City, CO 81212 Michael B.Long <br /> Division Director <br /> RE: Bullger Basin Placer, Permit No. M-85-022 <br /> Dear Mr. Dodge: <br /> The Mined Land Reclamation Board conducted a formal public hearing on October 19, 1995, and <br /> issued the enclosed order to revoke Permit No. M-85-022 and forfeit the financial warranty. <br /> Your attention is called to the following provision of C.R.S. 34-32-118: <br /> (5) Funds recovered by the Attorney General... shall be held in the account described in <br /> Section 34-32-122 and shall be used to reclaim lands covered by the forfeiited warranties. <br /> The Board shall have a right to entry to reclaim said lands. Upon com letion of such <br /> reclamation, the Board shall present to the financial warrantor a full accounting and shall <br /> refund all unspent moneys. <br /> (6) Defaulting operators shall remain liable for the actual costs of reclaiming)affected lands, <br /> less any amounts expended by the Board pursuant to subsection (5) Of this section, <br /> notwithstanding any discharge of applicable financial warranties. <br /> If you have any questions, please contact Barbara D. Chiappone. <br /> Sincerely. <br /> MICHAEL B. LONG <br /> Director <br /> MBUBDGamm <br /> Enclosure <br /> CERTIFIED MAIL IVO. Z 416 876 933 <br /> Return Receipt Requested <br /> cc: First Security Bank of Utah, w/enclosures <br /> CERTIFIED MAIL NO. Z 416 876 934 <br /> Return Receipt Requested f.\055\jmmrpodge.bdc <br /> Carl Mount, DMG <br /> Barbara Chiappone, DMG <br /> I <br /> I <br />