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FROM DON, CORAM GOLD EAGLE MIND PHONE NO. 9702490731 . Feb. 18 1998 04:26PM P20 <br /> i <br /> STATE OF COLORADO <br /> DIVISION M1NEfLLLS ces GEOLOGY <br /> �. Departmem of of Nuu21 Resources <br /> 1313 Sherman SL,Room 215 <br /> Phonhon e;(303)866-6.3567 <br /> FAX:(303)832-8106 170t7 <br /> TRANSFER OF MINEM NRECLAMATION PERMIT <br /> D NATURAL <br /> SUCCESSION OF OPERATORS RESOURCES <br /> APPLICATION PACKAGE Rey Rmc <br /> Ge-cmm <br /> Ken Salazar <br /> Exec-i. Direnor <br /> Applicability - Michael S.Long <br /> Dwisip Diaz, <br /> This document applies to mining operations where the current permitted mine operator <br /> wishes to transfer the Reclamation Permit and permitted reclamation responsibilities :o <br /> a Successor Operator (a new operator) . Please follow the instructions provided in this <br /> package for filing an application; Mineral Rules and Regulations Number 1 .7 (Permit <br /> Transfer application requirements) should also be reviewed prior to completing this form. <br /> Filing Requirements <br /> To apply for a transfer please submit the following to the Division: <br /> 1) A "Transfer of Permit .and. S.uccession of Operator" application form, signed and <br /> notarized by BOTH the current permittee and successor operator; <br /> 2) The Apo katloii- Fee of $100.00; <br /> 3) A Performance Warranty Form bearing an original notarized signature of the <br /> successor operator;' and, <br /> 4) Financial Warranty: <br /> A) You have the option to WAIVE YOUR RIGHT to a thirty (30) day processing time <br /> to allow the Division time to recalculate the required financial warranty; or, <br /> B) You may choose NOT TO WAIVE YOUR RIGHT to a thirty (30) day processing time. <br /> In such case,. the Division will recalculate the required financial warranty <br /> within sixty (60) days from the decision date. The required RECLAMATION BOND <br /> COULD. BE SUBSTANTIALLY INCREASED at that time. If the financial warranty is <br /> increased, you will then be required to post the additional financial <br /> warranty. <br /> This application package contains the "Transfer of Permit and Succession of Operator" <br /> application form, and a Performance Warranty form for your use. Rule 7.4 of the Mineral <br /> i. Rules and Regulations describes the various acceptable Financial Warranty types, Please <br /> contact the Division to obtain the appropriate Financial Warranty form. <br /> Upon submittal of this application, the application fee; and the replacement performance <br /> and financial warranties the Division of Minerals and Geology (the "Division") will <br /> review the reclamation costs of the permitted operation. The Successor Operator must <br /> post a new bond prior to approval of the permit transfer. The Successor Operator will <br /> be notified if. additional reclamation bond is required within 60 days of approval if you <br /> do not wave your right to a decision within 30 days. The Division will notify both <br /> operators upon completion of the permit transfer. <br />