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STATE OF COLORADO <br />DIVISION OF RKLUNATION, MINING AND SAFETY <br />Deparnnent of NaNnl Resources <br />13t3 Sherman St, Room 215 <br />Denver, Colorado 80203 C O L O R A D O <br />r <br />tom: t3D3) 0663567 RECEIVED REC <br />LAMATION <br />FAX: (303) 832$106 MIN [ NG <br /> JUN 18 2007 F t <br /> S,4 <br />ETY <br /> Division of Reclamation, <br /> Mining and Safety <br /> Gill nine., lr. <br />_ Gwemor <br />TRANSFER OF PERMIT AND SUCCESSION OF OPERATORS ++a^'s D. Sherman <br />Executive Director <br /> APPLICATION FORM Ronald w. can,,,y <br /> Division Director <br /> Natural Resource Tnatee <br />The appliwtioo for a Tremfer oFPemrit and Stxceaeion of Openron nwst contain four (4) major parts: I) mApplication Form; 2) <br />m Applirsrioa Fer, 3) a Performance Warrmty (attached m part of the ApplicatioD Package) beatirrg the original notarized <br />sigrmluro of the Successor Operator; and, 4) a teplacemrent Financial Warranty provided by tha Successor Operaror; bearing an <br />origiml mmrized sigmture. To eapedix processing, please provide the infommtion im the foment end order described below. <br />F7NANCIAL~WA~RRANTY IlVFORMATION (Choose ONE Ootiou): <br />1.O~tlon A:/.c~.K,~6- /3d' I wish ro WAl V E MY RIGHT to a 30-day processing tine to allow the <br />(Initial & Date) Division of Reclamation, Mining std Safety to recalculate the Finamcial <br />Warmty requiremmta. If you choose Option A you should !~ submit a <br />Financial Warranty and Performance Warranty tmtil the Division notifies you <br />of ~ correct anmmt of your wermty requiremenb.' <br />2.OOtlon B: [ DO NOT W[SH TO WAIVE MY R[GHT to a 3f1-day processing time. I <br />(Initial & Datc) hereby subadt a replacemcm Fimr~ial Warranty for the same dollar amomt <br />as the Financial Warranty rroinmined by tlx current operator. i understand <br />that the Division of Recaammtion, Mining and Safety will raakulate the <br />requited reclamation bond within 60-days from the date flat the trarofer ie <br />corrgktad and the tequircd FINANCIAL WARRANTY COULD BE <br />SUBSTANTIALLY fNCREASED at that time. As the new operstor,l agree <br />ro be reaporoibk for posting any required irlcreeae a the financial warranty <br />for goad cause shown, in a Form acceptable ro the Board, within 60-days of <br />such notice. <br />Office of Office d <br />Mined Land Reclamation. ARive and Inactive Mines <br />