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. <br />. ~ - ~ ~~ <br />~ ~ 5TA7'E OF COLOl~ADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Nawral Resources <br />1 313 Sherman it., Room 21 i `y <br />~~ <br /> <br />Denver, Colorado 80203 <br />Phone: 13031 866-3567 I <br />~~~~ <br />~ <br />RECEIVED <br />II <br />FAX: 13031832-8106 <br /> MAR 3 0 1998 NATURAI <br /> RESOURCE` <br /> Division of Minerals & Geology <br /> Roy Romer <br /> Governor <br /> FINANCIAL WARRANTY lames 5. Eochhead <br />Executive Director <br /> CERTIFICATION OF DEPOSIT Michael B. Long <br /> - Division Director <br />Operator: Walker Mining E Milling, Inc. <br />Operation: Ruby Trust Mine <br />Permit No.: M-79-181 <br />Bank: Colorado Community First National Bank <br />Street: 401 E. Main Street - P.O. Box 1189 <br />City: Montrose <br />State: Colorado Zip Code: 81402-1189 <br />~et$_~~~~ - ttn: ana <br />Area Code: ~a8 Telephone: FAX: <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101, <br />et sec . (the "Act"), as amended, provides that no permit may be issued under [he Act until the Mined <br />Land Reclamation Boazd (the "Boazd") receives a Financial Warranty (or Warranties) as described in <br />the Act. <br />WHEREAS. Walker Mining E Milling, Inc. (the "Operator), <br />a Colorado corporation, has applied for a pet~rtit to conduct a mining <br />operation known as Ruby Trust Mine (the "Operation"), on certain lands <br />in Ouray County, Colorado. These lands aze described in the permit application. <br />as amended and supplemented, and aze referred to herein as the "Affected Lands." <br />WHEREAS, in the application for the permit, the Operator has agreed to be bound by all <br />requirements of the Act and all applicable rules and regulations of the Board, as amended from time to <br />time. <br />