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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanmem of Nmuml Resources <br />131 3 Sherman Sr., Ronm ? 15 <br />Denver, Colorado 80'U3 <br />Phone: (1111) A66-5567 <br />FAX: 13031 D3?-K 106 <br />August 13, 1999 <br />Mr. Thomas Hendricks <br />Calais Resources Colorado, Inc. <br />Cross Mine Road <br />P.O. Box 653 -Caribou <br />Nederland, CO 80466-0653 <br />~ror Y <br />our ~rraspontlenCe F`/e <br />RE: C~}ss Mine, Permit No. M-77-410, Transfer of Permit and Succession of Operator <br />Approval and Request for Financial and Performance Warranties, SO-001 <br />Dear Mr. Hendricks: <br />On August 5, 1999, the Division of Minerals and Geology approved the Transfer of Permit and <br />Succession of Operator application submitted to the Division on May 20, 1999, addressing the <br />following: <br />Dls/I51 O N O F <br />MINERALS <br />GEOLOGY <br />RECLAMATION <br />MINING•SAFETY <br />8111 Owens <br />Governor <br />Greg E Watcher <br />Exec uuve Direao. <br />M~chaelB Lonq <br />Drvmnn D~reclor <br />Transfer of Permit No. M-77-410 from Hendricks Mining Company to Calais Resources <br />Colorado, Inc. <br />On your application form you initialed Option A, which specifies that the Division would recalculate <br />the required bond prior to approval of the transfer. The estimated liability of the reclamation bond has <br />been calculated to be $15,400.00. Please submit a financial warranty in the amount of 9.15,400.00 <br />within 60 days. The transfer of Permit No. M-77-410 will not be final until the bond is approved <br />by the Division. <br />If you have any question, please contact me or Barbara D. Chiappone, Minerals Division Program <br />Assistant. <br />Sincerely, <br />~~ ~-~- <br />~~~c <br />~~ <br />Christina L. Kamnikar <br />Environmental Protection Specialist <br />cc: Barbara D. Chiappone, DMG <br />A7:bss~pmm~emp4n77-J I Oso c IkAnc <br />