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<br />NGnutes, October 21-22, 1992 <br />D RAFT <br />Subject To Board Approval <br />37 <br />S=aff Presentation by Jim Pendletcn (with Frank Johnson): <br />3S. DISCUSSION ITEM <br />SiFMMITVILLE CONSOLIDATED MINING CO., INC. File No. M-84-157 <br />GALACTIC RESOURCES, INC. <br />GALACTIC RESOURCES, LTD. <br />P. O. Box 2G <br />Del Norte, CO 81132 <br />Secs. 25, 29 and 30, R3E; Se:c. 25, R4E, T3N, N.M.P.M., Rio <br />Grande County, 1,231 acres; 1:12 open pit mine and cyanide heap <br />leach facility. Monthly progress report of administrative and <br />field activities completed (continued from the August 1992 <br />Board Meeting). <br />Staff presented the Board with a written update of the matter <br />(EXHIBIT A), including an amended schedule from August through <br />February of 1993, and discussed it briefly. Staff said the <br />Critical Path Schedule includes the dates for review and <br />approval of the permit amendment due to be submitted to the <br />Division on November 30, 1992, in accordance with the amended <br />Settlement Agreement. <br />Staff said the amendment will include the results of the <br />various analytical studies being conducted at this time, as <br />well as the application of the studies toward the development <br />of a plan that would detoxify the heap and provide for its <br />final reclamation, as well as reclamation of the remainder of <br />the site. <br />Staff also discussed the amount and types of reclamation that <br />had been completed by the operator to date which amounted to <br />over $1 million spent by the operator, Staff the Division <br />feels the operator will complete all of the items listed <br />according to the Schedule, because they are still solvent and <br />the work is proceeding. <br /> <br />