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Peak Project Management LLC <br />34115 County Road 20.8 <br />Trinidad, CO 81082 <br />Te!®phone/Fax: (719) 846975 <br />Via Certified Mail 7002 2410 0004 3373 1018 <br />Septembea 13, 2006 <br />Mr. 8t Ms. Jmwes Tatum <br />125 North Commeffcial St. <br />Trinidad, CO 81082 <br />Notice is hereby given that a Phase III hood release application to release 57.1 acres at dte Golden F.agte <br />Mine, Pcmtit Number C-81-013 issued on January 25, 1984 will be filed with the Colorado Division of <br />Reslattiinion, Mining and Safety. Basin Resources Inc. is the applicam and its business address is 2 North <br />Cascade Avenue, 14°i Floor, Celorado Springs, CO 80903. The Golden Eagle mine is located in tas <br />Aititnas Cotmry, Colorado about 24 nines west of lritudad L"olorado oa boru private and public lands. <br />Those lands include Sectiaas 28 and 29, and adjoining areas to the south in Township 33 South, Range fi7 <br />West and ere located an the USGS 7.5 mtrurte Vial quadrangle. This application excludes abot 1.2 acres <br />of reclmnsuion at the NW-1 vent shaft site. <br />This Phase III bond rslcttt~o application pe~tuina 20 the :.:~ °^~fi completion of the reclapoati0a plan for the <br />Rangeland and Irrigated Pasture Reclaimed Areas of the Golden Eagle Mine. The wajority of each <br />reclaimed azea was reclaimed in 1996, with reclamation of two seditaetrtaaea ponds and associated <br />diversion ditches completed m t>ecember of 15"18. The approved post-mit~nag land use deslgoad'pns are <br />irrigated pasture and raageland/wildlife. Success criteria for approval of Phase Ill bond release ine~ude; at <br />least tw Years since Initial revegetation; a IDitrimtrrra of rive years since the last seeding, fertilizing, rill and <br />gully repair, or othtr work has been conducted on the area; and achievement of revegetatien success crrtetia <br />during the last two years of dte bond liability period. Basin. Resources Inc. has satisfied all the Phase ITI <br />Bond Rnleox regarcaments inchtding achievement of nvegetaeion standards for vegetative cover and <br />herbaceous produetien as stipulated in Permit Number C-81-013. If approved the ctnrent corporate surety <br />bond of $141,892.49 would be roduced by $105,358 to a .w~--a liability of $3b,534, <br />Written comments, objections, pr trgnest for a public hearing ar informal conference on the applieadoa <br />must be submdtud W the Colorado Division of M'memis and Geology, 215 Centennial Building, 1313 <br />Sherman Street, Denver, Colorado 80203 within 30 days of either the date of this notice or the bond release <br />inspection, whichever occurs later. <br />Sincerely, <br />~{1,.,,,~9.,~~~,tr..~f <br />LI 3rJtid W(lltil WIf 69T094861L SS~EI L00Z/6Z/Z0 <br />