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<br />Proposed Decision <br />Based on the findings of this document, the Division finds that <br />Energy Fuels Coal, Inc., P.O. Box 449, 1190 County Road 92, <br />Florence, Colorado 81226 has filed a complete bond release <br />application. The Southfield Mine is eligible for a reduction in <br />bond for the 51 proposed drill holes that were not drilled under <br />the 1985 drilling project, and a Phase i and Phase II bond release <br />for the six holes that were drilled under the drilling project. <br />The Division also finds that the Southfield mine is eligible for a <br />Phase II release of the 1988 drilling project. Specifically <br />excluded from the release is the required work indicated on page 4 <br />of this document. <br />The 1985 and 1988 drilling projects are located in Fremont County <br />in Township 205., Range 69W., NW 1/4 Sec. 30, SW 1/4 Sec. 30 and <br />Township 205. Range 70W., NE 1/4 Sec. 25, NW 1/4 Sec. 25, SE 1/4 <br />Sec. 25, NE 1/4 Sec. 26. The sites can be located by reviewing the <br />Rockvale 7 1/2 minute USGS quadrangle. <br />Rule 3.03.1(3)(d) requires that the Division retain, at a minimum, <br />sufficient bond to complete the approved reclamation plan. The <br />Division has reviewed its bond calculations and finds that <br />sufficient bond is held by the Division to assure responsibility <br />for successful revegetation during the minimum period of liability. <br />Sufficient bond is held by the Division to allow for the proposed <br />releases. <br />Of the original $25,400.00 bond established for the reclamation of <br />the 1985 drilling project, the Division proposes to initially <br />reduce the bond to $2,675.00. Subsequently, Phase I and Phase II <br />bond releases for the remaining six holes will further reduce the <br />bond to $1,160.00. <br />Of the $3,600.00 currently held for reclamation of the 1988 <br />drilling project, the Division proposes a Phase II release of <br />$2,250.00, retaining $1,350.00. <br />The Division finds the remaining bond amount of $2,510.00 <br />($1,160.00 for the 1985 drilling project and $1,350.00 for the 1988 <br />drilling project) sufficient to complete all remaining reclamation <br />of the drill sites. <br />Comments regarding the proposed decision can be sent to the <br />Division at 1313 Sherman St. Room 215, Denver, Colorado 80203. <br />c:\wp51\esc\920901a <br />5 <br />