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.~ '~ c <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanment of NaNral Resources <br />1 J13 Sherm+n St„ Room 17 S <br />Denver, Colorado 803D3 <br />Phone: (3031 866.3567 <br />FAX; 1303) 831.8106 <br />On~GINAL E;DND SIGNED BY <br />IAIDHREL B. LDIY3 <br />DEPOSE v TArETRFhSURER <br />EY <br />i <br />Operator: <br />Operation: <br />Permit No <br />ASPEN GOLD <br />ot=^.CI\i1-lJ <br />SEP 0 9 17~JG <br /> <br />FIIVANCIAL S'VARRANTY <br />LETTER OF CREDIT <br />A~•PEN GOLD PIT <br />++~*~'~ <br />r~~~ <br />DEPARTMFITf OF <br />NATURAL <br />RESOURCES <br />Roy Romer <br />Cae+rar <br />I+r+ks 5. IochF,cad <br />Eaennise Direow <br />Michael 8. Lon6 <br />Dlvbion Dirmw p• <br />I~-95-043 <br />Bank: <br />Street: <br />City: <br />State: <br />First National Bunk Cortez <br />P; O. Box Drawer A, 140 West I+lain Street <br />Cortez, <br />Colorado <br />Area Code: (97b) <br />Telephone: <br />Zip Code: 81321 <br />565-3781 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101 et srg, <br />(the "Act"), as amended, provides that no permit may be issued under the Act until the Mined <br />Land Reclamation Board (the "Boazd") receives a Financial Warranty (or Warranties) as <br />described in the Act. <br />PJHEREAS, Aspen Gold ~ (the "Operator"), <br />a t;onoral Partnarchin corporation, has applied for a permit to <br />conduct a mining operation known as A4Aen Gold Pit (the "Operation"), <br />on certain lands in nolDrPC County, Colorado. These ]ands aze <br />described in the permit application, as amended and supplemented, and are referred to herein <br />as the "Affected Lands". <br />PJHEREAS, as par[ of the application for the permit, the Operator has agreed to be bound <br />by all requirements of the Act and all applicable rvles and regulations of the Board, as amended <br />from time to time. <br />D~F-~`~'t4~lO 00207 <br />(1~~-illy <br />