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~ ~~ <br />~, <br />®~o®®~ <br />~~ als ~ .~ . ~:: <br />a •sso• • <br />.. <br />February ~;8, 2008 <br /> <br />® esource ~ <br />s <br />Gold & Silver Exploration <br />Mr. Ron Cattany <br />Director/N:atural Resource Trustee <br />Department of Natural Resources <br />Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />~~C~9~lE® <br />MAR 1 9 2008 ~ <br />Division of Reclamation, <br />Mining and Safety <br />Reference: Brief Environmental Policy Point List / <br />Calais Resources Inc. Consolidated Caribou Mines <br />Project /Caribou, Colorado N(- (q }~ . y (t~ '~ <br />Dear Ron: <br />Thanks for taking the time to meet with us recently to go over our future plans <br />for our small, high grade pilot plant operation at Caribou. You asked me in that <br />meeting to provide you with a brief summary of our environmental/community <br />involvement policies. Though the policies in detail would take many pages to cover, I <br />have tried to simplify them into a sort policy point list for you. <br />Introdnctio:n: The mines at Caribou, Colorado in western Boulder County have <br />been in operation since 1869 a period of 139 years other than for the World War 11 <br />closure period. The district has produced in excess of 20 million ounces of silver and <br />300,000 ounces of gold from high grade underground veins to shallow depths. The <br />docamentedl potential for this district significantly exceeds the historic production <br />figares. The historic Cariboo Town site was one of the few original Cornish mining <br />camps in Colorado. Hendricks Mining Co, and now Calais Resources Inc. have been <br />consolidating, exploring, developing and producing at the Cariboo district since <br />1971 a period lasting 37 years. Since 1971, our companies have spent $ 22 million <br />dollars on this valuable project. There is no open pit deposit at Caribou and the ores <br />do not r~uire cyanide for reduction. Concentrates will be made from the use of tiny <br />quantities oif organic chemicals and mining will focus strictly by high grade <br />underground methods. The rocks and veins at Cariboo are not acid generating and <br />the mine water has a natural pH of 8 making it alkaline. <br />Environmental Policies <br />1. The existing surface plant buildings and facilities along with the construction <br />of additional new buildings will be color coordinated with the natural <br />surrounding environment. The operations will focus on noise and dust <br />abatement and recycling will be part of the entire operation. <br />2. The a~mpany plans to work closely with the Boulder County Parks and <br />Open Space Department and the Wild Bear Center for Nature and Discovery <br />P.O. Box 653 -Caribou • Nederland, CO 80466-0653 • Phone 303.258.3806 • Fax 303.258°0402 <br />Email•thomassh@earthlink.net • Website•wwrv.calaisresources.com <br />