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• affected acreage of the Amendment No. 8 approval (i.e. certain ancillary disturbance <br />areas will now become mining areas or certain VLF areas or overburden storage areas <br />will now become mining areas or VLF areas, respectively). A revised closure and <br />reclamation financial warranty estimate is included in this application for the proposed <br />MLE as well as the remainder of the Cresson Project in order to appropriately adjust the <br />financial warranty for the changes in use and to adjust all unit costs and labor rates to <br />2008 dollars. <br />• <br />C~ <br />1.2 Background of the Site <br />The District has produced over 25 million ounces of gold since its discovery in 1891. <br />Initially, most of the mining was by underground methods; however since the 1970s, <br />there has been a conversion to surface mining and heap leaching for mineral recovery. <br />Permit M-1980-244 was issued in April 1981. Subsequent amendments to the permit <br />(Amendment Nos. 1 through 8) have modified site activities with the more recent <br />authorizing the present surface gold mining, processing, and recovery operations. <br />The most recent amendment was submitted to the OMLR in March 2000 as Amendment <br />No. 8 and was approved in August of 2000. Amendment No. 8 was based on the ongoing <br />exploration discoveries with incorporation of additional ore into the mining plan and the <br />corresponding need for extension of the overburden storage areas, the VLF, and ancillary <br />facilities. Specifically Amendment No. 8 included: <br />1) Continued surface mining in the Main Cresson Mine, in the East Cresson Mine, and <br />in the North Cresson while extending the mine areas for both <br />2) Enlargement of the two active Overburden Storage Areas (Arequa Gulch and Squaw <br />Gulch) <br />3) Construction of a new crusher <br />4) Extension of the VLF <br />5) Expansion of the processing facilities <br />6) Construction of new maintenance facilities <br />7) Increased ore and overburden mining and processing rates <br />8) Associated extension of the infrastructure supporting these elements such as haul <br />roads, vehicle access roads, utilities, and surface water diversion systems. <br />1.3 General Project Description -Cresson Mine Life Extension <br />As a result of the increases in gold ore reserves realized through ongoing exploration <br />within the approved affected area, CC&V is proposing to extend mining slightly in two <br />Cripple Creek & Victor Gold Mining Company <br />Cresson Project Mine Life Extension <br />1-2 <br />