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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />August 26, 2008 <br />Travelers Casualty and Surety Company of America <br />One Tower Square <br />Hartford, CT 06183-6014 <br />Re: Golden Eagle Mine (Permit No. C-1981-013) <br />Bond Release Application No. 6 (SL-6) <br />Bond No. <br />Dear Sir or Madam: <br />COLORADO <br />D I V1 S I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />This letter, as required by Rule 3.03.2(5)(a) of the Rules and Regulations, is to inform you that the <br />Division of Reclamation, Mining and Safety has issued a proposed decision to Approve Bond Release <br />Application No. 6 for the Golden Eagle Mine. This decision will be published in the The Chronicle - <br />News as soon as possible. Publication of the notice initiates a thirty (30) day public comment period. <br />If, within thirty days, there are no requests for an adjudicatory hearing, the decision will become final. <br />The bond for the operation is a Corporate Surety issued by your company (Bond No. <br /> , in the amount of $206,634.00. The proposed release amount is $69,793.49 and <br />the remaining bond amount required to be held by the Division is $72,099.00. <br />Please be aware that this notification is not a request to initiate any action by Travelers Casualty and <br />Surety Company of America concerning Bond No. and is for your information <br />only. Should Basin Resources, Inc. chose to take action with regard to this bond release, they will <br />contact you. <br />If you have questions or need additional information, please contact me. <br />Sincerely, <br />4 <br />Kent A. Gorham <br />Environmental Protection Specialist III <br />cc: Johanna R. Cramer, CDMG <br />MAoss\AHD\temp\C-SL-17_C 1981013_KAG_082620081 15624. doc <br />Office of <br />Office <br />Mined Land Reclamation of <br />Denver • Grand Junction • Durango Art;,,. -A <br />1 ?.:., ..: