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Y_ <br />August 25, 2008 <br />Ventures Resources, Inc, <br />PO Box 1974 <br />Idaho Springs, CO 80452 <br />CO Division of Reclamation, Mining & Safety <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />Attn: David Bird <br /> <br />RE: Venture Resources Mining Permit Application # M-2008-037, Adequacy Review 01 <br />Dear Mr. Bird: <br />VtSCJ%J° <br />fAUU 2.7 2008 <br />lion of Keciamatlon, <br />ing and Safety <br />L/ <br />Concerning the Adequacy Review 01 for our project, we have addressed your comments as follows: <br />Rule 6.3.1 Exhibit A - Leval Description and Location May <br />1. We have amended Exhibit A to include a more reader friendly Vicinity Map (also detailing the mine entrance). <br />This is in addition to the already provided USGS survey map, as required in Rule 6.3.1(3). <br />2. The parcel of land you mention to the south-southeast of the Emma mine and the Affected Area is a previously <br />designated parcel of BLM land that has been privately acquired and legally combined with the MS#123 "Lucerne" <br />property. The ownership of this property has been established in Exhibit B. Attached to this letter is a copy of the <br />combination of lots agreement detailing this arrangement. <br />Rule 6.3.3 Exhibit C - Mining Plan <br />1. The Mining Plan has been revised to include that the mining operation will cease September 1, 2018. Please note <br />that the public notice and property owner notices did in fact include this information accurately. <br />2. This is to further clarify that any and all material (ore, waste rock, sub-grade ore, etc.) removed from the Emma <br />Mine will be removed to an offsite processing facility. The Mining Plan has been revised to reflect this more <br />clearly. <br />3. The testing information provided on processed tailings was declared representative in the original Exhibit C. As <br />we discussed at your field visit, we are applying for a mining permit for this mine and have yet to produce ore <br />specifically from this mine. We collected information from past operations conducted on material of similar <br />geology and chemistry that we anticipate encountering. Our discussion tended to lead towards a conditional <br />issuance of the permit (as you next address in #4), with the condition that actual sampling from the mine be done <br />prior to allowing tailings disposal. <br />4. We understand the additional testing stipulation to the permit issuance concerning tailings disposal. <br />5. Exhibit C has been revised to explain the access road condition and maintenance plan. <br />6. Exhibit C has been revised to include sourcing water from a commercial water tap and further detail water use in <br />the mining operation. <br />7. Should groundwater be encountered during the operation, a mitigation plan has been included into revised Exhibit <br />C. <br />8. Explosives may be used during the mining operation. Exhibit C has been revised detailing this information. <br />Rule 6.3.4 Exhibit D - Reclamation Plan <br />1. Reclamation costs have been added to a revised Exhibit D. In summary, a total of $6,050 is anticipated, the bulk <br />being for the shaft enclosure. <br />Rule 6.3.7 Exhibit G - Source of Legal Right to Enter <br />In addition to the previously submitted deeds and affidavits in Exhibit G, we are now providing the US Mineral <br />Surveys (with Patent notes) of the property and the intersecting properties nearby the Affected Area. This will <br />illustrate what is included or excluded with the Patent. We are also providing you with a tax receipt for the Emma <br />property showing that our Lessor, Red Tail XP, LLC, is indeed paying the taxes on the property.