2008-12-03_REVISION - M1980244

• Permit No: M1980244
• IBM Index Class Name: REVISION
• Doc Date: 12/3/2008
• Doc Name: Amendment Approval
• From: DRMS
• To: CC&V
• Type & Sequence: AM9
• Email Name: BMK
• Media Type: D
• Archive: No

STATE OF COLORADO
DIVISION OF RECLAMATION, MINING AND SAFETY
Department of Natural Resources
1313 Sherman St., Room 215
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
COLORADO
D I V I S I ON OF
RECLAMATION
MINING
SAFETY
Bill Ritter, Jr.
December 3, 2008 Governor
Harris D. Sherman
Gary Goodrich Executive Director
Cripple Creek & Victor Gold Ronald W. Cattany

100 N. Third Street Division Director
P. O. Boxl91 Natural Resource Trustee
Victor, CO 80860-0191
Re: Cresson Project, Amendment Approval, Permit No. M-1980-244, Revision No. AM-9
Dear Mr. Newcomer:
On December 3, 2008 the Division of Reclamation, Mining and Safety approved the Amendment application submitted
to the Division on April 28, 2008, addressing the following:
1) Add additional mining areas associated with the Main Cresson Mine, the WHEX area of the East Cresson Mine, and
the North Cresson Mine to include expansion of the Schist Island mine area and re-mining of the Globe Hill Deposit.
2) Haul Road to connect the new mining areas, Load out Bin, and the Phase V of the VLF.
3) An ECOSA and an extension to the SGOSA (East Cresson and Squaw Gulch overburden storage areas)
4) A Phase V extension to the VLF to Arequa Gulch and appropriate modification of the drainage and storm water
management plan to Arequa Gulch to accommodate the extension.
5) An increase in the placement of ore on portions of Phase I-IV of the existing VLF, from approximately 590 feet above
liner system to a height of approximately 800 feet.
6) Add a modified enrichment circuit to recalculate leach solutions more efficiently to load leach solutions with gold.
7) Change of the fuel and crusher supply access route from Areqau Gulch to a new access from the Ironclad area to the
crusher area.
8) The Coblentz geology building to be rebuilt near the Ajax head frame and the crusher facilities to be relocated to an
area near the secondary crusher building.
9) Incorporate M-1991-134 9 the Cameron Mine into permit # M-1980-244 (Cresson Project). Details of the amendment
application can be found in the seven volumes submitted to the DRMS on April 15,2008.
The terms of the Amendment No. 9 approved by the Division are hereby incorporated into Permit No. M-1980-244.
The DRMS Director signed and approved the Amendment application with conditions on November 10th 2008. The
conditions are attached with this approval letter . Please note that all other provisions of Permit No. M-1980-244 remain
in full force and effect.
The revised estimated liability amount of $98,994,665.00 surety exceeds the required surety performance bond currently
held. CC&V and DRMS have agreed to post the additional warranty, in the amount of $54,280,734 in phases and
consistent with CRS 34-32-117(4)(b)(1). The First phase, which is the construction phase in the Amount of
$36,594,665.00, will be posted with in 60 days or by February 4th 2009. The second Phase in the amount of $
17,686,069 will be posted once the Phase V valley leach facility is constructed and certified and prior to loading
ore, in the year 2011. Please note, areas covered under Amendment 9 can not be affected until the warranty is
accepted and a written notice is provided by the DRMS, bonding staff, Elizabeth Taliaferro.
Office of Office of
Mined Land Reclamation Denver a Grand junction • Durango Active and Inactive Mines