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STATE OF.COLOKADO' <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 RECEIVED Denver, Colorado 80203 DIVISION O F <br />Phone: (303) 866-3567 ?? MINERALS <br />FAX: (303) 832-8106 APR 1 2002 & <br />GEOLOGY <br />S'liSlgr; 0 ,'°'Jner is and "Geology R E C L A M AT I O N <br />MINING-SAFETY <br />FINANCIAL WARRANTY <br />CERTIFICATION OF DEPOSIT Bill Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />Michael B. Long <br />Operator: MOORES MINING RANCHING & MILL Division Director <br />Operation: MOORES PIT GRAVEL EXTRACTION ?' (0 LC 6 co <br />PermitNo.: M-80-178 <br />Bank: GRAND MAI,T,FY NATIONAL BANK <br />Street: 725 N. 7TH ST. <br />City: GRAND JUNCTION <br />State: COLORADO Zip Code: 81501 <br />Area Code: 970 Telephone: 241-4400 FAX: 970 24183940 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101, et §,% (the "Act"), as amended, <br />provides that no permit may be issued under the Act until the Mined Land Reclamation Board (the "Board") receives a <br />Financial Warranty (or Warranties) as described in the Act. <br />WHEREAS, MOORES MINING RANCHING & MILL (the "Operator), a PARTNERSHIP <br />corporation, has applied for a permit to conduct a mining operation known as. MOORF' PTT <br />.(the "Operation"), on certain lands in MESA County, Colorado. These lands are described <br />in the permit application, as amended and supplemented, and are referred to herein as the "Affected Lands." <br />WHEREAS, in the application for the permit, the Operator has agreed to be bound by all requirements of the Act <br />and all applicable rules and regulations of the Board, as amended from time to time. <br />WHEREAS, in the application for the permit, the Operator has agreed with the Board to provide for reclamation <br />of the Affected Lands that are now, or may become, subject to the permit, as required by law. <br />WHEREAS, the Board has determined, in accordance with the Act, that the estimated costs of reclamation of the <br />Affected Lands are those amounts for the stated periods of time asset forth herein. Said amount maybe amended from time <br />to time to reflect revised estimates of said costs of reclamation. <br />WHEREAS, the Operator, in accordance with the Act, has promised and hereby promises the Board that it will be <br />responsible for. all the estimated costs of reclamation with regard to the Affected Lands.