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iv (Form 2- Public) <br />Disputes relating to designation of confidentiality may be resolved by the Prospector removing the <br />confidentiality designation by the Prospector or by Board determination. If the Prospector chooses to request <br />a Board determination regarding confidentiality, then the Prospector must request a Board hearing and <br />determination within the 30 days following Division notification of the Division's disagreement as to any <br />confidentiality designation. The request for determination will follow the procedures of Rule 1.4.11, and any <br />Board hearing will be held in Executive Session since issues of confidentiality will be at issue. The DRMS <br />will not issue an approval decision and the applicant is not authorized to commence prospecting operations <br />until all deficiencies, including confidentiality issues, are resolved. <br />PROSPECTING ON FEDERAL_ LAND: <br />The Division has entered into cooperative agreements with the U.S. Bureau of Land Management (BLM) or the U.S. Forest <br />Service (USFS) to coordinate the review of NOls and the posting of financial warranties. The primary goal is to ensure that <br />the agencies minimize duplication of functions and thereby minimize regulatory duplication imposed upon prospecting <br />operations. The Division assumes the primary responsibility for the administration, review, and permitting of NOIs. The <br />prospector is required to document that the NO] has been sent to the BLM or the USES. Upon receipt of the NOT, the <br />Division will notify the appropriate BLM or USFS office and forward a copy of the NOT. Processing of the NOI will not <br />begin until the prospector has submitted evidence acceptable to the Division that the NOT was sent to the BLM or USES. <br />FINANCIAL WARRANTY: <br />A financial warranty must be provided and approved prior to the entry upon lands for the purpose of prospecting. The <br />prospector can either file a "One Site Prospecting Financial Warranty" or a "Statewide Prospecting Financial Warranty." <br />The One Site Prospecting Financial Warranty is usually filed by individuals or small companies where prospecting activities <br />are limited to a single area. It must be filed in the amount of $2,000 per acre for the land to be disturbed, or such other <br />amount as determined by the Division, based on the projected costs of reclamation, taking into account the nature, extent, <br />and duration of the prospecting operation and the magnitude, type and estimated cost of the planned reclamation. A <br />Statewide Financial Warranty is usually filed by larger companies with multiple prospecting sites. It must be filed in an <br />amount equal to the estimated cost of reclamation per acre of affected land for all anticipated sites statewide. (You may <br />increase the Statewide bond at any time in order to cover additional or expanded prospecting activities.) The financial <br />warranty must be submitted and approved by the Division prior to entry upon lands for the purpose of prospecting. <br />The financial warranty will be retained by the Board until the prospector has completed reclamation of the prospecting site <br />and has been released, in writing, of reclamation responsibility. Financial warranty forms can be downloaded from the <br />Division's Internet web page located at mining.state.co.us. <br />PLAN MODIFICATIONS: <br />Modifications to an existing NOT must be submitted in writing and approved in advance of such activity. Modifications <br />shall be reviewed by the Board or Office in the same manner as new NOis, use the same NOT form, and include <br />confidentiality designations. Prospectors must fill out sections of the NO[ form that will change and indicate the sections <br />that will not change;. Prospectors must designate each portion of the n odified NOT they believe are to remain confidential, <br />Please note that under SB 223, all information provided to the Board in an NOl or a modification of an iv01 is a <br />rnatter or public record including, in the case of a modification, the original notice of intent, unless that <br />information relates to the mineral deposit location, size, or nature or is designated by the Prospector as <br />proprietary or trade secrets or that would cause substantial harm to the competitive position of the <br />Prospector. Accordingly, the Prospector should also designate the information in the original N01 that it <br />believes is confidential if it has not already done so. <br />The Board shall determine (where there is a question) if an NOI can be modified or requires the filing of a new NOT in <br />accordance with Rule 1.4.11. If the Division deiennines that the propose=d modification (or new NOI) requires the posting of <br />an additional reclamation bond arzcxtnt to cover increases' costs of recla.nzatiott caused by the modification (or new NOI), the, <br />?tit'?I holder enact submit and the Di0sion must approve; the suppiemental or additional bond to cover such increased <br />re:.clainAtion costs before the NOT holder may undertake any additional or different activities described in the modificaiicri