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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 />April 7, 2009 <br />COLORADO <br />D I V I S 10 N OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Mr. Chris Leone Harris D. Sherman <br />Journey Ventures, LLC Executive Director <br />P. O. Box 129 Ronald W. Cattany <br />Greeley, CO 80632 Division Director <br />Natural Resource Trustee <br />Re: File No. M-2008-080, Journey Ventures Pit, 112c Decision Letter - Conditions, Financial and Performance <br />Warranty Request - Construction Material Operation <br />Dear Mr. Leone: <br />On April 7, 2009, the Division of Reclamation, Mining and Safety approved your 112c mining permit application. The <br />conditions to the approval are noted below: <br />Stipulation No. Description <br />Journey Ventures, LLC shall request in writing to the DRMS that the financial warranty be increased prior to <br />opening an additional phase(s). An increase of the financial warranty shall be requested, and provided with the <br />letter to the DRMS, by Journey Ventures, LLC to its bonding/surety provider prior to opening and mining an <br />additional phase(s). The increased financial warranty and updated bond forms shall also be provided to the <br />DRMS from Journey Ventures, LLC's bonding/surety provider. <br />The amount of financial warranty set by the Division for Phase 1 is $17,579.00. You must submit a financial warranty in <br />this amount and a performance warranty in order for us to issue a permit. In the event you have requested a financial <br />warranty form, we have enclosed it in this letter. If you have not, please select a type of financial warranty from Rule 4.3. <br />Then contact us so that we can provide you with the appropriate warranty form. We have enclosed a performance <br />warranty form with this letter for your use. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS BEEN <br />ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL WARRANTY AND PERFORMANCE <br />WARRANTY. A PERMIT WILL NOT BE ISSUED UNTIL WE VERIFY THE ADEQUACY OF BOTH YOUR <br />FINANCIAL WARRANTY AND PERFORMANCE WARRANTY. <br />If you have any questions, please contact me at (303) 866-3567, x8116. <br />Sinc rely, <br />r <br />Michael A. Cun ingham <br />Environmental Protection Specialist <br />Enclosure <br />cc: J. C. York, J & T Consulting, Inc. <br />Tony, DRMS <br />. Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines