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SL -03 Phase H (for maj-orh of disturbed areal <br />Surety Release No. 3 (SL -03) was a Phase 11 bond release for the main body of reclamation as <br />shown on Figure A -1 of the SL -03 application on lands located in section 29, T33S, R67W. The <br />cumulative total acreage of areas labeled A through R on Figure A -1. equals 51.26 acres. <br />Specifically excluded from this Phase II request are three small reclaimed areas; the NW -1 <br />ventilation shaft and road, the Lower Apache Canyon ventilation shaft, and the Upper Apache <br />Canyon ventilation shaft. The NW- 1*disturbance was reclaimed and re- seeded in 1999. The <br />Apache Canyon reclaimed areas were originally disturbed under the New Elic Mine permit ( #C- <br />81 -012) but incorporated into the Golden Eagle mine permit (#C -81 -013) under SL -02, Industrial <br />Land Use Bond Release and Release of Liability of Areas Over Underground Workings. Both <br />Apache Canyon sites have also been reclaimed. <br />Bond release application (SL -03) reduced the required bond amount by $1.92,501, leaving <br />$173,094, or 15% of the original bond ($1,153,959) for reclamation of Golden Eagle. (15% X <br />$1,153,959 = $173,094). <br />SL -04 Phase I NW -1 Ventilation Shaft <br />Two revisions to the permit have modified the required reclamation bond liability since the <br />• approval of Bond Release No. 3 (SL -03). Technical Revision No. 54 (TR 54) reduced <br />hydrologic monitoring and approved a bond reduction of $40,375.00. Then, as a result of <br />Technical Revision #55 (TR 55), the required total bond amount for the NW 1 shaft was <br />increased from $17, 421.00 to $91,335.00. Since the Division already held. $17,421.00, it was <br />necessary to increase the required bond amount by $73,914.14, that when added to the existing <br />liability of $132,719 resulted in the current required bond amount to be held by the Division of <br />$206,633.14. The applicant is requesting the maximum allowed bond amount of $54,801.00, <br />which is 60% of the NW-1 vent site reclamation liability amount of $91,335.00, be released as a <br />result of this Phase I request. Table C below details the changes to the bond amount as a result of <br />previous bond releases and recent revisions. <br />Table C <br />Application <br />Pre- release <br />HK,h <br />Post - release <br />liability <br />Comments <br />Phase I (SL -01) <br />.$1,153,959 <br />$477,085 <br />$676,874 released <br />Industrial (SL-02) <br />$477,085 <br />$365,595 <br />$111,490 released <br />Phase II (SL -03) <br />363,595. <br />$173,094 <br />15 % of $1,153,959 <br />11 i <br />t <br />TR --54 <br />$173,094 <br />$132,719 <br />Bond reduction <br />TR 55 <br />$132,719 <br />$206,633.14 <br />NW-1 increase <br />x <br />