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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 />COLORADO <br />D I V I S ION OF <br />RECLAMATION <br />MINING <br />SAFETY <br />April 15, 2010 <br />Mr. Timm Comer <br />Cripple Creek & Victor Gold <br />100 N. Third Street <br />P. O. Box 191 <br />Victor, CO 80860-01.91 <br />Bill Ritter, Jr. <br />Governor <br />James B. Martin <br />Executive Director <br />Loretta E. Pineda <br />Director <br />Re: Cresson Project, Permit No. M-1980-244, Technical Revision Approval, Revision No. TR-58 <br />Dear Mr. Comer: <br />On April 15, 2010 the Division of Reclamation, Mining and Safety approved the Technical Revision application <br />submitted to the Division on March 29, 2010, addressing the following: <br />Expansion of the "B" Train Carbon Column, Process Fluid Improvement and Phase I Auxiliary Caisson <br />Installation on the Valley Leach Facility. Phase I <br />The terms of the Technical Revision No. 58 approved by the Division are hereby incorporated into Permit No. M-1980- <br />244. All other conditions and requirements of Permit No. M-1980-244 remain in full force and effect. <br />• The calculated reclamation warranty for this TR IS $133,866.00. When Amendment # 9 was approved by the <br />Division Director on December 12, 2008, the total financial warranty for the site was calculated at, <br />$98,994,665.00. At present the Division is holding a warranty in the amount of $81,953,871.21 thorough the <br />construction and certification of the Phase V valley leach Facility, prior to the application of solution, of which <br />$400,000.00 was fc'r future incidental revisions. The additional financial warranty in the amount of $ <br />17,040,794.00 will be posted once the valley leach facility RE certification report is accepted by the Division. <br />After the approval of this revision # 58, CC&V will have in place an extra $266,134.00 for incidental revisions. <br />If you have any questions, please contact me. <br />Sincerely, <br />lerhan ?Keffelevw <br />Environmental Protection Specialist <br />Office of Office of <br />Mined Land Reclamation Denver Grand Junction Durango Active and Inactive Mines