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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 />June 7, 2010 <br /> <br />JUN 0 9 2010 <br />GOA--? <br />COLORADO <br />D I V I S I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Preston Niesen Divisiaan of Reciamakn, Bill Ritter, Jr. <br />Golden Eagle Uranium, LLC Uning and Safety Governor <br />James Martin <br />6767 S. Spruce Street Suite 100 Executive Director <br />Centennial, Colorado 80112 <br />RE: DOE Lease SR-15A, Notice of Intent (NOI) Application, P-2010-009, Review and Financial Warranty. <br />Dear Mr. Niesen, <br />The Division of Reclamation, Mining, and Safety (DRMS) has finished the review Golden Eagle Uranium's <br />application for the above referenced Notice of Intent. The project is for one drill hole approximately 600 feet in <br />depth and less than an acre of disturbance. All application issues appear to have been addressed to meet the <br />minimum requirements of the Rules and Act. <br />Due to the minimal surface disturbance of the project and only one drill hole staff feels the minimal bond required <br />per Rule 5.3.3 of $2,000.00 is sufficient. Per Rule 4.2.1(6) when mining on federal land and the land management <br />agency requires a financial warranty be posted the amount posted to the state shall be the difference between the <br />amount required by the agency and the state or a minimum of $100.00. In order for the Notice to become <br />approved and active the reclamation liability bond of $100.00 must submitted and accepted by the Division's <br />Denver Main Office. Additionally, proof of posting of a reclamation bond in the minimum amount of $1,900.00 <br />with DOE must be submitted to the Division. <br />Please submit all bonding documentation to Elizabeth Merry in the DRMS Denver Office. If there are any questions <br />regarding those documents please contact Elizabeth at 303-866-3567, Extension 8148. As a reminder, no <br />disturbance can begin on site until Golden Eagle receives bond acceptance and activation documentation from the <br />Division and DOE <br />If you need additional information please contact me at the Division of Reclamation, Mining and Safety, Grand <br />Junction Field Office, 101 S. 3rd St., Suite 301, Grand Junction, Colorado 81501, or by telephone no. 970.241.1117. <br />Sincerely, <br />-,o 4y1P--- <br />G. Russell Means <br />Environmental Protection Specialist II <br />Cc: Ed Cotter, Stoller / DOE <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines