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Idarado Mining Company <br />2009/2010 Annual Report <br />Permit Number: M-1977-403-HR <br />Anniversary Date: July 1, 2010 <br />Idarado Mining Company (IMC) is implementing remediation and reclamation activities <br />as per the Consent Decree (D. Colorado Civil Action No. 83-C-2385) between the State <br />of Colorado Department of Public Health and Environment, the State of Colorado Office <br />of Attorney General, and IMC. <br />All field reclamation and remediation activities prescribed and required with the <br />Remedial Action Plan (RAP) as amended to the Consent Decree have been completed <br />and monitoring and maintenance of these reclamation and remedial activities are being <br />conducted and will continue to be conducted, at least until calendar year 2011. <br />Site activities conducted during the anniversary year included: <br />1. RAP monitoring and maintenance (i.e, soil erosion, slope stability, revegetation, <br />diversion structures, etc.) were conducted where monitoring activities <br />determined repairs or maintenance was required. Spring and fall season <br />diversion channel debris removal and channel repair was conducted at the Red <br />Mountain and Telluride operations, as necessary. Debris removal, clean out and <br />repair of the High Country channels was conducted during the summer when <br />roadway access allowed entrance to the High Country areas. Periodic water <br />quality monitoring as per the schedule and requirements prescribed in the RAP <br />was conducted. All monitoring and maintenance activities under the RAP were <br />completed to the specifications and requirements of the RAP. Water <br />management from the Red Mountain and Telluride mine workings was <br />conducted throughout the reporting period in accordance with the provisions of <br />the RAP. <br />2. Mining and milling operations associated with the Idarado Red Mountain, <br />Telluride and High country locations are not and were not operational during <br />the permit year. No mining, beneficiation, or waste rock/tailing disposal <br />operations were conducted during the permit year. <br />3. As discussed in previous annual reports, reclamation work permitted under a <br />2004 Technical Revision JR) was completed during the 2005/2006 anniversary <br />year. No further work in the area has been conducted or is contemplated, unless <br />some of the material placed at this site is used for bare ground remediation. If <br />the site is disturbed due to using some of the material as borrow material for <br />bare ground remediation, the Division will be notified prior to commencing <br />these activities and the site will be reclaimed in accordance to the specification <br />of the TR.