Laserfiche WebLink
5- <br /> <br />0 <br />Design and Operating Report <br />Technical Submittal <br />Revision 1 - April 20, 2009 <br />Hukill Gulch Mill Waste Facility <br />Unincorporated Clear Creek County <br />0 <br />1.8 Financial Assurance Criteria <br />1.8.1 Cost Estimates <br />Venture Resources, Inc. has worked with an independent, third-party contractor to arrive at cost estimates for <br />reclamation, closure, and post closure work. Doyle Construction, Inc. is a general contractor whom also <br />specializes in earthwork and excavation projects in Clear Creek, Gilpin, and Summit counties. They understand <br />the challenges of working in a mountainous environment and the logistics necessary to mobilize labor, <br />equipment, and materials necessary for this reclamation project. <br />Refer to Appendix K for a detailed cost breakdown and schedule for the reclamation, closure, and post closure <br />requirements of this project. Careful consideration was used at expressing cost elements on a unit cost basis <br />that can be reviewed as required by 1.8.3 (D). <br />1.8.14 Certificate of Deposit for Closure and Post-Closure <br />Venture Resources elects to select the financial instrument of a Certificate of Deposit for the Financial <br />Assurance requirements of Section 1.8 of the Regulations. <br />As estimated in Appendix K, it is felt that a renewable Certificate of Deposit in the amount of $28,000 for a <br />period of one (1) year will satisfy the requirements set forth in Section 1.8. This amount will be reviewed each <br />year of operations and adjusted as necessary. This amount not only covers Maximum Exposure at any period of <br />operations, but also would cover the prescribed Post Closure period. <br />3.3 Operating Criteria <br />3.3.1 General Data <br />Venture Resources, Inc. <br />Ryan McHale, VP Operations <br />1835 Two Brothers Rd. <br />PO Box 1974 <br />Idaho Springs, CO 80452 <br />P: 303-619-6323 <br />F: 303-484-6369 <br />Location: Unincorporated Clear Creek County, Township 3 South, Range 73 West, Section 26, 27, 34, 35 <br />Area Total Site: 40.05 acres <br />Disposal Area: 7.6 acres, see Boundary Line Survey and Parcel Plat in Appendix A. <br />Type of facility: Mine waste rock processing <br />0 <br />`s o? 42189 <br />