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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources JWJ a?? yK r <br />1313 Sherman St., Room 215 4"? <br />Denver, Colorado 80203 n O L OI o N D 0 <br />Phone: (303) 866-3567 RECLAMATION <br />FAX: (303) 832-8106 MINING <br />SAFETY <br />5 January 2011 <br />Bill Ritter, Jr. <br />Governor <br />Mr. Michael Pfister Mike King <br />_Golden Cross Aggregates, Inc. Executive Director <br />P.O. Box 1180 Loretta E. Piheda <br />Alma, CO 80420 Director <br />Re: Gloria Z Mine, Permit No. M-1984-094; Notice of Financial Warranty Increase SI-3 <br />Dear Mr. Pfister: <br />As a result of the inspection conducted on 22 September 2010 and a recalculation of the Financial Warranty, the <br />Division of Reclamation, Mining & Safety (Division) has increased the Financial Warranty for the Gloria Z <br />Mine to $209,000 in accordance with Rule 4.2.1 of the Mineral Rules and Regulations of the Colorado Mined <br />Land Reclamation Board for the Extraction of Construction Materials. This is an increase of $175,886 over the <br />currently held Financial Warranty of $33,114. The worksheets supporting the Financial Warranty increase <br />calculations were sent with the inspection report in earlier correspondence. <br />The amendment of the current Financial Warranty, or submittal of a new Financial Warranty reflecting the <br />increase, must be submitted to the Division within 120 days from the date of this letter, which will be 04 May <br />2011. If you wish to submit a different type of Financial Warranty, please contact Mary Rodriguez at 303-866- <br />3567 x8138 or Alysha Hernandez at 303-866-3567 x8125 so that the applicable form can be sent to you. <br />If you have any questions, you may call me at (303) 866-3567 x8108 or Tony Waldron at x8150. Questions <br />pertaining to the financial warranty should be directed to Ms. Rodriguez or Ms. Hernandez. <br />Sincerely, <br />a*64/ <br />David Bird <br />Division of Reclamation, Mining and Safety <br />cc: Richard Pfister - Golden Cross Aggregates <br />Mary Rodriguez - DRMS <br />Alysha Hernandez - DRMS <br />Certified Mail Receipt: 7008 3230 0002 7253 4419 <br />Office of Office of <br />Mined Land Reclamation Denver - Grand )unction - Durango Active and Inactive Mines