2011-01-25_REVISION - M1987143

• Permit No: M1987143
• IBM Index Class Name: REVISION
• Doc Date: 1/25/2011
• Doc Name: SO Approval ‎(SO-01)‎
• From: DRMS
• To: Joel Fennern & M J Gydesen
• Type & Sequence: SO1
• Email Name: GRM
• Media Type: D
• Archive: No

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DEPARTMENT OF NATURAL RESO?IBCES {
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MINED LAND RECLAMATION DIVISION
FINANCIAL WARRANTY
CER AT N 0 D OSIT
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Operator Joel Fennern and M.R. Gydesen Heavy Equipment Co.
Operation Gold Links Mine
Permit No. M-87-143 5ti ti
Bank Gunnison Bank and Trust Comnany-
?UN
IVI KNOW ALL MEN BY THESE PRESENTS, THAT: 3=E ?1
RECLAW710N DIVISION
WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101,
et seq. (the "Act"), as amended, provides that no permit may be issued under
the Act until the Mined Land Reclamation Board (the "Board") receives a
Financial Warranty (or Warranties) as described in the Act.
Joel Fennern and M.R. Gydesen Heavy
WHEREAS, Equipment Co. (the "Operator),
acxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxao)Ma akianx has applied for a permit
to conduct a mining operation known as the Gold Links Mine
(the
"Operation"), on certain lands in Gunnison County, Colorado. These
lands are described in Exhibit A, attached hereto, and are referred to herein
as the "Affected Lands".
WHEREAS, in the application for the permit, the Operator has agreed to
be bound by all requirements of the Act and all applicable rules and
regulations of the Board, as amended from time to time.
WHEREAS, in the application for the permit, the Operator has agreed with
the Board to provide for reclamation of the Affected Lands that are now, or
may become, subject to the permit, as required by law.
WHEREAS, the Board has determined, in accordance with the Act, that the
estimated costs of reclamation of the Affected Lands are those amounts for the
stated periods of time as set forth herein. Said amount may be amended from
time to time to reflect revised estimates of said costs of reclamation.
WHEREAS, the Operator, in accordance with the Act, has promised and
hereby promises the Board that it will be responsible for all the estimated
costs of reclamation with regard to the Affected Lands.
WHEREAS,.the Board has determined that the Financial Warranty by the
Operator equals the estimated costs of reclamation, as approved by the Board,
with regard to the Affected Lands.
423 Centennial Building, 1313 Sherman Street Denver, Colorado 80203 Tel. [phone]