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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 />9 March 2011 <br />COLORADO <br />D IV IS I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />John W. Hickenlooper <br />Governor <br />Mr. Ryan J. McHale <br />7-o Venture Resources, Inc. <br />P.O. Box 1974 <br />Idaho Springs, CO 80452 <br />Mike King <br />Executive Director <br />Loretta E. Pirleda <br />Director <br />Re: File No. M-2011-007, Robert Fulton Reclamation Project, Decision Letter - Financial and <br />Performance Warranty Request-- Hard Rock Mining Operation <br />Dear Mr. McHale: <br />On 9 March 2011, the Division of Reclamation, Mining and Safety approved your 110d mining permit <br />application. <br />The amount of financial warranty set by the Division for this operation is $13,342.00. You must submit <br />a financial warranty in this amount and a performance warranty in order for us to issue a permit. In the <br />event you have requested a financial warranty form, we have enclosed it in this letter. If you have not, <br />please select a type of financial warranty from Rule 4.3. Then contact us so that we can provide you <br />with the appropriate warranty form. You may also obtain the form at the Division website: <br />http://mining.state.co.us/Mineral%20Forms.htm. We have enclosed a performance warranty form with <br />this letter for your use. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT <br />HAS BEEN ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL <br />WARRANTY AND PERFORMANCE WARRANTY. A PERMIT WILL NOT BE ISSUED <br />UNTIL WE VERIFY THE ADEQUACY OF BOTH YOUR FINANCIAL WARRANTY AND <br />PERFORMANCE WARRANTY. <br />If you have any questions, please contact me at (303) 866-3567, x8108. <br />Sincerely, j1 <br />David Bird <br />Division of Reclamation, Mining, and Safety <br />Enclosure <br />cc: Alysha Hernandez, DRMS <br />aJ W, o? 6 ?? aln? <br />Office of Office of <br />Mints I and RPrlamatinn Denver • Grand lunction • Durango Active and Inactive Mines