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4� Z� <br />STATE OF COLORADn <br />DIVISION OF MINERALS AND GEOLOGY <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 />June 3 , 2002 <br />D I V I S I O N Of <br />M <br />GEOLOGY <br />RECLAMATION <br />MINING-SAFETY <br />Mr. Phil Barnes <br />Bill Owens <br />Manger Environment Resources <br />Governor <br />Cripple Creek &Victor Gold Mining Co. <br />Greg E. Walcher Executive Director <br />P.O Box 191 <br />Michael B. Long <br />Victor, CO 80203 <br />Division Director <br />Re: Technical Revision # 40 approval . <br />On 6 -3 -2002, the Division approved the Technical Revision # 40, submitted on 1 -4 -2002. The <br />Technical Revision addresses, the addition to the existing ARD building and required water <br />balance. Under the MLRD Board approved Amendment # 8, CC &V was going to construct a <br />new ARD building. However, after evaluating the leach pad facility, CC &V decided to expand <br />the existing ARD building, rather than build a new facility. The financial warranty for the <br />demolition and reclamation of the added facility is $103, 464. This warranty will be deducted <br />from the $488,095, surplus financial warranty in place for the site. This will leave CC &V, with a <br />surplus warranty in the amount of $384,631, for permit # M- 1980 -244, Cresson Project. <br />The total warranty posted to date, for the operation is $33,435,064.00. <br />If you have questions or concerns, please contact me at (303) 866 -4072. <br />Sincerely, <br />Berhanmaskal Keffelew <br />Reclamation Specialist <br />CC: Barb Chappone <br />Suzi Ericksen <br />