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STATE OF COLORADO F <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 />RECEIVED <br />June 2, 2011 <br />Mr. John Gallegos <br />Telluride Stone Company Inc. <br />JOIN o S 2011 <br />Dvision of Reclamation, <br />Reining and Safety <br />COLORADO <br />D I V1 S I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />John W. Hickenlooper <br />Governor <br />Mike King <br />Executive Director <br />Loretta E. Pirleda <br />Director <br />PO Box 3552 <br />Telluride, CO 81435 . <br />L'} <br />Re: File No. M-2011-013, Airport Pit, 112c Decision Letter - Financial and Performance Warranty Request - <br />Construction Material Operation - - <br />Dear Mr. Gallegos: <br />On June 2, 2011, the Division of Reclamation, Mining and Safety approved your 112c mining permit application. <br />The amount of financial warranty set by the Division for this operation is $26,884.00. Please review the enclosed packet <br />of reclamation task costs and notify me promptly if you note any errors or omissions. <br />You must submit 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, please select a <br />type of financial warranty from Rule 4.3. Then contact the Division so that we can provide you with the appropriate <br />warranty form. Alternatively, you may find the appropriate financial warranty form on the Division's website: <br />httn://www.mining.state.co.us/Mineral%20Forms.htm. <br />We have enclosed a performance warranty form with this letter for your use. The properly completed financial warranty <br />form and performance warranty form should be sent to the Division's Denver office (see letterhead address, above). <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS BEEN <br />ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL WARRANTY AND PERFORMANCE <br />WARRANTY. A PERMIT WILL NOT BE ISSUED UNTIL WE VERIFY THE ADEQUACY OF BOTH YOUR <br />FINANCIAL WARRANTY AND PERFORMANCE WARRANTY. <br />If you have any questions, please contact me at the Division's Durango field office: 691 CR 233, Room A-2, Durango, <br />CO 81301; telephone 970-247-5193. <br />Sincerely, <br />Bob Oswald <br />Environmental Protection Specialist <br />Enclosure: bond estimate packet and performance warranty form <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction Durango Active and Inactive Mines