2011-06-15_REVISION - P2010015

• Permit No: P2010015
• IBM Index Class Name: REVISION
• Doc Date: 6/15/2011
• Doc Name: Approval letter for MD-01
• From: DRMS
• To: Rio Grande Silver, Inc.
• Type & Sequence: MD1
• Email Name: RCO
• Media Type: D
• Archive: No

DIVISION OF RECLAMATION, MINING AND SAFETY
Department of Natural Resources
1313 Sherman St., Room 215
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
June 15, 2011
Brian Morris
( Rio Grande Silver, Inc.
PO Box 610
Creede, CO 81130
Re:
Dear Mr. Morris,
Sincerely,
Office of
Mined Land Reclamation
Bob Oswald
Environmental Protection Specialist
RECEN
JUN 23 2011
STATE OF COLORADO
Division of Reclamation,
Mining and Safety
Mike King
Executive Director
Loretta E. Pineda
Director
Notice of Intent (NOI) to Conduct Prospecting for West Equity Project, DRMS File No. P- 2010 -015,
Modification MD -1, Approval to Commence Prospecting.
COLORADO
D I V I S I O N O F
RECLAMATION
MINING
SAFETY
John W. Hickenlooper
Governor
The Division has reviewed the NOI modification named above, and finds that it meets all requirements. The
Division has therefore approved the modification, effective on June 15, 2011. The reclamation costs associated with
this modification have been estimated to be $17, 552. Please see the enclosed reclamation cost estimate packet, and
notify me promptly if you notice any errors or omissions. The figure shown on the cost estimate is in addition to the
amount of bond already obligated toward this NOI.
The original NOI was initially approved on June 24, 2010, and the bond amount was estimated to be $16,978. Rio
Grande Silver, Inc. posted Statewide Prospecting Bond # in 2008 in the amount of $269,318. That bond was
accepted by the Division. The bond is still in place, and though there are still several other NOIs currently covered
under this bond, a sufficient amount is still available for the additional costs associated with this NOI modification.
The bond amount required for this NOI has been increased to include the costs of this NOI, and the new total is
$34,530. Since the bond is already posted, the Division has granted its approval for NOI modification MD -1,
and continued prospecting at the West Equity Project may commence.
Please be reminded that all other conditions of the original NOI, as well as requirement to file annual reports and the
associated fees, and file permanent abandonment reports for all drill holes, will remain in full force and effect. A
copy of the abandonment report form is enclosed herewith, and further copies are available on the Division's
website: www.mining.state.co.us /.
Thank you for the consistent quality of the NOI- related materials. If you have any questions, I may be reached at the
Division's Durango field office: 691 CR 233, Room A -2, Durango, CO 81301; telephone 970 - 247 -5193.
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Office of
Denver • Grand Junction • Durango Active and Inactive Mines