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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 />January 4, 2012 <br />Mr. Ryan McHale <br />Venture Resources, Inc. <br />P.O. Box 1974 <br />Idaho Springs, CO 80452 <br />Re: Notice that you have not posted a Financial and /or Performance Warranty for your approved Mined Land <br />Reclamation Board Permit Application <br />Dear Mr. McHale: <br />The Mined Land Reclamation Board (Board) has directed the Division to remind applicants when they have not posted <br />the required financial warranty and /or the performance warranty by the 9 month of the application approval date. <br />As of the date of this notice, our records indicate that you have not posted the required warranty for your approved <br />Mined Land Reclamation Board permit, file No. M -2011 -007. If you do not post the required warranty by March 8, <br />2012, (365 days from the date your application was approved) you must be scheduled for a Formal Board Hearing <br />according to the provisions of Rule 4.1(2). At that hearing, the Board will reconsider the previous approval, which <br />may include denial, and may require you to comply with the public notice provisions and the public comment period <br />for new applications. <br />If you have any questions, please feel free to contact the Division at (303) 866 -3567 and speak with one of our staff. <br />Respectfully, <br />Tom Kaldenbach <br />Senior Environmental Protection Specialist <br />cc: Anthony J Waldron, DRMS <br />Office of <br />Mined Land Reclamation <br />STATE OF COLORADO <br />COLORADO <br />D I V I S I O N O F <br />RECLAMATION <br />MINING <br />— &— <br />SAF ETY <br />John W Hickenlooper <br />Governor <br />r ^;k2 King <br />Executive Director <br />Loretta E Pineda <br />Director <br />Office of <br />Denver • Grand Junction • Durango Active and Inactive Mines <br />