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7) Change of the fuel and crusher supply access route from Carlton Security Access to a <br />new route from the Ironclad Security Access to the crusher area <br />8) Relocation of the Coblentz geology building to be rebuilt near the historic Ajax gallows <br />frame and relocation of the crusher maintenance facilities to an area near the secondary <br />crusher building <br />9) Incorporation of the Cameron Mine Permit (M- 1991 -134) into the Cresson Project Permit <br />(M- 1980 -244) and recalculation of the financial warranty for that area under the MLE <br />financial warranty <br />1.3 General Project Description — Cresson Mine Life Extension 2 <br />As a result of the increases in gold ore reserves realized through ongoing exploration, CC &V is <br />proposing to extend mining slightly to the east and west of the Main Cresson Mine including a <br />portion of the South Cresson; extend mining to the north and northeast in the WHEX portion of <br />the East Cresson Mine and extend the North Cresson Mine slightly to the north in the Globe Hill <br />portion; and to the south in the Schist Island portion. Processing and recovery of the additional <br />gold will be supplemented with the construction of new High Grade Mill facilities for higher <br />grade ore, new SGVLF and new SGADR. Overburden resulting from mining in these extension <br />areas will be placed into other portions of the existing Main Cresson Mine, East Cresson Mine, <br />and North Cresson Mine as mine backfill, or placed for storage in the existing SGOSA, or <br />redesigned ECOSA. Figure 1 -1 shows flow of overburden and ore for the Cresson Project. <br />The proposed MLE2 will be implemented with approximately 150 more employees, which will <br />increase the approximate total employment at the Cresson Project to an anticipated 600 <br />employees. The equipment fleet will increase modestly. Production rates are envisioned to <br />remain relatively the same as the currently permitted rate of about 27 million tons ( "MT ") of ore <br />material mined annually. Based on current production rates and other factors, the proposed <br />MLE2 activities are anticipated to increase the anticipated mine life of the Cresson Project from <br />approximately 2016 to about 2025 along with associated increases in the anticipated processing <br />and neutralization/reclamation timeframes. <br />Cripple Creek & Victor Gold Mining Company <br />Cresson Project Mine Life Extension 2 <br />1 -3 <br />