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INTRODUCTION <br />The Gloria Z Mine site is located immediately northwest of the town of Fairplay in Park County and <br />was initially mined for placer gold by many different methods dating back to the 1860's. Sluicing, <br />hydraulicking, and other methods were employed over many decades. All of this old mining was done <br />without any salvage of topsoil and without any regard to reclamation of the site. For decades, the site <br />lay dormant. In 1984, Sanborn Sand and Gravel, Inc. obtained a 112c Construction Materials permit <br />to mine and sell gravel from the site, utilizing many of the piles that were left by the old gold placer <br />operation. Most of the disturbed area for this permit was already disturbed by pre -law gold placer <br />operations. The permit number is M- 1984 -094. The total permit area was 30.47 acres. In 2004, an <br />Amendment was approved to the permit and in 2005, the property was sold to Playfair Land CO. <br />LLC. Of Louisiana. The permit was also transferred at that time to Sanborn Sand and Gravel <br />dba/Golden Cross Aggregate. <br />As gold prices increased in 2009 -2011, gold mining was beginning to become a secondary focus of <br />the site activity, although gravel products will likely be the bulk of the sales over the life of the mine. <br />Gravel sales are highly dependent upon the local economy, which has experienced huge swings in the <br />past 10 years. However, gravel sales will take place over the life of the mine, while the gold operation <br />is speculative and could cease at any time due to the highly variable nature of gold deposited in placer <br />environments. <br />In November of 2012, A Technical Revision (TR -01) to the Permit was approved which allowed <br />groundwater exposure in the mining area, addressed all planned mining activity and water rights <br />issues. The bond was increased from $33,114 to $78,218. <br />The Permit Amendment of 2013 was undertaken to expand the permit area for future gravel and gold <br />mining activities and address water right needs as well as provide a more detailed reclamation plan <br />based on a current survey map. <br />Gloria Z Mine 2013 Amendment <br />