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STATE OF COLORADO <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) 86(x3567 <br />FAX: (303) 832-8106 <br />March 13, 2007 <br />Mr. Philip E. Brueggeman _,. ._ <br />Steel Rose, Inc. <br />(~ G; ~ <br />~J c o <br />DI <br />aNn <br />~(~~ jp~ Bill R <br />r v ~" - n~~ Gove <br />~' ~" Q Hams <br />Ezecu[ <br /> LORADO <br /> VISION p F <br /> CLAMATION <br />MINING <br /> E <br /> SAF <br />TY <br /> <br /> fitter, Ir. <br />mor <br /> D. Sherman <br /> five Director <br />2507 W. Klowa St. <br />Colorado Springs CO 80904 <br />Rooald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />' p rDV uSZ ~~ Cs~c. <br />Re: File No. M-2006-031, Steel Rose 1, M-2006-031 ecision Letter - Fi ancial and Performance <br />Warranty Request -Hard Rock Mining on <br />Dear Mr. Brueggeman: <br />On March 9, 2007, the Division of Reclamation, Mining and Safety approved your 110(2) mining permit <br />application. <br />The amount of financial warranty set by the Division for this operation is $8,317.00. You must submit a financial <br />warranty in this amount and a performance warranty in order for us to issue a permit. In the event you have <br />requested a financial warranty form, we have enclosed it in this letter. If you have not, please select a type of <br />financial warranty from Rule 4.3. Then contact us so that we can provide you with the appropriate warranty form. <br />We have enclosed a performance warranty form with this letter for your use. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS <br />BEEN ISSUED BY THE DIVISION AFTER RECEIPT OF YOUR FINANCIAL WARRANTY AND <br />PERFORMANCE WARRANTY. A PERMIT WILL NOT BE ISSUED UNTII. WE VERIFY THE <br />ADEQUACY OF BOTH YOUR FINANCIAL WARRANTY AND PERFORMANCE WARRANTY. <br />If you have any questions, please contact me at (303) 866-4179. <br />Sincerely, <br />N ~ <br />eb E. o ma <br />Enviro tat Protection Specialist <br />Enclosure <br />cc: Mr. John O'Neill, 1625 Lorraine Street, Colorado Springs, CO 80906 <br />Office of Office of <br />Mined Land Reclamation Denver Grand Junction Durango Active and InaRive Mines <br />