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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman Si., Room 215 C O L D RAD O <br />Denver, Colorado 80203 DIVISION O F <br />Phone: (303) 866-3567 MIN & A L $ <br /> <br />FAX: (303) 832-8106 G E O L O G Y <br /> RECEAMATION•MIN ING <br /> EALETY•SQ ENCE <br />Blll (]WenS <br />January 5, 2005 Governor <br />Russell George <br />Mr. Richard T. Heard Executive Director <br />Mount Royal Ventures, LLC ~ Ronald w. canany <br />9145 Sunshine Can}'On Dr. Division Director <br />Boulder, CO 80302 Natural Resource Trustee <br />/ / / / <br />Re: ITEC Environmental Colorado, Ines Gold Hill Mill, Permit No. M-1994-117, Transfer of Permit and <br />Succession of Operator Approval and Request for Financial and Performance Warranties, Revision No. SOS <br />~/ <br />Dear Mr. Heard: <br />On December 24, 2004, the Division of Minerals and Geology approved the Transfer of Pemmt and Succession of Operator <br />application submitted to the Division on October 25, 2004, addressing the following: <br />Transfer of Permit No. M-1994-1 I7 from ITEC Environmental Colorado, Inc. to Mount Royal Ventures, LLC. <br />On your application form you initialed Option A, which specifies that the Division would recalculate the regttiredbond prior to <br />approval of the transfer. The estimated liability of the reclamation bond has been calculated to be $46,743.00. Please submit a <br />financial warranty, in the amount of $46,743.00, and a Performance Warranty within. 60 days. <br />The transfer of Permit No. M-1994-117 will NOT be final until the bond and Performance Warranty are <br />approved by the Division. <br />If you have any questions, please contact me at {303) 866-4935 or Barbara D. Chiappone, Minerals Division Program <br />Assistant, at (303) 866-4074. <br />Sincerely, <br />.~/ Kate A. Pickford <br />Environmental Protection Specialist <br />ce: Mark A. Steen, ITEC Environmental Colorado, Inc. <br />Barbara D. Chiappone, Division of Minerals and Geology <br />Office of Office of ~ Colorado <br />Mined Land Rxlamation Active and Inactive Mines Geoloeical 6urvev <br />