2006-09-25_REVISION - M1988081 ‎(2)‎

• Permit No: M1988081
• IBM Index Class Name: Revision
• Doc Date: 9/25/2006
• Doc Name: FW Increase
• From: DRMS
• To: Comstock Mining & Refining
• Type & Sequence: SI1
• Media Type: D
• Archive: No

s~ ~dM fs STATE OF COLORADO
DIVISION OF RECLAMATION, MINING AND SAFETY -/
Department of Natural Resources
1313 Sherman St., Room 215
Denver, Colorado 80203 C O L O R A D O
Phone: [phone] DIVISION O F
RECLAMATION
FAX: [phone] M I N I N G
- &-
SAFETY
September 25, 2006
Bill Owens
Mr. Raymond "Rocky" Conner covemor
Comstock Mining & Refining Russell George
P.O. E10X 841 Executive Director
Silver Springs, NV 89429 Ronald W. Cattany
~/ Division DireROr
RE: Phil Sheridan Lode; Permit No. M-1988-081 ~ Natural Resource Trustee
Comstock Mining & Refining.; Financial Warranty Increase
Dear Mr. Conner,
On July 19, 2006, the Division of Reclamation, Mining and Safety conducted an inspection of the Phil Sheridan
Lode, Pemlit No. M-1988-081. The Division currently holds a bond in the form of a Certificate of Deposit
(#394310579815 issued by US Bank) in the amount of $1,718.41.
According to C.R.S. 34-32-117(4)(b) and 34-32-117(4)(c)(II) of the Colorado Mined Land Reclamation Act (Act)
and Rules 4.2.1(1) and (2) of the Hazd Rock/Metal Mining Rules and Regulations (Rules), the Division may review
a financial warranty at any time to detemline if the amount is sufficient to perform reclamation. The Division
recalculated the bond to factor in the current disturbance and what is required to achieve the approved postmining
land use. The result of the recalculation indicates that the site is currently underbonded. This letter is to inform
you that your financial warranty will need to be revised from its current amount of $1,718.41 to 8 365.00 within
60 days of receipt of this letter. A copy of calculations used to determine this cost is attached for your review. The
operator has three options regazding the amount of required bond;
1. submit additional financial warranty in the amount of $6,646.59,
2. perform some reclamation on the site to reduce the reclamation liability, or
3. revise the reclamation plan.
One of the three options must be completed by December 1, 2006. Failure to do so may be considered a violation
of the Act and the Rules. If you have any questions about this process or how the bond was calculated, please
contact me at [phone].
Sinc re ely,
L
Environmental Protec ' ~ ls[
cc: Cazl Mount; DRMS
Elizabeth Shelton; DRMS
Hany Covey- w/enclosure
Enclosure(s)- Reclamation Cost Estimate
Certified Mail # 7004 1350 0001 1636 7558
Office of Office of
Mined Land Rxlamation ARive and Inactive Mines