1997-11-13_REVISION - M1977248 ‎(3)‎

• Permit No: M1977248
• IBM Index Class Name: Revision
• Doc Date: 11/13/1997
• Doc Name: Denial of Transfer of Permit
• From: DMG
• To: Telluride Mining Co.
• Type & Sequence: SO2
• Media Type: D
• Archive: No

STATE OF COLORADO
DIVISION OF MINERALS AND GEOLOGY
Depanment of Na W ral Resources
1313 Sherman 51., Room 215
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]
November 13, 1997
DENVER OFFICE
®LIC FILE COPY
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DEPARTMENT OF
NATURAL
RESOURCES
Roy Romer
Governor
Mr. Ray Fitzgerald / lames 5. Lochhead
Telluride Mining Co., InC. ' / Executive Director
1155 Avenue of the Americas Michael 8. Long
Division Director
New York, NY 10036
RE: C-JD-S Mine, Permit No. M-77-248, Denial of Transfer of Permit and Succession of
Operator No. SO-02.
Dear Mr. Fitzgerald:
This letter constitutes notice of denial of Telluride Mining Company's request for a Transfer of
Permit and Succession of Operator for the C-JD-S Mine, Permit No. M-77-248, from Blake
Mining Co. to Telluride Mining Co., Inc. The reasons for the denial are as follows:
Telluride Mining Co., Inc. elected per Option "A" of the Permit Transfer application to
waive their right to a thirty (30) day application processing time to allow the Division of
Minerals and Geology time to recalculate the required financial warranty amount. The
bond recalculation was completed on June 30, 1997 and forwarded to Ms. Sue Carter
along with an inspection report resulting from a June 12, 1997 inspection of the site. The
inspection report indicated that the required amount of Financial Warranty had increased
from the existing $2,650.00 amount to the recalculated amount of $2],865.00, and the
report further indicated that a Financial Warranty in that amount was due within 60 days,
specifically August 31, 1997.
2. The Division sent Telluride Mining Co., Inc. notice of conditional approval of the Permit
Transfer in correspondence dated August 3, 1997 with a reminder to submit the
$21,865.00 Financial Warranty. To date, only a Performance Warranty has been received
by the Division from Telluride Mining Co., Inc.
On September 4, 1997, the Division received a request from Ms. Sue Carter of Telluride
Mining Co. for a ninety (90) day extension to the Financial Warranty submittal due date to
allow Telluride Mining Co., Inc. additional time to research the Division's cost figures and
look into the possibility ofutilizing a U.S. Department of Energy (DOE) bond to satisfy
the Division's Financial Warranty requirements. In response to this request, the Division