REV96046

• Permit No: M1977297
• IBM Index Class Name: Revision
• Doc Date: 8/18/1999
• Doc Name: REQUEST FOR TR PROVISION REQUIRED BY RULE 4.2.1 DOE LEASE BLOCK BURROS MINE PN M-77-297
• From: DMG
• To: GOLD EAGLE MINING INC
• Type & Sequence: TR2
• Media Type: D
• Archive: No

•
DIVISION OF MINERALS AND GEOLOGY
Department of Natural Resources
1313 Sherman St., Room 215
Denver, Colorado 80203
Phone: [phone]
FAX: [phone]

STATE OF COLORADO
Received
AUG 1 8 1999
August 12, 1999
Don Coram Orv~~ ~ M^a~als 8 G oil,
Gold Eagle Mining, Inc.
845 Main Street
Montrose, CO 81401
RE: Request for Technical Revision, Provision Required by Rule 4.2.1181,
DOE Lease Block AT-105-11-ML-60.8-C-SR-13,
Burros Mine, Permit No. M-77-297.
Dear Mr. Coram:
DIVISION OF
MINERALS
GEOLOGY
RECLAMATION
MINING•SAFETY
Bill Owens
Governo.
GreRE Watcher
Executive Dvector
Michael B. Long
Division Director
On 8/1 1 /99, DMG Durango Office received copy of the financial warranty documents,
provided to the DMG Denver Office, to the attention of Suzi Ericksen, cover letter dated
8/9/99. Thank you for the copy.
The documents indicate 513,162 financial warranty to be held by DMG, and 56,250 held
by DOE, for a total reclamation bond amount of 519,412 for the Burros Mine. DMG
2/22/99 reclamation cost estimation totaled 519,412.
DMG records indicate that Gold Eagle Mining has a reclamation bond with DOE for DOE
lease block C-SR-13, totaling 522,000. DMG records indicate that 510,750 of the DOE
bond has previously been committed for reclamation costs associated with the Ellison
Mine, Permit No. M-78-342, and 55,000 of the DOE bond previously committed for
reclamation costs associated with the Hawkeye Mine, Permit No. M-78-31'I. Therefore,
DMG records indicate that 56,250 of the DOE bond may be available for reclamation costs
associated with the Burros Mine.
In accordance with Rule 4.2.1(8-, DMG will accept financial warranty in thf; amount equal
to the difference between the reclamation bond amount posted with the ferieral land
management agency and DMG reclamation cost estimation. Rule 4.2.118) :states:
4.2.118) When mining of federal land and the federal land management agency requires
that a Financial Warranty be posted with their agency, the amount of Financial
Warranty posted with the state shall be the difference between the amount
required to be posted by the federal land management agency, and the
amount required by the Mined Land Reclamation Board. In no event shall the
amount of Financial Warranty posted with the state be less th~jn 5100. LR
addition. the application shall contain a provision that in the event the federal