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<br />i II I IIIIIIIIIIIIIIII ~ <br />STATE OF <br />COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanmem of Natural Resources ~~ <br />7 3I 3 $hcrm,tn SL, Room 215 <br /> <br />Deneer, Colorado tlU'_D] ~ <br />Phony: 111131 Dh6-3567 ~~~~ <br />FAX: 1111 it rilbtll U6 <br /> DEPARTME[VT OF <br /> NATURAL <br /> RESOURCES <br />January 7, 1999 <br /> Roy Romer <br /> Governor <br />Mr. Don Coram IamesS Lochhead <br /> <br />Gold Eagle Mining, Inc. ' Exrcwive Dueuor <br /> b,lchael e. Long <br />845 E. Main St. Dwision Dueclor <br />Montrose, CO 81401 <br />Re: Burro Mine, Permit No. M-77-297, Transfer of Permit and Succession of Operator Approval and <br />Request for Financial Warranty, SO-1 <br />Deaz Mr. Coram: <br />On January 6, 1999, the Division of Minerals and Geology approved the Transfer of Permit and <br />Succession of Operator application submitted to the Division on December 2, 1998 addressing the <br />following: <br />Transfer of Permit No. M-77-297 from Umetco Minerals Corporation to Gold Eagle Mining, Inc. <br />On your application form you initialed Option A, which specifies that the Division would rel:alculate the <br />required bond prior to approval of the transfer. The estimated liability of the reclamation bond has been <br />calculated to be $26,626. Combined with the bond amount for Department of Energy Lease Block C- <br />SR-13 or DMG Permit Nos. M-78-311 and M-79-372 the required bond amount would total $42,376, <br />which is $20,376 above the $22,000.00 that is held by the Department of Energy for Lease Block C-SR- <br />13. Please submit a financial warranty in the amount of $20,376.00 within 60 days. Th: transfer of <br />Permit No. M-77-297 will not be final until the bond is approved by the Division. <br />If you have any questions, please contact me or Suzi Ericksen, Minerals Division Program Assistant. <br />Sincerely, <br />~-~~ ~ <br />~ Wallace H. Erickson <br />Environmental Protection Specialist <br />cc Mr. Tony Bates, Umetco Minerals Corp. <br />Suzi Ericksen, DMG <br />