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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />July 17, 2009 <br /> <br />RID <br />a 2 3 2009 <br />William Collins / Martin Bauer <br />Jubilee Venture, LLC. <br />19754 E. Euclid <br />DiVil1w of Reclamation, <br />Mining and Safety <br />Centennial, CO 80016 <br />Re: Jubilee Venture Notice of Intent (NOI) P-2009-015, DRMS Complete Notice. <br />COLORADO <br />D I V IS I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jr. <br />Governor <br />Harris D. Sherman <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />The Division of Reclamation, Mining and Safety has completed the review of the above referenced Notice of <br />Intent application. It appears that all issues have been addressed and the application meets the requirements of <br />the Act and Rules. Therefore staff is pleased to inform Jubilee Ventures that the Notice for the Jubilee Project is <br />considered adequate and complete. <br />Jubilee has accepted the reclamation liability bond estimate of $14,650.00. The bond is based on closing 80 drill <br />holes and reclamation of the process area for sampling. As noted in BLM discussions Jubilee will drill a <br />maximum of 40 holes and reclaim those. Jubilee must gain written approval from BLM and notify DRMS before <br />proceeding beyond the initial 40 holes. Please note that BLM must also issue its approvals prior to any <br />disturbance on site. <br />Per Rule 5.1.3(b), Jubilee Ventures has 60 (sixty) days to submit the bond from the date of this letter otherwise <br />the notice may be denied for failure to correct all deficiencies which includes the bond. Please submit a <br />Financial Warranty for a project "On BLM Lands" to the Division's Administrative Assistant Elizabeth Taliaferro in <br />the Denver Office. Any questions regarding the warranty should be directed to Elizabeth at 303-866-3567, Ext. <br />8148. <br />If you need additional information, please contact me at the Division of Reclamation, Mining and Safety, Grand <br />Junction Field Office, 101 S. 3rd St., Suite 301, Grand Junction, Colorado 81501, telephone no. 970.241.1117. <br />Sincerely, <br />G. Russell Means <br />Environmental Protection Specialist <br />Cc: Jennifer Maiolo, BLM Snake River Field Office <br />office of office of <br />Mined Land Reclamation Denver Grand Junction • Durango Active and Inactive Mines