Laserfiche WebLink
NON CONFID OT <br />RICHARD E. BLUBAUGH <br />Vice President - Environmental <br />Health & Safety Resources <br />March 2, 2010 <br />r <br />POWERTECh (USA) <br />'s kp.z <br />I© <br />NC. /MAR 0 3 2010 <br />Division of Reclamation, <br />146 A tning and Safety <br />VIA CERTIFIED MAIL <br />Allen Sorenson ? <br />Division of Reclamation, Mining and Safety <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />Subject: Bond Adjustme?£for Notice of Intent (NOI) File Nos. P-2008 043 & P-2008-043 <br />MD-01, Centennial Uranium Project, Weld County, Colorado <br />Dear Mr. Sorenson: <br />Powertech (USA) Inc. (Powertech) is seeking to obtain partial release of the financial warranty <br />bond posted for Notice of Intent (NOI) File Nos. P-2008-043 and P-2008-043 MD-01 to Conduct <br />Prospecting in connection with the Centennial Uranium Project in Weld County, Colorado (the <br />Project). The initial NOI to advance 8 exploration boreholes and construct 2 groundwater <br />monitoring wells was accepted by the Colorado Division of Reclamation and Mining Safety <br />(DRMS) on August 27, 2008, and an Authorization to Proceed was granted following placement <br />of surety bond. A modification to the initial NOI for the advancement of 1 exploration borehole <br />and construction of 15 groundwater monitoring wells was accepted by the DRMS on October 22, <br />2008, and an Authorization to Proceed was granted following placement of additional surety. <br />The proposed activities covered under NOI File No. P-2008-043 include: <br />• Advance 8 exploration boreholes. <br />• Install 2 groundwater monitoring wells. <br />The proposed activities completed to date under NOI File No. P-2008-043 consist of- <br />* Advanced and abandoned 5 of the 8 exploration boreholes. <br />• Installed 1 of the 2 groundwater monitoring wells. <br />The proposed activities covered under NOI File No. P-2008-043 MD-01 include: <br />• Advance 1 exploration borehole. <br />• Install 15 groundwater monitoring wells. <br />The proposed activities completed to date under NOI File No. P-2008-043 MD-01 consist of <br />• Advanced and abandoned 1 exploration borehole. <br />• Installed 15 groundwater monitoring wells. <br />5575 DTC Parkway, Suite 140 Telephone: 303-790-7528 Website: www.powertechuranium.com <br />Greenwood Village, CO 80111 USA Facsimile: 303-790-3885 Email: info@powertechuranium.com