Bayport International Holdings Inc. (BAYP)

[CHA-RU]

Bayport Subsidiary Announces Receipt of Final Reclamation Approval

Bayport International Holdings Inc. (EXTO.PK) is pleased to announce the final approval of the bond reclamation contract through its subsidiary Cosmic American Rare Earth, Inc. Bayport plans to have the assay reports complete with in the next two weeks. Below is a portion of the approval notice:


“State of Utah, Department of Natural Resources, Division of Oil, Gas and Mining
Permit to Commence Small Mine Activities, Small Mining Operations, Cosmic American Rare Earth, Inc., Wow Claim, S/023/0110, Juab County, Utah
Dear Mr. Porter:
The Division of Oil, Gas and Mining finds your notice of Intention to Commence Small Mining Operations (Notice) complete and approves the reclamation surety for the WOW mine, escalated until 2015. You are now permitted to conduct mining activities as outlined in the Notice provided you have approval from all the other appropriated agencies. The approval or acceptance of a complete of intention does not relieve an operator from his responsibility to comply with the applicable statutes, rules, regulations, and ordinances of all local, state and federal agencies with jurisdiction over any aspect of the operator’s mining operations. Enclosed please find a copy of reclamation contract and stamped approval notice.”
The Notice proposes excavation of up to six trenches no more than 14 feet in diameter, no more than 100 feet in length individually, and up to 5 feet deep, and a series of small 2-foot deep auger holes in an ephemeral stream channel, using up to 1700 feet of cross country travel. The project is located at T. 14 S., R. 02 W., sections 05, 06, and 08. The proposed operation was reviewed by various resource specialists who have determined the operation, as proposed, will not cause unnecessary or undue degradation as defined under 43 CFR 3809.5