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Oxbow Mining LLC <br />Elk Creek Mine <br />Hole Number: GVB-07-03 Project ID.: Elk Creek Mine Exploration <br />Lease Number: COC -61357 (State or Federal) Surface Owner: BLM <br />Date Commenced: 6 -Jan -06 Date Completed: 1 -Feb -06 <br />Contractor: Stewart Bros. Rig Type: Gardner -Denver 2500 -Rig #46 <br />Geologist: Doug Allen Date : <br />15 -Feb -06 Toolpusher: Frank Pichardo <br />Driller: Justin Barris Truck Driver: <br />Ray Contreras Helper: Paco Pizzano <br />Donn Massey <br />Javier Gallegos Mike Lewis <br />Coordinates: N. 15302.33 E. <br />28965.88 <br />Location: Township, Range & Section: <br />NW 1/4 Sec. 1, T. 13 S., R. 91 W. <br />Ground Elevation: 7728' Collar Elevation: <br />Geophysical Logging Contractor: Jet West Geophysical, LLC <br />Geophysical Log Measured From: Ground <br />Elevation <br />Total Depth: 1590' Probe Depth: <br />1590' Fluid Level: n/a <br />Casing Type: steel, T&C <br />Size: 9 5/8" <br />Casing Type: slotted steel, T&C <br />Size: 7" <br />Depth: 0-1445' Recovered (Y or N): <br />N- cemented <br />Depth: 1346'-1549' Recovered (Y or N): <br />N -loose <br />Bit Information <br />Surface Casing 17" auger from 0-10'(14" culvert) <br />Main Hole 12 1/4" Tri -cone from 10'to 1455' <br />Core: <br />Bottom Hole 8 3/4" Tri -cone from 1445'-1590' <br />Footage Plugged: 1590' Cored: <br />0 <br />Drilling Medium: Air: Sta-Foam 202/Water: <br />Mud: Foam Injection: <br />Depths: 0-10' 10'-1590' <br />Lost Circulation Depths: NA <br />Regained ? (Y or N): <br />Water Invasion Depth or Intervals: NA <br />Estimated Inflow Rates: <br />Gas Invasion Depth or Interval: CH41455'-1557' <br />Geophysical Logging Contractor: Jet West Geophysical, LLC <br />Logs Run: Gamma: X <br />Neutron: <br />Temperature: <br />Density: X <br />Resistivity: X <br />Caliper: X <br />Other (SP, Foc. Elec., Drift, Dep., Sonic): Deviation: 23.7' at 118 degrees <br />Hole Cemented( Y or N ),Type: Y <br />No. of Bags: 19 yds portland for 9 5/8 annulus <br />Interval: to surface <br />Coal Core Sent To: NA <br />Rock Sent To: NA <br />Comments: Unable to merge two deviation logs- cumulative drift 23.7' at 118 degrees. <br />7" casing overlaps 99' inside 9 5/8" casing (39' slotted, 60' solid) <br />9 5/8" casing abandoned to surface with 21 cubic yards portland type II cement June, 2007. <br />Stewart Bros. Colorado water well license # 1141. <br />