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and agi JO.QW,dollars ($3.00) per acre or fraction thereof annually as rental in <br /> advance of the anniversary date of this Lease so long as said lease shall remain <br /> in effect; twenty five thousand dollars ($25.000.00) exploration <br /> deposit and in further consideration of the terms, conditions and agreements <br /> herein and of the payments of annual rentals and royalties reserved herein, to <br /> be kept and performed by Lessee, its successors and assigns, does hereby <br /> lease to Lessee the right and privilege of exploring, prospecting for, <br /> developing, mining of and taking of alluvial gold and other alluvial <br /> maneralls from the Leased Premises herein described, situated in the County <br /> of Iahl, State of Colorado: <br /> 2. LEASED PREMISES: A metes and bounds description of the Leased <br /> Premises is attached as Exhibit A. Approximate acreages are described below <br /> containing 4�[assuming optional acreage includedl acres, more or <br /> less, together with the right to use as much of the surface as may be <br /> reasonably required in the exercise of the right to mine, including strip mining, <br /> and the right to reasonable ingress and egress; the right to construct buildings, <br /> make excavations, stockpiles, dumps, drains, roads, railroads, powerlines, <br /> pipelines, and other improvements as may be reasonably necessary in the <br /> mining and removal of said minerals; subject, however, to all existing <br /> easements and rights-of-way of third parties, and further subject to the terms, <br /> conditions and agreements set out in this Lease. The above-mentioned rights <br /> may be exercised with mining on other or adjacent lands only when mining on <br /> such lands is carried on in conjunction with the actual mining on the land <br /> herein leased. <br /> ACRES SUBDIVISION SEC. TWP. <br /> RGE. <br /> 703.72 Parcel A 4, 6 & 33-10 & 11S-80W <br /> 163.48 Parcel B 4-11S-80W <br /> Optional Acreage <br /> 80.48 Parcel C 4-11S-80W <br /> 3. RESERVATIONS IQ AURORA: Reserving, however, to Lessor: <br /> A. All rights and privileges of every kind and nature, except as are herein <br /> specifically granted. <br /> B. The right to use or lease the Leased Premises or any part thereof at any <br /> time for any purpose, including the right to explore and prospect the <br /> Leased Premises, which use and leasing of the Leased Premises shall be <br /> Page 2 of 20 <br />