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of historic drilling. As we discussed, the targets for drilling are preserved braided stream <br /> channel sediments that vary in orientation and thickness, this means that drilling is an <br /> iterative process and the result from a single drill hole may redirect further drilling to other <br /> locations. However,this will have no effect on the overall level of disturbance as noted in <br /> the attached application. <br /> As per the requirements proof of the Mining Lease's covering the proposed area of <br /> Prospecting in the form of a Memorandum of Mining Agreement with both the Taylor's <br /> and Boyer Family Ranch LLC. These documents have recently been recorded with the <br /> County. <br /> The company's calculations indicate the total area to be disturbed will be considerably <br /> less than 4.68 acres (see body of NOI for calculations) in total. Therefore, by using the <br /> DRMS' figures of $2,000 per acre of disturbed land the company proposes a bond of <br /> $9,360. The company will await comment from DRMS' before submitting this financial <br /> warranty, however,the filing fee of$86 is included. <br /> Usuran Resources Limited <br /> 242 Linden St, Fort Collins CO 80465 <br />