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<br />MINE ID # OR PROSPECTING ID # <br />INSPECTION DATE 11/10/98 <br />M-81-132 <br />INSPECTOR'S INITIALS AJW <br />This was a normal monitoring inspection conducted by Tony Waldron of DMG along with George <br />Gotto of Valco. The site is located just west of the Cow Palace Inn in Lamar, Colorado on <br />a low alluvial terrace of the south bank of the Arkansas River. The site was permitted in <br />1981 but mining has not commenced on this site. The mining plan calls for mining to occur <br />in three phases with no more than 15.8 acres disturbed at any one time. The current <br />financial warranty for this site is $7,160.00 which is clearly adequate for the site at this <br />time. This concluded the inspection and no problems were observed. <br />I & E Contact Address <br />NAME George S. Gotto III <br />OPERATOR Valco Inc., Lamar Division <br />STREET P.O. Box 591 <br />CITY/STATE/2IP Lamar, Colorado 61052 <br />(Page 2) • <br /> <br />cc: Jim Stevens <br />^ CE <br />^ BL <br />^ FS <br />^ HW <br />^ HMWMD (CH) <br />^ SE <br />^ WQCD (CH) <br />^ OTHER <br />