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<br /> <br />EXHIBIT B - MINING PLAN <br />Bachelor Mines-Syracus@ - Federal Resources Corporation <br />July 22, 1980 <br />The Syracuse Mine is an existing mine. Ore will be mined under- <br />ground by hard rock underground mining methods (shrinkage stoping, <br />back stoping, cut and fill stoping) used in most hard rock mines <br />in the San Juan Mountains. The rock will be broken into <br />manageable-sized pieces and trammed to the surface. Wherever <br />possible, all broken barren rock will be left underground. <br />As previously mentioned, this is an existing mine. Ali roads <br />have been established and maintained by Ouray County since the <br />early 1900's. <br />The permit area covers 9.35 acres. No vent holes or additional <br />adits are expected to be needed. <br />Mining operations will cease when ali existing ore is mined, <br />estimating 150 years. at which time surface owner's reclamation <br />plans will be initiated. <br />The surface area surrounding this mine is owned by Carl F. Dismant. <br />I r <br />~ It i'1 ~'~ f <br />G' <br /> <br />