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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St, Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />August 28, 2003 / <br />COLORADO <br />bIVISION OF <br />MINERALS <br />GEOLOGY <br />RECLAM ATION•MINING <br />SRFETT•SCIENCE <br /> Bill Owens <br />Mr. Terry V. Why Governor <br />/ <br />hrtelnanOllal Utamum (USA) Corp. " Greg E. Walther <br />Independence Plaza, 950 Executive Director <br />1050 Severlteendi St. Ronald W. Cattany <br />CO 80265 <br />Denver Division Director <br />, Natural Resource Trustee <br />Re: Monogram Mines, Permit No. M-1978-222-UG, Fn>Iancial Warranty Reduction Approval, Revision <br />No. SR-1 <br />Dear Mr. Wetz: <br />On August 18, 2003 the Division of Minerals and Geology approved your request for a Financial Warranty Reduction <br />to $1,420.00. Please provide a rider to the current Financial Warranty, or submit a new Financial Warranty reflecting <br />this amou>n. If you wish to submit a different type of Financial Wanamy, please wntact our office for the applicable <br />form. <br />The Financial Warranty Reduction approval is for all earthwork and closures completed and the release of all portions of <br />the site except the Great Hesper. <br />If you have any questions, please contact me at (970) 243-6368 or Barbara Chiappone, in the Denver office, at <br />(303)866-4074. <br />Sincerely, <br />fld Steve S. Shuey <br />Environmental Protection Spceialist <br />ce: Barbara D. Chiappone, Division of Minerals and Geology <br />Office of - Office of Colorado <br />Mined Land keclama[ion Active and Inactive Mines Geological Survey <br />