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~ M -~ ~r-o-3 ~ ,~t y <br />Echo Gold Corporation I RECEwEo <br />7190 West 29Fh Place SAN 3 ~ <br />Denver, Colorado 80215 1998 <br />303J233-7341 Fax/ 237-1103 <br />Divi$ion of Minerals 6 Gedogy <br />January 2M, ly9d <br />Elk Creek Gold Mines Con~pany <br />BUS Garland Street <br />Lakewood, C^ BU21S <br />pear Sirs: <br />Echo Gold Corporation terminated its operations ^n the Mackay Mine in <br />Dctober, lyyl and has not worked un the property since that (time. It <br />does have certain equipment ^n the property, including a conNeyor, two <br />impact mills, slurry pump, two spirals and other miscellaneoNs items <br />wliic~r it will remove upon their sale. <br />We hold a rehab bond ^n the site, paying $225,00 per year. A $15UU Uond <br />is required t^ be paid to the State by your company. This bpnd in place <br />represents tens ^f tliuusands of dullara savings to your firm'by a transfer <br />back to your firm. <br />This transfer must be accomplished within the next ten days, otherwise <br />Ech^ Gold Corporation will drop out leaving you responsible for your <br />action. <br />The following conditions apply; <br />1. Ech^ Gold Corporation equipment can stay ^n site untjil sale. <br />2. Transfer of the bond with Elk Creek Gold Mines Cornp~ny pasting <br />~,' ,SUU.L'L' far tl}e bond. <br />3. Payment of ~225.U^ t^ the Colorado Uivisiun ^f Mineg and Geology. <br />If you have question regarding this transfer you may call Gary 5. Curtiss, <br />Colorado Division ^f f°lines and Geology, at 86b-35fi7, <br />Yours truly, <br />Albert F. Trites, President <br />Ecri^ Gald Carfroration <br />cc. Gary 5• Curtiss <br />