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y-ptj,sjGr' <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depardnent of Natural Resources <br />1373 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />COLORADO <br />DIVISION O F <br />MINERALS <br />GEOLOGY <br />REC LANATION•NINING <br />f Af ETT•f CIf NCE <br />Bilf Owens <br />Governor <br />09/22/2005 <br />Russell George <br />Executive Director <br />Mr. Christopher L. Varna Ronald w. Cattany <br />Division Director <br />Varna Companies, Ine. Natural Resourre Trustee <br />8120 Gage St. <br />Frederick, CO 80516 <br />Re: Pit No. 1, Permit No. M-1974-052, Financial and Performance Warranty Release Approval, Revision No. <br />SL-I <br />Dear Mr. Varna: <br />I am pleased to inform you that on August 23, 2005 the Division of Minerals and Geology released Varna Companies, <br />Inc. from further responsibility for the Pit No. 1. Enclosed is the Employers Mutual Casualty Company Corporate Swety <br />Bond No. in the amount of $139,500.00, and the Performance Warranty you originally provided. These aze <br />released in their entirety. You should advise the issuer of yow bond of this release by copy of this letter. <br />The Mined Land Reclamation Boazd and the Division staff wish [o commend Varna Companies, Inc. for yow reclamation <br />efforts and the resuiting success. <br />Sincerely, <br />~~~ - <br />i ~ <br />Environmental Protection Specialist <br />Encloswes <br />CERTIFIED MAIL NO. 7004 1350 0001 1636 7268 <br />Return Receipt Requested <br />cc: Suzi Ericksen, Division of Minerals and Geology <br />CNfice of Office of Colorado <br />Mined Land Rxlamation Active and Inactive Mines Geological Survev <br />