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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />7 313 Sherman SL, Room 27 5 C O L D 12_A D O <br />Denver, ColOradO 80203 ~ DIVISION O F <br />Phone: (303) 866-3567 IVt 1 N & A L $ <br />FAX: (303) 832$106 <br />GEOLOGY <br /> RECLA MATION•NINING <br /> SAf ETT•SCIENCE <br />November 28, 2003 Bill Owens <br />Governor <br />Chrlst0 her L. Varna <br />P <br />Varna Companies, Ine. <br />8120 Gage St. Greg E. Walther <br />Ezecutive Director <br />Ronald W. Catlany <br />Division Director <br />Frederick, CO 80516 Natural Resource Trustee <br />Re: Pit No. 1, Acreage Reduction Approval, Permit No. M-1974-052, Revision No. AR-2 <br />Dear Mr. Varna: <br />On November 26, 2003, the Colorado Division of Minerals and Geology approved your request for <br />release of the Amendment 1 and Amendment 2 areas from Permit M-1974-052. <br />The permit area was reduced to your original permit area of 147.9 acres, through the release of the <br />Amendment areas. Also, during the review of your release request, it was noted that the current <br />required bond amount was recorded as $169,802.50, although the Division only has a $139,500.00 <br />bond on file. Because of the release of the Amendment areas, the Division believes that $139,500 <br />bond is adequate and acceptable. Please note that because the permit is not totally released, you are <br />still liable for filing annual reports and fees. <br />If you have any questions, please contact me. <br />Sincerely, <br />~~~ , <br />Gre~~°Squire <br />Environmental Protection Specialist <br />cc: Carl Mount -DMG, Via e-mail <br />Barbara Chiappone -DMG <br />Office of Office of Colorado <br />Mj}~jl~§rE(~1~ry'~~age ralease, M1974-052 AR-2 11-2603.doc ARive and Inactive Mines Geological Survey <br />