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. • <br />STATE~F ~.~D-Z <br />COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of NaWral Resources <br /> <br />131 3 Sherman St., Room 215 Q~ ~~~ <br />Denver, Colorado 80203 I~~~~~~ <br />Phuno: (7031 866-3567 <br />FAX: U03) 832-8106 <br /> DEPARTNIEN'C OF <br /> NATURAL <br /> RESOURCES <br /> Roy Romer <br />/ Governor <br />r <br />March 4, 1998 v lames 5. lochhearl <br /> Executive Director <br />Mr. Ra mond Fitz erald <br />Y g ~ Mienaei a. EonR <br />Division Director <br />Telluride Mining Company, [nc. <br />C/O Butler, Fitzgerald & Potter <br />1155 Avenue of the Americas <br />New York, NY 10036 <br />Re: Performance Warranty Submitted for <br />Permit No. <br />Dear Mr. Fitzgerald: <br />for the C-JD-S <br />Please find enclosed the original Performance Warranty that you submitted for a Succession of Operators <br />application for the above referenced mining operation. Due to the Denial of the Succession of Operators <br />on November 12, 1997, the Division is returning your Performance Warranty. <br />If you have any questions, please do not hesitate to call. <br />Sincerely, <br />Barbara D. Chiappone <br />Minerals Division Program Assistant II <br />Enclosure <br />CERTIFIED MAIL NO. P 526 431 309 <br />Return Receipt Requested <br />