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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resounxs <br />1313 Sherman St., Room 215 C O L O RA D O <br />Denver, Colorado 80203 DIVISION O F <br />Phone: c3o3) a66-3567 MIN RA L S <br />FAX: (303) 932$106 G E O L O G Y <br />REC LANATION•NINING <br />/ Bill Ovrens <br />February Z, 2006 ~~ <br />Russell George <br />Exrxutive Direc7p <br />MT. Walter B}lillp Roruld W. Cottony <br />Fesco, Inc../ Division Dinxtor <br />P.O. Box 1895 Natural Resource Trustee <br />Bloomfield, NM 87413 / <br />Re: Ignacio Pit, Permit No. M-1992-094/, Succession of Operators Approval, Revision No. SO-2 "~ <br />Dear Mr. Bump: <br />On February 2, 2006, the Ihvision of Minerals and Geology approved the succession of operators from Fesco, Inc. to <br />LBCR, LLC for this operation. LBCR, LLC is now the permitted operator of the Ignacio Pit, and as such, is responsible <br />for all provisions in M-1992-054, as well as those specified in the Rules and Regulations. <br />Enclosed are the following bond and the Performance Warranty you originally provided. <br />Rnnd Tvne Bnnd Nnmher Rnnd Amnnnt <br />American Contractors Indemnity Company Corporate Surety 700484 $16,245.00 <br />These have been released as of February 2, 2006 Division approval for the succession of operators. You should advise <br />your bank or insurance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />~~ <br />L`, Bob Osw <br />'~UV Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIN NO. 7001 25 10 0004 2148 0904 <br />Retum Receipt Requested <br />Office of Office of Colorado <br />Mined Land Reclamation Active and Inactive Mines Geological Survey <br />