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ese, 2t5 <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 8663567 <br />FAX: (3031832-8106 <br />Apri17, 2006 v <br />Mr. Richazd Connell / <br />Connell Resources, Inc. !/ <br />4305 E. Harmony Rd. <br />Fort Collins, CO 80528 <br />Re: Wellington Downs Pit, Permit No. M-1995-035, Financial Warranty <br />,iSR-1 <br />Deaz Mr. Connell: <br />OLORADO <br />I V[ S I O N O F <br />INERALS <br />EOLOGY <br />:LA NATIGN•NINING <br />SAfETY•ECIENCE <br />Bill ovens <br />Governor <br />Russell George <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />~ ~ Natural Resource Trustee <br />Reduction Approval, Revision No. <br />On April 7, 2006 the Division of Minerals and Geology approved your request for a Financial Warranty Reducton to <br />$23,862.00. This is a reduction of $114,838.00. <br />Please provide a rider to the current Financial Warranty, or submit a new Financial Warranty reflecting this reduction. If <br />you wish to submit a different type of Financial Warranty, please visit our website at btip•/lmining,glate cn nc/ to <br />download an applicable•form. <br />If you have any questions, please contact me at (303) 866-4943. <br />S~ y, <br />_ ~J . <br />rica S. Crosby <br />Environmental Protection Specialist <br />cc: Elizabeth Shelton, Division of Minerals and Geology <br />Bill Schenderlein; Applegate Group. <br />Office of Office of Colorado <br />Mined Land Reclamation Active and Inactive Mines Geological Survey <br />