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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />137 3 Sherman St., Room 215 C O L D RA D O <br />Denver, Colorado 80203 D I V I S I O N o f <br />Phone: (303) 866-3567 MINERAL S <br />FAX: (303) 832b106 G E O L O G Y <br /> RFCLANATION•NININO <br /> SAf ETY•SCIENCE <br />July 6, 2006 gdl oven: <br /> Governor <br />Ron G. Thompson Russell George <br /> Enecutive Director <br />Basin Resources, Inc. <br /> <br />C/o Peak Project Management Ronald W. Cattany <br />Divi:inn Director <br />34115 County Road 20.8 Natural Resource Trustee <br />Trinidad, CO 81082 <br />Re: Golden Eagle Mine (Permit No. C-1981-013) <br />Bond Release Application No. 5 (SL-5) <br />Dear Mr. Thompson: <br />In accordance with Rule 3.03.2(5)(b) of the Rules and Regulations of the Colorado Mined Land <br />Reclamation Board for Coal Mining (Rules), you are hereby notified that the Division's decision to <br />Approve Bond Release Application No. 5 for the Golden Eagle Mine became final on February 27, 2006. <br />No requests for an adjudicatory hearing on our proposed decision were received. <br />Bond Release No. 5 reduces your reclamation liability by $9,939.65. The current liability is now <br />$141,892.49. If you choose to reduce or replace your existing bond, it must equal or exceed $141,892.49. <br />The Division suggests you provide a copy of this letter, the OSM concurrence letter dated February 2, <br />2006, and the BLM concurrence memorandum dated January 26, 2006 to your bonding company for <br />written evidence <br />If you have questions or need additional information, please contact me. <br />Sinc ely, <br />7~~~- <br />Ke t A. Gorham <br />Environmental Protection Specialist <br />KAG/Jrc <br />cc: Johanna R. Cramer, CDMG <br />Enclosure <br />C-SL-IS C1981013 KAG 20060706 23509 PM <br />Office of Office of Colorado <br />Mined Land Rxlamation Active and Inactive Mines Geological Survey <br />