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TRAPPER MINING INC. <br />June 5, 2003 <br />RF~~~ <br />Ms. Janet Binns ~ : ~.f~O <br />Environmental Protection Specialist n~~ <br />Colorado Division of Minerals and Geology v' ~ 4 ~„ <br />1313 Sherman Streek Room 215 "~3 <br />Denver, Colorado 80203 'M%ne~e~se~dGe%gy <br />Re: Trapper Mining Inc., Permit C-81-010 <br />Minor Revision 189 <br />Deaz Ms. Binns: <br />Please find enclosed minor revision application materials that relate to a mine plan update in the <br />G strikeline pit azea. Trapper is seeking approval for the excavation and mining of the boxcut and <br />one subsequent cut. The azea involved is shown on revised Map M-10A, sheet 3 and includes the <br />associated backslopes. Topsoil stripping for this azea has been previously approve. Estimated <br />reclamation bond regrade costs have been updated for all pits. The costs aze based on lineal feet <br />of open pit and are shown below: <br /> PR-4 Original Actual Average Cost <br />Pit Lineal Feet Lineal Feet /Lineal Ft Difference <br />East A 0 2,280 269 $ 613,320 <br />Derringer 4,240 4,300 269 $ 16,140 <br />Enfield 3,800 0 269 $-1,022,200 <br />East F (Z) 2,990 2,050 269 $ -252,860 <br />Flintlock 5,200 5,180 269 $ -5,380 <br />Gtest 0 1,300 269 $ 349,700 <br />Gdip 4,280 3,250 269 $ -277,070 <br />Gstrike 0 1250 269 $ 336.250 <br />Total 20,510 19,610 269 $ -242,100 <br />The total lineal feet associated with MR189 is 970 feet higher than the basis for our current <br />performance bond liability of $18,279,608. At $269 per lineal feet, the liability increases by <br />$260,930 bringing the total to $18,540,538 . Trapper currently holds a bond of $18,500,000. <br />Trapper will submit a bond rider to cover the difference of $40,538. <br />Please contact me or Forrest Luke if you have any questions. <br />Sincerely <br />James M. Mattem <br />Engineering Manager <br />c Forrest Luke <br />P.O. Box 187 Craig, Colorado 81626 (970) 824-4401 <br />