Laserfiche WebLink
<br />GOLD HILL VENTURES <br />P.O. Box 1523 <br />Longmont, Colorado 80502 <br />(303) 651-2985 <br />January 21, 1992 <br />Mrs. Gwen Fraser <br />President <br />Colina Oro Molina, Inc. <br />P.O. Box 80905 <br />Seattle, Washington 98108 <br />Dear Mrs. Fraser, <br />Your company, Colina Oro Molina, Inc., (COM, Inc.), is currently milling the ore that <br />was stockpiled southeast of the mill building. This ore was produced from screening <br />operations on the Cash mine dump during June and July, 1988, on claims owned by Mi Vida <br />Enterprises and various members of the Steen family. All of the money expended in screening <br />and transporting this ore was provided by Cosmos Resources, Mi Vida Enterprises, and Steen <br />family members. None of the costs of handling this ore were funded by COM, Inc., or by <br />Richard H. or Gwen Fraser. I distinctly remember paying the final wages of the two Gold <br />Hill Ventures' employees who were screening and transporting the Cash mine dump ore with <br />my own money. <br />The ore stockpile at the mill is similar in grade to other low-grade fines processed in <br />the Gold Hill Mill during the period between July 2 and July 16, 1988. The average grade of <br />this ore was 0.18 ounces of gold and 1.35 ounces of silver per ton, which would be worth <br />$70.05 per ton. There was approximately 500 tons of this ore on the stockpile and in the fine <br />ore bin when COM, Inc. took possession of the Gold Hill Mill on October 23, 1990. This ore <br />has a value of $35,000 at present precious metal prices. <br />While part of this ore stockpile was located on the Oscar Lode (patent no. 17992) it <br />was mostly situated on the Trumbo Lode (patent no. 589), and the Hazel A Lode (patent no. <br />]5825). Some of it may also be located on the White Cloud Lode (patent no. 107), and on the <br />