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III IIIIIIIIIIIIIIII <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanment of Nawral Resources <br />1317 Sherman 51., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303186Cr3567 <br />FAX: (703183?-8106 <br />February 10, 1999 <br />Ron Thompson <br />Property Manager <br />Basin Resources, Inc. <br />14300 Highway 12 <br />Weston, CO 81091 <br />RE: Golden Eagle Coal Exploration Bond Release Status as of February 1999 <br />Mr. Thompson: <br />UI VISION OF <br />,NINERA LS <br />-&- <br />GEOLOGY <br />4ECLAM ATIpN <br />M1IN IN GSAfETY <br />B~II OweNs <br />vJYPTp( <br />Greg E. Walther <br />E.ecmlve Dlrenor <br />ntichael B. lung <br />Dvector <br />Based on my review of DMG records, here is the current status with regard to coal exploration <br />bond release requests and field inspections of same. <br />• CX-84-175-17 -request received 6/12/98, needs inspection, seven sites left, $4,748 <br />• CX-93-213-02 -nine sites left, $77,466 <br />• CX-95-213-06 -13 sites left, two BLM, $128,522 <br />• CX-90-175-22 -three left, $44,424 <br />• CX-82-175-I S - 10 trench cuts reclaimed 1996 left, $20,400 <br />• CX-91-175-23 - MR-66, TR-38 four sites total remain, $90,000 <br />Please check your records and let me know if this information is incomplete or inaccurate. <br />Sincerely, <br />Kent Gorham <br />Environmental Protection Specialist <br />cc: Dan Hernandez, DMG <br />