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III IIIIIIIIIIIII III <br />998 <br />Santa (Fe rlrail RarrcFi <br />SI Rahn 7Ois1-BalCnin LrC. Dnrlopmmr <br />2928 STRAUS I~NE. SUITE 1200 • COLORADO SPRINGS, COLORADO 60907 • (7191 52P 1561 • FAX 1719) 52P I56? <br />October 26, 1992 <br />Mr. Ron Thompson <br />Basin Resources <br />14300 Highway 12 <br />Weston, CO ^01091 <br />rl~kc OssotA Gnve <br />TNrS Cc+py ?oT~C <br />DUnASH ~i, "~~~~9z <br />Re: Minerals at Rancho F,scondido Development <br />Dear Mr. 'Thompson, <br />uv <br />q~\i' +- <br />~,~ RECEivED <br />"„~ OCT 27 192 <br />-• as County <br />d' •, ~ ..::no-iy & Zoning <br />~ '~ Otlice <br />~c ;~ <br />I was informed today by Richard Babn.ick, our Project Manager at <br />Trinidad, that you plan t,o enter and core drill test holes on <br />properly we own. I apologize for the tardiness in replying but I <br />was out, of town all last week. <br />Please allow me to update you on our position on this and possibly <br />we can work Cogether to find a mutually accepCable solution which <br />is our primary gon]. <br />1) We are very uninformed as to minerals and mineral rights, <br />therefore, we have retained a Lop attorney firm to advise us <br />regarding this matter and based on the letter we received, dated <br />June 18, 1992, from Mr. Earl R. White, President. This letter was <br />misdirected and was not received by me for almost 45 days after it <br />was sent and we have been very uncertain about it s intent. <br />2) The attorney firm has asked that we request you to please submit <br />your reyuest in writing including ali location, depth, data to be <br />obtained and whaC surface damage will be done and copies of mineral <br />rights granting you the right to do surface exploration. We also <br />are requesting copies of permit applications to the various state <br />and federal agencies where applicable. <br />3) In the meanCime, the law firm will review the mineral status, <br />the zoning si.atus of the recorded plat maps, the rights of the <br />surface owners and then advise us how we should proceed based on <br />their opinion. <br />4) Additionally, we were informed verbally that Basin Resources had <br />given notice pr•eviousJy 1.0 'Trinidad National Bank as to the facts <br />conl.ained in Mr.•. Whit.e's Jel.l.er of June 1B, 1992. Since we <br />purchased this properlyy from them we need to know if this is true <br />~r, <br />