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iii iiiiiiiiniiiiii • ~` <br />999 <br />Gold Eagle Mining, Inc. <br />cv~me,~~.~z~aec::sc~- 845EMainStreet' Montrose, CD 81401' 97049-04W~~'"Fax4)0-2493292 <br />Mr. Wallace Erickson \v~0 <br />Colorado Division of Minerals and Geology GE <br />484 Turner Drive Building F #101 R~ X999 <br />Dear Mr' ErO kso 01 ~~~ M~ata\SgG~~v <br />)\~~`,~c <br />In our recent conversation discussing the transfer of the Burro Mine (M-77-297) <br />from Umetco to Gold Eagle Mining, lnc., we discussed that with the reclamation plans <br />proposed by Umetco for part of the permit and the recent request by the BLM to <br />designate certain portions of the permit for historical purposes, it is our opinion that the <br />reclamation liability to be assumed by GEMI will be substantially reduced. As di:~cussed <br />GEMI asks that the DMG withhold the final transfer allowing the pending actions to <br />proceed, then recalculate GEMI's bond requirements. <br />If you have any questions, please contact me. <br />Sinc ~~~~~- <br />Don Coram <br />President <br />cc: Suzi Ericksen, DMG <br />