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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1373 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: 1303) Sb63567 <br />FAX: (303) 832-8106 <br />June 18, 2004 <br />COLORADO <br />DIVISION O F <br />MIN SRALS <br />GEOLOGY <br />4ECLANATION•NINING <br />SAFETPSQENOE <br />Bill Owens <br />Governor <br />Mr. Ronald E. Walker Russell George <br />AZCO Construction, Inc. <br />Enecutlve Director <br />2055 Highway <br />50 Ronald W. Catlany <br />o <br />Penrose, CO L11240 Division Director <br />Natural Resource Trustee <br />Re: File No. M-2004-029, AZCO Pit, 110c Decision Letter -Fin ancial and Performance Warranty Request - <br />Construction Material Operation <br />Dear Mr. Walker: <br />On Jlme 15, 2004, the Division of Minerals and Geology approved your 110c mining permit application. <br />The amount of financial warranty set by the Division for this operation is $17,500.00. You must submit a financial <br />warranty in this amount and a performance warranty in order for us to issue a permit. In the event you have requested a <br />fmancial warranty form, we have enclosed it in this letter. L`you have not, please select a type of fmancial warranty from <br />Rule 4.3. Then contact us so that we can provide you with the appropriate warranty form. We have enclosed a <br />performance warranty form with this letter for your use. <br />PLEASE NOTE THAT MINING OPERATIONS MAY NOT COMMENCE UNTIL A PERMIT HAS BEEN <br />ISSUED BY THE DIVISION AFTER RECEII'T OF YOUR FINANCIAL WARRANTY AND PERFORMANCE <br />WARRANTY. A PERMIT WILL NOT BE ISSUED UNTII. WE VERIFY THE ADEQUACY OF BOTH YOUR <br />FINANCIAL WARRANTY AND PERFORMANCE WARRANTY. <br />If you have any questions, please contact me. <br />Sincerely, <br />Berhan Keffelew <br />Environmental Protection Specialist <br />Enclosure <br />cc: Joe Gagliano, LJ Development, Inc. <br />Office of Office of Colorado <br />Mined I and Reclamation AtYive and Inactive Mines Geoloeical Survev <br />