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CAMP BIRD COI.ORADO, INC. <br /> (Subsidiary of Federal Resources Corporation) <br /> Camp Bird Mine Ouray, Colorado 81427 <br /> Telephone (303) 325-4355 <br /> April 4 , 1486 <br /> Mined Land Reclamation <br /> 423 Centennial Building <br /> 1313 Sherman Street ��'"`"" "' -•. .. <br /> Denver , Co. 80203 <br /> Re : Annual Reports Permit No . D1-80- 17C G 80-- 171 <br /> n Bachelor Mines <br /> 1� Dear Sirs : <br /> This Letter will constitute our annual report for the <br /> above mining operations . The only activity at both <br /> sites has been routine maintenance and up keep . We <br /> do not expect any other activity during the next year . <br /> No reclamation has been undertaken during the past year . <br /> Enclosed you will find a check for $ 100 . 00 to cover <br /> both permit annual fees . <br /> In a related matter Federal Resources wishes to <br /> transfer these two permits to the owner of the property , <br /> Bachelor Silver Mines-Carl Dismant . Federal Resources <br /> has returned these two leased properties to the owner . <br /> The owner has requested a transfer of the permits as <br /> he plans to continue mining operations . Mr . Dismant <br /> has reviewed the permits and has agreed to provide <br /> bonding as the permit requires . Federal Resources <br /> wishes ro be released from any further obligation <br /> with repect to these to permits . <br /> If you have any questions or require additional <br /> material please call or write . <br /> Sincerely , . <br /> Charles R . Ponchak <br /> cc : Carl Dismant <br />