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FISHING, HIKING <br />CABINS, LAKES Arvo RIVERS <br />SOWARD RANCH <br />ESTABLISHED 1886 <br />Q A RESORT CATTLE RANCH ~ <br />June 24, 2002 sox 130 <br />CREEDE, COLORADO 87130 <br />Division Of Minerals & Geology <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />To Whom It May Concern: <br />THE LAMB FAMILY <br />OWNERS <br />RE~EI1pE® <br />JUN 2 7 2002 <br />Division of Minerals and Geology <br />Enclosed please find our a Annual Report Form and check in the amount of <br />$281.00 in payment of our Annual Fee. As last year, there has been very little <br />significant activity at the Soward Ranch Pit. For this reason, I am hoping once <br />again to rely upon the aerial photo map we submitted with the 2000 Annual Report. <br />On 10/19/01 Mr. Bob Oswald of your office conducted an inspection of <br />Soward Ranch Pit which resulted in the increase of our reclamation bond from <br />$5,760.00 to $8,335.00. On page 2 of his Inspection Report Mr. Oswald <br />commented: "The site has changed little since the photo submitted with the 2000 <br />annual report was taken:' As in the past few years, the basis of operations at the <br />Soward Ran h P!t }vill remain the sellin and remgval of the furrent materi 1 <br />stockpiles. l~o mmmg, processing, or reclamation is planned m the foreseeable <br />future. <br />Once the current material stockpiles are depleted we may amend our permit <br />to increase its acreage, reclaim parts of the current permitted area and reconfigure <br />the site boundaries to facilitate future operations. Until then, as our reclamation <br />bond is now consistent with the state of the pit, little will change from the status <br />quo. Please let me know if you require any further information from us. <br />Truly Yours, <br />of amb-Managing Partner <br />Soward Ranch Partnership <br />(719) 658-2295 <br />