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LEADVIL INING & <br />MILLING C ORATION <br />PRESIDENT: DONALD WILSON <br />700 CARR STREET <br />LAKEWOOD, CO 80215 <br />TEL: 303-238-3398 <br />ANNUAL REPORT <br />PERMITTEE NAME: Leadville Mining & Milling Corp. <br />PERMIT NO.: M-90-057 <br />OPERATION NAME: Hopemore &Leadville <br />ANNIVERSARY DATE: June 18, 1999 <br />ANNUAL FEE: $225.00 <br />COUNTY: Lake <br />HOPEMORE MINE <br />ay~0~0~Min~ y&1999 <br />o1o9Y <br />During the permit year Leadville Mining & Milling Corp. continued its <br />underground development work by completing the second exit requirement mandated by <br />the Mine Safety and Health Administration. Exploratory drilling was also done <br />underground in an effort to determine possible production zones. Beyond what has been <br />reported in previous yeazs, no additional surface disturbance of any kind occurred due to <br />[he underground nature of the work. A portable structure on skids housing the generator <br />for the hoist at the second exit is at the site. <br />New disturbances [hat are anticipated in the upcoming year include the installation <br />of an ore bin and enlargement of the shafthouse to cover the ore bin. It is anticipated that <br />the surface disturbance at those sites will increase to i 500 sq. ft. <br />No reclamation has begun at the mine site. The company is just beginning to get <br />into limited production and as such no reclamation is necessary. The company anticipates <br />VICE-PRESIDENT: GIFFORD DIETERLE <br />76 BEAVER STREET <br />NEW YORK, N.Y. 10005 <br />TEL: 21 2-344-51 Sa <br />being operational for the upcoming permit year. <br />