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P.O. BOX 584 311 MAIN OURAY, COLORADO 81427 <br />PHONE 970-325-4482 FAX 970-325-4481 <br />June 27, 2003 <br />Mr. Ron Crattany <br />State of Colorado <br />Division of Minerals and Geology <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br /> <br />JUN 2 7 2003 <br />Oirision of Minerals and Geology <br />Re: Idarado Mining Company <br />Mnual Report Submittal <br />Permit No. M-1977-403-IIR <br />Dear Mr. Crattany: <br />Enclosed please find Idarado Mining Company's 2003 Mnual Report and annual permit fee <br />payment of five hundred and fifty dollars ($550). This report addresses mining and beneficiation <br />operational status and site reclamation/remediation status for the Red Mountain and Pandora <br />(Telluride) mine operations. <br />Following review of the attached information should any questions arise or I can be of further <br />assistance, please feel free to contact me at either (970) 325-4482 or (303) 324-2630. <br />S~ fe~'elY, <br />B~il~l L~/yl <br />Vice President/Site Manager <br />wsVfile <br />