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._, . <br />RECEIVED <br />Dan Collins, Landowner's Representative <br />1417 S. Grandview Dr. AUG 2 5 2003 <br />Tempe, AZ 85281 <br />Division ~1 Mincrafs and Geology <br />Annual Report: Deep Creek Placer (Permit No. M-1986-102) <br />August 20, 2003 - <br />Dear Sir or Madam: Please accept this Annual Report on the "Deep Creek Placer," a <br />temporarily inactive limestone mine 7 miles west of Telluride, Colorado at the <br />confluence of Deep Creek and the San Miguel River. <br />--No mining has taken place in the year Sept. 5, 2002 -Sept. 4, 2003. <br />--Portals to the mine have been checked and they are secure. <br />--A new heavy duty lock and hasp has been installed on the "equipment room" <br />entrance. A replacement door is to be installed this Fall. <br />--Routine maintenance of access road has been carried out. <br />--Annual maintenance of stormwater "ponds" along access road for capturing runoff <br />has been carried out. <br />--Access road gate is secure and locked. <br />--A letter dated July 13, 2000, discussing the Existing Bond on the Mine, was received <br />from Bob Oswald, Environmental Protection Specialist in the Durango Office. It was <br />mailed to the current permittee contact, Michael Moore of B-Mining, PO Box 326, <br />Nucla, Colorado 814241ast year and copied to myself and Suzi Ericksen. The letter <br />indicated that the existing bond is sufficent ($12,000). <br />--Please refer to map showing existing permitted azea submitted in September 2001. <br />No changes. <br />--No disturbances to the surrounding land or the mine itself are anticipated in the <br />coming year. <br />--Regular maintenance of roads, equipment apron, portals, and stormwater ponds will <br />be conducted by myself over the course of the coming year. <br />The Mine is part of a property owned by the Collins Living Trust. I am a co-tmstee <br />of the Trust along with my two sisters, Jean Collins Norris (Chatham, Massachusetts) <br />and Lois Morehead (Chico, California). My mother, Kathryn Collins, is the legal <br />owner of the property but has turned the management over to myself and my sisters. <br />The current pernuttee for the mine (Michael Moore of Nucla, Colorado) has not <br />actively removed material in the past year. However, there are on-going discussions in <br />the family and with the permittee that may lead to a bid to reopen the mine in the <br />future. This is hard to predict and is dependent on many factors, most notably the <br />high cost of hard-rock mining and the demand for limestone in the marketplace. <br />ctfully b <br />an Collins <br />Encl: Annual Fee; NO MAP submitted. Please refer to 2001 map. <br />