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<br />VALCO, ~1c. <br />VALL'U, Inc. <br />P.O. Bos 591 <br />~~.~ <br />H10.f2 <br />PMne' (7/9) 3362723 <br />Fax.' (779) 3762224 <br />February 3, '1001 <br />Division ojMinerals and Geology <br />1313 Sherman Street, Rm 215 <br />Denuer, Colorado, 80203 <br />Subject: annual report, Permit No. M-77-223 Wiley Pit <br />Enclosed is our check jor the annualjee jor the above mentioned pit. <br />There were no disturbances to this pit in 2000. This pit has phased reclamation, however <br />no acres have been disturbed or reclamed in the last permit year. Mining will commence as <br />market conditions change, howeuer there are rto plans to resume mining in this report <br />year. <br />Un March 23, 1999, the Division ojMinerals and Geology accepted the submittal ojan <br />increase rider jor Va~o's surety bond jor this pit. The rider increased the surety jor this <br />site from $5000.00 to $15,100.00. <br />Enclosed: 1. Check jor annual jee jor $688.00 <br />2. Exhibit B Index Map <br />3. Stages Map <br />4. Map indicating area ojdisturbance <br />R tjully, <br />George Gotto Lll <br />General Manager <br />Lamar Division <br />