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RECEIVED <br /> ANNUAL REPORT <br /> FEB 0 5 2001 <br /> PERMIT NAME: SILVER MOUNTAIN PRESERVE,INC. Division of Minerals and Geology <br /> PERMIT NO. : M-1992-003 <br /> OPERATION NAME: WILLIS PIT <br /> COUNTY: HUERFANO <br /> DATE: JANUARV,31,2001 <br /> This is an 8.57 acre permit with approximately 5 acres affected by mining operations. <br /> The pit is approximately 3 acres in size with the haul road/stockpiling and work areas <br /> taking in the remaining 2 acres.The processing operation consist of a loader or excavator <br /> feeding a portable screen.Processed materail currently is -2 road base/ drain tile / rip rap <br /> rock.The processed materail is being used on the ranch by the owner for roads,driveways, <br /> landscaping and erosion control.There was approximately 14,400 ton removed in 1999 <br /> and about 12,000 ton removed in the year 2000.There has not been any additional <br /> reclamation done(the west and north west bank has been done).There is no additional <br /> reclamation scheduled until pit is exhausted.The pit has been used year round to <br /> accommodate the construction on the ranch. <br /> CONTACT NAME: Thomas Shaw, ranch manager ph.719-680-1881 fax;719-868-2416 <br /> Enclosures; payment for annual fee,maps,address and contact info. <br />