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FISHING, HIKING <br />CABINS, LAKES AND REVERS <br />SOWARD RANCH <br />ESTABLISHED 1886 <br />Q A RESORT CATTLE RANCH ~ <br />THE LAMB FAMILY <br />OWNERS <br />BOX 130 <br />CREEDE,COLORADO 81130 <br />July 26, 2007 <br />Division Of Minerals and Geology <br />1313 Sherman Street-Room 215 <br />Denver, Colorado 80203 <br />To Whom It May Concern: <br />Please find enclosed our signed annual report form, our check in the amount of the <br />$323.00 annual fee, and a series of photos of our pit taken just this morning in substitution <br />for the annual report map, The photos were taken from lefr to right, starting where the <br />access road comes into the permit area (facing southwest)and ending on the far edge of the <br />pit (facing northeast). <br />As you'll see, the pit is currently inactive with no material stockpiles remaining. <br />Our enfire inventory was liquidated last summer and we have no plans to extricate or <br />process any material in the upcoming year. Our thoughts are that if and when fuel prices <br />return to a reasonable level we will then look at the possibility of bringing in a <br />crushing/screening plant and replenishing our inventory. <br />Sincerely, <br />R. Scott Lamb-Manager <br />Soward Ranch Pit <br />