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RECEIVED <br />JUN 1 6 2003 <br />J. PAT & LILA N. GREER <br />M-19 8 5 -115 Division ~f Minerals and Geology <br />GREER PIT <br />ANNIVERSARY DATE - JUNE 25, 2003 <br />This is a report of activiCies of the Greer Pit for <br />the year: 6/25/02 to 6/25/03. <br />Hauling for most of the year. <br />Stripping of Pit from 6/2/02 to 7/15/03 <br />Crushing of Material 6/2/02 to 7/15/03 <br />Stock piling of Material 6/2/02 to 7/15/03 <br />The area worked was approximately 3.9 acres <br />No reclamation was performed this period. <br />No seeding has been performed this period. <br />I don't feel we will be performing any reclamation <br />or seeding in the coming year. <br />Active operation will be hauling and maybe crushing <br />in 2004. <br />The financial warranty is now four (4) bonds totaling <br />$9,500.00 with Vectra Bank, Colorado in Durango Colorado. <br />The first three bonds, $5,000.00, $1,000.00 and $1,000.00 <br />were issued to J. Pat and/or Lila N. Greer assigned to <br />State of Colorado - M.L.R.B. PDPA 01000 400 5101, 1313 <br />Sherman Street 11225, Denver Colorado 80203. <br />The fourth Bond, Dated 3/31/03 is made out to <br />"Assigned to State of Colorado, 1313 Sherman Street, Rm <br />215, Denver, Co" <br />P.D.P.A 11010004005101 <br />Beneficiary: J. Pat Greer, Lila N. Greer <br />If you have any questions, please call me at (970) <br />588-3325. <br />J. Pat and/or Lila N. Greer <br />8097 County Road 100 <br />Hesperus, CO 81326 <br />Phone: {970) 588-3325 <br />~~~~ <br />Pat Greer, Operator <br />