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P.O. BOX 584 311 MAIN OURAY, COLORADO 81427 <br />PHONE 970-325-4482 FAX 970-325-4481 <br />June 26, 2002 <br />Mr. Ron Crattany <br />State of Colorado <br />Division of Minerals and Geology <br />1313 Sherman Street, Room 215 <br />Denver, CO 80203 <br />Re: Idarado Mining Company <br />Annual Report Submittal <br />Permit No. M-1977-403-HR <br />RECEBlfED <br />JUL 0 1 2002 <br />Division of Minerals and Geology <br />Dear Mr. Crattany: <br />Enclosed please find Idarado Mining Company's 2002 Annual Report and annual permit <br />fee payment of $SSO. 'This report addresses mining and beneficiation operational status <br />and site reclamation for the Red Mountain and Telluride mine operations. <br />Following review of the enclosed information should any questions arise or I can be of <br />further assistance, please feel free to contact me at (970) 325-4482 or (303) 324-2630. <br />Sincerely, <br />,C'J <br />Bill Lyle <br />Vice President/Site Manager <br />file <br />