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Dan Collins, Landowner's Representative <br />1417 S. Grandview Dr. <br />RECF~V~® <br />Tempe, AZ 85281 ~CT? B 2~ <br />Annual Report: Deep Creek Placer (Permit No. M-1986-102) ar'ision of Minerals and Geology <br />Sept. 4, 2005 <br />Deaz Sir or Madam: Please accept this Annual Report on the "Deep Creek Placer," a <br />temporarily inactive limestone mine 7 miles west of Telluride, Colorado at the <br />confluence of Deep Creek and the San Miguel River. <br />--No mining has taken place in the year Sept. 5, 2004 -Sept. 4, 2005. <br />--Portals to the mine have been checked and they are secure. <br />--A new heavy duty lock and hasp has been installed on the "equipment room" entrance. <br />--Routine maintenance of access road has been carried out. <br />--A large boulder was removed from the access road in late October of 2004. <br />--Annual maintenance of stormwater "ponds" along access road for capturing runoff has been <br />carried out. <br />--Access road gate is secure and locked. <br />--A letter dated July 13, 2000, discussing the Existing Bond on the Mine, was received from Bob <br />Oswald, Environmental Protection Specialist in the Durango Office. It was mailed to the current <br />permittee contact, Michael Moore of B-Mining, PO Box 326, Nucla, Colorado 81424 last year <br />and copied to myself and Suzi Ericksen. The letter indicated that the existing bond is sufficent <br />($12,000). <br />--See enclosed map showing existing permitted area. <br />--No disturbances to the surrounding land or the mine are anticipated in the coming year. <br />--Regular maintenance of roads, equipment apron, portals, and stormwater ponds will be <br />conducted by myself over the course of the coming year. <br />The Mine is part of a property owned by the Collins Living Trust. I am a co-trustee of <br />the Trust along with my two sisters, Jean Collins Norris (Chatham, Massachusetts) and <br />Lois Morehead (Chico, California). My mother, Kathryn O. Collins, passed away this <br />past January in Tempe, Arizona. <br />The current permittee for the mine (Michael Moore of Nucla, Colorado) has not actively <br />removed material in the past year. However, there aze on-going discussions in the family <br />and with the permittee that may lead to a bid to reopen the mine in the future. This is <br />hazd to predict and is dependent on many factors, most notably the high cost of hazd-rock <br />mining and the demand for limestone in the mazketplace. <br />Respect ly submitted, <br />~~__~ <br />Dan Collins <br />Encl: Map of property; Annual Fee (check) and Annual Fee and Report Request Form. <br />