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L J DEVELOPMENT, INC. <br />159 TIFFANY CT. PUEBLO, CO 81005 <br />JULY 2, 2003 <br />Division of Minerals and Geology <br />1313 Sherman Street, RM 215 <br />Denver, CO 80203 <br />RE: ANNUAL REPORT <br />PERMIT NO.: <br />OPERATION NAME: <br />ANNIVERSARY DATE: <br />TOTAL FEES: <br />M-2001-033 <br />ROUGHCUT PIT <br />JULY 17, 2003 <br />$ 688.00 <br />Gentlemen: <br />RECEIVED <br />JUL 1 1 2003 <br />Oivisiort ~t Minerals and Geaia9Y <br />Attached is a check in the amount of $ 688.00 for the Annual Report Fees, as well as the updated <br />map showing the activity this past year. This mine has been mined the past year and processing <br />is ongoing. the Haul Road has been completed and will be maintained. About 10 acres are active <br />at this time.Next year approximately 5 to 6 acres will be disturbed and reclamation will follow as <br />mining progresses. <br />This is a long term pit and it will be in production and reclamation for the life of the mine. This <br />is an active pit. Please see map for other details, <br />Sincerely, <br />~'~~" <br />'Joe Ga hano <br />g <br />Consultant <br />PHONE (719) 240-9424 FAX (719) 564-3088 <br />