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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Shtemian St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />U COLORADO <br />D I V I S I O N OF <br />RECLAMATION <br />MINING <br />SAFETY <br />July 21, 2006 Bill Ritter, Jr. <br />Governor <br />Mr. Carl F. Dlsmant Harris D. Sherman <br />Bachelor Silver Mines Company Executive Director <br />P.O. Box 965 Ronald W. Cattany <br />Ouray, CO 81427 Division Director <br />Natural Resource Trustee <br />Re: Bachelor Mines, Permit No. M-1980-170, Financial Warranty Increase, Revision No. SI-2 <br />Dear Mr. Dismant: <br />On July 12, 2006 the Division of Minerals and Geology increased the current Financial Warranty for this permit to <br />$7,283.00, in accordance with Rule 4.2.1 of the Rules and Regulations. This is an increase of $1,027.00. <br />The Division ordered amendment of the current Financial Warranty, or submittal of a new Financial Warranty reflecting <br />the increase, within 60 days from the date of this letter., If you wish to submit a different type of Financial Warranty, <br />please contact me such that I may send you the applicable form. <br />If you have any questions, please contact me. <br />Sincerely, <br />Kate A. Pickford <br />Environmental Protection Specialist <br />cc: David Berry, DMG <br />Office of Office of <br />..