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STATE OF COLORADO <br />DIVISION OF RECLAMATION, MINING AND SAFETY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />November 17, 2008 v <br />N®N CONFI®ENTIA~ <br />COLORADO <br />DIVISION O F <br />RECLAMATION <br />MINING <br />- &- <br />SAFETY <br />Bill Ritter, )r. <br />Governor <br />Mickey Fouts Harris D. Sherman <br />Executive Director <br />T COAG Corporation_ Ronald w. cottony <br />200 South Wilcox Street, #402 Division Director <br />Castle Rock, CO 80104 Natural Resource Trustee <br />Re: Notice of Intent to Conduct Prospecting for COAG Corporation; DRMS File No. P-2007-069; v <br />_ Approval to Commence Prospecting v <br />Dear Mr. Fouts: <br />The Division of Reclamation Mining and Safety received your Notice of Intent to Conduct Prospecting <br />Operations (NOI) on December 19, 2007. Your notice was reviewed by our office and approved on <br />November 14, 2008. Your financial warranty for $7,000.00 in the form of a one-site prospecting bond check <br /># 1026 has also been reviewed and approved by our office. <br />Therefore, final approval for this Notice of Intent to Conduct Prospecting at the Franklin and <br />Freighter's Friend Shafts is hereby granted and you may commence operations. <br />Also, in accordance with Rule 5.6, an Annual Report and associated fee of $86.00 must be submitted on your <br />notice approval anniversary date for each year following the filing of an NOI until reclamation responsibility <br />release is granted. In addition, Rule 5.3.4 requires the prospector to notify the Division of completion of <br />prospecting operations and Rule 5.7 requires the submittal of a final report for drill holes within 60 days of <br />completion of the abandonment for artesian flow holes and within one year of completion of the <br />abandonment for any other drill holes. <br />If you have any questions, please contact our office at (303) 866-3567. <br />Sincerely, <br />.~~~. <br />David Bird <br />Environmental Protection Specialist <br />cc: Bruce Humphries, Regulatory Permits Management, Inc. <br />Tony Waldron - DRMS <br />Elizabeth Taliaferro - DRMS <br />Office of Office of <br />Mined Land Reclamation Denver Grand )unction Durango Active and Inactive Mines <br />