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5L?O <br />RECD\JO <br />SEP rL 2006 <br />Division of Reclan°at <br />Mining and Saiety . <br />September 19, 2006 <br />Mr. Kent Gorham <br />Colorado Division of Minerals & Geology <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />Re: Golden Eagle Mine: Permit No. C-81-013 <br />Bond Release <br />Dear Mr. Gorham: <br /> <br />Enclosed are three copies of the Report Request for Phase III Bond Release at Basin Resources, Inc. 's <br />Golden Eagle Mine. According to the report and the vegetation studies conducted during years nine and ten <br />of the reclamation process, the referenced areas of the mine qualify for Phase III release. <br />In addition, Basin is requesting full Phase I, II and III release for the areas known as Pond 3 and Pond 4 <br />also referenced in the report, and for areas overlying mining in Township 33 South, Range 67 West of <br />Sections 20, 21, and 28 contained within the Golden Eagle permit area. Excluded from this request are 1.2 <br />acres in Section 19 known as the Northwest Airshaft. <br />Sincerely, <br />Ronald G. Thompson <br />Peak Project Management <br />34115 County Road 20.8 <br />Trinidad, CO 81082 <br />Telephone/Fax: (719) 846-2427 <br />Cell: (719) 859-0111 <br />e-mail: ronthompson@sensonies.org <br />Enclosure