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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 />April 15, 2009 <br />Ron Thompson <br />Basin Resources, Inc. <br />c/o Peak Project Management <br />34115 County Road 20.8 <br />Trinidad CO 81082 <br />COLORADO <br />D I V I S ION OF <br />RECLAMATION <br /> MINING <br /> <br /> SAFETY <br /> <br /> <br />J <br /> Bill Ritter, Jr. <br /> Governor <br /> Harris D. Sherman <br /> Executive Director <br /> Ronald W. Cattany <br /> Division Director <br /> Natural Resource Trustee <br />RE: 2008 ARR Review, Golden Eagle Mine, #C-81-013 <br />Dear Mr. Thompson: <br />The Division has completed review of the 2008 Annual Reclamation Report for the Golden Eagle mine. <br />Surety Release No. 6 (SL-06) was approved and became final on October 6, 2008. Reclaimed acreage <br />status as on the end of 2008 is shown below. All 66.17 reclaimed acres have received a Phase I bond <br />release, with 1.2 acres remaining at the NW-1 ventilation shaft that still require a Phase II and Phase III <br />bond release at some time in the future. <br />Golden Eagle Bond Release Status <br />Achieved Achieved Achieved <br />Description Acres Phase I Phase II Phase III <br />Main Facility 51.4 51.4 51.4 51.4 <br />Ponds 3 and 4 5.6 5.6 5.6 5.6 <br />RR track 0.1 .1 .1 .1 <br />NW-1 vent 1.2 1.2 0 0 <br />Apache shafts 1.15 1.15 1.15 1.15 <br />Roads and pads 6.72 6.72 6.72 6.72 <br />Totals 66.17 66.17 64.97 64.97 <br />Thank you for completing your reclamation reporting in a timely manner. We have no further questions at <br />this time. <br />Since ly, <br />t Gorham <br />Environmental Protection Specialist III <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction • Durango Active and Inactive Mines