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5o -? <br />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 2, 2010 <br />COLORADO <br />D IV IS I ON OF <br />RECLAMATION <br />MINING <br />SAFETY <br />Bill Ritter, Jry__ <br />Governor <br />Mike King <br />Executive Director <br />Paul Ducommun Y <br />Loretta E. Pineda <br />Ducommun Business Trust Director <br />P.O. Box 461 <br />Monument, CO 80132 <br />Y' Y <br />Re: Alma Placer Mine, Permit No. M-1985-029, Succession of Operators Approval, Revision No. SO-3 <br />Dear Mr. Ducommun: <br />On December 21, 2009, the Division of Reclamation, Mining and Safety approved the succession of operators from <br />Ducommun Business Trust to Alma Placer Company, LLC for this operation. Alma Placer Company, LLC -is now the <br />permitted operator of the Alma Placer Mine, as of November 2, 2010 and as such, is responsible for all provisions in M- <br />1985-029, as well as those specified in the Rules and Regulations. <br />Enclosed are the following bonds and the Performance Warranty you originally provided. <br />Bond Types <br /> <br /> $33,000.00 <br />Letter of Credit, American National Bank $56,917.00 <br />Per the succession of operator approval these bonds have been released in their entirely are enclosed herewith. You <br />should advise your bank or insurance company of this release by copy of this letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />Z4'- <br />David A. Bird <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIED MAIL NO. 7007 3020 0001 6340 0430 <br />Return Receipt Requested <br />Office of Office of <br />Mined Land Reclamation Denver • Grand Junction Durango Active and Inactive Mines