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Venture Resources, Inc. <br />PO Box 1974 (303) 619-6323 <br />Idaho Springs, CO 8o4452 Fax: (303) 484-6369 <br />venttireresou reesc?att.net <br />November 22, 2010 <br />CO Division of Reclamation, Mining & Safety <br />1313 Sherman St., Room 215 <br />Denver, CO 80203 <br />Attn: Jared Ebert <br />RE: M-2009-076 Application <br />Subject: Response to DRMS' Nov. 22nd ThirdAdequacy Review <br />Dear Mr. Ebert: <br />Venture Resources is in receipt of the DBMS' November 22"d Third Adequacy Review. Following are our <br />responses enumerated in the same manner as found in that Review: <br />Page 1, Item #1: Venture Resources commits to notifying the DRMS ten days prior to doing any Shelby tube, core <br />sampling collection operations. Additionally, it is committed that the results of this test will be reported in the <br />Annual Reclamation Report. A revised Exhibit C has been attached reflecting this commitment (see page 20-21 of <br />Exhibit C, Rev. 3). <br />Page 1, Item #2: Venture Resources commits to notifying the DRMS according to Rule 3.1.5(9) prior to importing <br />any offsite material. A revised Exhibit C has been attached reflecting this commitment (see page ] of Exhibit C, <br />Rev. 3): <br />"It shall be clearly understood that a permit modification will not be necessary for milling similar <br />ore of similar mineralogy from imported locations. Notwithstanding, Venture Resources will <br />notify the DRMS and follow the reporting requirements of Rule 3.1.5(9) prior to importing any <br />offsite material. This notice shall include at a minimum the following information: general <br />description of material, source location with DRMS permit number, volume of material, and <br />operation period dates." <br />Page 1, Item #3: Venture Resources commits to providing the quarterly piezometric survey results, to include data <br />and a graphic map schematic, in the Annual Reclamation Report. A revised Exhibit C has been attached reflecting <br />this commitment (see page 20 of Exhibit C, Rev. 3). <br />Page 2, Item #4: Venture Resources has exhaustively tried to explain to the DRMS the situation that we have in <br />regards to zoning and land use issues in Clear Creek County. Please reference the previous letters we submitted on <br />Oct. 15th and Oct. 26th, 2009. <br />It appears we have reached an impasse on this subject. We want a speedy resolve and have elected to change all <br />post-mining land use references in our permitting with the State of Colorado to read: "rangeland, as defined by <br />the Colorado MLRB Hardrock Rules". Please see attached Exhibit D, Rev. 3. <br />Page 1 of 2