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KEY -116 <br />Site: E02 <br />Key Agricultural Services, Inc. <br />114 Shady Lane • Macomb, IL 61455 • 309/833.1313 <br />Client: Western Fuels - Colorado, LLC <br />P.O. Box 628 <br />Nucla, CO 81424 <br />Id Number: 7921, 7961 & 8132 <br />Project: New Horizon Mine <br />Permit No. C- 1981 -008 <br />Date: January 7, 2012 <br />Mesh 18 Mesh 35 Mesh 60 Mesh 140 Mesh 300 <br />Depth >2MM VCS CS MS FS VFS Sand Silt Clay <br />Lab ID (ft) % %Material %Material %Material %Material %Material % % % Texture <br />23204 0 -5 0.15 0.15 0.61 13.00 18.58 18.40 50.70 28.60 20.70 L <br />23205 5 -10 0.10 0.05 0.40 11.24 13.90 18.03 43.60 36.70 19.70 L <br />23206 10 -15 0.24 0.08 0.50 12.01 15.31 17.76 45.70 33.10 21.20 L <br />23207 15 -16 0.10 0.01 0.33 10.35 12.78 18.42 41.90 35.20 22.90 L <br />R1 Page 2 of 2 <br />