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August 20, 2013 <br />Michael Cunningham <br />Division of Reclamation, Mining and Safety <br />1313 Sherman St, Room 215 <br />Denver, CO 80203 <br />Operation Name: Higgins Pit II <br />Permit Number: M- 2012 -013 <br />Dear Mr. Cunningham: <br />RECEIVED <br />�3 ?013 <br />DIVISION or <br />MININO,yND SA � ON <br />This letter is to request an acreage release and a reduction of Financial Warranty for the above <br />mentioned operation. Please find enclosed copies of a recent survey showing the decrease of <br />acreage from 86.02 to 47.66, a release of 38.36 acres. <br />Due to this release, we are estimating the reclamation cost of 47.66 to be approximately <br />$106,380.00, a decrease of $85,620.00 of the original financial warranty amount of $192,000.00. <br />We are making this request as the land owners and operators, John and Brenda Higgins, <br />Smithburg Family Partnership, LLLP, 27451 CR 3H, Genoa, CO 80818. If you have further <br />questions regarding this request, please contact us at (719) 763 -2414. <br />Sincerely, <br />John & Brenda Higgins <br />27451 CR 3H <br />Genoa, CO 80818 <br />(719) 763 -2414 <br />Enc. <br />