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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />7313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303) 832-8106 <br />May 22, 2003 <br />Mr. Don Gosney <br />Gosney & Sons, Inc. <br />6699 CR 521 <br />Bayfield, CO 81122 <br />Re: Bayfield Pit No. <br />SR-2 ,/ <br />Deaz Mr. Gosney: <br />COLORADO <br />DIVISION OF <br />MINE6RALS <br />GEOLOGY <br />REC LAMATION•MI NING <br />SAFETY•SCIENCE <br />Bill Owens <br />Governor <br />Greg E. Walther <br />Executive Director <br />Ronald W. Cottony <br />Division Director <br />1/ Natu2l Resource Trustee <br />1, Permit No. M-1987-038, Financial Warranty Reduction Approval, Revision No. <br />On May 19, 2003 the Division of Minerals and Geology approved your request for a Financial Warranty <br />Reduction to $22,857.00. This is a reduction of $21,580.00. <br />Please provide a rider to the current Financial Warranty, or submit a new Financial Warranty reflecting this <br />reduction. If you wish to submit a different type of Financial Warranty, please contact our office for the applicable <br />form. <br />If you have any questions, please contact me. <br />Sincerely, <br />Bob Oswald <br />V Environmental Protection Specialist <br />cc: Suzi Ericksen, Division of Minerals and Geology <br /> <br />Office of Office of Colorado <br />re M198'/038 iT)G 20030522 1581'1 PM.doc ARlve and Inactive Mines Geological Survey <br />