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TATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department of Natural Resources <br />1313 Sherman St., Room 215 <br />Denver, Colorado 80203 <br />Phone: (303) 866-3567 <br />FAX: (303} 832-8706 <br />March 7, 2005 / <br />COLORADO <br />DIVISION O F <br />MINERALS <br />GEOLOGY <br />REC LAMATION•MININO <br />SAf ETY•SCIENCE <br />Bill Owens <br />Governor <br />Russell George <br />Executive Director <br />Mr. Mark A. Steen Ronald W. Cattany <br />iTEC Environmental Colorado, Inc. / Division Direttar <br />P.O. Box 1523 Natural Resource Trustee <br />Longmont, CO 8050 <br />,/ <br />Re: Gold Hill Mip, Permit No. M-1994-117, Succession of Operators Approval, Revision No. SO-3 <br />Dear Mr. Steen: <br />On March 7, 2005, the Division of Minerals and Geology approved the succession of operators from fI'EC Environmental <br />Colorado, hic. to Mount Royale Ventures, LLC for the Gold Hill Mill, Permit No. M-1994117. Mount Royale Ventures, <br />LLC is now the pernutted operator of the Gold Hill Mill, and as such, is responsible for all provisions in M-1994-117, <br />as well as those specified in the Rules and Regulations. <br />Enclosed is Bank One Certificate of Deposit No. 1339656, in the amount of $46,215.00, and the Perfomtauce Warranty <br />you originally provided. These have been released as of March 7, 2005 Division approval for the succession of operators. <br />You should advise your bank of this release by copy of ties letter. <br />If you have any questions, please contact me. <br />Sincerely, <br />,~~1.(~t~._ ,~.. C~op~ <br />~'/ Kate A. Pickford <br />Emrironntemal Protection specialist <br />Enclosures <br />CERTIFIED MAIL NO. 7004 1350 0001 1635 8945 <br />Return Receipt Requested <br />Office of Office of Colorado <br />Miners I and Rerlamatinn Anion anri Inani..n Minnc no..l..o~~al c~..~m, <br />