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STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Uepanment of Natural Resources <br />1313 Sherman St., Room 215 C O L D RA D O <br />Denver, Colorado 80203 DIVISION O F <br />Phone: (303) 866.3567 MINERAL S <br />FAX: (303) 932.8106 G E O L O G Y <br /> REC IA NATION•NINING <br /> SAf ETT•SCIENCE <br />Bill Owens <br />September 22, 2005 Governor <br /> Russell George <br />Mr. Christopher L. Varna Executive Director <br />Varna Companies, IRC. Ronald w. Canany <br /> <br />8120 Gage St. Division Director <br />Natural Resourcx rmstee <br />Frederick, CO 80516 <br />Re: Pit No. 1, Permit No. M-1974-052, Fin ancial and Performance Warranty Release Approval, Revision No. <br />SL-1 <br />Dear Mr. Varna: <br />I am pleased to inform you that on August 23, 2005 the Division of Minerals and Geology released Varna Companies, <br />Inc. from further responsibility for the Pit No. 1. Enclosed is the Employers Mutual Casualty Company Corporate Surety <br />Bond No. in the amount of $139,500.00 you originally provided. This is released in its entirety. You should <br />advise the issuer of your bond of this release by copy of this letter. <br />The Mined Land Reclamation Board and the Division staff wish to commend Varna Companies, Inc. for your reclamation <br />efforts and the resulting success. <br />S' ely, , <br />~^ ' <br />Gregg R. Squire <br />Environmental Protection Specialist <br />Enclosures <br />CERTIFIIiD MAIL N0.7004 1350 0001 1636 7268 <br />Return Receipt Requested <br />Ofrite of 0f6ce of Colorado <br />Mined Land REClamation Active and Inactive Mines Geological Survev <br />