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STATE 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$106 <br />February 17, 2004 <br />Mr. Joseph L. Dorris <br />Glacier Peak Mining <br />2920 Cedaz Hts. Dr. <br />Colorado Springs, CO. 80904 <br />Re: Copies of Correspondence, Glacier Peak Mining, Permit No. M-2003-030 <br />Deaz Mr. Dorris: <br />COLORADO <br />DIVISION OF <br />MIN SRALS <br />GEOLOGY <br />0.ECLAMATION•MINING <br />SAFETY•SCIENCE <br />Bill Owens <br />Governor <br />Russell George <br />Executive Director <br />Ronald W. Cattany <br />Division Director <br />Natural Resource Trustee <br />Enclosed aze copies of U.S. Forest Service correspondence, dated May 23, 2003, and a copy of <br />the Division's response, dated June 9, 2003. As noted, the U.S.F.S recommends that we maintain <br />a reclamation bond in the amount of $3,000 for this operation. In addition, the U.S.F.S. states <br />that they currently hold a $900 cash bond for the operation. <br />The Division determined that the required financial warranty amounted to $4,905.00; much more <br />than recommended by the Forest Service. You submitted the required bond so a permit was <br />issued. <br />You may want to present this information, as well as copies of the bonding documents, to the <br />Forest Service so they can review all existing bonding information regazding this mining <br />operation. In addition, you may want to request a release of your $900.00 cash bond or, if you <br />elect to do so, request a reduction of your existing bond that we retain. The Division requires a <br />$4,905.00 bond. If the Forest Service decides to hold a $900.00 bond, the Division would only <br />need $4,005.00. <br />If you have any questions, please give me a call at 303-866-4060. <br />Sincerely, <br />James Dillie <br />Environmental Protection Specialist <br />cc: Harry Posey (e-mail) <br />Enclosures <br />Office of Office of Colorado <br />Mined Land Reclamation Active and Inactive Mines Geological Survey <br />