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rco ``!fir r' ,7P7 <br />Jun 26, 2012 <br />State of Colorado <br />Division of Reclamation Mining and Safety <br />1313 Sherman St, Room 215 <br />Denver, CO 80203 <br />Subject: Idarado Mining Company <br />2011 /2012 Annual Report Submittal <br />Permit No. M1977- 403 -HR <br />Enclosed please find Idarado Mining Company's 2011/2012 Annual Report and the annual permit fee <br />payment of one thousand one hundred and fifty dollars ($1,150). This report addresses operational mining, <br />beneficiation and site reclamation status for the Red Mountain and Telluride mine operations. <br />Should you have any questions or concerns please contact me at your convenience <br />Respectfully <br />cc: Julio Madrid <br />Mark Parker <br />Robert Cramp <br />Denise Kennedy <br />Sherm Worthington <br />Lawrence Fiske <br />Sr. Manager Legacy Sites Closure and Reclamation <br />303 - 837 -5676 <br />Idarado Mining Company <br />311 Main Street <br />P.O. Box 584 <br />Ouray, CO 81427 <br />RECEIVED <br />JUN 2 6 2012 <br />Division of Reclamation, <br />Mining & Safety <br />