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9. Long-Term Debt

12 Months Ended

Dec. 31, 2015

Long-Term debt at December 31, 2015 and December 31, 2014, is as follows:	December 31,			December 31,
	2015			2014
Note payable to First Security Bank, bearing interest at 6%;
payable in monthly installments of $917; maturing
September 2018; collateralized by equipment.	$	27,845		$	-
Note payable to Wells Fargo Bank, bearing interest at 4%;
payable in monthly installments of $477; maturing
December 2016; collateralized by equipment.		5,399			10,245
Note payable to Western States Equipment Co., bearing interest
at 6.15%; payable in monthly installments of $2,032; maturing
June 2015; collateralized by equipment.		-			11,977
Note payable to BMT Leasing, bearing interest
at 13.38%; payable in monthly installments of $786; maturing
December 2015; collateralized by equipment.		-			9,254
Note payable to Catepillar Financial, bearing interest at 5.95%;
payable in monthly installments of $827; maturing September 2015;
collateralized by equipment.		-			8,051
Note payable toDe Lage Landen Financial Services,
bearing interest at 5.30%; payable in monthly installments of $549;
maturing March 2016; collateralized by equipment.		2,171			7,951
Note payable to De Lage Landen Financial Services,
bearing interest at 5.12%; payable in monthly installments of $697;
maturing December 2014; collateralized by equipment.		-			689
Note payable to De Lage Landen Financial Services,
bearing interest at 3.15%; payable in monthly installments of $655;
maturing September 2019; collateralized by equipment.		27,587			-
Note payable to De Lage Landen Financial Services,
bearing interest at 3.15%; payable in monthly installments of $655;
maturing December 2019; collateralized by equipment.		29,300			-
Note payable to Phyllis Rice, bearing interest
at 1%; payable in monthly installments of $2,000; maturing
March 2015; collateralized by equipment.		14,146			18,146
Obligation payable for Soyatal Mine, non-interest bearing,
annual payments of $100,000 or $200,000 through 2019, net of discount.		820,272			808,293
Obligation payable for Guadalupe Mine, non-interest bearing,
annual payments from $60,000 to $149,078 through 2026, net of discount.		972,312			-
		1,899,032			874,606
Less current portion		(181,287	)		(159,278	)
Long-term portion	$	1,717,745		$	715,328

At December 31, 2015, principal payments on debt are due as follows:

Year Ending December 31,
2016	$	181,287
2017		121,266
2018		220,584
2019		305,303
2020		303,413
Thereafter		767,179
	$	1,899,032