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3. Going Concern | 12 Months Ended
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Dec. 31, 2015
Notes |
3. Going Concern | 3. Going Concern As shown in the accompanying financial statements, the Company had minimal revenue and a net loss of $282,088 in 2015, an accumulated deficit, negative working capital, and a Cash and Cash Equivalents balance of $62,275 at December 31, 2015. These factors raise substantial doubt about the Company’s ability to continue as a going concern. However, the Company did put the New Jersey Mill into production in 2015 and is proceeding with plans to both mine and mill ore from the Golden Chest property in 2016 if successful in raising the required startup funds. In the first three quarters of 2015 the Company did generated revenue from milling ores from the Golden Chest Mine. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue its operations.

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- Definition The entire disclosure when substantial doubt is raised about the ability to continue as a going concern. Includes, but is not limited to, principal conditions or events that raised substantial doubt about the ability to continue as a going concern, management's evaluation of the significance of those conditions or events in relation to the ability to meet its obligations, and management's plans that alleviated or are intended to mitigate the conditions or events that raise substantial doubt about the ability to continue as a going concern. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 40 -Section 50 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51888302&loc=SL51888449-203568 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 40 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51888302&loc=SL51888443-203568 + Details
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