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15. Acquisition GCJV: Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination (Tables)

12 Months Ended

Dec. 31, 2015

GCJV Acquisition

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination

		December 2, 2015
Consideration
Cash for MUSA’s 52.22% interest	$	180,000
Assumed fair value of NJMC’s 47.77%		164,696
Total consideration	$	344,696
Fair value of assets acquired
Cash	$	524
Prepaid claim fees		9,946
Buildings and equipment		131,700
Golden Chest Mineral property		1,427,050
Fair value of liabilities
Note payable on property		(1,094,007)
Payables		(130,517)
Net assets acquired	$	344,696

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Tabular disclosure of finite-lived and indefinite-lived intangible assets acquired as part of a business combination.

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