March 31, 2016

December 31, 2015

Property with shop 36 month note payable, 4.91% interest rate payable monthly, remaining principal of note due in one payment at end of term in June 2016, monthly payments of $474

$

41,799

$

42,726

Property 120 month note payable, 11.0% interest rate payable monthly, remaining principal of note due in one payment at end of term in March 2021, collateralized by property, monthly payments of $1,122

103,604

105,196

Tailings pump, 35 month note payable, 17.5% interest rate payable monthly, monthly payments of $3,268, collateralized by equipment

69,531

76,097

Mineral property, 10 quarterly payments, 0.0% interest rate discounted at 10%, collateralized by property, quarterly payments of $125,000

1,062,500

1,125,000

Total notes payable

1,277,434

1,349,019

Due within one year

635,811

572,806

Due after one year

$

641,623

$

776,213