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7. Mineral Properties

9 Months Ended

Sep. 30, 2016

Notes

7. Mineral Properties

7.  Mineral Properties

Mineral properties at September 30, 2016 and December 31, 2015 consisted of the following:

		September 30, 2016		December 31, 2015
New Jersey	$	215,127	$	215,127
McKinley		250,000		250,000
Golden Chest		1,548,053		1,445,229
Toboggan		5,000		5,000
Less accumulated amortization		(8,267)		(8,267)
Total	$	2,009,913	$	1,907,089

In the nine month period ended September 30, 2016 $6,253 of interest was capitalized for the Golden Chest development project. No interest was capitalized for development in the nine month period ended June 30, 2015.

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The entire disclosure for mineral industries.

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