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5. Property, Plant and Equipment | 12 Months Ended
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Dec. 31, 2017
Notes |
5. Property, Plant and Equipment | 5. Property, Plant and Equipment Property, plant and equipment at December 31, 2017 and 2016, consisted of the following:
|  | 2017 |  | 2016
Mill |  |  |  |
Mill land | $ | 225,289 | $ | 225,289
Mill building |  | 536,193 |  | 536,193
Milling equipment |  | 4,192,940 |  | 4,192,940
|  | 4,954,422 |  | 4,954,422
Less accumulated depreciation |  | (428,760) |  | (307,302)
Total mill |  | 4,525,662 |  | 4,647,120
Building and equipment at cost |  | 673,338 |  | 434,897
Less accumulated depreciation |  | (222,648) |  | (223,264)
Total building and equipment |  | 450,690 |  | 211,633
Land |  |  |  |
Bear Creek Land |  | 266,934 |  | 266,934
Little Baldy Land |  | 47,139 |  | 62,139
BOW |  | 230,449 |  | 230,449
Eastern Star |  | 250,817 |  | 250,817
Gillig |  | 79,137 |  | 79,137
Highwater |  | 40,133 |  | 40,133
Total Land |  | 914,609 |  | 929,609
Total | $ | 5,890,961 | $ | 5,788,362
During the year ended December 31, 2012, a lease agreement was entered into with Hecla Mining Company (“Hecla”) on the Company’s Little Baldy land holding. Under the agreement, Hecla has paid $15,000 in 2017 and $10,000 in 2016 to the Company for the option to obtain NJMC’s interest in the land. The Company has recorded these lease payments as a reduction in the carrying value of the land for the years ended December 31, 2017 and 2016.

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- Definition The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI http://asc.fasb.org/topic&trid=2155823 + Details
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