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12. Stock Options

3 Months Ended

Mar. 31, 2019

Notes

12. Stock Options

12.          Stock Options

Stock based compensation costs are included in management, production, exploration, and general and administrative expenses where applicable. No options were issued in 2018 or the first quarter of 2019.

		Number of Options		Exercise Prices
Balance December 31, 2017		7,662,500		0.10-0.18
Expired		(500,000)		0.10
Issued		(108,000)		0.15
Balance December 31, 2018 and March 31, 2019		7,054,500		0.10-0.18
Exercisable at March 31, 2019		7,054,500	$	0.10-0.18

At March 31, 2019, outstanding stock options have a weighted average remaining term of approximately one year and an intrinsic value of approximately $248,340.

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