XML 57 R15.htm IDEA: XBRL DOCUMENT v3.19.3

9. Mineral Properties

9 Months Ended

Sep. 30, 2019

Notes

9. Mineral Properties

9.             Mineral Properties

Mineral properties at September 30, 2019 and December 31, 2018 consisted of the following:

		September 30, 2019		December 31, 2018
New Jersey	$	248,289	$	248,289
McKinley		200,000		250,000
Golden Chest		1,677,972		1,677,972
Crown Point		333,333		333,333
Butte Potosi		274,440		274,440
Less accumulated amortization		(34,282)		(24,695)
Total	$	2,699,752	$	2,759,339

The company received a non-refundable down payment of $50,000 toward the sale of the McKinley property in the third quarter.

Pursuant to the underlying agreement, a lease payment was due on September 30, 2019 for the Crown Point mineral property but was not made. The Company is currently in discussions with the previous property owner to modify terms of the agreement.

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureTextBlockAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for mineral industries.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 930
-URI http://asc.fasb.org/topic&trid=2155974

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 932
-URI http://asc.fasb.org/topic&trid=2145477

+ Details

Name:	us-gaap_MineralIndustriesDisclosuresTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration