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9. Mineral Properties
 6 Months Ended
Jun. 30, 2021
Notes  
9. Mineral Properties

9.Mineral Properties 

 

Mineral properties at June 30, 2021 and December 31, 2020 consisted of the following:

 

 

June 30,

2021

 

December 31,

2020

Golden Chest

 

 

 

 

Mineral Property

$

1,565,518

$

1,539,001

Infrastructure

 

805,930

 

468,669

Total Golden Chest

 

2,371,448

 

2,007,670

New Jersey

 

248,289

 

248,289

McKinley-Monarch

 

200,000

 

200,000

Butte Potosi

 

274,440

 

274,440

Alder Gulch

 

2,473,066

 

773,101

Less accumulated amortization

 

(55,217)

 

(48,267)

Total

$

5,512,026

$

3,455,233

 

For the three and six-months periods ended June 30, 2021 $16,330 and $26,516, respectively of interest expense was capitalized in association with the ramp access project at the Golden Chest. No interest was capitalized in 2020.

 

In February 2021 the Company paid $10,000 and in April of 2021 the Company paid an additional $1,689,965 to complete the purchase of approximately 508 acres of land adjacent to the Alder Gulch property for a total of $1,699,965 in cash.