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Mineral Properties

9 Months Ended

Sep. 30, 2022

Mineral Properties

Mineral Properties

9. Mineral Properties

Mineral properties at September 30, 2022 and December 31, 2021 consisted of the following:

		September 30, 2022				December 31, 2021
Golden Chest
Mineral Property		$	1,599,213			$	1,577,669
Infrastructure			1,560,192				1,056,037
Total Golden Chest			3,159,405				2,633,706
New Jersey			248,289				248,289
McKinley-Monarch			200,000				200,000
Butte Potosi			274,440				274,440
Alder Gulch			2,473,066				2,473,066
Park Copper			78,000				78,000
Less accumulated amortization			(78,896	)			(64,315	)
Total		$	6,354,304			$	5,843,186

For the three and nine-month periods ended September 30, 2022 and 2021 interest expense was capitalized in association with the ramp access project at the Golden Chest as follows.

September 30, 2022								September 30, 2021
Three Months				Nine Months				Three Months				Nine Months
$	11,180			$	32,097			$	16,029			$	42,545

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Disclosure of accounting policy for capitalization of mineral property acquisitions, mineral rights and mineral leases.

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