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Mineral Properties
3 Months Ended
Mar. 31, 2023
Mineral Properties  
Mineral Properties

9. Mineral Properties

 

Mineral properties at March 31, 2023 and December 31, 2022 consisted of the following:

 

 

 

March 31,

2023

 

 

December 31,

2022

 

Golden Chest

 

 

 

 

 

 

Mineral Property

 

$4,111,423

 

 

$4,088,462

 

Infrastructure

 

 

1,983,340

 

 

 

1,722,028

 

Total Golden Chest

 

 

6,094,763

 

 

 

5,810,490

 

New Jersey

 

 

248,289

 

 

 

248,289

 

McKinley-Monarch

 

 

200,000

 

 

 

200,000

 

Butte Gulch

 

 

124,055

 

 

 

124,055

 

Potosi

 

 

150,385

 

 

 

150,385

 

Park Copper

 

 

78,000

 

 

 

78,000

 

Less accumulated amortization

 

 

(89,659)

 

 

(83,658)

Total

 

$6,805,833

 

 

$6,527,561

 

 

For the three-month periods ended March 31, 2023 and 2022 interest expense was capitalized in association with the ramp access project at the Golden Chest as follows.

 

March 31, 2023

 

 

March 31, 2022

 

$

22,961

 

 

$13,003