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Mineral Properties

6 Months Ended

Jun. 30, 2023

9. Mineral Properties

Mineral properties at June 30, 2023 and December 31, 2022 consisted of the following:

	June 30, 2023			December 31, 2022
Golden Chest
Mineral Property	$	4,130,797		$	4,088,462
Infrastructure		2,203,478			1,722,028
Total Golden Chest		6,334,275			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		(96,353	)		(83,658	)
Total	$	7,038,651		$	6,527,561

9. Mineral Properties (continued)

For the three and six-month periods ended June 30, 2023 and 2022, interest expense was capitalized in association with the ramp access project at the Golden Chest as follows.

June 30, 2023				June 30, 2022
Three Months		Six Months		Three Months		Six Months
$	19,374	$	42,335	$	7,914	$	20,917