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Mineral Properties

9 Months Ended

Sep. 30, 2023

9. Mineral Properties

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

	September 30, 2023			December 31, 2022
Golden Chest
Mineral Property	$	4,141,904		$	4,088,462
Infrastructure		2,314,548			1,722,028
Total Golden Chest		6,456,452			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		(103,089	)		(83,658	)
Total	$	7,154,092		$	6,527,561

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

September 30, 2023				September 30, 2022
Three Months		Nine Months		Three Months		Nine Months
$	11,107	$	53,442	$	11,180	$	32,097