Mineral Rights and Properties, Net

12 Months Ended

Dec. 31, 2013

Mineral Industries Disclosures [Abstract]

Mineral rights and properties at December 31, 2013 and 2012 consisted of the following:



	2013			2012
Dayton resource area	$	2,932,226		$	2,932,226
Lucerne resource area	1,998,896			1,998,896
Occidental area	1,002,172			1,002,172
Spring Valley area	810,000			810,000
Oest area	260,707			260,707
Northern extension	157,205			157,205
Northern targets	121,170			121,170
Other mineral properties	317,404			317,404
Water rights	90,000			90,000
Accumulated depletion	(219,000		)	(75,000		)
	$	7,470,780		$	7,614,780

Mineral rights and properties balances as of December 31, 2013 and 2012 are presented based on the Company’s identified mineral resource areas and exploration targets. During the years ended December 31, 2013, 2012, and 2011, the Company recognized $144,000, $75,000 and $0, respectively, of depletion expense.