Mineral Rights and Properties, Net

12 Months Ended

Dec. 31, 2018

Mineral Industries Disclosures [Abstract]

Mineral rights and properties at December 31, 2018 and 2017 consisted of the following:



	2018			2017
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 - Lucerne Resource area	(484,699		)	(484,699		)
Total mineral rights and properties	$	7,205,081		$	7,205,081

These mineral rights and properties are segmented and presented based on the Company’s identified mineral resource areas and exploration targets. During the years ended December 31, 2018 and 2017, the Company did not recognize any depletion expense. During the year ended December 31, 2016, the Company recognized depletion expense of approximately $0.1 million.