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Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
REVENUE:        
Concentrate sales $ 70,703 $ 503,441 $ 82,278 $ 795,133
EXPENSES:        
General project costs 287,234 412,185 427,497 782,119
Exploration expense 2,680 9,680
Consulting 33,234 5,650 34,791 12,062
Officers and directors fees 63,000 45,000 127,537 90,000
Legal and professional 31,965 20,124 40,057 45,508
General and administrative 91,330 106,927 143,612 183,280
Loss on exchange of equipment 51,222 51,222
Depreciation and amortization 114,649 158,969 211,228 305,988
Total Expenses 621,412 802,757 984,722 1,479,859
OPERATING LOSS (550,709) (299,316) (902,444) (684,726)
OTHER INCOME (EXPENSE)        
Interest and other income 12 518 24 995
Interest and financing expense (7,962) (71,104) (35,504) (105,752)
Interest expense - related parties (605,429) (502,067) (1,195,552) (1,017,373)
Total Other Income (Expense) (613,379) (572,653) (1,231,032) (1,122,130)
LOSS BEFORE INCOME TAXES (1,164,088) (871,969) (2,133,476) (1,806,856)
INCOME TAXES
NET LOSS $ (1,164,088) $ (871,969) $ (2,133,476) $ (1,806,856)
BASIC AND DILUTED NET LOSS PER SHARE $ (0.09) $ (0.07) $ (0.16) $ (0.14)
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING-BASIC AND DILUTED 13,656,603 13,356,603 13,656,603 13,356,603