XML 44 R50.htm IDEA: XBRL DOCUMENT v3.20.1
Mineral Properties and Interests (Details Textual) - USD ($)
12 Months Ended
Jun. 13, 2019
Dec. 31, 2019
Mineral Properties and Interests; Reclamation Bonds (Textual)    
Common stock issued   5,500,000
Fair value of common stock   $ 2,200,000
Percentage of royalty   2.50%
Mineral properties and amortization   $ 475,682
Agreement, description   In addition, the Company and Clifton entered into a Registration Rights Agreement to register for resale the shares issued to Clifton which requires the Company to register the shares within 18 months (which is September 7, 2020) following the initial funding received under the Purchase Agreement (Note 3). In the event the Company does not register the shares within the 18-month period.
Corporate Joint Venture [Member]    
Mineral Properties and Interests; Reclamation Bonds (Textual)    
Joint venture agreement, description   Under the terms of the initial 2009 Joint Venture Agreement, the Company was required to pay a 4% net smelter royalty (“NSR”) on base metals in all other areas except for production from the Kiewit gold property and a NSR on gold and silver, except for production from the Kiewit gold property, based on a sliding scale of between 2% and 15% based on the price of gold or silver, as applicable. The Company was also required to pay Clifton a 6% NSR on any production from the Kiewit gold property.
NSR [Member]    
Mineral Properties and Interests; Reclamation Bonds (Textual)    
Royalty expense   $ 900,000
Purchase agreement, description   The buyer of the Purchase Agreement (Note 3), PDK, acquired a 4% NSR, previously held by Clifton, on the Kiewit property for $2,200,000. PDK remitted the funds for the NSR directly to Clifton. PDK will receive a 4% net NSR on proceeds from the sale of gold and silver from the Kiewit and JJS properties.
Ben Julian, LLC [Member]    
Mineral Properties and Interests; Reclamation Bonds (Textual)    
Agreement, description The Company entered into an agreement whereby the Company acquired 20 claims adjacent to the Kiewit property from Ben Julian, LLC for $250,000, known as the JJS Property.