Note 12 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)

12 Months Ended

Sep. 30, 2016

Tables/Schedules

Schedule of Deferred Tax Assets and Liabilities

		2016		2015
Net deferred tax asset:
Exploration costs	$	847,000	$	971,000
Property, mineral rights, and equipment		-		109,000
Long-term investments		213,000		180,000
Share-based compensation		2,224,000		2,127,000
Alternative minimum tax credit carryforward		2,000		2,000
Foreign income tax credit carryforwards		697,000		697,000
Federal and state net operating losses		14,442,000		13,568,000
Foreign net operating losses		1,736,000		1,736,000
Total deferred tax asset		20,161,000		19,390,000
Valuation allowance		(20,161,000)		(19,390,000)
Deferred tax asset	$	0	$	0
BH Minerals USA, Inc.
Net deferred tax asset:
Property, mineral rights, and equipment	$	(3,809,000)	$	(3,810,000)
Exploration costs		2,075,000		2,468,000
Federal and state net operating losses		4,655,000		4,192,000
Total deferred tax asset		2,921,000		2,850,000
Valuation allowance		(2,921,000)		(2,850,000)
Deferred tax asset	$	0	$	0