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Note 3 - Property, Mineral Rights, and Equipment: Property, Plant and Equipment (Tables)
12 Months Ended
Sep. 30, 2019
Tables/Schedules  
Property, Plant and Equipment

 

 

Expected

Useful Lives

(years)

 

2019

 

2018

 

 

 

 

 

 

Mineral rights – Eureka

-

$

13,703,651

$

13,678,940

Mineral rights – Elder Creek

-

 

1,218,715

 

1,146,000

Mineral rights – Other

-

 

50,000

 

50,000

Total mineral rights

 

 

14,972,366

 

14,874,940

 

 

 

 

 

 

Equipment and vehicles

2-5

 

53,678

 

53,678

Office equipment and furniture

3-7

 

70,150

 

70,150

Land

-

 

51,477

 

51,477

Total property and equipment

 

 

175,305

 

175,305

    Less accumulated depreciation

 

 

(123,828)

 

(123,828)

Property, mineral rights, and equipment, net

 

$

15,023,843

$

14,926,417