Note 9 - Commitments and Contingencies	3 Months Ended
Dec. 31, 2019
Notes
Note 9 - Commitments and Contingencies:	*NOTE 9 – COMMITMENTS AND CONTINGENCIES:* Mineral Exploration The Company has the following commitments and contingencies: The Elder Creek Project is subject to certain future work expenditure requirements in order for the Company to earn an ownership portion of the property. The Year 1 and Year 2 work commitments were completed by December 31, 2018 and December 31, 2019, respectively: · Year 3: $750,000 work commitment by December 31, 2020 · Year 4: $750,000 work commitment by December 31, 2021 · 65% Earn-In for an additional $2.5M work commitment for a total of $5.1M over 6 years by December 31, 2023. A portion of the Company’s mining claims on the Company’s properties are subject to lease and option agreements with various terms, obligations, and royalties payable in certain circumstances. The Company pays federal and county claim maintenance fees on unpatented claims that are included in the Company’s mineral exploration properties. Should the Company continue to explore all of the Company’s mineral properties, it expects annual fees to total approximately $184,906 per year in the future, of which $113,014 is for the two joint venture mineral property interests (See Note 3). The claims maintenance fees for Lookout Mountain LLC are expected to be $97,587 and will be remitted from the earn-in funds provided by PM&G as part of the LLC Agreement. Real Estate Lease Commitments At September 30, 2019, the Company had real estate lease commitments for certain mineral property exploration facilities totaling $72,000 annually. The Company’s office in Coeur d’Alene, Idaho and its facilities in Eureka, Nevada are rented on a month-to-month basis.

Note 9 - Commitments and Contingencies

3 Months Ended

Dec. 31, 2019

NOTE 9 – COMMITMENTS AND CONTINGENCIES:

Mineral Exploration

The Company has the following commitments and contingencies:

The Elder Creek Project is subject to certain future work expenditure requirements in order for the Company to earn an ownership portion of the property. The Year 1 and Year 2 work commitments were completed by December 31, 2018 and December 31, 2019, respectively:

· Year 3: $750,000 work commitment by December 31, 2020

· Year 4: $750,000 work commitment by December 31, 2021

· 65% Earn-In for an additional $2.5M work commitment for a total of $5.1M over 6 years by December 31, 2023.

A portion of the Company’s mining claims on the Company’s properties are subject to lease and option agreements with various terms, obligations, and royalties payable in certain circumstances.

The Company pays federal and county claim maintenance fees on unpatented claims that are included in the Company’s mineral exploration properties. Should the Company continue to explore all of the Company’s mineral properties, it expects annual fees to total approximately $184,906 per year in the future, of which $113,014 is for the two joint venture mineral property interests (See Note 3). The claims maintenance fees for Lookout Mountain LLC are expected to be $97,587 and will be remitted from the earn-in funds provided by PM&G as part of the LLC Agreement.

Real Estate Lease Commitments

At September 30, 2019, the Company had real estate lease commitments for certain mineral property exploration facilities totaling $72,000 annually. The Company’s office in Coeur d’Alene, Idaho and its facilities in Eureka, Nevada are rented on a month-to-month basis.