TRANSACTIONS WITH LODE-STAR GOLD INC. (“LSG”)

9 Months Ended

Sep. 30, 2024

Extractive Industries [Abstract]

TRANSACTIONS WITH LODE-STAR GOLD INC. (“LSG”)

3. TRANSACTIONS WITH LODE-STAR GOLD INC. (“LSG”)

The Company’s mineral property interest was in a group of thirty-one claims known as the “Goldfield Bonanza Project” (the “Property”), in the State of Nevada. Pursuant to an option agreement dated October 14, 2014, as amended October 31, 2019 (“Option Agreement”), with LSG, the Company acquired an initial 20% undivided interest in and to the mineral claims owned by LSG and an option to earn a further 60% interest in the claims. LSG received 35,000,000 shares of the Company’s common stock and is its majority shareholder. Through a series of transactions with LSG during the year ended December 31, 2022, the Option Agreement was terminated and unpaid debt owing to LSG of $2,601,207 was converted into 70,302,906 shares of common stock.