XML 36 R25.htm IDEA: XBRL DOCUMENT v3.24.3
MINERAL PROPERTY AND ROYALTY INTERESTS (Details Narrative)
1 Months Ended 3 Months Ended 9 Months Ended
Aug. 14, 2024
USD ($)
Jun. 12, 2024
USD ($)
May 24, 2024
USD ($)
Feb. 16, 2024
USD ($)
Mar. 14, 2023
USD ($)
Dec. 23, 2022
USD ($)
Feb. 07, 2022
USD ($)
Jan. 27, 2022
Jan. 15, 2022
USD ($)
Dec. 27, 2021
USD ($)
ft²
Integer
Dec. 18, 2021
USD ($)
Dec. 17, 2021
Jun. 04, 2021
USD ($)
ft²
May 19, 2021
USD ($)
ft²
Integer
Aug. 02, 2017
USD ($)
Dec. 31, 2023
Dec. 31, 2019
USD ($)
Integer
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Sep. 30, 2024
USD ($)
Sep. 30, 2023
USD ($)
Mining claim fees                                   $ 8,547 $ 7,092 $ 8,547 $ 7,092
Payments to acquire mineral interest                                       $ 2,035,000 60,000
Olinghouse Project Agreement [Member]                                          
Payments to acquire rights of the property                                       1.00%  
Palmetto Project Agreement [Member]                                          
Payments to acquire rights of the property                                       2.00%  
Lapon Canyon Project Agreement [Member]                                          
Payments to acquire rights of the property                                       2.00%  
36 Sleeper Claims Project Agreement [Member]                                          
Payments to acquire rights of the property                                       1.00%  
Pikes Peak Project Agreement [Member]                                          
Payments to acquire rights of the property                                       2.00%  
Lease Agreement [Member] | Tarsis Resources US Inc [Member]                                          
Payments to acquire rights of the property                             2.00%            
Lease description                             The term of the Lazy Claims Agreement is ten years and is subject to extension for additional two consecutive 10-year terms. Full consideration of the Lazy Claims Agreement consists of the following: an initial cash payment of $1,000 to Tarsis, paid upon the execution of the Lazy Claims Agreement, with $2,000 payable to Tarsis on each subsequent anniversary of the effective date. The Company agreed to pay Tarsis a 2% production royalty (the “Lazy Claims Royalty”) based on the gross returns from the production and sale of minerals from the Lazy Claims. Should the Lazy Claims Royalty payments to Tarsis be in excess of $2,000 per year, the Company will not be required to pay a $2,000 annual minimum payment.            
Extension agreement term                             10 years            
Initial cash payment of lease                             $ 1,000            
Lease payable                             2,000            
Annual minimum payment                             $ 2,000            
Lazy Claims Agreement [Member]                                          
Mining claim fees                                         2,000
[custom:MinimumMineralPropertyInterest]                                     543   543
Loman Claims [Member]                                          
Mining claim fees                                 $ 10,395 3,459 4,791 $ 3,459 4,791
Number of mining properties acquired | Integer                                 27        
Agai Pah Property Agreement [Member]                                          
Mining claim fees                                   20,000 20,000 20,000 20,000
Agai Pah Property Agreement [Member] | MSM Resource LLC [Member]                                          
Mining claim fees                                   4,307 3,552 4,307 3,552
Description of current status of project                           Nevada limited liability Corporation on the Agai-Pah Property, consisting of 20 unpatented mining claims totaling 400 acres, located in Nevada about 10 miles northeast of the town of Hawthorne (the “Agai-Pah Property”)              
Number of mining properties unpatented | Integer                           20              
Area of land | ft²                           400              
Extension of agreement, description                           The term of the Agreement commenced on May 19, 2021, and continues for ten years, subject to the Company’s right to extend the Agai-Pah Property Agreement for two additional terms of ten years each, and subject to the Company’s option to purchase the Property              
Anniversary payment                           $ 20,000              
Annual payments                           $ 20,000              
Option to acquire property, description                           The Company has the exclusive option and right to acquire 100% ownership of the Agai-Pah Property (the “Agai-Pah Purchase Option”)              
Percentage of ownership property                           100.00%              
Payments to acquire mineral interest                           $ 750,000              
Belshazzar Property Agreement [Member]                                          
Mining claim fees                                   500 500
Belshazzar Property Agreement [Member] | Belshazzar Holdings, L.L.C [Member]                                          
Payments to acquire rights of the property                         1.00%                
Mining claim fees                                   $ 3,475 $ 2,825 3,475 2,825
Description of current status of project                         a Nevada Limited Liability Corporation on the Belshazzar Property, consisting of ten unpatented lode mining claims and seven unpatented placer mineral claims totaling 200 acres, located in Idaho (the “Belshazzar Property”). Alan Day, the managing member of Belshazzar, is the CEO, President, and director of the Company.                
Area of land | ft²                         200                
Extension of agreement, description                         The term of the Belshazzar Property Agreement commenced on June 4, 2021, and continues for ten years, subject to the Company’s right to extend the Belshazzar Property Agreement for two additional terms of ten years each, and subject to the Company’s option to purchase the Belshazzar Property                
Annual payments                         $ 20,000                
Option to acquire property, description                         The Company has the exclusive option and right to acquire 100% ownership of the Belshazzar Property (the “Belshazzar Purchase Option”)                
Percentage of ownership property                         100.00%                
Payments to acquire mineral interest                         $ 800,000             $ 20,000 $ 20,000
Swales Property Agreement [Member] | Wright Parks III [Member]                                          
Description of current status of project                   the Swales Property, consisting of 40 unpatented lode mining claims totaling 800 acres located in Nevada (the “Swales Property”).                      
Number of mining properties unpatented | Integer                   40                      
Area of land | ft²                   800                      
Extension of agreement, description                   The term of the Swales Property Agreement commenced on December 27, 2021, and continues for ten years, subject to the Company’s right to extend the Swales Property Agreement for two additional terms of ten years each, and subject to the Company’s option to purchase the Swales Property.                      
Anniversary payment                   $ 20,000                      
Annual payments                   $ 20,000                      
Payments to acquire mineral interest       $ 20,000 $ 20,000       $ 20,000                        
Noncontrolling interest, description                   The Company has the exclusive option and right to acquire 100% ownership of the Swales Property (the “Swales Purchase Option”)                      
Payments to acquire equity method investments                   $ 750,000                      
Olinghouse Agreement [Member]                                          
Cash option payment to acquire royalty interest $ 1,500,000         $ 40,000         $ 200,000                    
Net smelter returns royalty percentage                               1.00%          
Olinghouse Agreement [Member] | Target Minerals Inc [Member]                                          
Description of current status of project                       Nevada company, to acquire 100% interest of Target’s 1% production royalty from the net smelter returns on all minerals and products produced from certain properties comprising the Olinghouse Project located in Nevada.                  
Equity method investment, ownership percentage                       100.00%                  
Net smelter returns royalty percentage                               1.00%          
Royalty Purchase Agreement [Member] | Pikes Peak Project [Member]                                          
Equity method investment, ownership percentage   100.00%                                      
Royalty Purchase Agreement [Member] | Smooth Rock Ventures, LLC [Member]                                          
Description of current status of project               Nevada Canyon, LLC entered into a Royalty Purchase Agreement with Smooth Rock Ventures, LLC, a wholly-owned subsidiary of Smooth Rock Ventures Corp. (“Smooth Rock”), to acquire a 2% net smelter returns royalty on the Palmetto Project                          
Net smelter returns royalty percentage               2.00%                          
One-time cash payment             $ 350,000                            
Royalty Purchase Agreement [Member] | Walker River Resources Corp [Member]                                          
Description of current status of project     Nevada Canyon, LLC entered into a Royalty Purchase Agreement with Walker River Resources, LLC (“Walker River”), a wholly owned subsidiary of Walker River Resources Corp                                    
Net smelter returns royalty percentage     2.00%                                    
One-time cash payment     $ 300,000                                    
Royalty Purchase Agreement [Member] | Lapon Canyon Project [Member]                                          
Payments to acquire mineral interest     $ 25,000                                    
Net smelter returns royalty percentage     1.00%                                    
Royalty Purchase Agreement [Member] | Pikes Peak Project [Member]                                          
Net smelter returns royalty percentage   2.00%                                      
One-time cash payment   $ 150,000