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Mineral Properties
9 Months Ended
Mar. 31, 2022
Mineral Industries Disclosures [Abstract]  
Mineral Properties

Note 7. Mineral Properties

The Company has capitalized acquisition costs on mineral properties as follows:

 

 

 

March 31, 2022

 

 

June 30,
2021

 

Sleeper and other Nevada based Projects

 

$

26,031,976

 

 

$

26,011,976

 

Grassy Mountain and other Oregon based Projects

 

 

23,235,728

 

 

 

23,185,728

 

 

 

$

49,267,704

 

 

$

49,197,704

 

 

Sleeper:

Sleeper is located in Humboldt County, Nevada, approximately 26 miles northwest of the town of Winnemucca. The Sleeper Gold Mine consists of 2,322 unpatented mining claims totaling approximately 38,300 acres.

Grassy Mountain:

The Grassy Mountain Project is located in Malheur County, Oregon, approximately 22 miles south of Vale, Oregon, and roughly 70 miles west of Boise, Idaho. It consists of 442 unpatented lode claims, 3 patented lode claims, and various leased fee land surface and surface/mineral rights, covering approximately 8,300 acres.