Mineral Properties

12 Months Ended

Jun. 30, 2022

Mineral Industries Disclosures [Abstract]

Mineral Properties

Note 8. Mineral Properties

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

	June 30, 2022		June 30, 2021
Sleeper and other Nevada based Projects	$	28,507,145	$	26,011,976
Grassy Mountain and other Oregon based Projects		23,235,728		23,185,728
	$	51,742,873	$	49,197,704

Sleeper:

Sleeper is located in Humbolt County, Nevada approximately 26 miles northwest of the town of Winnemucca.

During the year-ended June 30, 2022, the Company recorded an increase in reclamation and environmental obligation of $2,475,169 (2021 - $1,498,950) (Note 9) for the Sleeper Gold Project.

Also, during the year-ended June 30, 2021, the Company purchased 152 unpatented lode mining claims by issuing 257,353 shares of common stock for a fair value of $277,941 and cash payment of $87,500 for a total consideration of $365,441. These claims have been included as part of the Sleeper Gold Project.

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.