5. Mining Equipment

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

5. Mining Equipment

Mining equipment at December 31, 2016 and 2015 consisted of the following:

	2016		2015
Drilling equipment	$	144,869	$	144,869
Vehicles and trailers		3,622		3,622
Field equipment		134,366		5,795
	$	282,857	$	154,286

In January 2016, the Company acquired mining equipment via the issuance of 1,000,000 shares of restricted and unregistered shares of common stock for total consideration of $128,571.

In November 2015, the Company acquired mining equipment via the issuance of 1,200,000 shares of restricted and unregistered shares of common stock for total consideration of $154,286.

As of December 31, 2016, none of the Company’s mining equipment was placed in service, correspondingly, no depreciation expense was recognized during any period presented in these financial statements.