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6. Related Party Transactions	12 Months Ended
Dec. 31, 2014
Notes
6. Related Party Transactions	5. RELATED PARTY TRANSACTIONS Beginning in October 2012, the Company’s President and Chief Executive Officer (“CEO”) elected to defer a portion of his salary until the Company is successful in securing financing sufficient to fund future operations. An amount of $115,000 was deferred and accrued at December 31, 2013, and was paid during the year ended December 31, 2014. A total of $11,338 interest was payable at December 31, 2013 to the Company’s former Chief Operating Officer in connection with the settlement of notes payable in gold in 2011. These amounts were paid during the year ended December 31, 2014. An amount of $17,556 was accrued for fees due to the Company’s Chief Financial Officer (“CFO”) at December 31, 2013 and paid during the year ended December 31, 2014. An amount of $4,96 has been accrued for fees at December 31, 2014. These amounts are included in related party payable. A total of $87,900 had been accrued for consultants and directors’ fees at December 31, 2013. For the year ended December 31, 2014, an additional $21,490 has been accrued for services performed during the period, which is included in accounts payable. In 2013, a total of 150,000 common shares and 150,000 options to purchase common shares were issued to three consulting directors having a total fair value of $18,700. During the year ended December 31, 2014, a total of 1,650,000 common shares and 450,000 options to purchase common shares were issued to directors (See Note 7 Stockholders’ Equity) having a total fair value of $96,300, which brings the total consultants and directors’ fees recognized for the year ended December 31, 2014 to $143,075.

6. Related Party Transactions

12 Months Ended

Dec. 31, 2014

5. RELATED PARTY TRANSACTIONS

Beginning in October 2012, the Company’s President and Chief Executive Officer (“CEO”) elected to defer a portion of his salary until the Company is successful in securing financing sufficient to fund future operations. An amount of $115,000 was deferred and accrued at December 31, 2013, and was paid during the year ended December 31, 2014.

A total of $11,338 interest was payable at December 31, 2013 to the Company’s former Chief Operating Officer in connection with the settlement of notes payable in gold in 2011. These amounts were paid during the year ended December 31, 2014.

An amount of $17,556 was accrued for fees due to the Company’s Chief Financial Officer (“CFO”) at December 31, 2013 and paid during the year ended December 31, 2014. An amount of $4,96 has been accrued for fees at December 31, 2014. These amounts are included in related party payable.

A total of $87,900 had been accrued for consultants and directors’ fees at December 31, 2013. For the year ended December 31, 2014, an additional $21,490 has been accrued for services performed during the period, which is included in accounts payable. In 2013, a total of 150,000 common shares and 150,000 options to purchase common shares were issued to three consulting directors having a total fair value of $18,700. During the year ended December 31, 2014, a total of 1,650,000 common shares and 450,000 options to purchase common shares were issued to directors (See Note 7 Stockholders’ Equity) having a total fair value of $96,300, which brings the total consultants and directors’ fees recognized for the year ended December 31, 2014 to $143,075.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

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