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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operating expenses:    
Mine preparation costs $ 39,452 $ 72,711
Exploration expense 7,698
Management fees and salaries 192,863 207,219
Professional services 116,696 123,930
General and administrative 210,460 352,818
Office supplies and other 29,065 23,659
Directors’ fees 6,700 23,500
Mineral property maintenance 126,401 106,010
Arbitration costs (Note 4) 27,046 80,318
Total operating expenses 748,683 997,863
Other (income) expense:    
Accounts payable forgiveness (55,806)
Change in fair value of notes payable in gold 1,734 (21,810)
Interest expense and finance costs 273,945 249,886
Interest expense and finance costs – related party 620,267 584,355
Gain on settlement of arbitration (Note 4) (533,193)
Gain on forgiveness of CARES Act PPP loan (51,135)
Total other (income) expense 306,947 761,296
Net loss (1,055,630) (1,759,159)
Preferred dividends (7,604) (7,604)
Net loss available to common stockholders $ (1,063,234) $ (1,766,763)
Net loss per common share – basic and diluted $ (0.01) $ (0.01)
Weighted average common shares outstanding – basic and diluted 184,116,312 173,356,424