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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating expenses:        
Mine preparation costs $ 2,124 $ 5,397 $ 5,387 $ 14,227
Management fees and salaries 50,200 45,900 97,900 97,425
Professional services 45,721 22,729 55,810 60,940
General and administration 47,918 51,737 96,453 104,096
Office supplies and other 1,683 7,330 3,050 15,899
Directors’ fees 5,700 5,700 3,600
Mineral property maintenance 31,486 31,486 62,973 62,973
Arbitration and settlement costs (Note 3) 4,063 9,303 23,318 17,078
Total operating expenses 188,895 173,882 350,591 376,238
Other (income) expense:        
Miscellaneous income (5,787)
Change in fair value of notes payable in gold (17,995) (33,389) 26,652 2,975
Interest expense and finance costs – related party 158,402 154,779 315,928 307,187
Interest expense and finance costs 64,017 62,116 125,283 135,779
Total other (income) expense 204,424 183,506 462,076 445,941
Net loss 393,319 357,388 812,667 822,179
Preferred dividends 1,896 1,896 3,771 3,771
Net loss available to common stockholders $ 395,215 $ 359,284 $ 816,438 $ 825,950
Net loss per common share - basic and diluted $ 0 $ 0 $ 0 $ 0
Weighted average common shares outstanding – basic and diluted 191,278,693 321,412,413 188,959,769 182,762,134