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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Operating expenses:        
Mine preparation costs $ 2,114 $ 11,216 $ 7,501 $ 25,443
Management fees and salaries 49,150 46,388 147,050 143,813
Professional services 14,074 244 69,884 61,185
General and administration 49,580 48,090 146,033 152,186
Office supplies and other 1,463 5,992 4,513 21,891
Directors’ fees 3,100 2,500 8,800 6,100
Mineral property maintenance 31,486 31,942 94,459 94,915
Arbitration and settlement costs (Note 3) 1,440 2,143 24,758 19,221
Total operating expenses 152,407 148,515 502,998 524,754
Other (income) expense:        
Miscellaneous income (5,787)
Change in fair value of notes payable in gold (11,138) (38,751) 15,514 (35,777)
Interest expense and finance costs – related party 158,435 155,627 474,363 462,814
Interest expense and finance costs 69,689 63,059 194,972 198,838
Total other (income) expense 216,986 179,935 679,062 625,875
Net loss 369,393 328,450 1,182,060 1,150,629
Preferred dividends 1,917 1,917 5,688 5,688
Net loss available to common stockholders $ 371,310 $ 330,367 $ 1,187,748 $ 1,156,317
Net loss per common share - basic and diluted $ 0 $ 0 $ (0.01) $ (0.01)
Weighted average common shares outstanding – basic and diluted 195,689,958 177,479,791 191,227,818 183,667,400