3. South Mountain Project: Investments in and Advances to Affiliates (Tables)

12 Months Ended

Dec. 31, 2016

Tables/Schedules

Investments in and Advances to Affiliates

	Net Asset Value on Settlement Date	SMMI at 75%	ISGC II at 25%
Land	$  280,333	$  210,250	$    70,083
Mineral Interest	479,477	359,608	119,869
Accrued Reclamation	(65,000)	(48,750)	(16,250)
Net Assets	694,810	521,108	173,702
OGT equipment transferred to SMMI	233,965	233,965
Investment in OGT eliminated in consolidation with OGT	(479,477)	(479,477)
	$   449,298	$   275,596	$   173,702