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1. Summary of Significant Accounting Policies and Business Operations: Principles of Consolidation (Policies)
9 Months Ended
Sep. 30, 2017
Policies  
Principles of Consolidation

Principles of Consolidation

 

The consolidated financial statements include the accounts of the Company; its wholly owned subsidiaries, Thunder Mountain Resources, Inc. and South Mountain Mines, Inc.; and, effective November 6, 2016, a company in which the Company has majority control, Owyhee Gold Trust, LLC (“OGT”).   Intercompany accounts are eliminated in consolidation.

 

The Company has established 75% ownership and full management of OGT.  Thus, OGT’s financial information is included 100% in the Company’s consolidated financial statements since November 6, 2016. The Company’s consolidated financial statements reflect the other investor’s 25% non-controlling interest in OGT. See Note 3 for further information.