XML 25 R8.htm IDEA: XBRL DOCUMENT v3.22.1
Mineral Interest Commitments
12 Months Ended
Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]  
Mineral Interest Commitments [Text Block]
2. Mineral Interest Commitments

The Company has two lease arrangements with landowners that own land parcels adjacent to the Company's South Mountain patented and unpatented mining claims. The leases were originally for a seven-year period, with annual payments of $20 per acre. The leases were renewed for an additional 10 years at $30 per acre paid annually; committed payments are listed in the table below. The leases have no work requirements.

    Annual Payment  
Acree Lease (June) $ 3,390  
Lowry Lease (October)   11,280  
Total $ 14,670  

The Company has 26 unpatented claims (533 acres) in the Trout Creek area and 21 unpatented claims in the South Mountain area. For the year ended December 31, 2021, the Company made the decision not to maintain 52 unpatented mining claims (1,067 acres) in the Trout Creek area.

The claim fees are paid on these unpatented claims annually as follows:

 

Target Area   2021  
Trout Creek -State of Nevada $ 4,290  
Trout Creek -Lander County, Nevada   324  
South Mountain-State of Idaho   3.465  
Total $ 8,079