Mineral Interest Commitments

3 Months Ended

Mar. 31, 2022

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 as of March 31, 2022 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.

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