Mining and Mineral Rights

9 Months Ended

Sep. 30, 2019

Extractive Industries [Abstract]

MINING AND MINERAL RIGHTS

NOTE 3 – MINING AND MINERAL RIGHTS

The Company is preparing the Tonopah property site for the construction of a permitted custom processing toll milling facility including grading the land, installing fencing and working with contractors for our planned 21,875 square foot building and servicing and drilling various wells for our future operations.

The Company has continued to assess the realizability of its mining and mineral rights. Based on an assessment the Company conducted in January 2020. The Company decided its land, mineral rights and water rights are inseparable and depend on each other in value creation. Accordingly, during the nine   months ended September 30, 2019, the Company combined the carrying value of the assets to present them more clearly as to their intended use together:

FORMERLY -
Property, Plant and Equipment:
Shea Mining & Milling asset purchase	$	2,108,300
Equipment, net of $21,000 accumulated depreciation.		0
Construction in progress		1,775,224
	$	3,883,524
NOW -
Mining Assets and Mineral Rights	$	3,883,524