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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2020
Dec. 31, 2019
Current assets:    
Cash $ 2,316 $ 1,945
Prepaid expenses 35,448 0
Total current assets 37,764 1,945
Mining and mineral rights 3,883,524 3,883,524
Total Assets 3,921,288 3,885,469
Liabilities and Shareholders’ Deficit    
Senior secured promissory note payable, related party 2,229,187 2,229,187
Promissory notes payable - related party 477,500 477,500
Convertible notes payable, including $204,240 from related parties 304,240 113,575
Accrual for settlement of lawsuits 3,314,128 3,164,309
Accounts payable 1,660,478 1,820,741
Accrued interest - Related party $1,501,249 and $1,325,558 at September 30, 2020 and December 31, 2019 2,313,131 2,100,592
Total current liabilities 10,298,664 9,905,904
Preferred stock, 50,000,000 shares authorized:
Series A, $.001 par value, 10,000,000 and 10,000,000 shares issued and outstanding at September 30, 2020 and December 31, 2019 10,000,000 10,000,000
Commitments and Contingencies (Note 6)
Shareholders’ deficit:    
Common stock, $0.001 par value, 500,000,000 shares authorized: 138,630,343 and 133,630,343 issued and 129,497,423 and 128,997,423 outstanding at September 30, 2020 and December 31, 2019, respectively 133,630 128,997
Additional paid-in capital 87,930,342 87,712,695
Accumulated deficit (104,441,348) (103,862,127)
Total shareholders’ deficit (16,377,376) (16,020,435)
Total Liabilities and Shareholders’ deficit $ 3,921,288 $ 3,885,469