NOTE 6 - NOTE PAYABLE

On July 7, 2011 the Company purchased a piece of mining equipment for $198,838 with an implicit interest rate of 9.34%. The long-term debt is collateralized by the piece of mining equipment with payments of $5,556 for 36 months, which started on August 15, 2011.

Note payable at September 30, 2011, payable $5,556 monthly, including interest	$	165,401
Less: Current Portion		(53,469	)
Note payable, long-term portion	$	111,932

The following is a schedule of the future minimum note payments as of September 30, 2011:

2011	$	12,904
2012		54,727
2013		60,063
2014		37,707

During the current quarter ending September 30, 2011, the Company's interest payments totaled $2,673.