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Note 7 - Summary of Note Payable (Details) - USD ($)
Sep. 30, 2015
Dec. 31, 2014
Note Payable Mining Equipment [Member]    
Note payable for mining equipment, payable $1,339 monthly, including interest (a) [1] $ 45,672 $ 55,720
Note Payable Mining Equipment 2 [Member]    
Note payable for mining equipment, payable $1,339 monthly, including interest (a) [2] 6,410 14,057
Note Payable Mining Equipment 3 [Member]    
Note payable for mining equipment, payable $1,339 monthly, including interest (a) [3] 0 6,033
Note Payable for Laboratory Equipment [Member]    
Note payable for mining equipment, payable $1,339 monthly, including interest (a) [4] 0 18,246
Note Payable Mining Site Vehicle [Member]    
Note payable for mining equipment, payable $1,339 monthly, including interest (a) [5] 15,709 20,736
Note Payable Insurance Company [Member]    
Note payable for mining equipment, payable $1,339 monthly, including interest (a) [6] 0 149,036
Note Payable Insurance Company 2 [Member]    
Note payable for mining equipment, payable $1,339 monthly, including interest (a) [7] 0 42,211
Note payable for mining equipment, payable $1,339 monthly, including interest (a) 67,791 306,039
Less: Current Portion (28,598) (246,894)
Notes Payable, Long-Term Portion $ 39,193 $ 59,145
[1] On October 31, 2014, the Company purchased mining equipment for $57,900 by issuing a note with an interest rate of 5.2%. The note is collateralized by the mining equipment with payments of $1,339 for 48 months, which started on November 30, 2014.
[2] On April 17, 2012, the Company purchased mining equipment for $40,565 by issuing a note with an effective interest rate of 11.279%. The note is collateralized by the mining equipment with payments of $950 for 48 months, which started on May 1, 2012.
[3] On July 23, 2012, the Company purchased mining equipment for $169,500 by issuing a note with an interest rate of 5.5%. The note is collateralized by the mining equipment with payments of $6,060 for 30 months, which started on August 25, 2012.
[4] On April 16, 2014, the Company purchased lab equipment for $109,493 by depositing and issuing a non-interest bearing note in the amount of $91,229. The note is collateralized by the lab equipment with payments of $9,122 for ten months, which started in May 2014.
[5] On September 20, 2012, the Company purchased a vehicle for the mine site for $37,701 by issuing a non-interest bearing note. The note is collateralized by the vehicle with payments of $628 for 60 months, which started on October 20, 2012.
[6] The Company signed a note payable with an insurance company dated October 31, 2014 for directors’ and officers’ insurance, due in monthly installments, including interest at 3.15%. The note will mature on July 2015.
[7] The Company signed a note payable with an insurance company dated October 31, 2014 for liability insurance, due in monthly installments, including interest at 3.15%. The note will mature on July 2015.