Note 4 - Property and Equipment

12 Months Ended

Dec. 31, 2015

Notes to Financial Statements

Property, Plant and Equipment Disclosure [Text Block]

NOTE

4

–

PROPERTY

AND

EQUIPMENT

The following is a summary of property, plant, and equipment – at cost, less accumulated depreciation:

	2015		2014
Land (a)	$	500,000	$	945,180
Land improvements		164,758		164,758
Buildings		3,116,515		3,308,465
Mining equipment		1,697,583		1,684,197
Milling equipment		2,702,969		2,620,300
Laboratory equipment		594,451		594,451
Office equipment		69,625		72,174
Vehicles		148,673		148,673
		8,994,574		9,538,198
Less: Accumulated depreciation		3,787,749		2,482,324
Total	$	5,206,825	$	7,055,874

(a) Includes the Dragon Mine with a carrying value of $500,000 and in 2014 also includes the Atlas Mine near Mullan, Idaho with a carrying value of $445,180 (See Note 5).