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Note 6 - Notes Payable - Summary of Note Payable (Details) - USD ($)
Sep. 30, 2016
Dec. 31, 2015
Note Payable Mining Equipment [Member]    
Note payable [1] $ 0 $ 3,714
Note Payable Mining Equipment 3 [Member]    
Note payable [2] 31,652 42,235
Note Payable Mining Site Vehicle [Member]    
Note payable [3] 7,541 13,196
Note Payable Insurance Company 2 [Member]    
Note payable [4] 0 60,953
Note Payable Insurance Company 3 [Member]    
Note payable [5] 0 124,019
Note payable 39,193 244,117
Less: Current Portion (22,307) (210,429)
Notes Payable, Long-Term Portion $ 16,886 $ 33,688
[1] 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.
[2] On October 31, 2014, the Company purchased mining equipment for $65,120 by paying deposit and issuing a note in the amount of $57,900 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.
[3] 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.
[4] The Company signed a note payable with an insurance company dated October 21, 2015 for liability insurance, due in monthly installments, including interest at 11.845%.
[5] The Company signed a note payable with an insurance company dated October 17, 2015 for liability insurance, due in monthly installments, including interest at 3.0%.