Note 4 - Property and Equipment

12 Months Ended

Dec. 31, 2017

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:

	December 31,
	201 7			201 6
Land	$	500,000		$	500,000
Land improvements		171,122			171,122
Buildings		3,129,519			3,129,519
Mining equipment		1,784,115			1,775,884
Milling equipment		2,841,726			2,806,834
Laboratory equipment		607,716			607,716
Office equipment		70,529			69,900
Vehicles		150,810			150,810
		9,255,537			9,211,785
Less: Accumulated depreciation		(6,453,146	)		(5,136,609	)
Total	$	2,802,391		$	4,075,176