NOTES PAYABLE (Tables)

12 Months Ended

Dec. 31, 2019

Debt Disclosure [Abstract]

Schedule of Debt [Table Text Block]

Notes payable at December 31, 2019 and 2018 consist of the following:

	December 31,
	2019			2018
Note payable against exploration rights agreement, including interest (a)	$	250,000		$	-
Note payable for insurance companies, payable $5,443 - $25,936 monthly (b)		-			246,496
Note payable to insurance companies, payable $1,732 – $24,808 monthly, (c) and (d)		208,728			-
					246,496
Less: Current Portion		(458,728	)		(246,496	)
Notes Payable, Long-Term Portion	$	-		$	-

(a) On November 13, 2019, the Company entered into an agreement with a related party. Per the terms of the agreement, the Company has borrowed $250,000 against an expected annual renewal payment for an exploration license it granted as part of an Exploration Agreement with Option to Purchase entered into with Continental Minerals Claims, Inc. in December 2017, in exchange for $200,000 in cash. The loan was unsecured and paid off in February 2020. There was no interest rate specified.

(b) On October 2018, the Company signed two notes payable with interest rate of 4.89% with an insurance company for liability insurance, payable in 10 monthly installment which started on November 17, 2018

(c) On October 2019, the Company signed a note payable with interest rate of 4.89% with an insurance company for liability insurance, payable in 10 monthly installment payments which started on November 17, 2019

(d) On October 2019, the Company signed a note payable with interest rate of 7.04% with an insurance company for liability insurance, payable in 10 monthly installment which started on November 17, 2019