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NOTE 3 - PROPERTY AND EQUIPMENT
12 Months Ended
Jun. 30, 2022
Notes  
NOTE 3 - PROPERTY AND EQUIPMENT

NOTE 3 – PROPERTY AND EQUIPMENT

Property and equipment consist of the following at June 30, 2022 and 2021 are as follows:

 

 

June 30,

 

 

 

 

2022

 

 

2021

 

 

 

Mine equipment

 

$

146,399

 

 

$

146,399

 

 

 

General equipment

 

160,081

 

 

160,081

 

 

 

Small tools

 

4,882

 

 

4,882

 

 

 

Mill site property

 

175,343

 

 

-

 

 

 

Mill site development costs

 

35,134

 

 

20,000

 

 

 

Land

 

35,000

 

 

35,000

 

 

 

 

 

556,839

 

 

 

366,362

 

 

 

Less: accumulated depreciation

 

 

(124,721

)

 

 

(78,959

)

 

 

Property and equipment, net

 

$

432,118

 

 

$

287,403

 

 

 

 

Depreciation and amortization expense on property and equipment for the years ended June 30, 2022 and 2021 was $51,852 and $67,076, respectively.