6. Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2013

Property And Equipment Tables

Property and Equipment

The Company recognized depreciation expense of $88,139 and $205,266 for the three and Nine months ended September 30, 2013 respectively, $57,821 from inception (January 26, 2012) to September 30, 2012, and $290,978 for the period from inception to September 30, 2013.

	September 30, 2013			December 31, 2012
Buildings	$	172,949		$	164,726
Furniture & fixtures		22,859			24,023
Vehicles		125,010			131,376
Mining equipment		414,325			423,453
Plants/property improvements		4,133,656			3,928,356
Computers		35,696			37,018
Lab equipment		63,342			65,675
Total fixed assets	$	4,967,837		$	4,774,626
Less depreciation		(321,801	)		(126,810	)
Net fixed assets	$	4,646,036		$	4,647,816
Land	$	556,693		$	585,040
Congo right to use	$	360,000		$	360,000
Mining property	$	3,539,768		$	3,720,011
Net property and equipment	$	9,102,497		$	9,312,867