Idaho Strategic Resources (IDR) 10-Q 16 Aug 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2021	Aug. 01, 2021
Registrant CIK	0001030192
Fiscal Year End	--12-31
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	000-28837
Entity Registrant Name	NEW JERSEY MINING CO
Entity Incorporation, State or Country Code	ID
Entity Tax Identification Number	82-0490295
Entity Address, Address Line One	201 N. Third Street
Entity Address, City or Town	Coeur d’Alene
Entity Address, State or Province	ID
Entity Address, Postal Zip Code	83814
City Area Code	208
Local Phone Number	625-9001
Title of 12(g) Security	Common Stock, no par value
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		142,959,713
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2
OTCQB
Trading Symbol	NJMC
Security Exchange Name	NONE

New Jersey Mining Company Conso

New Jersey Mining Company Consolidated Balance Sheets (Unaudited) - USD ($)		Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents		$ 994,681	$ 2,539,945
Gold sales receivable		263,585	264,779
Inventories		293,640	402,537
Joint venture receivable		2,465	4,177
Other current assets		259,107	224,063
Total current assets		1,813,478	3,435,501
Property, plant and equipment, net of accumulated depreciation		8,235,389	7,227,144
Mineral properties, net of accumulated amortization		5,512,026	3,455,233
Investment in joint venture		435,000	435,000
Reclamation bond		103,320	103,320
Deposits		34,692	12,863
Total assets		16,133,905	14,669,061
LIABILITIES AND STOCKHOLDERS' EQUITY
Asset retirement obligation		178,036	173,001
Notes payable related parties, long term		97,845	117,234
Convertible debt		2,050,000	1,010,000
Convertible debt-related party		0	25,000
Notes payable, long term		1,284,079	709,072
Small Business Administration loan, long term		163,484	161,251
Total long-term liabilities		3,773,444	2,195,558
Total liabilities		5,247,054	3,404,897
Stockholders' equity:
Preferred stock, no par value, 1,000,000 shares authorized; no shares issued or outstanding		0	0
Common stock, no par value, 200,000,000 shares authorized; June 30, 2021-142,404,157 and December 31, 2020- 137,573,309 shares issued and outstanding		22,391,993	20,986,062
Accumulated deficit		(14,428,461)	(12,672,786)
Total New Jersey Mining Company stockholders' equity		7,963,532	8,313,276
Non-controlling interest		2,923,319	2,950,888
Total stockholders' equity		10,886,851	11,264,164
Total liabilities and stockholders' equity		16,133,905	14,669,061
Current liabilities:
Accounts payable and other accrued liabilities		634,387	687,331
Accrued payroll and related payroll expenses		153,040	143,485
Notes payable related parties, current portion		38,205	37,078
Notes payable, current portion		645,390	339,704
Small Business Administration loan, current portion		2,588	1,741
Total current liabilities		1,473,610	1,209,339
Commitments (Note 10)	[1]	$ 0	$ 0
[1]	BS1

New Jersey Mining Company Con_2

New Jersey Mining Company Consolidated Balance Sheets (Unaudited) - Parenthetical - $ / shares	Jun. 30, 2021	Dec. 31, 2020
Details
Preferred Stock, Par or Stated Value Per Share	$ 0	$ 0
Preferred Stock, Shares Authorized	1,000,000	1,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0	$ 0
Common Stock, Shares Authorized	200,000,000	200,000,000
Common Stock, Shares, Issued	142,404,157	137,573,309
Common Stock, Shares, Outstanding	142,404,157	137,573,309

New Jersey Mining Company Con_3

New Jersey Mining Company Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenue:
Sales of products	$ 2,180,232	$ 1,324,498	$ 3,766,859	$ 2,725,331
Total revenue	2,180,232	1,324,498	3,766,859	2,725,331
Costs of Sales:
Cost of sales and other direct production costs	1,622,606	1,157,356	3,097,841	2,324,745
Depreciation and amortization	195,377	133,783	378,173	269,317
Total costs of sales	1,817,983	1,291,139	3,476,014	2,594,062
Gross profit	362,249	33,359	290,845	131,269
Other operating expenses:
Exploration	208,170	47,237	925,877	88,916
Loss on write off equipment	0	0	0	9,537
Management	55,331	36,094	256,391	73,424
Professional services	43,430	40,797	166,081	113,208
General and administrative	136,007	103,982	649,842	190,470
Total other operating expenses	442,938	228,110	1,998,191	475,555
Operating income (loss)	(80,689)	(194,751)	(1,707,346)	(344,286)
Other income (expense):
Small Business Administration grant income	0	10,000	0	10,000
Timber revenue net of costs	735	13,345	4,338	31,652
Interest income	32	11	123	1,589
Interest expense	(60,846)	(41,117)	(100,287)	(73,656)
Total other income (expense)	(60,079)	(17,761)	(95,826)	(30,415)
Net income (loss)	(140,768)	(212,512)	(1,803,172)	(374,701)
Net income (loss) attributable to non-controlling interest	(31,580)	(32,299)	(47,497)	(48,220)
Net income (loss) attributable to New Jersey Mining Company	$ (109,188)	$ (180,213)	$ (1,755,675)	$ (326,481)
Net income (loss) per common share-basic and diluted	$ 0	$ 0	$ (0.01)	$ 0
Weighted average common shares outstanding-basic and diluted	139,016,013	124,935,465	138,345,689	124,373,804

New Jersey Mining Company Con_4

New Jersey Mining Company Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock	Retained Earnings	Noncontrolling Interest	Total
Equity Balance, shares at Dec. 31, 2019	123,812,144
Equity balance at Dec. 31, 2019	$ 17,682,999	$ (12,029,910)	$ 3,003,888	$ 8,656,977
Contribution from non-controlling interest	0	0	2,659	2,659
Net income (loss)	$ 0	(146,268)	(15,921)	(162,189)
Equity Balance, shares at Mar. 31, 2020	123,812,144
Equity balance at Mar. 31, 2020	$ 17,682,999	(12,176,178)	2,990,626	8,497,447
Issuance of common stock and warrants for cash	1,481,481
Issuance of common stock and warrants for cash	$ 200,000	0	0	200,000
Equity Balance, shares at Dec. 31, 2019	123,812,144
Equity balance at Dec. 31, 2019	$ 17,682,999	(12,029,910)	3,003,888	8,656,977
Conversion of convertible debt to common stock				0
Equity Balance, shares at Jun. 30, 2020	125,293,625
Equity balance at Jun. 30, 2020	$ 17,882,999	(12,356,391)	2,997,730	8,504,338
Equity Balance, shares at Mar. 31, 2020	123,812,144
Equity balance at Mar. 31, 2020	$ 17,682,999	(12,176,178)	2,990,626	8,497,447
Contribution from non-controlling interest	0	0	19,403	19,403
Net income (loss)	$ 0	(180,213)	(32,299)	(212,512)
Equity Balance, shares at Jun. 30, 2020	125,293,625
Equity balance at Jun. 30, 2020	$ 17,882,999	(12,356,391)	2,997,730	8,504,338
Equity Balance, shares at Dec. 31, 2020	137,573,309
Equity balance at Dec. 31, 2020	$ 20,986,062	(12,672,786)	2,950,888	11,264,164
Options issued to management, directors, and employees, shares	0
Options issued to management, directors, and employees, value	$ 604,571	0	0	604,571
Options issued for services, shares	0
Options issued for services, value	$ 9,860	0	0	9,860
Issuance of common stock for cashless warrant exercise	394,737
Issuance of common stock for cashless warrant exercise	$ 0	0	0	0
Contribution from non-controlling interest	$ 0	0	2,469	2,469
Issuance of common stock for services	10,000
Issuance of common stock for services	$ 2,300	0	0	2,300
Net income (loss)	$ 0	(1,646,487)	(15,917)	(1,662,404)
Equity Balance, shares at Mar. 31, 2021	137,978,046
Equity balance at Mar. 31, 2021	$ 21,602,793	(14,319,273)	2,937,440	10,220,960
Equity Balance, shares at Dec. 31, 2020	137,573,309
Equity balance at Dec. 31, 2020	$ 20,986,062	(12,672,786)	2,950,888	11,264,164
Conversion of convertible debt to common stock				735,000
Equity Balance, shares at Jun. 30, 2021	142,404,157
Equity balance at Jun. 30, 2021	$ 22,391,993	(14,428,461)	2,923,319	10,886,851
Equity Balance, shares at Mar. 31, 2021	137,978,046
Equity balance at Mar. 31, 2021	$ 21,602,793	(14,319,273)	2,937,440	10,220,960
Contribution from non-controlling interest	$ 0	0	17,459	17,459
Issuance of common stock for services	15,000
Issuance of common stock for services	$ 4,200	0	0	4,200
Exercise of common stock warrants for cash, shares	277,778
Exercise of common stock warrants for cash	$ 50,000	0	0	50,000
Issuance of common stock for cashless option exercise	50,000
Issuance of common stock for cashless option exercise	$ 0	0	0	0
Conversion of convertible debt to common stock, shares	4,083,333
Conversion of convertible debt to common stock	$ 735,000	0	0	735,000
Net income (loss)	$ 0	(109,188)	(31,580)	(140,768)
Equity Balance, shares at Jun. 30, 2021	142,404,157
Equity balance at Jun. 30, 2021	$ 22,391,993	$ (14,428,461)	$ 2,923,319	$ 10,886,851

New Jersey Mining Company Con_5

New Jersey Mining Company Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ (1,803,172)	$ (374,701)
Depreciation and amortization	378,173	269,317
Loss on write off of equipment	0	9,537
Accretion of asset retirement obligation	5,035	4,745
Stock based compensation	614,431	0
Issuance of common stock for services	6,500	0
Change in operating assets and liabilities:
Gold sales receivable	1,194	(68,957)
Inventories	108,896	(49,694)
Joint venture receivable	1,712	(2,717)
Other current assets	(35,042)	53,690
Accounts payable and other accrued liabilities	(49,864)	(190,246)
Accrued payroll and related payroll expenses	9,555	3,156
Net cash provided (used) by operating activities	(762,582)	(345,870)
Cash flows from investing activities:
Purchases of property, plant and equipment	(249,328)	(12,689)
Deposits on equipment	(21,829)	0
Purchase of mineral property	(2,063,742)	(747,193)
Net cash used by investing activities	(2,334,899)	(759,882)
Cash flows from financing activities:
Proceeds from sale of common stock and warrants net of issuance cost	0	200,000
Exercise of common stock warrants	50,000	0
Principal payments on notes payable	(249,449)	(288,026)
Principal payments on notes payable, related parties	(18,262)	(44,639)
Issuance of convertible debt	1,750,000	885,000
Proceeds from Small Business Administration loans		509,717
Contributions from non-controlling interest	19,928	22,062
Net cash provided by financing activities	1,552,217	1,284,114
Net change in cash and cash equivalents	(1,545,264)	178,362
Cash and cash equivalents, beginning of period	2,539,945	217,796
Cash and cash equivalents, end of period	994,681	396,158
Deposit on property applied to purchase of mineral property	0	25,000
Note payable for equipment purchase	1,130,143	0
Note payable for equipment purchase	$ 735,000	$ 0

1. The Company and Significant

1. The Company and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2021
Notes
1. The Company and Significant Accounting Policies	1. The Company and Significant Accounting Policies These unaudited interim consolidated financial statements have been prepared by the management of New Jersey Mining Company (the “Company”) in accordance with accounting principles generally accepted in the United States of America for interim financial information. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete consolidated financial statements. In the opinion of the Company’s management, all adjustments (consisting of only normal recurring accruals) considered necessary for a fair presentation of the interim consolidated financial statements have been included. The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the use of estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities known to exist as of the date the financial statements are published, and the reported amounts of revenues and expenses during the reporting period. Uncertainties with respect to such estimates and assumptions are inherent in the preparation of the Company's financial statements; accordingly, it is possible that the actual results could differ from these estimates and assumptions, which could have a material effect on the reported amounts of the Company's financial position and results of operations. Operating results for the three and six-month period ended June 30, 2021 is not necessarily indicative of the results that may be expected for the full year ending December 31, 2021. For further information refer to the financial statements and footnotes thereto in the Company’s audited consolidated financial statements for the year ended December 31, 2020 as filed with the Securities and Exchange Commission. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiary, the New Jersey Mill Joint Venture (“NJMJV”). Intercompany accounts and transactions are eliminated. The portion of entities owned by other investors is presented as non-controlling interests on the consolidated balance sheets and statements of operations. Revenue Recognition Gold Revenue Recognition and Receivables- Sales and accounts receivable for concentrate shipments are recorded net of charges by the customer for treatment, refining, smelting losses, and other charges negotiated with the customers. Charges are estimated upon shipment of concentrates based on contractual terms, and actual charges typically do not vary materially from estimates. Costs charged by customers include fixed costs per ton of concentrate and price escalators. Refining, selling and shipping costs related to sales of doré and metals from doré are recorded to cost of sales as incurred. See Note 4 for more information on our sales of products. Other Revenue Recognition- Inventories Inventories are stated at the lower of full cost of production or estimated net realizable value based on current metal prices. Costs consist of mining, transportation, and milling costs including applicable overhead, depreciation, depletion and amortization relating to the operations. Costs are allocated based on the stage at which the ore is in the production process. Supplies inventory is stated at the lower of cost or estimated net realizable value. 1. The Company and Significant Accounting Policies (continued) Mine Exploration and Development Costs The Company expenses exploration costs as such in the period they occur. The mine development stage begins once the Company identifies ore reserves which is based on a determination whether an ore body can be economically developed. Expenditures incurred during the development stage are capitalized as deferred development costs and include such costs for drift, ramps and infrastructure. Costs to improve, alter, or rehabilitate primary development assets which appreciably extend the life, increase capacity, or improve the efficiency or safety of such assets are also capitalized. The development stage ends when the production stage of ore reserves begins. Amortization of deferred development costs is calculated using the units-of-production method over the expected life of the operation based on the estimated recoverable mineral ounces. Fair Value Measurements When required to measure assets or liabilities at fair value, the Company uses a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used. The Company determines the level within the fair value hierarchy in which the fair value measurements in their entirety fall. The categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Level 1 uses quoted prices in active markets for identical assets or liabilities, Level 2 uses significant other observable inputs, and Level 3 uses significant unobservable inputs. The amount of the total gains or losses for the period that are included in earnings are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date. At June 30, 2021, and December 31, 2020, the Company had no assets or liabilities that required measurement at fair value on a recurring basis. Reclassifications Certain prior period amounts have been reclassified to conform to the 2021 financial statement presentation. Reclassifications had no effect on net loss, stockholders’ equity, or cash flows as previously reported. New Accounting Pronouncement Accounting Standards Updates Adopted In December 2019, the FASB issued ASU No. 2019-12 Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The update contains a number of provisions intended to simplify the accounting for income taxes. The update is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. The update was adopted as of January 1, 2021, and its adoption did not have a material impact on the Company’s consolidated financial statements. Accounting Standards Updates to Become Effective in Future Periods In August 2020, the FASB issued ASU No. 2020-06 Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. The update is to address issues identified as a result of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity. The update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years and with early adoption permitted. Management is evaluating the impact of this update on the Company’s consolidated financial statements.

2. Going Concern

2. Going Concern	6 Months Ended
	Jun. 30, 2021
Notes
2. Going Concern	2. Going Concern The Company is currently producing from both the open-pit and underground at the Golden Chest Mine. In the past, the Company has been successful in raising required capital from sale of common stock, forward gold contracts, and debt. As a result of its planned production, equity sales and potential debt borrowings or restructurings, management believes cash flows from operations and existing cash are sufficient to conduct planned operations and meet contractual obligations for the next 12 months.

3. Inventories

3. Inventories	6 Months Ended
	Jun. 30, 2021
Notes
3. Inventories	3. Inventories At June 30, 2021 and December 31, 2020, the Company’s inventories consisted of the following: June 30, 2021 December 31, 2020 Concentrate inventory In process $ 64,699 $ 90,743 Finished goods 142,715 230,318 Total concentrate inventory 207,414 321,061 Supplies inventory Mine parts and supplies 52,358 52,600 Mill parts and supplies 33,868 28,876 Total supplies inventory 86,226 81,476 Total $ 293,640 $ 402,537 The carrying value of inventory is determined each period based on the lower of cost or net realizable value. At June 30, 2021 and December 31, 2020 gold concentrate is carried at cost.

4. Sales of Products

4. Sales of Products	6 Months Ended
	Jun. 30, 2021
Notes
4. Sales of Products	4. Sales of Products Our products consist of both gold flotation concentrates which we sell to a single broker (H&H Metal), and an unrefined gold-silver product known as doré which we sell to a precious metal refinery. At June 30, 2021, metals that had been sold but not final settled thus exposed to future price changes totaled 1,833 ounces of gold. The Company has received provisional payments on the sale of these ounces with the remaining amount due reflected in gold sales receivable. Sales of products by metal for the three and six-month periods ended June 30, 2021 and 2020 were as follows: June 30, 2021 June 30, 2020 Three Months Six Months Three Months Six Months Gold $ 2,296,378 $ 4,010,102 $ 1,461,249 $ 2,980,560 Silver 9,103 13,424 2,905 5,946 Less: Smelter and refining charges (125,249) (256,667) (139,656) (261,175) Total $ 2,180,232 3,766,859 $ 1,324,498 $ 2,725,331 Sales by significant product type for the three and six-month periods ended June 30, 2021 and 2020 were as follows: June 30, 2021 June 30, 2020 Three Months Six Months Three Months Six Months Concentrate sales to H&H Metal $ 2,180,232 $ 3,690,351 $ 1,267,355 $ 2,668,188 Dore sales to refinery - 76,508 57,143 57,143 Total $ 2,180,232 $ 3,766,859 $ 1,324,498 $ 2,725,331 At June 30, 2021 and December 31, 2020, our gold sales receivable balance related to contracts with customers of $263,585 and $264,779, respectively, consist only of amounts due from H&H Metal. There is no allowance for doubtful accounts.

5. Related Party Transactions

5. Related Party Transactions	6 Months Ended
	Jun. 30, 2021
Notes
5. Related Party Transactions	5. Related Party Transactions At June 30, 2021 and December 31, 2020, the Company had the following note and interest payable to related parties: June 30, 2021 December 31, 2020 Ophir Holdings LLC, a company owned by two officers of the Company, 6% interest, monthly payments of $3,777 with a balloon payment of $71,075 in February 2023 $ 136,050 $ 154,312 Total 136,050 154,312 Current portion (38,205) (37,078) Long term portion $ 97,845 $ 117,234 As of June 30, 2021 and December 31, 2020, there was no accrued interest payable to related parties. Related party interest expense for the three and six-months ended June 30, 2021 and 2020 is as follows. 2021 2020 Three Months Six Months Three Months Six Months $ 2,133 $ 4,402 $ 2,870 $ 6,051 In February 2020, the Company’s corporate secretary, Monique Hayes, participated in the Company’s convertible debt offering for $25,000. During the six-month periods ended June 30, 2021 and 2020, interest expense on her note was $975 and $734, respectively. She converted her note in May 2021 as provided in the agreement. See Note 15. The Company leases office space from certain related parties on a month-to-month basis. $1,500 per month is paid to NP Depot, a company owned by the Company’s president, John Swallow. Payments under these short-term lease arrangements are included in general and administrative expenses on the Consolidated Statement of Operations and are as follows: 2021 2020 Three Months Six Months Three Months Six Months $ 6,210 $ 12,427 $ 6,210 $ 12,420

6. Joint Ventures

6. Joint Ventures	6 Months Ended
	Jun. 30, 2021
Notes
6. Joint Ventures	6. Joint Ventures New Jersey Mill Joint Venture Agreement The Company owns 65% of the New Jersey Mill Joint Venture (JV) and has significant influence in its operations. Thus, the venture is included in the consolidated financial statements along with presentation of the non-controlling interest. At June 30, 2021 and December 31, 2020, an account receivable existed with Crescent Silver, LLC, the other joint venture participant (“Crescent”), for $2,465 and $4,177, respectively, for shared operating costs as defined in the JV agreement. Butte Highlands JV, LLC (“BHJV”) On January 29, 2016, the Company purchased a 50% interest in Butte Highlands JV, LLC (“BHJV”) from Timberline Resources Corporation for $225,000 in cash and 3,000,000 restricted shares of the Company’s common stock valued at $210,000 for a total consideration of $435,000. Highland Mining, LLC (“Highland”) is the other 50% owner and manager of the joint venture. Under the agreement, Highland will fund all future project exploration and mine development costs. The agreement stipulates that Highland is manager of BHJV and will manage BHJV until such time as all mine development costs, less $2 million are distributed to Highland out of the proceeds from future mine production. The Company has determined that because it does not currently have significant influence over the joint venture’s activities, it accounts for its investment on a cost basis.

7. Earnings per Share

7. Earnings per Share	6 Months Ended
	Jun. 30, 2021
Notes
7. Earnings per Share	7. Earnings per Share For the three and six-month periods ended June 30, 2021 and 2020, potentially dilutive shares including outstanding stock options (Note 13) and warrants (Note 12) and convertible debt (Note 15) were excluded from the computation of diluted loss per share because they were anti-dilutive due to net losses in those periods. For the three and six-month periods ended June 30, 2021 and 2020, potentially dilutive common stock equivalents excluded from the calculation of diluted earnings per share as their effect would have been anti-dilutive are as follows: June 30, 2021 June 30, 2020 Stock options 5,525,000 4,612,500 Stock purchase warrants 5,697,249 2,824,075 Convertible debt 6,055,556 4,916,667 Total 17,277,805 12,353,242

8. Property, Plant and Equipmen

8. Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2021
Notes
8. Property, Plant and Equipment	8. Property, Plant, and Equipment Property, plant and equipment at June 30, 2021 and December 31, 2020 consisted of the following: June 30, 2021 December 31, 2020 Mill Land $ 225,289 $ 225,289 Building 536,193 536,193 Equipment 4,192,940 4,192,940 4,954,422 4,954,422 Less accumulated depreciation (994,446) (914,095) Total mill 3,959,976 4,040,327 Building and equipment Buildings 324,075 297,932 Equipment 4,595,193 3,250,551 4,919,268 3,548,483 Less accumulated depreciation (1,511,325) (1,229,136) Total building and equipment 3,407,943 2,319,347 Land Bear Creek 266,934 266,934 BOW 230,449 230,449 Eastern Star 250,817 250,817 Gillig 79,137 79,137 Highwater 40,133 40,133 Total land 867,470 867,470 Total $ 8,235,389 $ 7,227,144

9. Mineral Properties

9. Mineral Properties	6 Months Ended
	Jun. 30, 2021
Notes
9. Mineral Properties	9. Mineral Properties Mineral properties at June 30, 2021 and December 31, 2020 consisted of the following: June 30, 2021 December 31, 2020 Golden Chest Mineral Property $ 1,565,518 $ 1,539,001 Infrastructure 805,930 468,669 Total Golden Chest 2,371,448 2,007,670 New Jersey 248,289 248,289 McKinley-Monarch 200,000 200,000 Butte Potosi 274,440 274,440 Alder Gulch 2,473,066 773,101 Less accumulated amortization (55,217) (48,267) Total $ 5,512,026 $ 3,455,233 For the three and six-months periods ended June 30, 2021 $16,330 and $26,516, respectively of interest expense was capitalized in association with the ramp access project at the Golden Chest. No interest was capitalized in 2020. In February 2021 the Company paid $10,000 and in April of 2021 the Company paid an additional $1,689,965 to complete the purchase of approximately 508 acres of land adjacent to the Alder Gulch property for a total of $1,699,965 in cash.

10. Notes Payable

10. Notes Payable	6 Months Ended
	Jun. 30, 2021
Notes
10. Notes Payable	10. Notes Payable At June 30, 2021 and December 31, 2020, notes payable are as follows: June 30, 2021 December 31, 2020 Paus 2 yrd. LHD, 48 month note payable, 4.78% interest rate payable through September 2024, monthly payments of $5,181 $ 191,204 $ 217,354 Paus 2 yrd. LHD, 60 month note payable, 3.45% interest rate payable through July 2024, monthly payments of $4,847 169,883 195,768 Compressor, 48 month note payable, 5.25% interest rate payable monthly through November 2021, monthly payments of $813 5,247 9,958 CarryAll transport, 36 month note payable, 4.5% interest rate payable monthly through June 2024, monthly payments of $627 21,070 CarryAll transport, 36 month note payable, 4.5% interest rate payable monthly through February 2024, monthly payments of $303 9,131 - Atlas Copco loader, 60 month note payable, 10.5% interest rate payable monthly through June 2023, monthly payments of $3,550 76,517 93,265 Sandvik LH203 LHD, 36 month note payable, 4.5% interest payable monthly through May 2027, monthly payments of $10,352 338,953 Caterpillar 306 excavator, 48 month note payable, 4.6% interest payable monthly through November 2024, monthly payments of $1,512 57,246 64,896 Caterpillar 938 loader, 60 month note payable, 6.8% interest rate payable monthly through August 2023, monthly payments of $3,751 90,441 109,492 Caterpillar R1600 LHD, 48 month note payable, 4.5% interest rate payable through January 2025, monthly payments of $17,125 678,812 - Caterpillar AD22 underground truck, 48 month note payable, 6.45% interest rate payable through June 2023, monthly payments of $12,979 290,965 358,043 Total notes payable 1,929,469 1,048,776 Due within one year 645,390 339,704 Due after one year $ 1,284,079 $ 709,072 10. Notes Payable (continued) All notes are collateralized by the property or equipment purchased in connection with each note. Future principal payments of notes payable at June 30, 2021 are as follows: 12 months ended June 30, 2022 $ 645,390 2023 675,368 2024 457,814 2025 150,897 Total $ 1,929,469

11. Small Business Administrati

11. Small Business Administration Loans and Grant	6 Months Ended
	Jun. 30, 2021
Notes
11. Small Business Administration Loans and Grant	11. Small Business Administration Loans and Grant On April 10, 2020, the Company received a loan of $358,346 pursuant to the Paycheck Protection Program (the “PPP”) under Division A, Title I of the CARES Act, which was enacted March 27, 2020. The loan, which was in the form of a Note dated April 10, 2020 matures on April 9, 2022 and bears interest at a rate of 1% per annum, payable monthly commencing on October 9, 2020. The Note could be prepaid by the Company at any time prior to maturity with no prepayment penalties. This loan was forgiven after being used for qualifying expenses under the provisions of the CARES Act prior to the filing of this quarterly financial statement. Qualifying expenses included payroll costs, costs used to continue group health care benefits, rent, and utilities. The amount of the PPP loan was recognized as gain on forgiveness of the CARES Act loan in the Company’s consolidated income statement for the year ended December 31, 2020. In April 2020, the Company received $10,000 under Division A, Title I, Section 1110 of the CARES Act. Additionally, in May 2020, the Company received a loan of $149,900 pursuant to the Small Business Act Section 7(b). The May loan which was in the form of a Note dated May 16, 2020, matures May 16, 2050 and bears interest at a rate of 3.75% per annum. Payments of $731 are due monthly and will begin in July 2021. At June 30, 2021, total accrued interest on the remaining loan is $6,172 of which $3,080 was accrued in 2021 and is included in the Small Business Administration loan balance on the consolidated balance sheet.

12. Stockholders' Equity

12. Stockholders' Equity	6 Months Ended
	Jun. 30, 2021
Notes
12. Stockholders' Equity	12. Stockholders’ Equity The Company closed a private placement in April 2020. Under the private placement, the Company sold 1,481,481 units at $0.135 per unit for net proceeds of $200,000. Each unit consisted of one share of the Company’s stock and one half of one stock purchase warrant with each whole warrant exercisable for one share of the Company’s stock at $0.18 for 24 months. Common stock activity in the first quarter of 2021 consists of the following: · · Common stock activity in the second quarter of 2021 consists of the following: · · · · 12. Stockholders’ Equity (continued) Stock Purchase Warrants Outstanding The activity in stock purchase warrants is as follows: Number of Warrants Exercise Prices Balance December 31, 2019 12,900,123 $0.18-0.22 Issued 5,600,027 $0.18-0.40 Expired (10,816,789) $0.20-0.22 Exercised (1,708,334) $0.20 Balance December 31, 2020 5,975,027 $0.18-0.40 Exercised 277,778 $0.18 Balance June 30, 2021 5,697,249 $0.18-0.40 These warrants expire as follows: Shares Exercise Price Expiration Date 375,000 $0.18 December 14, 2023 462,963 $0.18 April 21, 2022 4,859,286 $0.40 August 28, 2022 5,697,249

13. Stock Options

13. Stock Options	6 Months Ended
	Jun. 30, 2021
Notes
13. Stock Options	13. Stock Options No options were granted in the second quarter of 2020 or 2021. In February 2021, the board granted 4,150,000 stock options to officers, board members, and employees. These options vested immediately and are exercisable at $0.40 for 3 years. Total stock-based compensation recognized on these options during the three-month period ended March 31, 2021 was $604,571, no options were granted in the second quarter of 2021. In the three and six-month periods ending June 30, 2021 100,000 and 725,000, respectively, options were exercised in cashless exercises. Activity in the Company’s stock options is as follows: Number of Options Exercise Prices Balance December 31, 2019 5,262,500 $ 0.10-0.18 Exercised (1,150,000) 0.10-0.18 Expired (2,012,500) 0.10-0.18 Balance December 31, 2020 2,100,000 0.10-0.14 Exercised (725,000) 0.14 Issued 4,150,000 0.40 Balance June 30, 2021 5,525,000 0.10-0.40 Exercisable at June 30, 2021 5,525,000 $ 0.10-0.40 At June 30, 2021, outstanding stock options have a weighted average remaining term of approximately 2.16 years and an intrinsic value of approximately $226,250. Intrinsic value of the options exercised for the three and six-month period ended June 30, 2021 were $14,000 and $164,000, respectively.

14. Asset Retirement Obligation

14. Asset Retirement Obligation	6 Months Ended
	Jun. 30, 2021
Notes
14. Asset Retirement Obligation	14. Asset Retirement Obligation The Company has established asset retirement obligations associated with the ultimate closing of its mineral properties where there has been or currently are operations. Activity for the six months ended June 30, 2021 and 2020 is as follows: Six Months Ended June 30, 2021 2020 Balance at beginning of period $ 175,499 $ 165,724 Accretion expense 2,537 2,390 Balance at end of period $ 178,036 $ 168,114

15. Convertible Debt

15. Convertible Debt	6 Months Ended
	Jun. 30, 2021
Notes
15. Convertible Debt	15. Convertible Debt In February 2020, the Company issued convertible promissory notes with an aggregate principal value of $885,000 from which funds were utilized for the purchase of the Alder Gulch property (Note 9). The notes are collateralized by the Alder Gulch property as well as other unencumbered real property that the Company currently owns. The outstanding principal amount of the notes bears interest at an annual rate of 8.0% with interest payments due monthly and the principal due in February 2023. The principal amount of the notes is convertible at the option of the note holders into shares of the Company’s common stock at a price of $0.18 per share (4,916,667 shares) prior to the maturity date of the notes. In July 2020, one of the participants converted $50,000 in debt for 277,778 shares of the Company’s common stock. In the second quarter of 2021 an additional 7 participants converted $735,000 in debt for 4,083,333 shares of the Company’s common stock. One remaining participant has yet to convert $100,000 in debt as of June 30, 2021. In July 2020, a current participant was issued a convertible promissory note for a principal balance of $200,000 which funds were utilized for the purchase of a new jumbo underground drill. The note is collateralized by the drill. The outstanding principal amount of the note bears interest at an annual rate of 6.0% with interest payments due monthly and the unpaid principal due in June 2023. The principal amount of the note is convertible at the option of the note holder into shares of the Company’s common stock at a price of $0.40 per share (500,000 shares) prior to the maturity date of the note. The Company issued convertible promissory notes with an aggregate principal value of $1,600,000 in February 2021 and an additional $150,000 in May 2021 for a total of $1,750,000 from which funds were utilized for the purchase of an addition to the Alder Gulch property (Note 9). The notes are collateralized by the Alder Gulch property as well as other unencumbered real property that the Company currently owns. The outstanding principal amount of the notes bears interest at an annual rate of 8.0% with interest payments due monthly and the principal due in March 2024. The principal amount of the notes is convertible at the option of the note holders into shares of the Company’s common stock at a price of $0.35 per share (5,000,000 shares) prior to the maturity date of the notes.

16. Subsequent Events

16. Subsequent Events	6 Months Ended
	Jun. 30, 2021
Notes
16. Subsequent Events	16. Subsequent Event In July of 2021 the remaining participant in the first convertible promissory note issuance converted their $100,000 note for 555,556 shares of the Company’s common stock as provided in the agreement.

1. The Company and Significan_2

1. The Company and Significant Accounting Policies: Principles of Consolidation (Policies)	6 Months Ended
	Jun. 30, 2021
Policies
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority-owned subsidiary, the New Jersey Mill Joint Venture (“NJMJV”). Intercompany accounts and transactions are eliminated. The portion of entities owned by other investors is presented as non-controlling interests on the consolidated balance sheets and statements of operations.

1. The Company and Significan_3

1. The Company and Significant Accounting Policies: Revenue Recognition (Policies)	6 Months Ended
	Jun. 30, 2021
Policies
Revenue Recognition	Revenue Recognition Gold Revenue Recognition and Receivables- Sales and accounts receivable for concentrate shipments are recorded net of charges by the customer for treatment, refining, smelting losses, and other charges negotiated with the customers. Charges are estimated upon shipment of concentrates based on contractual terms, and actual charges typically do not vary materially from estimates. Costs charged by customers include fixed costs per ton of concentrate and price escalators. Refining, selling and shipping costs related to sales of doré and metals from doré are recorded to cost of sales as incurred. See Note 4 for more information on our sales of products. Other Revenue Recognition-

1. The Company and Significan_4

1. The Company and Significant Accounting Policies: Inventories (Policies)	6 Months Ended
	Jun. 30, 2021
Policies
Inventories	Inventories Inventories are stated at the lower of full cost of production or estimated net realizable value based on current metal prices. Costs consist of mining, transportation, and milling costs including applicable overhead, depreciation, depletion and amortization relating to the operations. Costs are allocated based on the stage at which the ore is in the production process. Supplies inventory is stated at the lower of cost or estimated net realizable value.

1. The Company and Significan_5

1. The Company and Significant Accounting Policies: Mine Exploration and Development Costs (Policies)	6 Months Ended
	Jun. 30, 2021
Policies
Mine Exploration and Development Costs	Mine Exploration and Development Costs The Company expenses exploration costs as such in the period they occur. The mine development stage begins once the Company identifies ore reserves which is based on a determination whether an ore body can be economically developed. Expenditures incurred during the development stage are capitalized as deferred development costs and include such costs for drift, ramps and infrastructure. Costs to improve, alter, or rehabilitate primary development assets which appreciably extend the life, increase capacity, or improve the efficiency or safety of such assets are also capitalized. The development stage ends when the production stage of ore reserves begins. Amortization of deferred development costs is calculated using the units-of-production method over the expected life of the operation based on the estimated recoverable mineral ounces.

1. The Company and Significan_6

1. The Company and Significant Accounting Policies: Fair Value Measurements (Policies)	6 Months Ended
	Jun. 30, 2021
Policies
Fair Value Measurements	Fair Value Measurements When required to measure assets or liabilities at fair value, the Company uses a fair value hierarchy based on the level of independent, objective evidence surrounding the inputs used. The Company determines the level within the fair value hierarchy in which the fair value measurements in their entirety fall. The categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Level 1 uses quoted prices in active markets for identical assets or liabilities, Level 2 uses significant other observable inputs, and Level 3 uses significant unobservable inputs. The amount of the total gains or losses for the period that are included in earnings are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date. At June 30, 2021, and December 31, 2020, the Company had no assets or liabilities that required measurement at fair value on a recurring basis.

1. The Company and Significan_7

1. The Company and Significant Accounting Policies: Reclassifications (Policies)	6 Months Ended
	Jun. 30, 2021
Policies
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform to the 2021 financial statement presentation. Reclassifications had no effect on net loss, stockholders’ equity, or cash flows as previously reported.

1. The Company and Significan_8

1. The Company and Significant Accounting Policies: Recent Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2021
Policies
Recent Accounting Pronouncements	New Accounting Pronouncement Accounting Standards Updates Adopted In December 2019, the FASB issued ASU No. 2019-12 Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes. The update contains a number of provisions intended to simplify the accounting for income taxes. The update is effective for fiscal years beginning after December 15, 2020, with early adoption permitted. The update was adopted as of January 1, 2021, and its adoption did not have a material impact on the Company’s consolidated financial statements. Accounting Standards Updates to Become Effective in Future Periods In August 2020, the FASB issued ASU No. 2020-06 Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40): Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity. The update is to address issues identified as a result of the complexity associated with applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity. The update is effective for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years and with early adoption permitted. Management is evaluating the impact of this update on the Company’s consolidated financial statements.

3. Inventories_ Schedule of Inv

3. Inventories: Schedule of Inventory, Current (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Schedule of Inventory, Current	June 30, 2021 December 31, 2020 Concentrate inventory In process $ 64,699 $ 90,743 Finished goods 142,715 230,318 Total concentrate inventory 207,414 321,061 Supplies inventory Mine parts and supplies 52,358 52,600 Mill parts and supplies 33,868 28,876 Total supplies inventory 86,226 81,476 Total $ 293,640 $ 402,537

4. Sales of Products_ Sales of

4. Sales of Products: Sales of products by metal (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Sales of products by metal	June 30, 2021 June 30, 2020 Three Months Six Months Three Months Six Months Gold $ 2,296,378 $ 4,010,102 $ 1,461,249 $ 2,980,560 Silver 9,103 13,424 2,905 5,946 Less: Smelter and refining charges (125,249) (256,667) (139,656) (261,175) Total $ 2,180,232 3,766,859 $ 1,324,498 $ 2,725,331

4. Sales of Products_ Sales by

4. Sales of Products: Sales by significant product type (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Sales by significant product type	June 30, 2021 June 30, 2020 Three Months Six Months Three Months Six Months Concentrate sales to H&H Metal $ 2,180,232 $ 3,690,351 $ 1,267,355 $ 2,668,188 Dore sales to refinery - 76,508 57,143 57,143 Total $ 2,180,232 $ 3,766,859 $ 1,324,498 $ 2,725,331

5. Related Party Transactions_

5. Related Party Transactions: Notes and interest payable to related parties (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Notes and interest payable to related parties	June 30, 2021 December 31, 2020 Ophir Holdings LLC, a company owned by two officers of the Company, 6% interest, monthly payments of $3,777 with a balloon payment of $71,075 in February 2023 $ 136,050 $ 154,312 Total 136,050 154,312 Current portion (38,205) (37,078) Long term portion $ 97,845 $ 117,234

5. Related Party Transactions_2

5. Related Party Transactions: Related party interest expense (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Related party interest expense	2021 2020 Three Months Six Months Three Months Six Months $ 2,133 $ 4,402 $ 2,870 $ 6,051

5. Related Party Transactions_3

5. Related Party Transactions: Related Party Lease Expense (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Related Party Lease Expense	2021 2020 Three Months Six Months Three Months Six Months $ 6,210 $ 12,427 $ 6,210 $ 12,420

7. Earnings per Share_ Schedule

7. Earnings per Share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	June 30, 2021 June 30, 2020 Stock options 5,525,000 4,612,500 Stock purchase warrants 5,697,249 2,824,075 Convertible debt 6,055,556 4,916,667 Total 17,277,805 12,353,242

8. Property, Plant and Equipm_2

8. Property, Plant and Equipment: Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Property, Plant and Equipment	June 30, 2021 December 31, 2020 Mill Land $ 225,289 $ 225,289 Building 536,193 536,193 Equipment 4,192,940 4,192,940 4,954,422 4,954,422 Less accumulated depreciation (994,446) (914,095) Total mill 3,959,976 4,040,327 Building and equipment Buildings 324,075 297,932 Equipment 4,595,193 3,250,551 4,919,268 3,548,483 Less accumulated depreciation (1,511,325) (1,229,136) Total building and equipment 3,407,943 2,319,347 Land Bear Creek 266,934 266,934 BOW 230,449 230,449 Eastern Star 250,817 250,817 Gillig 79,137 79,137 Highwater 40,133 40,133 Total land 867,470 867,470 Total $ 8,235,389 $ 7,227,144

9. Mineral Properties_ Schedule

9. Mineral Properties: Schedule of mineral properties (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Schedule of mineral properties	June 30, 2021 December 31, 2020 Golden Chest Mineral Property $ 1,565,518 $ 1,539,001 Infrastructure 805,930 468,669 Total Golden Chest 2,371,448 2,007,670 New Jersey 248,289 248,289 McKinley-Monarch 200,000 200,000 Butte Potosi 274,440 274,440 Alder Gulch 2,473,066 773,101 Less accumulated amortization (55,217) (48,267) Total $ 5,512,026 $ 3,455,233

10. Notes Payable_ Schedule of

10. Notes Payable: Schedule of Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Schedule of Debt	June 30, 2021 December 31, 2020 Paus 2 yrd. LHD, 48 month note payable, 4.78% interest rate payable through September 2024, monthly payments of $5,181 $ 191,204 $ 217,354 Paus 2 yrd. LHD, 60 month note payable, 3.45% interest rate payable through July 2024, monthly payments of $4,847 169,883 195,768 Compressor, 48 month note payable, 5.25% interest rate payable monthly through November 2021, monthly payments of $813 5,247 9,958 CarryAll transport, 36 month note payable, 4.5% interest rate payable monthly through June 2024, monthly payments of $627 21,070 CarryAll transport, 36 month note payable, 4.5% interest rate payable monthly through February 2024, monthly payments of $303 9,131 - Atlas Copco loader, 60 month note payable, 10.5% interest rate payable monthly through June 2023, monthly payments of $3,550 76,517 93,265 Sandvik LH203 LHD, 36 month note payable, 4.5% interest payable monthly through May 2027, monthly payments of $10,352 338,953 Caterpillar 306 excavator, 48 month note payable, 4.6% interest payable monthly through November 2024, monthly payments of $1,512 57,246 64,896 Caterpillar 938 loader, 60 month note payable, 6.8% interest rate payable monthly through August 2023, monthly payments of $3,751 90,441 109,492 Caterpillar R1600 LHD, 48 month note payable, 4.5% interest rate payable through January 2025, monthly payments of $17,125 678,812 - Caterpillar AD22 underground truck, 48 month note payable, 6.45% interest rate payable through June 2023, monthly payments of $12,979 290,965 358,043 Total notes payable 1,929,469 1,048,776 Due within one year 645,390 339,704 Due after one year $ 1,284,079 $ 709,072

10. Notes Payable_ Schedule o_2

10. Notes Payable: Schedule of Maturities of Long-term Debt (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Schedule of Maturities of Long-term Debt	12 months ended June 30, 2022 $ 645,390 2023 675,368 2024 457,814 2025 150,897 Total $ 1,929,469

12. Stockholders' Equity_ Commo

12. Stockholders' Equity: Common Stock Purchase Warrant Transactions (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Common Stock Purchase Warrant Transactions	Number of Warrants Exercise Prices Balance December 31, 2019 12,900,123 $0.18-0.22 Issued 5,600,027 $0.18-0.40 Expired (10,816,789) $0.20-0.22 Exercised (1,708,334) $0.20 Balance December 31, 2020 5,975,027 $0.18-0.40 Exercised 277,778 $0.18 Balance June 30, 2021 5,697,249 $0.18-0.40

12. Stockholders' Equity_ Com_2

12. Stockholders' Equity: Common Stock Purchase Warrant Expirations (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Common Stock Purchase Warrant Expirations	Shares Exercise Price Expiration Date 375,000 $0.18 December 14, 2023 462,963 $0.18 April 21, 2022 4,859,286 $0.40 August 28, 2022 5,697,249

13. Stock Options_ Share-based

13. Stock Options: Share-based Compensation, Stock Options, Activity (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Share-based Compensation, Stock Options, Activity	Number of Options Exercise Prices Balance December 31, 2019 5,262,500 $ 0.10-0.18 Exercised (1,150,000) 0.10-0.18 Expired (2,012,500) 0.10-0.18 Balance December 31, 2020 2,100,000 0.10-0.14 Exercised (725,000) 0.14 Issued 4,150,000 0.40 Balance June 30, 2021 5,525,000 0.10-0.40 Exercisable at June 30, 2021 5,525,000 $ 0.10-0.40

14. Asset Retirement Obligati_2

14. Asset Retirement Obligation: Schedule of Asset Retirement Obligations (Tables)	6 Months Ended
	Jun. 30, 2021
Tables/Schedules
Schedule of Asset Retirement Obligations	Six Months Ended June 30, 2021 2020 Balance at beginning of period $ 175,499 $ 165,724 Accretion expense 2,537 2,390 Balance at end of period $ 178,036 $ 168,114

3. Inventories_ Schedule of I_2

3. Inventories: Schedule of Inventory, Current (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Total	$ 293,640	$ 402,537
In process
Inventory, Parts and Components, Net of Reserves	64,699	90,743
Finished goods
Finished goods	142,715	230,318
Concentrate inventory
Total concentrate inventory	207,414	321,061
Mine parts and supplies
Inventory, Parts and Components, Net of Reserves	52,358	52,600
Mill parts and supplies
Inventory, Parts and Components, Net of Reserves	33,868	28,876
Supplies inventory
Total supplies inventory	$ 86,226	$ 81,476

4. Sales of Products_ Sales o_2

4. Sales of Products: Sales of products by metal (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Details
Gold sales	$ 2,296,378	$ 1,461,249	$ 4,010,102	$ 2,980,560
Silver sales	9,103	2,905	13,424	5,946
Smelter and refining charges	(125,249)	(139,656)	(256,667)	(261,175)
Total	$ 2,180,232	$ 1,324,498	$ 3,766,859	$ 2,725,331

4. Sales of Products_ Sales b_2

4. Sales of Products: Sales by significant product type (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Details
Concentrate sales	$ 2,180,232	$ 1,267,355	$ 3,690,351	$ 2,668,188
Dore sales	0	57,143	76,508	57,143
Total	$ 2,180,232	$ 1,324,498	$ 3,766,859	$ 2,725,331

4. Sales of Products (Details)

4. Sales of Products (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Details
Gold sales receivable	$ 263,585	$ 264,779

5. Related Party Transactions_4

5. Related Party Transactions: Notes and interest payable to related parties (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Notes payable related parties, long term	$ 97,845	$ 117,234
Total	136,050	154,312
Current portion	(38,205)	(37,078)
Long term portion	97,845	117,234
Ophir Holdings LLC
Notes payable related parties, long term	136,050	154,312
Long term portion	$ 136,050	$ 154,312

5. Related Party Transactions_5

5. Related Party Transactions: Related party interest expense (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Details
2,133	$ 2,870	$ 4,402	$ 6,051

5. Related Party Transactions_6

5. Related Party Transactions: Related Party Lease Expense (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Details
6,210	$ 6,210	$ 12,427	$ 12,420

6. Joint Ventures (Details)

6. Joint Ventures (Details)	6 Months Ended
	Jun. 30, 2021
New Jersey Mill
Equity Method Investment, Additional Information	The Company owns 65% of the New Jersey Mill Joint Venture (JV) and has significant influence in its operations.
Butte Highlands JV, LLC
Equity Method Investment, Additional Information	On January 29, 2016, the Company purchased a 50% interest in Butte Highlands JV, LLC (“BHJV”) from Timberline Resources Corporation for $225,000 in cash and 3,000,000 restricted shares of the Company’s common stock valued at $210,000 for a total consideration of $435,000.

7. Earnings per Share_ Schedu_2

7. Earnings per Share: Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Details
Stock options	5,525,000	4,612,500
Stock purchase warrants	5,697,249	2,824,075
Convertible debt	6,055,556	4,916,667
Total	17,277,805	12,353,242

8. Property, Plant and Equipm_3

8. Property, Plant and Equipment: Property, Plant and Equipment (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Details
Mill land	$ 225,289	$ 225,289
Building	536,193	536,193
Equipment	4,192,940	4,192,940
Less accumulated depreciation	(994,446)	(914,095)
Mill Buildings and Improvements, Net	3,959,976	4,040,327
Buildings and Improvements, Gross	324,075	297,932
Equipment	4,595,193	3,250,551
Less accumulated depreciation	(1,511,325)	(1,229,136)
Total building and equipment	3,407,943	2,319,347
Bear Creek Land	266,934	266,934
BOW	230,449	230,449
Eastern Star Land	250,817	250,817
Gillig Land	79,137	79,137
Highwater Land	40,133	40,133
Land	867,470	867,470
Total	$ 8,235,389	$ 7,227,144

9. Mineral Properties_ Schedu_2

9. Mineral Properties: Schedule of mineral properties (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Details
Mineral Properties 3	$ 2,371,448	$ 2,007,670
Mineral Properties 1	248,289	248,289
Mineral Properties 2	200,000	200,000
Mineral Properties 6	274,440	274,440
Mineral Properties 7	2,473,066	773,101
Accumulated Amortization of Other Deferred Costs	(55,217)	(48,267)
Mineral properties net	$ 5,512,026	$ 3,455,233

9. Mineral Properties (Details)

9. Mineral Properties (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Capitalized Costs, Proved Properties	$ 26,516		$ 16,330
Payments to Acquire Mineral Rights	2,063,742	$ 747,193
Alder Gulch
Payments to Acquire Mineral Rights	$ 1,699,965

10. Notes Payable_ Schedule o_3

10. Notes Payable: Schedule of Debt (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Details
Notes Payable Current and Noncurrent	$ 1,929,469	$ 1,048,776
Due within one year	645,390	339,704
Due after one year	$ 1,284,079	$ 709,072

10. Notes Payable_ Schedule o_4

10. Notes Payable: Schedule of Maturities of Long-term Debt (Details) - USD ($)	Jun. 30, 2021	Dec. 31, 2020
Details
Notes Payable Current and Noncurrent	$ 1,929,469	$ 1,048,776

11. Small Business Administra_2

11. Small Business Administration Loans and Grant (Details) - USD ($)	May 16, 2020	Apr. 10, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021
Small Business Administration grant income			$ 0	$ 10,000	$ 0	$ 10,000
PPP loan
Proceeds from Loans		$ 358,346
SBA loan
Proceeds from Loans	$ 149,900
Debt Instrument, Increase, Accrued Interest					$ 3,080		$ 6,172

12. Stockholders' Equity (Detai

12. Stockholders' Equity (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2021	Jun. 30, 2020
Issuance of common stock for services	$ 4,200	$ 2,300
Exercise of common stock warrants for cash	50,000
Conversion of convertible debt to common stock	$ 735,000		$ 735,000	$ 0
First quarter
Issuance of common stock for services			10,000
Issuance of common stock for services			$ 2,300
Issuance of common stock for cashless warrant exercise			394,737
Issuance of common stock for cashless warrant exercise			625,000
Issuance of common stock for cashless warrant exercise			$ 150,000
Second quarter
Issuance of common stock for services	15,000
Issuance of common stock for services	$ 4,200
Issuance of common stock for cashless warrant exercise	50,000
Issuance of common stock for cashless warrant exercise	100,000
Issuance of common stock for cashless warrant exercise	$ 14,000
Exercise of common stock warrants for cash, shares	277,778
Conversion of convertible debt to common stock, shares	4,083,333
Conversion of convertible debt to common stock	$ 735,000

12. Stockholders' Equity_ Com_3

12. Stockholders' Equity: Common Stock Purchase Warrant Transactions (Details) - shares	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Details
Class of Warrant or Right, Outstanding	5,697,249		5,975,027	12,900,123
Warrants issued		5,600,027
Warrants Expired		(10,816,789)
Warrants excised	277,778	(1,708,334)

12. Stockholders' Equity_ Com_4

12. Stockholders' Equity: Common Stock Purchase Warrant Expirations (Details) - shares	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2019
Details
Class of Warrant or Right, Outstanding	5,697,249	5,975,027	12,900,123

13. Stock Options (Details)

13. Stock Options (Details) - USD ($)	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2021
Details
Shares Issued, Shares, Share-based Payment Arrangement, before Forfeiture			4,150,000
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture			$ 604,571
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Intrinsic Value	$ 226,250
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageIntrinsicValue		$ 14,000	$ 164,000

13. Stock Options_ Share-base_2

13. Stock Options: Share-based Compensation, Stock Options, Activity (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Details
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	5,525,000		2,100,000	5,262,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ (725,000)	$ (1,150,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	(2,012,500)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures	4,150,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	5,525,000

14. Asset Retirement Obligati_3

14. Asset Retirement Obligation: Schedule of Asset Retirement Obligations (Details) - USD ($)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Details
Balance at beginning of period	$ 175,499	$ 165,724
Asset Retirement Obligation, Period Increase (Decrease)	2,537	2,390
Asset Retirement Obligation	$ 178,036	$ 168,114

15. Convertible Debt (Details)

15. Convertible Debt (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Issuance of convertible debt		$ 1,750,000	$ 885,000
Note payable for equipment purchase	$ 735,000	735,000	0
Notes Payable	1,284,079	$ 1,284,079		$ 709,072
Promissory note 1
Notes Payable			$ 200,000
Shares contingently issuable		5,000,000	500,000
Promissory note 2
Notes Payable	$ 1,750,000	$ 1,750,000
Alder Gulch
Issuance of convertible debt			$ 885,000
Note payable for equipment purchase			$ 735,000
Conversion of convertible debt to common stock, stock			4,083,333

16. Subsequent Events (Details)

16. Subsequent Events (Details)	6 Months Ended
	Jun. 30, 2021
Details
Subsequent Event, Description	In July of 2021 the remaining participant in the first convertible promissory note issuance converted their $100,000 note for 555,556 shares of the Company’s common stock