Desert Hawk Gold (DHGC) 10-Q 8 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 07, 2023
Document Information Line Items
Entity Registrant Name	Desert Hawk Gold Corp.
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		26,831,603
Amendment Flag	false
Entity Central Index Key	0001168081
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Document Period End Date	Jun. 30, 2023
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q2
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Quarterly Report	true
Document Transition Report	false
Entity File Number	333-169701
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	82-0230997
Entity Address, Address Line One	1290 Holcomb Ave
Entity Address, City or Town	Reno
Entity Address, State or Province	NV
Entity Address, Postal Zip Code	89502
City Area Code	(775)
Local Phone Number	337-8057
Entity Interactive Data Current	Yes

Condensed Interim Balance Sheet

Condensed Interim Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
CURRENT ASSETS
Cash and cash equivalents	$ 284,611	$ 581,022
Inventories (NOTE 4)	2,421,388	3,544,071
Prepaid expenses and other current assets	51,034	50,523
TOTAL CURRENT ASSETS	2,757,033	4,175,616
PROPERTY AND EQUIPMENT, net (NOTE 5)	4,177,645	4,368,398
MINERAL PROPERTIES AND INTERESTS, net (NOTE 6)	3,632,912	3,616,493
RECLAMATION BONDS (NOTE 3)	1,595,206	1,591,547
TOTAL ASSETS	12,162,796	13,752,054
CURRENT LIABILITIES:
Accounts payable and accrued liabilities	256,119	159,741
Royalties and upside participation payable (NOTE 7)	3,321,662	2,843,091
Accrued interest, prepaid forward gold contract (NOTE 7)	1,277,003	640,742
Accrued liabilities – officers and other wages (NOTES 11 and 12)	147,159	137,159
Notes payable, current portion (NOTE 8)		58,061
Settlement of consulting contract payable (NOTE 10)	200,000	200,000
Prepaid forward gold contract liability (NOTE 7)	3,110,445	5,841,383
Due in lieu of gold deliveries (NOTE 7)	18,143,000	13,419,500
TOTAL CURRENT LIABILITIES	26,455,388	23,299,677
LONG-TERM LIABILITIES
Asset retirement obligation (NOTE 9)	1,593,431	1,496,434
TOTAL LONG-TERM LIABILITIES	1,593,431	1,496,434
TOTAL LIABILITIES	28,048,819	24,796,111
COMMITMENTS AND CONTINGENCIES (NOTES 6, 7 AND 12)
STOCKHOLDERS’ EQUITY (DEFICIT)
Preferred Stock, $.001 par value; 10,000,000 shares authorized, none issued or outstanding
Common Stock, $.001 par value; 100,000,000 shares authorized; 26,831,603 and 26,831,603 shares issued and outstanding, respectively	26,833	26,833
Additional paid-in capital	9,666,275	9,666,275
Accumulated deficit	(25,579,131)	(20,737,165)
TOTAL STOCKHOLDERS’ EQUITY (DEFICIT)	(15,886,023)	(11,044,057)
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	$ 12,162,796	$ 13,752,054

Condensed Interim Balance She_2

Condensed Interim Balance Sheets (Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common Stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	26,831,603	26,831,603
Common stock, shares outstanding	26,831,603	26,831,603

Condensed Interim Statements of

Condensed Interim Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
REVENUE
Concentrate sales	$ 909,838	$ 1,242,095	$ 1,648,121	$ 2,035,029
Contract processing income		497,241		971,429
Total revenue	909,838	1,739,336	1,648,121	3,006,458
OPERATING EXPENSES
General production and project costs	1,520,479	1,422,412	2,901,261	2,650,138
Contract processing costs		30,509		71,214
Depreciation and amortization	174,411	179,433	337,595	494,121
Other operating costs	131,203	148,815	197,687	263,730
Legal and professional	32,068	23,150	98,678	90,921
Officers and directors’ fees	89,259	84,658	181,282	172,547
General and administrative	66,230	69,121	136,513	180,901
Loss on disposal of equipment	14,927	18,468	9,258	18,468
Forward gold contract expense (NOTE 7)	1,109,228	883,333	1,992,562	1,459,777
TOTAL OPERATING EXPENSES	3,137,805	2,859,899	5,854,836	5,401,817
LOSS FROM OPERATIONS	(2,227,967)	(1,120,563)	(4,206,715)	(2,395,359)
OTHER INCOME (EXPENSE)
Interest and other income	2,269	30	3,659	56
Interest expense – equipment financing		(5,224)	(1,399)	(11,515)
Interest expense - other	(352,839)	(176,808)	(637,511)	(232,974)
TOTAL OTHER INCOME (EXPENSE)	(350,570)	(182,002)	(635,251)	(244,433)
NET LOSS BEFORE INCOME TAX	(2,578,537)	(1,302,565)	(4,841,966)	(2,639,792)
Provision (benefit) for income tax
NET LOSS	$ (2,578,537)	$ (1,302,565)	$ (4,841,966)	$ (2,639,792)
Basic and diluted loss per share (in Dollars per share)	$ (0.1)	$ (0.05)	$ (0.18)	$ (0.1)
Basic and diluted weighted average number of shares outstanding (in Shares)	26,831,603	26,831,603	26,831,603	26,831,603

Condensed Interim Statements _2

Condensed Interim Statements of Operations (Unaudited) (Parentheticals) - $ / shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Basic and diluted loss per share (in Dollars per share)	$ (0.10)	$ (0.05)	$ (0.18)	$ (0.10)
Basic and diluted weighted average number of shares outstanding (in Shares)	26,831,603	26,831,603	26,831,603	26,831,603

Condensed Interim Statement of

Condensed Interim Statement of Changes in Stockholders’ Equity (Deficit) (Unaudited) - USD ($)	Common Stock	Additional Paid in Capital	Accumulated Deficit	Total
BALANCE at Dec. 31, 2021	$ 26,833	$ 9,666,275	$ (14,247,760)	$ (4,554,652)
BALANCE (in Shares) at Dec. 31, 2021	26,831,603
Net loss			(1,337,227)	(1,337,227)
BALANCE at Mar. 31, 2022	$ 26,833	9,666,275	(15,584,987)	(5,891,879)
BALANCE (in Shares) at Mar. 31, 2022	26,831,603
BALANCE at Dec. 31, 2021	$ 26,833	9,666,275	(14,247,760)	(4,554,652)
BALANCE (in Shares) at Dec. 31, 2021	26,831,603
Net loss				(2,639,792)
BALANCE at Jun. 30, 2022	$ 26,833	9,666,275	(16,887,552)	(7,194,444)
BALANCE (in Shares) at Jun. 30, 2022	26,831,603
BALANCE at Mar. 31, 2022	$ 26,833	9,666,275	(15,584,987)	(5,891,879)
BALANCE (in Shares) at Mar. 31, 2022	26,831,603
Net loss			(1,302,565)	(1,302,565)
BALANCE at Jun. 30, 2022	$ 26,833	9,666,275	(16,887,552)	(7,194,444)
BALANCE (in Shares) at Jun. 30, 2022	26,831,603
BALANCE at Dec. 31, 2022	$ 26,833	9,666,275	(20,737,165)	(11,044,057)
BALANCE (in Shares) at Dec. 31, 2022	26,831,603
Net loss			(2,263,429)	(2,263,429)
BALANCE at Mar. 31, 2023	$ 26,833	9,666,275	(23,000,594)	(13,307,486)
BALANCE (in Shares) at Mar. 31, 2023	26,831,603
BALANCE at Dec. 31, 2022	$ 26,833	9,666,275	(20,737,165)	(11,044,057)
BALANCE (in Shares) at Dec. 31, 2022	26,831,603
Net loss				(4,841,966)
BALANCE at Jun. 30, 2023	$ 26,833	9,666,275	(25,579,131)	(15,886,023)
BALANCE (in Shares) at Jun. 30, 2023	26,831,603
BALANCE at Mar. 31, 2023	$ 26,833	9,666,275	(23,000,594)	(13,307,486)
BALANCE (in Shares) at Mar. 31, 2023	26,831,603
Net loss			(2,578,537)	(2,578,537)
BALANCE at Jun. 30, 2023	$ 26,833	$ 9,666,275	$ (25,579,131)	$ (15,886,023)
BALANCE (in Shares) at Jun. 30, 2023	26,831,603

Condensed Interim Statements _3

Condensed Interim Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (4,841,966)	$ (2,639,792)
Adjustments to reconcile net loss to net cash provided (used) by operating activities
Depreciation and amortization	337,595	494,121
Accretion of asset retirement obligation	74,819	67,071
Write down of inventory to net realizable value	1,618,700	1,235,568
Loss on disposal of equipment	9,258	18,468
Forward gold contract expense (NOTE 7)	1,992,562	1,459,777
Changes in operating assets and liabilities:
Accounts receivable		233,309
Inventories	(496,017)	(228,486)
Prepaid expenses and other current assets	(511)	(3,130)
Accounts payable and accrued liabilities	96,377	(126,343)
Royalties and upside participation payable (NOTE 7)	478,571	544,905
Accrued interest, prepaid forward gold contract (NOTE 7)	636,261	232,516
Accrued liabilities – officer and other wages	10,000	16,000
Net cash provided (used) by operating activities	(84,351)	1,303,984
CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property and equipment	(163,340)	(117,880)
Proceeds from sale of equipment	13,000	45,000
Increase in reclamation bonds	(3,659)	(89,056)
Net cash used by investing activities	(153,999)	(161,936)
CASH FLOWS FROM FINANCING ACTIVITIES:
Payment of notes payable	(58,061)	(400,321)
Net cash used by financing activities	(58,061)	(400,321)
Net increase (decrease) in cash and cash equivalents	(296,411)	741,727
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD	581,022	424,629
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 284,611	$ 1,166,356

Organization and Description of

Organization and Description of Business	6 Months Ended
	Jun. 30, 2023
Organization and Description Of Business [Abstract]
ORGANIZATION AND DESCRIPTION OF BUSINESS	NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS Desert Hawk Gold Corp. (the “Company”), a Nevada Corporation, was incorporated on November 5, 1957. The Company commenced its current mining activities on May 1, 2009. During the year ended December 31, 2009, the Company entered into Joint Venture Agreements with the Clifton Mining Company (“Clifton”), the Woodman Mining Company and the Moeller Family Trust for the lease of certain of their property interests in the Gold Hill Mining District of Utah. In 2011, the Company entered into an agreement with DMRJ Group, (a Platinum Partners related entity), which allowed for long term funding of the Kiewit project and helped to provide cash flow for operations during the period from 2009 until 2014 while the permitting process was ongoing. The final permit needed to begin development of the Kiewit property was received in January 2014 and development began in February 2014. Construction at the site was substantially complete on September 30, 2014. Revenue from the heap leach operation began in October 2014 with the first sales of gold concentrate.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Summary of Signification Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES In the opinion of management, the accompanying unaudited condensed financial statements contain all adjustments, consisting of normal recurring adjustments, necessary for a fair statement of the results for the interim periods reported. The condensed balance sheet at December 31, 2022 was derived from audited annual financial statements but does not contain all of the footnote disclosures from the annual financial statements. Operating results for the six-month period ended June 30, 2023 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2023. These unaudited condensed interim financial statements have been prepared by management in accordance with generally accepted accounting principles used in the United States of America (“U.S. GAAP”). These unaudited condensed interim financial statements should be read in conjunction with the annual audited financial statements included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 filed with the Securities and Exchange Commission on March 30, 2023. This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to U.S. GAAP and have been consistently applied in the preparation of the financial statements. Reclassifications Certain reclassifications have been made to conform prior periods’ amounts to the current presentation. These reclassifications have no effect on the results of operations, stockholders’ equity (deficit), and cash flows as previously reported. Earnings (Loss) Per Share Basic earnings (loss) per share includes no dilution and is computed by dividing net earnings (loss) available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company. For the three- and six-months ended June 30, 2023 and 2022, common stock equivalents of nil Going Concern As shown in the accompanying financial statements, the Company had an accumulated deficit of $25,579,131 through June 30, 2023 and net loss of $4,841,966 for the six-month period ended June 30, 2023, along with negative working capital of $26,698,355 which raises substantial doubt about the Company’s ability to continue as a going concern. In addition, the Company has not delivered gold ounces as scheduled on its prepaid forward gold contract and could be subject to default provisions within the related agreement (see Note 7). The condensed interim financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence. Although production restarted in 2019, it has not yet reached optimum levels. The timing and amount of capital requirements will depend on a number of factors, including demand for products, metals market pricing, and the availability of opportunities for expansion through affiliations and other business relationships. Management continues to seek new capital from equity securities issuances or other business arrangements to provide funds needed to increase liquidity, fund internal growth, and fully implement its business plan. The ability of the Company to continue as a going concern is dependent on the Company’s ability to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they are due. New Accounting Pronouncements Accounting standards that have been issued or proposed by the Financial Accounting Standards Board (“FASB”) that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption.

Reclamation Bonds

Reclamation Bonds	6 Months Ended
	Jun. 30, 2023
Reclamation Bonds [Abstract]
RECLAMATION BONDS	NOTE 3 – RECLAMATION BONDS At June 30, 2023 and December 31, 2022, reclamation bonds totaled $1,595,206 and $1,591,547, respectively, associated with estimated reclamation costs for its mineral properties. The totals at both dates include a surety bond of $674,000 with a bonding company for reclamation of its mineral property. This escrowed amount is held at Bank of New York, Mellon for the Company’s benefit. It may not be released to the Company without the prior consent of the surety bondholder. The escrowed amount does not earn interest. The remaining balances of $921,206 and $917,547, respectively, are held as certificate of deposits by the Utah Department of Natural Resources.

Inventories

Inventories	6 Months Ended
	Jun. 30, 2023
Inventories [Abstract]
INVENTORIES	NOTE 4 – INVENTORIES Inventories at June 30, 2023 and December 31, 2022 consists of the following: June 30, December 31, 2023 2022 Ore on leach pad $ 2,066,495 $ 3,266,091 Carbon column in process 105,178 163,619 Finished goods 249,715 114,361 Total $ 2,421,388 $ 3,544,071 Inventories at June 30, 2023 and December 31, 2022 were valued at net realizable value because production costs were greater than the net realizable value. The net realizable value adjustment to inventory, which is included in general production and projects costs on the statement of operations was $1,618,700 and $1,235,568 for the six month periods ended June 30, 2023 and 2022, respectively.

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2023
Property and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE 5 - PROPERTY AND EQUIPMENT The following is a summary of property and equipment at June 30, 2023 and December 31, 2022: June 30, December 31, 2023 2022 Equipment $ 6,579,157 $ 6,528,497 Furniture and fixtures 6,981 6,981 Electronic and computer equipment 50,587 50,587 Vehicles 417,667 369,595 Buildings 100,000 100,000 Land and improvements 98,121 105,299 7,252,513 7,160,959 Less accumulated depreciation (4,680,959 ) (4,401,690 ) 2,571,554 2,759,269 Kiewit property facilities 2,497,436 2,497,436 Less accumulated amortization (891,345 ) (888,307 ) 1,606,091 1,609,129 Total $ 4,177,645 $ 4,368,398 For the Kiewit property facilities, amortization based on total units of production was $3,038 and $6,617 for the three-months ended June 30, 2023 and 2022, respectively. For the Kiewit property facilities, amortization based on total units of production was $3,038 and $77,481 for the six-months ended June 30, 2023 and 2022, respectively. There was no production for the three months ended March 31, 2023. Depreciation expense on property and equipment for the three-months ended June 30, 2023 and 2022 was $165,614 and $160,274 respectively. Depreciation expense on property and equipment for the six-months ended June 30, 2023 and 2022 was $328,798 and $352,842, respectively.

Mineral Properties and Interest

Mineral Properties and Interests	6 Months Ended
	Jun. 30, 2023
Mineral Properties and Interests [Abstract]
MINERAL PROPERTIES AND INTERESTS	NOTE 6 – MINERAL PROPERTIES AND INTERESTS Mineral properties and interests as of June 30, 2023 and December 31, 2022 are as follows: June 30, December 31, 2023 2022 Kiewit and all other sites $ 3,700,000 $ 3,700,000 JJS property 250,000 250,000 3,950,000 3,950,000 Less accumulated amortization (856,805 ) (852,000 ) 3,093,195 3,098,000 Asset retirement obligation assets Kiewit Site 747,300 725,122 Kiewit Exploration 28,377 28,377 JJS property 31,016 31,016 Total 806,693 784,515 Less accumulated amortization (266,976 ) (266,022 ) 539,717 518,493 Total $ 3,632,912 $ 3,616,493 Amortization of the mineral properties and interests based on total units of production was $5,759 and $12,543 for the three months ended June 30, 2023 and 2022, respectively. Amortization of the mineral properties and interests based on total units of production was $5,759 and $63,159 for the six months ended June 30, 2023 and 2022, respectively. The Company is required to pay a 4% net smelter royalty (“NSR”) to Qenta, Inc. (“Qenta”) on revenues of gold and silver from the Kiewit gold property and the JJS properties. See Note 7.

Prepaid Forward Gold Contract L

Prepaid Forward Gold Contract Liability	6 Months Ended
	Jun. 30, 2023
Prepaid Forward Gold Contract Liability [Abstract]
PREPAID FORWARD GOLD CONTRACT LIABILITY	NOTE 7 – PREPAID FORWARD GOLD CONTRACT LIABILITY In 2019, the Company entered into and closed a Pre-Paid Forward Gold Purchase Agreement (the “Purchase Agreement”) with PDK Utah Holdings, LP (“PDK”) for the sale and purchase by PDK of gold produced from the Company’s mining property. Under the terms of the Purchase Agreement, as amended, PDK agreed to purchase a total of 47,045 ounces of gold from the Company. The Company agreed to deliver ounces of gold produced from the Kiewit property to PDK and the Company would then receive proceeds from PDK at the then current spot price less a discount specified in the Purchase Agreement. The Company has the option of paying cash for the number of ounces scheduled to be delivered each month at a rate of $500 per ounce. The Company received a net amount of $13,600,000 in 2019 for the future delivery of these gold ounces. In February 2023, PDK sold their position in the Purchase Agreement to Qenta, Inc. (“Qenta”) Under the terms of the Purchase Agreement, as amended, the Company is obligated to deliver gold in the following quantities: Months Gold Ounces Total Gold December 2020 655 655 January 2021 to March 2021 896 2,688 April 2021 to March 2022 911 10,932 April 2022 to March 2023 1,396 16,752 April 2023 to December 2023 1,753 15,777 January 2024 241 241 47,045 In addition, under the Purchase Agreement, Qenta may reduce the required number of ounces to be sold in exchange for up to 8,000 common shares of the Company. To date, this option has not been elected. As security for the obligations of the Company under the Purchase Agreement, the Company has granted a security interest in all of the assets of the Company. The Purchase Agreement contains representations and warranties, as well as affirmative and negative covenants customary to a transaction of this nature. To date, no gold has been delivered under the contract. As of June 30, 2023 and December 31, 2022, a cumulative of 36,286 and 26,839 ounces, respectively, were scheduled to be delivered under the terms of the Purchase Agreement. The ounces due but unpaid at June 30, 2023 and December 31, 2022 have been reflected in “Due in lieu of gold deliveries” on the balance sheet based on the Company’s option to pay cash in lieu of delivery at $500 per ounce. The forward gold contract balance as of June 30, 2023 and December 31, 2022 is as follows: June 30, December 31, 2023 2022 Total ounces to be delivered 36,286 26,839 Contractual payment per ounce in lieu of delivery $ 500 $ 500 Amount due in lieu of gold deliveries $ 18,143,000 $ 13,419,500 For the three months ended June 30, 2023 and 2022, the activity related to the forward gold contract is as follows: Three months ended 2023 2022 Prepaid forward gold contract liability balance at beginning of period $ 4,630,717 $ 9,473,382 Forward gold contract balance associated with ounces to be delivered during period 1,109,228 883,333 Reduction in prepaid forward gold contract liability balance (2,629,500 ) (2,094,000 ) Prepaid forward gold contract liability balance at end of period $ 3,110,445 $ 8,262,715 Six months ended 2023 2022 Prepaid forward gold contract liability balance at beginning of period $ 5,841,383 $ 10,263,438 Forward gold contract balance associated with ounces to be delivered during period 1,992,562 1,459,777 Reduction in prepaid forward gold contract liability balance (4,723,500 ) (3,460,500 ) Prepaid forward gold contract liability balance at end of period $ 3,110,445 $ 8,262,715 As of June 30, 2023, and through the issuance of these financial statements, the Company has received invoices for the deliveries and payments due. The failure to make gold deliveries and make additional payments as described below provides Qenta with certain remedies, including termination of the agreement, demand for early payment of the entire delivery obligations, and enforcement of foreclosure rights against the assets pledged as security under the agreement. Due to the delinquent status of the deliveries and Qenta’s rights under the default provisions of the Purchase Agreement, the Company has classified the entire liability balance owing as current on the balance sheets. The Company’s management has been in discussions with Qenta regarding the status of the Purchase Agreement. To date, Qenta has not exercised its rights of default as defined in the agreement nor has it indicated plans to do so. In addition to the delivery of gold ounces, the Purchase Agreement contains a royalty provision whereby royalties of 4% are due on gold and silver recovered from mining operations at the Kiewit site and sold by the Company to a third party. Under the Purchase Agreement, the Company also accrues a 5% withholding tax to the state of Utah on the royalty payments. Royalties are payable within 30 days following the end of each fiscal quarter. To date, none of the royalty has been paid. The Purchase Agreement contains a participation payment whereby Qenta receives a portion of the proceeds from gold sold by the Company to a third party. The payment due is based upon a percentage of proceeds over a set gold price per ounce. The upside participation amounts are payable within four days following each sale. To date, none has been paid. The Purchase Agreement provides for the Company to pay default interest (calculated at the rate of LIBOR plus 2%) on outstanding amounts due. To date, none has been paid. The following is a summary of royalties, upside participation and interest payable: June 30, December 31, 2023 2022 Royalties payable $ 675,033 $ 585,536 Royalties withholding payable 35,549 30,820 Upside participation payable 2,611,080 2,226,735 Subtotal 3,321,662 2,843,091 Accrued interest, prepaid forward gold contract 1,277,003 640,742 Total $ 4,598,665 $ 3,483,833

Notes Payable

Notes Payable	6 Months Ended
	Jun. 30, 2023
Notes Payable [Abstract]
NOTES PAYABLE	NOTE 8 – NOTES PAYABLE The following is a summary of the notes payable: December 31, 2022 Note payable to Epiroc, collateralized by a used Epiroc drill due in 36 monthly payments of $14,679 including interest at 5.2%. 58,061 58,061 Current portion (58,061 ) Long term portion $ - During the six months ended June 30, 2023, the Company paid the remaining note payable balance of $58,061.

Asset Retirement Obligation

Asset Retirement Obligation	6 Months Ended
	Jun. 30, 2023
Asset Retirement Obligation [Abstract]
ASSET RETIREMENT OBLIGATION	NOTE 9 –ASSET RETIREMENT OBLIGATION Changes in the asset retirement obligation for the three months ended June 30, 2023 and 2022 are as follows: Three months ended 2023 2022 Asset retirement obligation, beginning of period $ 1,556,021 $ 1,395,830 Accretion expense 37,410 33,535 Asset retirement obligation, end of period $ 1,593,431 $ 1,429,365 Six months ended 2023 2022 Asset retirement obligation, beginning of period $ 1,496,434 $ 1,362,294 Increase due to change in estimated costs 22,178 - Accretion expense 74,819 67,071 Asset retirement obligation, end of period $ 1,593,431 $ 1,429,365 In the first quarter of 2023, the Company updated its estimate for reclamation and closure costs of the mine at the end of its life based on an expanded permit and bonding requirement finalized in December 31, 2022. The updated estimate was $2,557,553 on an undiscounted cash flow basis, an increase of $1,020,553 from the previous plan. The estimated reclamation costs were discounted using credit adjusted, risk-free interest rate of 11% from the time we incurred the obligation to the time we expect to pay the retirement obligation. During the six months ended June 30, 2023, asset retirement obligation and the associated retirement asset of $22,178 was recognized for the disturbance that occurred in that period.

Settlement of Consulting Contra

Settlement of Consulting Contract	6 Months Ended
	Jun. 30, 2023
Settlement of Consulting Contract [Abstract]
SETTLEMENT OF CONSULTING CONTRACT	NOTE 10 – SETTLEMENT OF CONSULTING CONTRACT On March 29, 2018, the Company entered into a five-year Agency Agreement (the “Agency Agreement”) with H&H Metals Corp., a New York corporation (“H&H”). Under the terms of the Agency Agreement, H&H agreed to provide certain advisory services in regard to natural resources activities and to assist in securing purchasers for minerals produced from its mining properties. The Company negotiated a settlement in 2019 with H&H resulting in the Company owing a balance of $200,000 due in July 2020 to H&H. This payment has not yet been paid and is classified as a current liability at both June 30, 2023 and December 31, 2022.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 11 – RELATED PARTY TRANSACTIONS The Company has a month-to-month lease agreement for its office space with RMH Overhead, LLC (“RMH”), a company owned by Rick Havenstrite, the Company’s President and a director. The Company recognized rent expense of $4,500 and $4,500 for three months ended June 30, 2023 and 2022. The Company recognized rent expense of $9,000 and $9,000 for six months ended June 30, 2023 and 2022. The Company rents a haul truck from RMH at a current rate of $7,500 per month on a month-to-month basis. Rent expense of $22,500 and $30,000 was recognized during the three months ended June 30, 2023 and 2022, respectively. Rent expense of $42,500 and $55,000 was recognized during the six months ended June 30, 2023 and 2022, respectively. At June 30, 2023 and December 31, 2022, $7,500 and $ Nil Employment Agreements The Company has an employment agreement with Mr. Havenstrite as President of the Company, which is ongoing. The agreement, as amended, requires Mr. Havenstrite to meet certain time requirements and limits the number of other board member obligations in which he can participate. The agreement allows for a base annual salary of $144,000 plus an auto allowance and certain performance compensation upon fulfillment of established goals. The agreement allows the board of directors to terminate Mr. Havenstrite’s employment at any time, providing for a severance payment upon termination without cause. The amounts accrued at June 30, 2023 and December 31, 2022 is due to the officers of the Company as follows: June 30, December 31, 2023 2022 Rick Havenstrite, President $ 37,697 $ 37,697 Marianne Havenstrite, Treasurer and Principal Financial Officer 18,462 18,462 Total $ 56,159 $ 56,159 Directors’ fees The Company compensates independent directors for their contributions to the management of the Company, with one director receiving fees of $6,000 per month and another director receiving $5,000 per quarter. At June 30, 2023 and December 31, 2022, accrued compensation due to directors was $91,000 and $81,000 respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 12– COMMITMENTS AND CONTINGENCIES In addition to commitments disclosed in Notes 6 and 7, the Company had the following commitments and contingencies. Personal property tax and other accrued liabilities Personal property tax for Tooele County, Utah, is billed and becomes due on November 30 of each year. At June 30, 2023 and December 31, 2022, the amount due to Tooele County is $ Nil Mining Leases Annual claim fees are currently $165 per claim plus administrative and school trust land fees. For the three- and six-months ended June 30, 2023 and 2022, claims’ fees paid were $ Nil Nil

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2023
Capital Stock [Abstract]
CAPITAL STOCK	NOTE 13 – CAPITAL STOCK Common Stock The Company is authorized to issue 100,000,000 shares of common stock. All shares have equal voting rights and have one vote per share. Voting rights are not cumulative and, therefore, the holders of more than 50% of the common stock could, if they choose to do so, elect all of the directors of the Company. During the three- and six-months ended June 30, 2023 and 2022, the Company had no transactions relating to common stock. Preferred Stock The Company’s Articles of Incorporation authorized 10,000,000 shares of $0.001 par value Preferred Stock available for issuance with such rights and preferences, including liquidation, dividend, conversion, and voting rights, as the Board of Directors may determine.

Stock Options

Stock Options	6 Months Ended
	Jun. 30, 2023
Stock Options [Abstract]
STOCK OPTIONS	NOTE 14 – STOCK OPTIONS The Company had reserved 2,400,000 shares under its 2018 Stock Incentive Plan (the “Plan”). The Plan was adopted by the board of directors on March 28, 2018, retroactive to February 23, 2018, as a vehicle for the recruitment and retention of qualified employees, officers, directors, consultants, and other service providers. The Plan is administered by the Board of Directors. The Company may issue, to eligible persons, restricted common stock, incentive and non-statutory options, stock appreciation rights and restricted stock units. The terms and conditions of awards under the Plan will be determined by the Board of Directors. Outstanding and vested options at June 30, 2023 and December 31, 2022 were Nil

Revenue

Revenue	6 Months Ended
	Jun. 30, 2023
Revenues [Abstract]
REVENUE	NOTE 15 – REVENUE Product sales for three months ended June 30, 2023 and 2022, are shown below: Three months ended 2023 2022 Concentrate sales $ $ Gold 1,215,724 1,627,611 Silver 25,829 20,724 Total concentrate sales 1,241,553 1,648,335 Deductions to concentrate sales Royalties (52,276 ) (69,404 ) Upside participation payments (219,437 ) (266,503 ) Outside processing (60,002 ) (70,333 ) Subtotal – deductions to concentrate sales (331,715 ) (406,240 ) Net concentrate sales 909,838 1,242,095 Net processing income - 497,241 TOTAL REVENUE $ 909,838 $ 1,739,336 Product sales for six months ended June 30, 2023 and 2022, are shown below: Six months ended 2023 2022 Concentrate sales $ $ Gold 2,194,921 2,671,540 Silver 42,495 34,852 Total concentrate sales 2,237,416 2,706,392 Deductions to concentrate sales Royalties (94,207 ) (113,953 ) Upside participation payments (384,344 ) (433,115 ) Outside processing (110,744 ) (124,295 ) Subtotal – deductions to concentrate sales (589,295 ) (671,363 ) Net concentrate sales 1,648,121 2,035,029 Net processing income - 971,429 TOTAL REVENUE $ 1,648,121 $ 3,006,458 For the three months ended June 30, 2023 and 2022, all revenues from concentrate sale were from concentrate sold to Asahi Refining. Contract processing income is proceeds received for ore processed for another company. The contract agreement with the outside company for which we were processing material was terminated in October 2022.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	6 Months Ended
	Jun. 30, 2023
Summary of Signification Accounting Policies [Abstract]
Reclassifications	Reclassifications Certain reclassifications have been made to conform prior periods’ amounts to the current presentation. These reclassifications have no effect on the results of operations, stockholders’ equity (deficit), and cash flows as previously reported.
Earnings (Loss) Per Share	Earnings (Loss) Per Share Basic earnings (loss) per share includes no dilution and is computed by dividing net earnings (loss) available to common shareholders by the weighted average common shares outstanding for the period. Diluted earnings per share reflect the potential dilution of securities that could share in the earnings of the Company. For the three- and six-months ended June 30, 2023 and 2022, common stock equivalents of nil
Going Concern	Going Concern As shown in the accompanying financial statements, the Company had an accumulated deficit of $25,579,131 through June 30, 2023 and net loss of $4,841,966 for the six-month period ended June 30, 2023, along with negative working capital of $26,698,355 which raises substantial doubt about the Company’s ability to continue as a going concern. In addition, the Company has not delivered gold ounces as scheduled on its prepaid forward gold contract and could be subject to default provisions within the related agreement (see Note 7). The condensed interim financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence. Although production restarted in 2019, it has not yet reached optimum levels. The timing and amount of capital requirements will depend on a number of factors, including demand for products, metals market pricing, and the availability of opportunities for expansion through affiliations and other business relationships. Management continues to seek new capital from equity securities issuances or other business arrangements to provide funds needed to increase liquidity, fund internal growth, and fully implement its business plan. The ability of the Company to continue as a going concern is dependent on the Company’s ability to generate profitable operations in the future and/or to obtain the necessary financing to meet its obligations and repay its liabilities arising from normal business operations when they are due.
New Accounting Pronouncements	New Accounting Pronouncements Accounting standards that have been issued or proposed by the Financial Accounting Standards Board (“FASB”) that do not require adoption until a future date are not expected to have a material impact on the financial statements upon adoption.

Inventories (Tables)

Inventories (Tables)	6 Months Ended
	Jun. 30, 2023
Schedule of Inventories [Abstract]
Schedule of Inventories	Inventories at June 30, 2023 and December 31, 2022 consists of the following June 30, December 31, 2023 2022 Ore on leach pad $ 2,066,495 $ 3,266,091 Carbon column in process 105,178 163,619 Finished goods 249,715 114,361 Total $ 2,421,388 $ 3,544,071

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2023
Property and Equipment [Abstract]
Schedule of Property and Equipment	The following is a summary of property and equipment at June 30, 2023 and December 31, 2022: June 30, December 31, 2023 2022 Equipment $ 6,579,157 $ 6,528,497 Furniture and fixtures 6,981 6,981 Electronic and computer equipment 50,587 50,587 Vehicles 417,667 369,595 Buildings 100,000 100,000 Land and improvements 98,121 105,299 7,252,513 7,160,959 Less accumulated depreciation (4,680,959 ) (4,401,690 ) 2,571,554 2,759,269 Kiewit property facilities 2,497,436 2,497,436 Less accumulated amortization (891,345 ) (888,307 ) 1,606,091 1,609,129 Total $ 4,177,645 $ 4,368,398

Mineral Properties and Intere_2

Mineral Properties and Interests (Tables)	6 Months Ended
	Jun. 30, 2023
Mineral Properties and Interests [Abstract]
Schedule of Mineral Properties and Interests	Mineral properties and interests as of June 30, 2023 and December 31, 2022 are as follows June 30, December 31, 2023 2022 Kiewit and all other sites $ 3,700,000 $ 3,700,000 JJS property 250,000 250,000 3,950,000 3,950,000 Less accumulated amortization (856,805 ) (852,000 ) 3,093,195 3,098,000 Asset retirement obligation assets Kiewit Site 747,300 725,122 Kiewit Exploration 28,377 28,377 JJS property 31,016 31,016 Total 806,693 784,515 Less accumulated amortization (266,976 ) (266,022 ) 539,717 518,493 Total $ 3,632,912 $ 3,616,493

Prepaid Forward Gold Contract_2

Prepaid Forward Gold Contract Liability (Tables)	6 Months Ended
	Jun. 30, 2023
Prepaid Forward Gold Contract Liability [Abstract]
Schedule of Company is Obligated to Deliver Gold	Under the terms of the Purchase Agreement, as amended, the Company is obligated to deliver gold in the following quantities: Months Gold Ounces Total Gold December 2020 655 655 January 2021 to March 2021 896 2,688 April 2021 to March 2022 911 10,932 April 2022 to March 2023 1,396 16,752 April 2023 to December 2023 1,753 15,777 January 2024 241 241 47,045
Schedule of Related Contract Expense	June 30, December 31, 2023 2022 Total ounces to be delivered 36,286 26,839 Contractual payment per ounce in lieu of delivery $ 500 $ 500 Amount due in lieu of gold deliveries $ 18,143,000 $ 13,419,500 Three months ended 2023 2022 Prepaid forward gold contract liability balance at beginning of period $ 4,630,717 $ 9,473,382 Forward gold contract balance associated with ounces to be delivered during period 1,109,228 883,333 Reduction in prepaid forward gold contract liability balance (2,629,500 ) (2,094,000 ) Prepaid forward gold contract liability balance at end of period $ 3,110,445 $ 8,262,715 Six months ended 2023 2022 Prepaid forward gold contract liability balance at beginning of period $ 5,841,383 $ 10,263,438 Forward gold contract balance associated with ounces to be delivered during period 1,992,562 1,459,777 Reduction in prepaid forward gold contract liability balance (4,723,500 ) (3,460,500 ) Prepaid forward gold contract liability balance at end of period $ 3,110,445 $ 8,262,715
Schedule of Royalties, Upside Participation and Interest Payable	June 30, December 31, 2023 2022 Royalties payable $ 675,033 $ 585,536 Royalties withholding payable 35,549 30,820 Upside participation payable 2,611,080 2,226,735 Subtotal 3,321,662 2,843,091 Accrued interest, prepaid forward gold contract 1,277,003 640,742 Total $ 4,598,665 $ 3,483,833

Notes Payable (Tables)

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Payable [Abstract]
Schedule of Notes Payable	The following is a summary of the notes payable December 31, 2022 Note payable to Epiroc, collateralized by a used Epiroc drill due in 36 monthly payments of $14,679 including interest at 5.2%. 58,061 58,061 Current portion (58,061 ) Long term portion $ -

Asset Retirement Obligation (Ta

Asset Retirement Obligation (Tables)	6 Months Ended
	Jun. 30, 2023
Asset Retirement Obligation [Abstract]
Schedule of Asset Retirement Obligations	Changes in the asset retirement obligation for the three months ended June 30, 2023 and 2022 are as follows: Three months ended 2023 2022 Asset retirement obligation, beginning of period $ 1,556,021 $ 1,395,830 Accretion expense 37,410 33,535 Asset retirement obligation, end of period $ 1,593,431 $ 1,429,365 Six months ended 2023 2022 Asset retirement obligation, beginning of period $ 1,496,434 $ 1,362,294 Increase due to change in estimated costs 22,178 - Accretion expense 74,819 67,071 Asset retirement obligation, end of period $ 1,593,431 $ 1,429,365

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2023
Related Party Transactions (Tables) [Line Items]
Schedule of Amounts Accrued	The amounts accrued at June 30, 2023 and December 31, 2022 is due to the officers of the Company as follows: June 30, December 31, 2023 2022 Rick Havenstrite, President $ 37,697 $ 37,697 Marianne Havenstrite, Treasurer and Principal Financial Officer 18,462 18,462 Total $ 56,159 $ 56,159

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2023
Revenues [Abstract]
Schedule of Product Sales	Product sales for three months ended June 30, 2023 and 2022, are shown below Three months ended 2023 2022 Concentrate sales $ $ Gold 1,215,724 1,627,611 Silver 25,829 20,724 Total concentrate sales 1,241,553 1,648,335 Deductions to concentrate sales Royalties (52,276 ) (69,404 ) Upside participation payments (219,437 ) (266,503 ) Outside processing (60,002 ) (70,333 ) Subtotal – deductions to concentrate sales (331,715 ) (406,240 ) Net concentrate sales 909,838 1,242,095 Net processing income - 497,241 TOTAL REVENUE $ 909,838 $ 1,739,336 Six months ended 2023 2022 Concentrate sales $ $ Gold 2,194,921 2,671,540 Silver 42,495 34,852 Total concentrate sales 2,237,416 2,706,392 Deductions to concentrate sales Royalties (94,207 ) (113,953 ) Upside participation payments (384,344 ) (433,115 ) Outside processing (110,744 ) (124,295 ) Subtotal – deductions to concentrate sales (589,295 ) (671,363 ) Net concentrate sales 1,648,121 2,035,029 Net processing income - 971,429 TOTAL REVENUE $ 1,648,121 $ 3,006,458

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2023	Jun. 30, 2022
Summary of Signification Accounting Policies [Abstract]
Outstanding stock options were excluded (in Shares)			2,400,000
Accumulated deficit	$ 25,579,131	$ 25,579,131
Net loss		4,841,966
Working capital	$ 26,698,355	$ 26,698,355

Reclamation Bonds (Details)

Reclamation Bonds (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Reclamation Bonds (Details) [Line Items]
Surety bond in escrow account	$ 674,000	$ 674,000
Deposits	921,206	917,547
Mineral [Member]
Reclamation Bonds (Details) [Line Items]
Reclamation costs	$ 1,595,206	$ 1,591,547

Inventories (Details)

Inventories (Details) - USD ($)	Jun. 30, 2023	Jun. 30, 2022
Inventories [Abstract]
General production and project costs	$ 1,618,700	$ 1,235,568

Inventories (Details) - Schedul

Inventories (Details) - Schedule of Inventories - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Schedule of Inventories [Abstract]
Ore on leach pad	$ 2,066,495	$ 3,266,091
Carbon column in process	105,178	163,619
Finished goods	249,715	114,361
Total	$ 2,421,388	$ 3,544,071

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Property and Equipment [Abstract]
Amortization expense	$ 3,038	$ 6,617	$ 3,038	$ 77,481
Depreciation expense	$ 165,614	$ 160,274	$ 328,798	$ 352,842

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of Property and Equipment - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Schedule of Property and Equipment [Line Items]
Property and equipment, Net total	$ 4,177,645	$ 4,368,398
Property and Equipment [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment, Gross	7,252,513	7,160,959
Less accumulated depreciation	(4,680,959)	(4,401,690)
Property and equipment, Net total	2,571,554	2,759,269
Equipment [Member] | Property and Equipment [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment, Gross	6,579,157	6,528,497
Furniture and fixtures [Member] | Property and Equipment [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment, Gross	6,981	6,981
Electronic and computer equipment [Member] | Property and Equipment [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment, Gross	50,587	50,587
Vehicles [Member] | Property and Equipment [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment, Gross	417,667	369,595
Buildings [Member] | Property and Equipment [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment, Gross	100,000	100,000
Land and improvements [Member] | Property and Equipment [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment, Gross	98,121	105,299
Kiewit property facilities [Member] | Property and Equipment [Member]
Schedule of Property and Equipment [Line Items]
Property and equipment, Gross	2,497,436	2,497,436
Less accumulated depreciation	(891,345)	(888,307)
Property and equipment, Net total	$ 1,606,091	$ 1,609,129

Mineral Properties and Intere_3

Mineral Properties and Interests (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Mineral Properties and Interests [Abstract]
Amortization of the mineral properties	$ 5,759	$ 12,543	$ 5,759	$ 63,159
Smelter royalty			4%

Mineral Properties and Intere_4

Mineral Properties and Interests (Details) - Schedule of Mineral Properties and Interests - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Schedule of Mineral Properties and Interests [Abstract]
Kiewit and all other sites	$ 3,700,000	$ 3,700,000
JJS property	250,000	250,000
Total	3,950,000	3,950,000
Less accumulated amortization	(856,805)	(852,000)
Total	3,093,195	3,098,000
Asset retirement obligation assets
Kiewit Site	747,300	725,122
Kiewit Exploration	28,377	28,377
JJS property	31,016	31,016
Total	806,693	784,515
Less accumulated amortization	(266,976)	(266,022)
Mineral properties after accumulated depletion	539,717	518,493
Total	$ 3,632,912	$ 3,616,493

Prepaid Forward Gold Contract_3

Prepaid Forward Gold Contract Liability (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2019
Prepaid Forward Gold Contract Liability (Details) [Line Items]
Purchased shares	47,045
Per Ounce Rate amount	$ 500	$ 500
Common shares	8,000
Cumulative	36,286	26,839
PDK [Member]
Prepaid Forward Gold Contract Liability (Details) [Line Items]
Per Ounce Rate amount			$ 500
Received net amount			$ 13,600,000
Purchase agreement, description	In addition to the delivery of gold ounces, the Purchase Agreement contains a royalty provision whereby royalties of 4% are due on gold and silver recovered from mining operations at the Kiewit site and sold by the Company to a third party. Under the Purchase Agreement, the Company also accrues a 5% withholding tax to the state of Utah on the royalty payments. Royalties are payable within 30 days following the end of each fiscal quarter.

Prepaid Forward Gold Contract_4

Prepaid Forward Gold Contract Liability (Details) - Schedule of Company is Obligated to Deliver Gold	Jun. 30, 2023
Prepaid Forward Gold Contract Liability (Details) - Schedule of Company is Obligated to Deliver Gold [Line Items]
Total Gold Ounces	47,045
December 2020 [Member]
Prepaid Forward Gold Contract Liability (Details) - Schedule of Company is Obligated to Deliver Gold [Line Items]
Gold Ounces per Month	655
Total Gold Ounces	655
January 2021 to March 2021 [Member]
Prepaid Forward Gold Contract Liability (Details) - Schedule of Company is Obligated to Deliver Gold [Line Items]
Gold Ounces per Month	896
Total Gold Ounces	2,688
April 2021 to March 2022 [Member]
Prepaid Forward Gold Contract Liability (Details) - Schedule of Company is Obligated to Deliver Gold [Line Items]
Gold Ounces per Month	911
Total Gold Ounces	10,932
April 2022 to March 2023 [Member]
Prepaid Forward Gold Contract Liability (Details) - Schedule of Company is Obligated to Deliver Gold [Line Items]
Gold Ounces per Month	1,396
Total Gold Ounces	16,752
April 2023 to December 2023 [Member]
Prepaid Forward Gold Contract Liability (Details) - Schedule of Company is Obligated to Deliver Gold [Line Items]
Gold Ounces per Month	1,753
Total Gold Ounces	15,777
January 2024 [Member]
Prepaid Forward Gold Contract Liability (Details) - Schedule of Company is Obligated to Deliver Gold [Line Items]
Gold Ounces per Month	241
Total Gold Ounces	241

Prepaid Forward Gold Contract_5

Prepaid Forward Gold Contract Liability (Details) - Schedule of Related Contract Expense - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Schedule Of Related Contract Expense Abstract
Total ounces to be delivered	$ 36,286		$ 36,286		$ 26,839
Contractual payment per ounce in lieu of delivery			500		500
Amount due in lieu of gold deliveries	18,143,000		18,143,000		$ 13,419,500
Prepaid forward gold contract liability balance at beginning of period	4,630,717	$ 9,473,382	5,841,383	$ 10,263,438
Forward gold contract balance associated with ounces to be delivered during period	1,109,228	883,333	1,992,562	1,459,777
Reduction in prepaid forward gold contract liability balance	(2,629,500)	(2,094,000)	(4,723,500)	(3,460,500)
Prepaid forward gold contract liability balance at end of period	$ 3,110,445	$ 8,262,715	$ 3,110,445	$ 8,262,715

Prepaid Forward Gold Contract_6

Prepaid Forward Gold Contract Liability (Details) - Schedule of Royalties, Upside Participation and Interest Payable - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Schedule of Royalties Upside Participation And Interest Payable [Abstract]
Royalties payable	$ 675,033	$ 585,536
Royalties withholding payable	35,549	30,820
Upside participation payable	2,611,080	2,226,735
Subtotal	3,321,662	2,843,091
Accrued interest, prepaid forward gold contract	1,277,003	640,742
Total	$ 4,598,665	$ 3,483,833

Notes Payable (Details)

Notes Payable (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Notes Payable [Abstract]
Note payable	$ 58,061

Notes Payable (Details) - Sched

Notes Payable (Details) - Schedule of Notes Payable	Jun. 30, 2023 USD ($)
Schedule of notes payable [Abstract]
Note payable to Epiroc, collateralized by a used Epiroc drill due in 36 monthly payments of $14,679 including interest at 5.2%.	$ 58,061
Total Principal amount	58,061
Current portion	(58,061)
Long term portion

Notes Payable (Details) - Sch_2

Notes Payable (Details) - Schedule of Notes Payable (Parentheticals)	6 Months Ended
	Jun. 30, 2023 USD ($)
Schedule of notes payable [Abstract]
Number of due	36
Monthly payments (in Dollars)	$ 14,679
Interest rate percentage	5.20%

Asset Retirement Obligation (De

Asset Retirement Obligation (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)
Asset Retirement Obligation [Abstract]
Estimate value	$ 2,557,553
Increase estimate value	$ 1,020,553
Risk-free interest rate	11%
Asset retirement obligation	$ 22,178

Asset Retirement Obligation (_2

Asset Retirement Obligation (Details) - Schedule of Asset Retirement Obligations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Schedule of Asset Retirement Obligations [Abstract]
Asset retirement obligation, beginning of period	$ 1,556,021	$ 1,395,830	$ 1,496,434	$ 1,362,294
Increase due to change in estimated costs			22,178
Accretion expense	37,410	33,535	74,819	67,071
Asset retirement obligation, end of period	$ 1,593,431	$ 1,429,365	$ 1,593,431	$ 1,429,365

Settlement of Consulting Cont_2

Settlement of Consulting Contract (Details)	Mar. 29, 2018 USD ($)
Settlement of Consulting Contract [Abstract]
Owing balance	$ 200,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Related Party Transactions (Details) [Line Items]
Rent expense	$ 4,500	$ 4,500	$ 9,000	$ 9,000
Current rate rent	7,500		7,500
Accounts payable	7,500		7,500
Accrued expenses
Base annual salary			144,000
One Director [Member]
Related Party Transactions (Details) [Line Items]
Fees received			6,000
Another Director [Member]
Related Party Transactions (Details) [Line Items]
Fees received			5,000
Director [Member]
Related Party Transactions (Details) [Line Items]
Accrued compensation	91,000		91,000		$ 81,000
RMH Overhead, LLC (“RMH”) [Member]
Related Party Transactions (Details) [Line Items]
Rent expense	$ 22,500	$ 30,000	$ 42,500	$ 55,000

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of Amounts Accrued - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Schedule of Amounts Accrued [Line Items]
Total	$ 56,159	$ 56,159
Rick Havenstrite, President [Member]
Schedule of Amounts Accrued [Line Items]
Total	37,697	37,697
Marianne Havenstrite, Treasurer and Principal Financial Officer [Member]
Schedule of Amounts Accrued [Line Items]
Total	$ 18,462	$ 18,462

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Commitments and Contingencies (Details) [Line Items]
Claim fees
Tooele County [Member]
Commitments and Contingencies (Details) [Line Items]
Amount due		$ 33,027
Mining Lease [Member]
Commitments and Contingencies (Details) [Line Items]
Annual claims fees	$ 165

Capital Stock (Details)

Capital Stock (Details) - $ / shares	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Capital Stock [Abstract]
Common stock shares, authorized	100,000,000	100,000,000
Common stock, voting rights	All shares have equal voting rights and have one vote per share
Cumulative percentage	50%
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001

Stock Options (Details)

Stock Options (Details) - $ / shares	6 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2018
Stock Options (Details) [Line Items]
Outstanding and vested options		2,400,000
Exercise price (in Dollars per share)	$ 0.4
Stock Incentive Plan [Member]
Stock Options (Details) [Line Items]
Reserved shares			2,400,000

Revenue (Details) - Schedule of

Revenue (Details) - Schedule of Product Sales - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Concentrate sales
Total concentrate sales	$ 1,241,553	$ 1,648,335	$ 2,237,416	$ 2,706,392
Deductions to concentrate sales
Royalties	(52,276)	(69,404)	(94,207)	(113,953)
Upside participation payments	(219,437)	(266,503)	(384,344)	(433,115)
Outside processing	(60,002)	(70,333)	(110,744)	(124,295)
Subtotal – deductions to concentrate sales	(331,715)	(406,240)	(589,295)	(671,363)
Net concentrate sales	909,838	1,242,095	1,648,121	2,035,029
Net processing income		497,241		971,429
TOTAL REVENUE	909,838	1,739,336	1,648,121	3,006,458
Gold [Member]
Concentrate sales
Total concentrate sales	1,215,724	1,627,611	2,194,921	2,671,540
Silver [Member]
Concentrate sales
Total concentrate sales	$ 25,829	$ 20,724	$ 42,495	$ 34,852