| Mineral Properties |
9. Mineral Properties Mineral properties at June 30, 2025 and December 31, 2024 consisted of the following: | | June 30, 2025 | | | December 31, 2024 | | Golden Chest | | | | | | | Mineral Property | | $ | 5,159,084 | | | $ | 5,159,084 | | Infrastructure | | | 5,835,040 | | | | 4,722,328 | | Total Golden Chest | | | 10,994,124 | | | | 9,881,412 | | | | | | | | | | | New Jersey | | | 256,768 | | | | 256,768 | | McKinley-Monarch | | | 200,000 | | | | 200,000 | | Potosi | | | 150,385 | | | | 150,385 | | Park Copper/Gold | | | 78,000 | | | | 78,000 | | Eastern Star | | | 250,817 | | | | 250,817 | | Oxford | | | 40,000 | | | | 40,000 | | Accumulated Amortization | | | (371,927 | ) | | | (284,033 | ) | | | | | | | | | | Total | | $ | 11,598,167 | | | $ | 10,573,349 | |
For the three and six-month periods ended June 30, 2025 and 2024, amortization expense for mineral properties was as follows. June 30, 2025 | | | June 30, 2024 | | Three Months | | | Six Months | | | Three Months | | | Six Months | | | $ | 53,555 | | | $ | 87,894 | | | $ | 24,332 | | | $ | 49,495 | |
For the three and six-month periods ended June 30, 2025 and 2024, interest expense was capitalized in association with infrastructure at the Golden Chest Mine as follows. June 30, 2025 | | | June 30, 2024 | | Three Months | | | Six Months | | | Three Months | | | Six Months | | | $ | 52,552 | | | $ | 95,939 | | | $ | 23,797 | | | $ | 43,174 | |
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