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Note 2 - Investment in Mining Rights
12 Months Ended
Dec. 31, 2012
Notes  
Note 2 - Investment in Mining Rights

NOTE 2 – INVESTMENT IN MINING RIGHTS

 

It is the Company’s policy to capitalize engineering costs associated with a project that is put under contract and amortize it over the life of the project.  The Company will complete an impairment analysis at the end of each year.  During 2012 and 2011, the Company had mining development and engineering expenses related to research of new projects of $106,592 and $932,850, respectively.