Mineral Property Expenditures

9 Months Ended

Sep. 30, 2015

Mineral Property Expenditures

Mineral Property Expenditures

6. MINERAL PROPERTY EXPENDITURES

Mineral property expenditures for the three and nine months ended September 30, 2015 and 2014 are as follows:

	For the three months ending September 30,				For the nine months ending September 30,
	2015		2014		2015		2014
	(in thousands)
Restoration/Recovery expenses
Kingsville Dome Project	$	-	$	-	$	-	$	328
Rosita Project		14		131		57		131
Vasquez Project		-		-		-		26
Total restoration/recovery expenses		14		131		57		485
Standby care and maintenance expenses
Kingsville Dome Project		153		210		433		502
Rosita Project		113		20		301		258
Vasquez Project		105		93		314		245
Total standby care and maintenance expenses		371		323		1,048		1,005
Exploration and evaluation costs		193		-		599		-
Land maintenance and holding costs		342		533		1,317		1,439
Total mineral property expenses	$	920	$	987	$	3,021	$	2,929

Butler Ranch Data Purchase

On July 7, 2015, the Company acquired an extensive data set containing historical mineral resource estimates as well as over 2,000 drill logs, geologic and other data for the Butler Ranch Project. The data set was prepared by Conoco, the former project operator, and was acquired from a private party for $150,000.