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NOTE 3 - MINERAL RIGHTS
12 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
NOTE 3 - MINERAL RIGHTS

 

NOTE 3 – MINERAL RIGHTS

 

In February 2016, the Company paid $20,108 to lease 960 acres in the Rocky Mountain range located in the state of Colorado for a 1-year term. The Company will need to initiate drilling on this property during the 1-year lease term to continue the lease on the property. Annually, the mineral rights are tested for impairment.

 

In May 2016, the Company paid $8,510 to lease an additional 3,290 acres in the Rocky Mountain range located in the state of Colorado for a 1-year term. The Company will need to initiate drilling on this property during the 1-year lease term to continue the lease on the property.