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MINERAL CLAIM INTEREST
6 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
MINERAL CLAIM INTEREST

 

4. MINERAL CLAIM INTEREST

 

On May 9, 2006, the Company acquired, from a private company controlled by an officer/shareholder of the Company, a 100% interest in three contiguous mineral claims (later amalgamated into one mineral claim) encompassing over 800 hectares in the Cariboo Mining Division, British Columbia, Canada, for consideration of a cash payment of $10,000. During the fiscal year 2010, the Company’s mineral claim interest was expired and lapsed. Currently, the Company is in the process of locating other mineral claim interests for its planned business operations.