Summary of Significant Accounting Policies: Mineral Property Costs (Policies)

12 Months Ended

Aug. 31, 2013

Policies

Mineral Property Costs

Mineral Property Costs - The Company is currently in the exploration stage and has not yet realized any significant revenues from its new planned operations of acquiring and exploring oil and gas properties.  Through August 2013, we were primarily engaged in the acquisition and exploration of mining properties.  Mineral property acquisition and exploration costs are expensed as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs then incurred to develop such property are capitalized.  Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.