XML 16 R6.htm IDEA: XBRL DOCUMENT v3.21.2
Unaudited Condensed Interim Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
CASH FLOWS USED IN OPERATIONS OPERATING ACTIVITIES          
Net loss $ (340,186) $ (232,858) $ (464,269) $ (359,759) $ (860,557)
Adjustments for non-cash items:          
Loss on impairment of mineral rights 120,000 145,000 120,000 160,000  
Interest on shareholder loans     13,078 8,620  
Stock based compensation     85,000 120,000  
Issuance of Common shares for services (Note 6)     570,000  
Adjustments for changes in working capital:          
Accounts receivable and other assets     (2,052) (3,628)  
Prepaid expenses     (366,662)  
Accounts payable and accrued liabilities     (22,952) (770)  
Due on mineral rights     1,070 (1,059)  
NET CASH USED IN OPERATING ACTIVITIES     (66,787) (76,596)  
FINANCING ACTIVITIES          
Advances from stockholders (Note 4)     55,000 55,000  
Advances from Private placement (Note 6)     10,000  
Issuance of Preferred shares (Note 6)     3,691  
NET CASH PROVIDED BY FINANCING ACTIVITIES     65,000 58,691  
INVESTING ACTIVITIES          
Mineral rights      
NET CASH USED IN INVESTING ACTIVITIES      
EFFECT OF EXCHANGE RATE CHANGES ON CASH     9,792 6,191  
NET (DECREASE) INCREASE IN CASH     8,005 (11,714)  
CASH, BEGINNING OF YEAR     3,716 14,211 14,211
CASH, END OF YEAR $ 11,721 $ 2,497 11,721 2,497 $ 3,716
SUPPLEMENTARY CASH FLOW INFORMATION          
Income taxes paid      
Interest paid      
Stock issuances to acquire mineral properties     $ 120,000 $ 160,000