2.4.0.8007 - Disclosure - 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIEStruefalsefalse1falsefalsefalsec2_From1Jul2012To30Jun2013http://www.sec.gov/CIK0001543395duration2012-07-01T00:00:002013-06-30T00:00:001true1us-gaap_AccountingPoliciesAbstractus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false2us-gaap_SignificantAccountingPoliciesTextBlockus-gaap_truenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1falsefalsefalse00<div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold">2.           SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES</font>
</div><br/><table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">a)    
  </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Basis of
presentation</font> - This summary of significant
accounting policies is presented to assist in
understanding the financial
statements.  The financial statements and
notes are representations of the company's
management, which is responsible for their integrity
and objectivity.  These accounting policies
conform to accounting principles generally accepted
in the United States of America and have been
consistently applied in the preparation of the
financial statements.</font>
</div>
</td>
</tr>
</table><br/><table cellpadding="0" cellspacing="0" id="list-0" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">b)    
  </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Estimates
and Assumptions</font> - The preparation of financial
statements in accordance with accounting principles
generally accepted in the United States of American
requires the use of estimates and assumptions that
affect the reported amounts of assets and liabilities
at the dates of the financial statements, and the
reported amounts of revenues and expenses during the
reporting period.  Actual results could
differ from these estimates and assumptions and could
have a material effect on the Company's reported
financial position and results of operations.</font>
</div>
</td>
</tr>
</table><br/><table cellpadding="0" cellspacing="0" id="list-1" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">c)    
  </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Cash and
cash equivalents</font> - Cash equivalents include
cash on hand and in banks.  The Company
also considers all highly liquid investments with
maturity of three months or less when purchased to be
cash equivalents.</font>
</div>
</td>
</tr>
</table><br/><table cellpadding="0" cellspacing="0" id="list-2" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">d)    
  </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Net
Income (Loss) per Share</font> -Basic EPS is computed
as net income (loss) available to common shareholders
divided by the weighted average number of common
shares outstanding for the period.  As of
June 30, 2013 and 2012, there was no dilution.</font>
</div>
</td>
</tr>
</table><br/><table cellpadding="0" cellspacing="0" id="list-3" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">e)    
  </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Basic
and Diluted Net Earnings (Loss) Per Share-</font> The
Company computes net earnings (loss) per share in
accordance with ASC 260, Earnings per Share which
requires presentation of both basic and diluted
earnings per share (EPS) on the face of the income
statement. Basic EPS is computed by dividing net
income (loss) available to common shareholders
(numerator) by the weighted average number of shares
outstanding (denominator) during the period. Diluted
EPS gives effect to all dilutive potential common
shares outstanding during the period using the
treasury stock method and convertible preferred stock
using the if-converted method. In computing Diluted
EPS, the average stock price for the period is used
in determining the number of shares assumed to be
purchased from the exercise of stock options or
warrants. Diluted EPS excludes all dilutive potential
shares if their effect is anti-dilutive.</font>
</div>
</td>
</tr>
</table><br/><table cellpadding="0" cellspacing="0" id="list-4" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">f)    
  </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Mineral
Property Costs</font>-The Company has been in the
exploration stage since its inception on January 22,
2007 and has not yet realized any revenues from its
planned operations. It is primarily engaged in the
acquisition and exploration of mining properties.
Mineral property exploration costs are expensed as
incurred. Mineral property acquisition costs are
initially capitalized. The Company assesses the
carrying costs for impairment under ASC 360,
Property, Plant, and Equipment at each fiscal quarter
end. 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.</font>
</div>
</td>
</tr>
</table><br/><table cellpadding="0" cellspacing="0" id="list-5" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">g)    
  </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Asset
Retirement Obligations</font>-The Company records the
fair value of an asset retirement obligation as a
liability for closure and removal costs associated
with the legal obligations upon retirement or removal
of any tangible long-lived assets that result from
the acquisition, construction, development and/or
normal use of assets in accordance with ASC 440 Asset
Retirement and Environmental Obligations. The initial
recognition of any liability will be capitalized as
part of the asset cost and depreciated over its
estimated useful life. As at June 30, 2013 and 2012,
the Company has not incurred any asset retirement
obligations.</font>
</div>
</td>
</tr>
</table><br/><table cellpadding="0" cellspacing="0" id="list-6" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: normal">h)</font>    </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Financial
Instruments-</font> ASC 825, Financial Instruments,
requires an entity to maximize the use of observable
inputs and minimize the use of unobservable inputs
when measuring fair value. ASC 825 establishes a fair
value hierarchy based on the level of independent,
objective evidence surrounding the inputs used to
measure fair value. A financial instrument’s
categorization within the fair value hierarchy is
based upon the lowest level of input that is
significant to the fair value measurement. ASC 825
prioritizes the inputs into three levels that may be
used to measure fair value:</font>
</div>
</td>
</tr>
</table><br/><div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 44pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">Level
1 applies to assets or liabilities for which there are quoted
prices in active markets for identical assets or
liabilities.</font>
</div><br/><div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 44pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">Level
2 applies to assets or liabilities for which there are inputs
other than quoted prices that are observable for the asset or
liability such as quoted prices for similar assets or
liabilities in active markets; quoted prices for identical
assets or liabilities in markets with insufficient volume or
infrequent transactions (less active markets); or
model-derived valuations in which significant inputs are
observable or can be derived principally from, or
corroborated by, observable market data.</font>
</div><br/><div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 44pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">Level
3 applies to assets or liabilities for which there are
unobservable inputs to the valuation methodology that are
significant to the measurement of the fair value of the
assets or liabilities.</font>
</div><br/><div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 44pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">The
Company’s financial instruments consist principally of
cash, other assets and accounts payable.</font>
</div><br/><div style="LINE-HEIGHT: 11.4pt; TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 44pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">Pursuant
to ASC 825, the fair value of our cash equivalents is
determined based on “Level 1” inputs, which
consist of quoted prices in active markets for identical
assets. The Company believes that the recorded values of all
of the other financial instruments approximate their current
fair values because of their nature and respective maturity
dates or durations.</font>
</div><br/><table cellpadding="0" cellspacing="0" id="list-7" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">i)    
  </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Stock
Based Compensation</font> - The Company records
stock-based compensation in accordance with ASC 718,
Compensation – Stock Based Compensation, and
ASC 505, Equity based payments to non employees,
using the fair value method. All transactions in
which goods or services are the consideration
received for the issuance of equity instruments are
accounted for based on the fair value of the
consideration received or the fair value of the
equity instrument issued, whichever is more reliably
measurable. Equity instruments issued to employees
and the cost of the services received as
consideration are measured and recognized based on
the fair value of the equity instruments
issued.</font>
</div>
</td>
</tr>
</table><br/><table cellpadding="0" cellspacing="0" id="list-8" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">j)     
 </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Income
Taxes</font> – Potential benefits of income tax
losses are not recognized in the accounts until
realization is more likely than not. The Company has
adopted ASC 740, Income Taxes as of its inception.
Pursuant to ASC 740 the Company is required to
compute tax asset benefits for net operating losses
carried forward. The potential benefits of net
operating losses have not been recognized in these
financial statements because the Company cannot be
assured it is more likely than not it will utilize
the net operating losses carried forward in future
years.</font>
</div>
</td>
</tr>
</table><br/><table cellpadding="0" cellspacing="0" id="list-9" width="100%" style="FONT-FAMILY: times new roman; FONT-SIZE: 11pt; FONT-SIZE: 11pt; FONT-FAMILY: times new roman">
<tr valign="top">
<td align="right" style="WIDTH: 44pt">
<div>
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt">k)     
 </font>
</div>
</td>
<td>
<div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify">
<font style="DISPLAY: inline; FONT-FAMILY: Times New Roman, serif; FONT-SIZE: 10pt"><font style="FONT-STYLE: italic; DISPLAY: inline">Recent
Accounting Pronouncements</font>-The Company has
implemented all new accounting pronouncements that
are in effect and that may impact its financial
statements and does not believe that there are any
other new accounting pronouncements that have been
issued that might have a material impact on its
financial position or results of operations.</font>
</div>
</td>
</tr>
</table><br/>falsefalsefalsenonnum:textBlockItemTypenaThe entire disclosure for all significant accounting policies of the reporting entity.Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790
Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18726-107790
Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 22
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.
Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18861-107790
Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18743-107790
Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18854-107790
false0false2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIESUnKnownUnKnownUnKnownUnKnowntruefalsefalseSheethttp://none/role/2SUMMARYOFSIGNIFICANTACCOUNTINGPOLICIES12