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Mineral property rights
3 Months Ended
Dec. 31, 2014
Notes to Financial Statements  
Note 3 - Mineral property rights

On December 20, 2011, the Company purchased a 100% interest in the Leomary Gold Claim (“Leomary”) consisting of 4,500 mining hectors located in the province of Monseñor Nouelan, municipality of Bonao, for the sum of $13,000. At the end of September 2014, the Director of Mining for the Dominican Republic cancelled the Company’s interest in the Leomary Gold Claim which resulted in the Company having no mineral claim for future exploration. The Company is seeking another mineral claim either in the Dominican Republic or elsewhere. To date the Company has paid $5,000 towards the purchase of a new mineral claim which has not yet been identified. It is estimates that the total cost will be approximately $5,000.

 

The acquisition costs of $13,000 of the Company’s former claim, the Leomary, have been impaired and expensed as of September 30, 2012.