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Note 5. Mining Claims
12 Months Ended
May 31, 2013
Notes  
Note 5. Mining Claims

Note 5. MINING CLAIMS

 

The main activity of the Company will be the exploitation of mineral resources from its mining claims. Since its inception, the Company has acquired mining claims, listed below, and is currently exploring these claims and expects to begin exploiting them during the next year.  The current exploitation efforts are focused on mining claims in Mexico, which were leased in January and March, 2013.   

 

 

 

 

 

 

Mine

Type

Acres

Acquisition Date

Capatola

Patented

15.5

3/8/12

Capatola

Unpatented

40

3/8/12

Stud #1 #2

Unpatented

41.3

3/14/12

TNT #1 & #2

Unpatented

41.3

3/14/12

El Tule Canyon

Unpatented

3,070

3/14/12

Bull Frog (Gold Valley)

Unpatented

100

3/2/12

Gypsy

Unpatented

160

3/2/12

Hot Springs

Unpatented

80

3/2/12

Reward Monster

Unpatented

80

3/2/12

Virgilia

Patented

60

3/2/12

Indian Mines

Patented

122

3/14/12

Placeritas

Unpatented

480

4/30/12

Turner Ranch (Bull Frog #2)

Patented

39.3

4/30/12

American Metallic

Unpatented

20.7

5/9/12

Bullfrog #3

Unpatented

80

5/15/12

Golden Eagle

Patented

702.3

6/3/12

Golden Eagle

Unpatented

40

6/3/12

North Star

Unpatented

40

8/2/12

 

 

Title to the 40 acre North Star claim has not been perfected.   The Company is pursuing the matter through legal means and expects resolution shortly.  As noted above, this claim was acquired August 2, 2012 in return for 50,000 shares of Company common stock, valued at $21,500.