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Note 5. Mining Claims
12 Months Ended
May. 31, 2015
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.  Mining began in June 2013 on a claim acquired by AIVN de Mexico and sales of $54,887 were realized from this activity during the current year, and sales of $228,709 were realized during the prior year..  Licensing problems with this mine occurred early in 2014 and mining was suspended.  Resolution of these problems is expected shortly at which time the Company will resume mining at this claim.

 

 

 

 

 

 

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

 

 

 

 

Bull Frog (Gold Valley)

Unpatented

100

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

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.