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Note 5. Mining Claims
12 Months Ended
May 31, 2016
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, in both the U.S. and Mexico, 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 were realized from this activity during the years ended May 31, 2014 and 2015.  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.

 

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.