2. Summary of Significant Accounting Policies: Fair Value Measurements (Policies)

3 Months Ended

Mar. 31, 2017

Policies

Fair Value Measurements

Fair Value Measurements

The Company discloses the following information for each class of assets and liabilities that are measured at fair value:

1.      The fair value measurement;

2.      The level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets or liabilities (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3);

3.      For fair value measurements using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes during the period attributable to the following:

a.       total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings, and a description of where those gains or losses included in earnings are reported in the statement of operations;

b.      the amount of these gains or losses attributable to the change in unrealized gains or losses relating to those assets or liabilities still held at the reporting period date and a description of where those unrealized gains or losses are reported;

c.       purchases, sales, issuances, and settlements (net); and

d.      transfers into and/or out of Level 3

4.      The amount of the total gains or losses for the period included in earnings that are attributable to the change in unrealized gains or losses relating to those assets and liabilities still held at the reporting date and a description of where those unrealized gains or losses are reported in the statement of operations; and

5.      In annual periods only, the valuation technique(s) used to measure fair value and a discussion of changes in valuation techniques, if any, during the period.

At March 31, 2017 and December 31, 2016, the Company determined fair value on a recurring basis and non-recurring basis as follows:

	Balance March 31, 2017	Balance December 31, 2016	Fair Value Hierarchy level
Assets:
Cash and cash equivalents	$     37,814	$      30,080	1
Liabilities
Recurring: Notes payable in    gold (Note 6)	$ (431,571)	$ (412,261)	2