Dakota Territory Resource (DTRC) 10-Q 13 Feb 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Dec. 31, 2013	Feb. 12, 2014
Document and Entity Information	'	'
Entity Registrant Name	'DAKOTA TERRITORY RESOURCE CORP	'
Document Type	'10-Q	'
Document Period End Date	31-Dec-13	'
Amendment Flag	'false	'
Entity Central Index Key	'0001182737	'
Current Fiscal Year End Date	'--03-31	'
Entity Common Stock, Shares Outstanding	'	47,047,376
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Dec. 31, 2013	Mar. 31, 2013
Current Assets	'	'
Cash	$61,968	$68,121
Prepaid expenses	2,834	9,208
Total current assets	64,802	77,329
Other assets	2,833	9,208
Mineral properties	150,000	150,000
Total Assets	217,635	236,537
LIABILITIES AND STOCKHOLDERS' DEFICIT	'	'
Accounts payable and accrued liabilities	274,990	238,140
Accounts payable, related party	334,288	225,020
Line of credit	29,011	31,069
Notes payable	305,550	305,550
Convertible note payable	100,000	100,000
Total current liabilities	1,043,839	899,779
Note payable to related party	265,000	265,000
Total liabilities	1,308,839	1,164,779
Stockholders' Deficit	'	'
Preferred stock, $0.001 par value; 10,000,000 shares authorized, no shares issued and outstanding as of December 31, 2013 and March 31, 2013, respectively	0	0
Common stock, $0.001 par value, 300,000,000 shares authorized, 47,047,376 and 41,334,876 shares issued and outstanding, as of December 31, 2013 and March 31, 2013, respectively	47,047	41,335
Additional paid-in capital	-87,455	-463,118
Deficit accumulated during the exploration stage	-1,050,796	-505,583
Accumulated other comprehensive loss	0	-876
Total stockholders' deficit	-1,091,204	-928,242
Total Liabilities and Stockholders' Deficit	$217,635	$236,537

BALANCE_SHEETS_PARENTHETICALS

BALANCE SHEETS PARENTHETICALS (USD $)	Dec. 31, 2013	Mar. 31, 2013
stockholders equity par value	'	'
Common stock par value	$0.00	$0.00
Common stock shares authorized	300,000,000	300,000,000
Common stock shares issued	47,047,376	47,047,376
Common stock shares outstanding	41,334,876	41,334,876
Preferred stock par value	$0.00	$0.00
Preferred stock shares authorized	10,000,000	10,000,000
Preferred stock shares issued	0	0
Preferred stock shares outstanding	0	0

STATEMENTS_OF_OPERATIONS

STATEMENTS OF OPERATIONS (USD $)	9 Months Ended		33 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
OPERATING EXPENSES	'	'	'
Depreciation and amortization	$6,375	$1,417	$2,125
Impairment loss	0	0	0
Exploration costs	28,055	0	8,250
General and administrative	486,591	192,868	113,722
Total operating expenses	521,021	194,285	124,097
LOSS FROM OPERATIONS	-521,021	-194,285	-124,097
OTHER INCOME (EXPENSES)	'	'	'
Gain on debt extinquishment	0	0	0
Interest expense	-23,316	-21,959	-7,800
Total other income (expense)	-23,316	-21,959	-7,800
NET LOSS	($544,337)	($216,244)	($131,897)
Net loss per share: basic and diluted	($0.01)	($0.01)	$0
Weighted average common shares outstanding - Basic and diluted	45,109,100	32,825,275	46,207,159

STATEMENTS_OF_CASH_FLOWS

STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended		33 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Cash Flows From Operating Activities	'	'	'
Net loss	($544,337)	($216,244)	($1,050,796)
Adjustments to reconcile net loss to net cash:	'	'	'
Depreciation and amortization expense	6,375	1,417	9,917
Shares issued for services	156,375	78,303	283,259
Impairment loss	0	0	61,629
Amortization of debt discount	0	555	15,556
Loss on debt extinquishment	0	0	-17,361
Changes in current assets and current liabilities:	'	'	'
Prepaid expenses	6,374	-1,181	9,916
Accounts payable & accrued liabilities	36,850	43,991	-130,216
Accounts payable, related party	109,268	0	334,288
Net cash used in operating activities	-229,095	-93,159	-483,808
Cash Flows From Financing Activities:	'	'	'
Proceeds from the issuance of common stock	225,000	190,000	550,000
Proceeds from (repayments of) line of credit	-2,058	-513	-4,224
Net cash provided by financing activities	222,942	189,487	545,776
Net change in cash	-6,153	96,328	61,968
Effect of foreign currency exchange	0	-875	0
Cash and Cash Equivalents, Beginning of Period	68,121	6,361	0
Cash and Cash Equivalents, End of Period	61,968	101,814	61,968
Supplemental Disclosure of Noncash Transactions	'	'	'
Interest paid	0	0	0
Taxes paid	0	0	0
Receivables increased by reorganization	0	1,807	0
Accounts payable and accrued liability increased by reorganization	0	1,058,254	1,058,254
Due to related party increased by reorganization	0	22,500	0
Line of credit increased by reorganization	0	33,235	33,235
Note payable increased by reorganization	0	570,550	570,550
Additional paid in capital decreased by reorganization	0	0	1,711,707
Convertible notes payable increased by reorganization	0	104,445	100,000
Common stock issued for convertible debt	0	5,519	20,520
Common stock issued for settlement of debt	0	21,116	21,116
Common stock issued for mineral properties	0	0	150,000
Common stock issued for prepaid expense and other assets	0	150,000	25,500
Forgiveness of related party debt	$0	$0	$617,455

Basis_of_Presentation

Basis of Presentation	9 Months Ended
	Dec. 31, 2013
Basis of Presentation:	'
Basis of Presentation	'
	Note 1 – Basis of Presentation
	The accompanying unaudited interim financial statements of Dakota Territory Resource Corp. (“we”, “us”, “our”, the “Company”, the “Corporation”) have been prepared in accordance with accounting principles generally accepted in the United States of America and the rules of the Securities and Exchange Commission (“SEC”), and should be read in conjunction with the audited financial statements and notes thereto contained in our annual report on Form 10-K, for the year ended March 31, 2013 as filed with the SEC. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the interim periods presented have been reflected herein. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year. Notes to the financial statements which would substantially duplicate the disclosures contained in the audited financial statements for the most recent fiscal year ended March 31, 2013 as reported in our annual report on Form 10-K, have been omitted.
	The Company’s absence of revenues, recurring losses from operations, and its need for significant additional financing in order to fund its projected loss in 2014 raise substantial doubt about its ability to continue as a going concern.  The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Related_Party_Transactions

Related Party Transactions	9 Months Ended
	Dec. 31, 2013
Related Party Transactions:	'
Related Party Transactions	'
	Note 2  Related Party Transactions
	Effective October 1, 2005, we began paying a management consulting fee to Minera Teles Pires Inc., a company controlled by the President and director of the Company.  The agreement provides a fixed fee of $10,000 per month of which $5,000 is paid and the other $5,000 deferred until financing is obtained by us.  Additionally, the agreement provides for a payment of $1,500 per month for office rent and expenses.  On March 27, 2013, Minera Teles Pires, Inc. agreed to a re-structure of the amounts due under the agreement and agreed to forgive a total of $522,579.  This amount was recorded to additional paid in capital. During the nine months ended December 31, 2013, we incurred approximately $103,500 in management fees and rent from Minera Teles Pires Inc.  As of December 31, 2013, we owed Minera Teles Pires approximately $188,000 for management fees and out of pocket expenses.
	Effective February 24, 2012, we began paying consulting fees to Jerikodie, Inc., a company controlled by our Vice President and a director of the Company.  The agreement provides a fixed fee of $9,000 per month plus approved expenses.  During the nine months ended December 31, 2013, we incurred approximately $81,000 in consulting fees from Jerikodie, Inc.  As of December 31, 2013, we owed Jerikodie, Inc. approximately $135,000 for consulting fees and out of pocket expenses.
	On October 3, 2012 we entered into a consulting agreement with, and issued 500,000 shares to, our Director, Gerry Berg, at a price of $0.02 per share for a total of $10,000.  The Company has also agreed to issue up to an additional 200,000 shares, at a price of $0.02 per share for a total of $4,000, subject to a vesting schedule which begins January 2, 2013 and ends December 31, 2013, based on the amount of time served.  For the nine months ended December 31, 2013, we issued 150,000 shares to Mr. Berg as stock based compensation valued at $3,000.

Mineral_Properties

Mineral Properties	9 Months Ended
	Dec. 31, 2013
Mineral Properties	'
Mineral Properties	'
	Note 3    Mineral Properties
	On September 26, 2012, we re-organized with North Homestake Mining Company.  With this re-organization, we acquired 84 unpatented lode mining claims covering approximately 1,600 acres known as the Blind Gold Property located in the Black Hills of South Dakota.
	On December 28, 2012 we acquired 57 unpatented lode mining claims covering approximately 835 acres known as the West False Bottom Creek and Paradise Gulch Claim Group, the City Creek Claims Group, and the Homestake Paleoplacer Claims Group, all located in the Black Hills of South Dakota.  The purchase price was 1,000,000 restricted common shares valued at $0.15 per share or $150,000.
	We plan to commence an exploratory program on these mineral properties as soon as financing can be arranged.
		December 31,		March 31,
		2013		2013
	Capitalized costs	$	150,000	$	150,000
	Accumulated amortization		-		-
	Impairment		-		-
	Capitalized costs, net	$	150,000	$	150,000

Promissory_Notes_Payable

Promissory Notes Payable	9 Months Ended
	Dec. 31, 2013
Promissory Notes Payable:	'
Promissory Notes Payable	'
	Note 4    Notes Payable
	The following notes payable are unsecured and bear interest at 5% per annum.  They are due on demand:
	Date	Maturity	Interest rate	Principal		Interest		Total
	15-Nov-05	On demand	5% per annum	$	82,775	$	33,654	$	116,429
	1-Dec-05	On demand	5% per annum	$	18,800	$	7,602	$	26,402
	6-Jan-06	On demand	5% per annum	$	100,000	$	39,945	$	139,945
	14-Jul-06	On demand	5% per annum	$	103,975	$	38,841	$	142,816
	Total			$	305,550	$	120,042	$	425,592
	Note Payable to Related Party
	We had 11 notes payable to our President pursuant to advances which had historically been made by the President.  The notes were dated between March 2011 and August 2012, were unsecured, ranged in amount from $10,000 to $50,000, and bore interest at 12% per annum.  These notes   were re-structured and combined on March 27, 2013 into a single promissory note payable (the “New Note”).  In conjunction with this restructuring, the President forgave accrued interest totalling $57,817 (recorded as an equity transaction).  The New Note is unsecured, has a principal amount of $265,000, and bears interest at 4% per annum. We will apply 10% of the gross proceeds from any equity financing in an amount exceeding $0.5 million (whether one or more transactions) from and after the date hereof to prepay principal and accrued interest. All remaining unpaid principal and interest is due March 27, 2016.
	As of December 31, 2013, the balance of the promissory note payable amounted to $265,000.

Convertible_Note_Payable

Convertible Note Payable	9 Months Ended
	Dec. 31, 2013
Convertible Note Payable:	'
Convertible Notes Payable	'
	Note 5    Convertible Note Payable
	On August 14, 2008, we executed a 5% convertible note of $100,000 that was due August 13, 2010.  The note is now in default. The note may be converted from time to time, all or any part of the principal plus any unpaid accrued interest ($27,264 as of December 31, 2013) thereof into common stock of the Company at a conversion price per share equal to the greater of i) the closing market price per share of the common stock on the trading day immediately preceding the date of conversion as quoted on the OTC-BB or such other exchange upon which the Company’s shares are then listed or traded, or ii) $200 per share ($20.00 per share after adjustment due to 1 for 200 reverse stock split; $200 per share after a further adjustment due to a 1 for 10 reverse stock split).  The conversion price shall be subject to adjustments.  The minimum amount to be converted is $10,000.  As of December 31, 2013, this note is outstanding.

Line_of_Credit

Line of Credit	9 Months Ended
	Dec. 31, 2013
Line of Credit:	'
Line of Credit	'
	Note 6  Line of Credit
	We executed a Line of Credit with Wells Fargo Bank in California.  The Line of Credit allows us to borrow up to $35,000.  The balance of this Line of Credit at December 31, 2013 was approximately $29,000.

Common_Stock

Common Stock	9 Months Ended
	Dec. 31, 2013
Common Stock:	'
Common Stock	'
	Note 7    Common Stock
	Our authorized capital stock consists of 300,000,000 shares of common stock, with a par value of $0.001 per share, and 10,000,000 preferred shares with a par value of $0.001 per share.
	On June 4, 2013, we sold and issued 1,000,000 shares of our common stock, at $0.10 per share, in a private placement for cash totaling $100,000.
	On November 20, 2013, we sold and issued 500,000 shares of our common stock, at $0.10 per share, in a private placement for cash totaling $50,000.
	On December 5, 2013, we sold and issued 750,000 shares of our common stock, at $0.10 per share, in a private placement for cash totaling $75,000.

Consulting_Agreements

Consulting Agreements	9 Months Ended
	Dec. 31, 2013
Consulting Agreements:	'
Consulting Agreements	'
	Note 8 Consulting Agreements
	On January 10, 2013, the Company entered into a consulting retainer agreement with a shareholder for professional consulting, strategic planning and business development services for a one year term in exchange for 1,112,500 shares.  We issued these shares on May 31, 2013.
	On January 10, 2013, the Company entered into a consulting retainer agreement for professional consulting, strategic planning and business development services for a two year term in exchange for 2,250,000 shares, subject to a vesting schedule.  We issued these shares on May 31, 2013.  This service provider was subsequently appointed to our Board.
	On March 19, 2013 the Company entered into an agreement with Wm Chris Mathers to compensate Mr. Mathers as the Company’s CFO with 100,000 shares of the Company’s stock upon execution of the consulting agreement, and an option to purchase 1,000,000 shares valued at $0.14 per share under a 5 year term expiring March 19, 2018.
	These options vest 25% upon the execution of the agreement and 25% upon each six month anniversary from the date of the agreement, provided Mr. Mathers continues to provide consulting or employment services to the Company on the vesting dates. The Black-Scholes pricing model was used to estimate the fair value of the 1,000,000 options issued during the period, using the assumptions of a risk free interest rate of 1.1%, dividend yield of 0%, volatility of 482%, and an expected life of 5 years. We have determined these options to have an approximate fair value of $140,000. Since Mr. Mathers award vests over an 18 month period, the Company is expensing a total of approximately $5,833 monthly, beginning in April 2013, for this award over the 18 month vesting period in accordance with FASB ASC 718.  A total of approximately $52,500 was expensed for the nine months ended December 31, 2013 as stock based compensation.
	Additionally, the Company agreed to pay Mr. Mathers cash in the amount of $1,000 per month increasing to $2,000 per month on September 1, 2013 and to $3,000 per month on March 1, 2014. During the nine months ended December 31, 2013, we incurred $11,000 in compensation to Mr. Mathers, which has yet to be paid.
	At December 31, 2013, the total issued and outstanding shares were 47,047,376.

Subsequent_Events

Subsequent Events	9 Months Ended
	Dec. 31, 2013
Subsequent Events:	'
Subsequent Events	'
	Note 9 Subsequent Events
	On February 4, 2014, we announced that we had entered into a consulting agreement with Dr. Michael Terry, a former Homestake Geologic Researcher, to provide guidance to the Company in the execution of its exploration strategies. The consulting agreement is for a period of 1 year from the date of execution. The Company agrees to issue 50,000 restricted shares of common stock upon execution of the agreement and a monthly compensation if $1,500. In recent years, Dr. Terry and fellow scientists have proposed a Fault Block Concept that provides new insights into the gold metallogenesis of the northern Black Hills of South Dakota.

Schedule_of_Minerals_propertie

Schedule of Minerals properties (Tables)	9 Months Ended
	Dec. 31, 2013
Schedule of Minerals properties:	'
Schedule of Minerals properties	'
	We plan to commence an exploratory program on these mineral properties as soon as financing can be arranged.
		December 31,		March 31,
		2013		2013
	Capitalized costs	$	150,000	$	150,000
	Accumulated amortization		-		-
	Impairment		-		-
	Capitalized costs, net	$	150,000	$	150,000

Promissory_Notes_Payable_Table

Promissory Notes Payable (Table)	9 Months Ended
	Dec. 31, 2013
Promissory Notes Payable (Table)	'
Promissory Notes Payable	'
	The following notes payable are unsecured and bear interest at 5% per annum.  They are due on demand:
	Date	Maturity	Interest rate	Principal		Interest		Total
	15-Nov-05	On demand	5% per annum	$	82,775	$	33,654	$	116,429
	1-Dec-05	On demand	5% per annum	$	18,800	$	7,602	$	26,402
	6-Jan-06	On demand	5% per annum	$	100,000	$	39,945	$	139,945
	14-Jul-06	On demand	5% per annum	$	103,975	$	38,841	$	142,816
	Total			$	305,550	$	120,042	$	425,592

Related_Party_Transactions_Not

Related Party Transactions Notes Payable and Management Fees (Details) (USD $)	Dec. 31, 2013	Mar. 27, 2013	Oct. 03, 2012	Oct. 01, 2005
Related Party Transactions Notes Payable and Management Fees	'	'	'	'
Re-structure of the amounts due under the agreement and agreed to forgive	'	$522,579	'	'
Fixed Consulting fee per month to Minera Teles Pires Inc.	'	'	'	10,000
Payment of consulting fees	'	'	'	5,000
Balance of consulting fees deferred until financing is obtained	54,000	'	'	5,000
Management fees and rent incurred - Minera Teles Pires	103,500	'	'	'
Amount owed to Minera Teles Pires for management fees and out of pocket expenses.	'	'	188,000	'
Consulting fees and out of pocket expenses due to Jerikodie Inc. ($9000 per Month as per agreement)	135,000	'	'	'
Compensation due to Gerry Berg, Director for adivsory and consulting services -Common stock issued	'	'	500,000	'
Value per share issued for advisory and consulting services	'	'	$0.02	'
Total value of shares issued for advisory and consulting services	'	'	10,000	'
Additional shares to be issued	'	'	200,000	'
Value of the additional shares issued	'	'	4,000	'
Issued shares to Mr. Berg as stock based compensation.	150,000	'	'	'
stock based compensation valued at	$3,000	'	'	'

Related_Party_Transactions_Man

Related Party Transactions Management Fee Incurred As Per Consulting Agreement (Details) (USD $)	9 Months Ended
	Dec. 31, 2013
Related Party Transactions Management Fee Incurred As Per Consulting Agreement	'
Management fee incurred Minera Teles Pires Inc.	$103,500
Consulting fees Incurred from Jerikodie, Inc	81,000
Shares issued to Mr. Berg as stock based compensation	150,000
Compensation valued at	$3,000

Mineral_Properties_Reorganizat

Mineral Properties Reorganization (Details) (USD $)	Dec. 31, 2013	Sep. 30, 2012
Mineral Properties Reorganization	'	'
Unpatented lode mining claims	57	84
Area (in acres) of mining claims known as The West False Bottom, Paradise Gulch, City Creek & Homestake Paleoplacer Lode Mining Claims Acquisitions	1,600	1,600
common shares issued in lieu of mining claims	1,000,000	'
value per share of common shares issued in lieu of mining claims	$0.15	'
value of shares issued	$150,000	'

Exploratory_program_of_mineral

Exploratory program of mineral properties (Details) (USD $)	Dec. 31, 2013	Mar. 31, 2013
Exploratory program of mineral properties	'	'
Capitalized costs of mineral properties	$150,000	$150,000
Accumulated amortization of mineral properties	0	0
Impairment of mineral properties	0	0
Capitalized costs of mineral properties,net	$150,000	$150,000

Convertible_Notes_Payable_Deta

Convertible Notes Payable Details Of Note In Default (Details) (USD $)	Dec. 31, 2013	Aug. 15, 2008
Convertible Notes Payable Details Of Note In Default	'	'
Percentage of interest on convertible notes which are in default	'	5.00%
Convertible notes original amount which are due on August Thirteen 2012 and February 13, 2012	'	$100,000
Conversion rate per share	'	$0.10
Conversion rate per share after 200 to 1 reverse stock split	'	$20
Minimum amount of conversion	'	10,000
Unpaid accrued interest	27,264	'
Convertible notes payable balance outstanding	$100,000	'

Line_Of_Credit_Note_With_Wells

Line Of Credit Note With Wells Fargo Bank (Details) (USD $)	Dec. 31, 2013
Line Of Credit Note With Wells Fargo Bank	'
Maximum allowed limit for the line of credit note with Wells Fargo Bank	$35,000
Balance of line of credit	$29,000

Unsecured_promissory_notes_pay

Unsecured promissory notes payable on demand (Details) (USD $)	Dec. 31, 2013	Jul. 14, 2006	Jan. 06, 2006	Dec. 01, 2005	Nov. 16, 2005
Unsecured promissory notes payable on demand	'	'	'	'	'
Interest rate per annum on promissory notes	5.00%	5.00%	5.00%	5.00%	5.00%
Principal amount of promissory notes	$305,550	$103,975	$100,000	$18,800	$82,775
Interest amount on promissory notes	120,042	38,841	39,945	7,602	33,654
Total of promissory notes	$425,592	$142,816	$139,945	$26,402	$116,429

Promissory_Notes_Payable_unsec

Promissory Notes Payable unsecured and due on demand (Details) (USD $)	Dec. 31, 2013
Promissory Notes Payable {2}	'
Accrued Interest forgiven by President	$57,817
Interest per annum	12.00%
New Note is unsecured, with a principal amount	265,000
Interest rate per annum %	4.00%
Promissory notes payable amounted	265,000
Balance of the promissory note payable	$265,000

Capital_stock_Details

Capital stock (Details) (USD $)	Dec. 31, 2013	Dec. 05, 2013	Nov. 20, 2013	Jun. 04, 2013
Capital stock	'	'	'	'
Authorized shares of common stock	300,000,000	'	'	'
Authorized shares of preferred stock	10,000,000	'	'	'
Par value of common stock	$0.00	'	'	'
Par value of preferred stock	$0.00	'	'	'
Shares of common stock issued in a private placement	'	750,000	500,000	1,000,000
Par value of common stock issued in a private placement	'	$0.10	$0.10	$0.10
Value of common stock issued in a private placement	'	$75,000	$50,000	$100,000

Consulting_retainer_agreements

Consulting retainer agreements with shareholders (Details) (USD $)	Dec. 31, 2013	Mar. 19, 2013	Jan. 10, 2013
Consulting retainer agreements with shareholders	'	'	'
Consulting retainer agreement with a shareholder for professional consulting for a one year term	'	'	1,112,500
Consulting retainer agreement with a shareholder for professional consulting for a two year term	'	'	2,250,000
Issue of Company's stock upon execution of the consulting agreement to Company's CFO	'	100,000	'
No of shares for CEO under optional purchase	'	1,000,000	'
Par value of share for CEO under optional purchase	'	$0.14	'
Expiry term in years	'	5	'
Percentage of options vest upon the execution of the agreement	'	25.00%	'
Percentage of options vest upon each six month anniversary from the date of the agreement	'	25.00%	'
No of shares used to estimate the fair value Black-Scholes pricing model	'	1,000,000	'
Risk free interest rate	'	1.10%	'
Dividend yield rate	'	0.00%	'
Volatility rate	'	482.00%	'
Expected life in years	'	500.00%	'
Fair value of shares under options	'	$140,000	'
Company is expensing a monthly expenditure over an 18 month period	'	5,833	'
Stock based compensation for the period payable to Mr. Mathers	11,000	'	'
Initial payment of cash in the amount for Mathers	'	1,000	'
Increased payment of cash in the amount for Mathers from September 1, 2013	'	2,000	'
Initial payment of cash in the amount for Mathers from March 1, 2014	'	3,000	'
Total shares issued and outstanding	47,047,376	'	'
A total of approximately incurred expenses as stock based compensation.	$52,500	'	'

Subsequent_Events_Details

Subsequent Events (Details) (USD $)	Feb. 04, 2014
Subsequent Events {1}	'
Term of agreement with Dr. Michael Terry, a former Homestake Geologic Researcher, to provide guidance to the Company in the execution of its exploration strategies	1
Issue of restricted shares of common stock upon execution of the agreement	50,000
Monthly compensation payable to Mr.Michael Terry	$1,500