Dakota Territory Resource (DTRC) 10-K 29 Jun 17 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2017	Jun. 28, 2017	Sep. 30, 2016
Details
Registrant Name	Dakota Territory Resource Corp
Registrant CIK	1,182,737
SEC Form	10-K
Period End date	Mar. 31, 2017
Fiscal Year End	--03-31
Trading Symbol	dtrc
Tax Identification Number (TIN)	980,201,259
Number of common stock shares outstanding		58,566,787
Public Float			$ 1,272,067
Filer Category	Smaller Reporting Company
Current with reporting	Yes
Voluntary filer	No
Well-known Seasoned Issuer	No
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Entity Incorporation, State Country Name	Nevada
Entity Address, Address Line One	10580 N. McCarran Blvd.
Entity Address, Address Line Two	Building 115-208
Entity Address, City or Town	Reno
Entity Address, State or Province	Nevada
Entity Address, Postal Zip Code	89,503
City Area Code	775
Local Phone Number	747-0667
Entity Listing, Par Value Per Share	$ 0.001

Balance Sheets

Balance Sheets - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Current Assets
Cash and cash equivalents	$ 69,189	$ 15,551
Due from Related Parties, Current	0	12,500
Prepaid Expense and Other Assets, Current	4,000	8,927
Total current assets	73,189	36,978
Other Assets, Noncurrent	0	2,500
Mineral Properties, Net	216,104	199,566
Total assets	289,293	239,044
Current liabilities:
Accounts Payable and Accrued Liabilities, Current	501,731	470,654
Accounts payable, related party	1,018,742	736,692
Line of credit	36,074	40,766
Notes Payable, Current	305,550	305,550
Notes payable to related parties	320,000	265,000
Convertible Notes Payable, Current	100,000	100,000
Liabilities, Current	2,282,097	1,918,662
Liabilities	2,282,097	1,918,662
Shareholders' deficit:
Preferred Stock	0	0
Common Stock	58,567	56,717
Additional paid-in capital	1,856,036	1,747,886
Accumulated deficit	(3,907,407)	(3,484,221)
Total shareholders' deficit	(1,992,804)	(1,679,618)
Total liabilities and shareholders' deficit	$ 289,293	$ 239,044

Balance Sheets - Parenthetical

Balance Sheets - Parenthetical - $ / shares	Mar. 31, 2017	Mar. 31, 2016
Details
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Shares, Issued	58,566,787	56,716,787
Common Stock, Shares, Outstanding	58,566,787	56,716,787

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating expenses:
Exploration costs	$ 21,855	$ 22,220
General and administrative expenses	369,311	473,576
Total operating expenses	391,166	495,796
Operating loss	(391,166)	(495,796)
Other Nonoperating Income (Expense)
Derivative income (expense)	0	100,000
Amortization of debt discount	0	(100,000)
Interest expense	(32,020)	(33,702)
Total other income (expense)	(32,020)	(33,702)
Net Income (Loss)	$ (423,186)	$ (529,498)
Basic and diluted net loss per common share	$ (0.01)	$ (0.01)
Basic and diluted weighted-average common shares outstanding	57,542,540	54,354,805

Statements of changes in Shareh

Statements of changes in Shareholders' Deficit - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Retained Earnings	Total
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Beginning Balance at Mar. 31, 2015	$ 0	$ 53,738	$ 1,580,078	$ (2,954,723)	$ (1,320,907)
Stock Issued During Period, Shares, New Issues	0	0
Stock Issued During Period, Shares, Issued for Services	0	50,000
Shares issued for note conversion	$ 0	$ 2,929	$ 99,571	$ 0	$ 102,500
Issuance of stock options	0	0	11,787	0	11,787
Net Income (Loss)	$ 0	$ 0	$ 0	$ (529,498)	$ (529,498)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2016	$ 0	$ 56,717	1,747,886	(3,484,221)	(1,679,618)
Preferred Stock, Shares Outstanding, Beginning Balance at Mar. 31, 2015	0
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2015		53,738,216
Stock Issued During Period, Value, New Issues	$ 0	$ 0	15,000	0	15,000
Stock Issued During Period, Value, Issued for Services	$ 0	$ 50	41,450	0	$ 41,500
Stock Issued During Period, Shares, Conversion of Convertible Securities	0	2,928,571
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures	0	0
Preferred Stock, Shares Outstanding, Ending Balance at Mar. 31, 2016	0				0
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2016		56,716,787			56,716,787
Stock Issued During Period, Shares, New Issues	0	1,500,000
Stock Issued During Period, Shares, Issued for Services	0	100,000
Shares issued for note conversion					$ 0
Cash received for stock subscription	$ 0	$ 0	5,000	0	5,000
Net Income (Loss)	0	0	0	(423,186)	(423,186)
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2017	0	58,567	1,856,036	(3,907,407)	(1,992,804)
Stock Issued During Period, Value, New Issues	0	1,500	103,500	0	105,000
Stock Issued During Period, Value, Issued for Services	$ 0	$ 100	(100)	0	$ 0
Preferred Stock, Shares Outstanding, Ending Balance at Mar. 31, 2017	0				0
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2017		58,566,787			58,566,787
Stock issued for cash received in the prior year	$ 0	$ 250	$ (250)	$ 0	$ 0
Stock Issued During Period, Shares, Other	0	250,000

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net Income (Loss)	$ (423,186)	$ (529,498)
Adjustments to reconcile net loss to net cash used in operating activities:
Shares issued for services	0	53,287
Derivative income	0	(100,000)
Amortization of debt discount	0	100,000
Changes in operating assets and liabilities:
Prepaid expenses and other assets	7,427	4,003
Accounts payable & accrued liabilities	31,077	92,878
Accounts payable, related party	282,050	282,000
Net cash used in operating activities	(102,632)	(97,330)
Cash flows from investing activities:
Repayment of Notes Receivable from Related Parties	12,500	(12,500)
Acquisition of mineral rights	(16,538)	(8,000)
Net cash used in investing activities	(4,038)	(20,500)
Cash flows from financing activities:
Proceeds from the issuance of note payable - related party	55,000	0
Proceeds from stock subscription agreement	5,000	0
Proceeds from the issuance of common stock	105,000	15,000
Proceeds from the issuance of convertible note payable	0	100,000
Proceeds from (repayments of) line of credit	(4,692)	16,026
Net cash provided by financing activities	160,308	131,026
Net increase (decrease) in cash	53,638	13,196
Cash and cash equivalents	15,551	2,355
Cash and cash equivalents	69,189	15,551
Supplemental disclosure of cash flow information
Cash paid for interest	0	0
Cash paid for income taxes	0	0
Cash Flow, Noncash Investing and Financing Activities Disclosure
Shares issued for note conversion	0	102,500
Debt discount on convertible note	$ 0	$ 100,000

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Business	12 Months Ended
	Mar. 31, 2017
Notes
Note 1 - Organization and Nature of Business	Note 1 Organization and Nature of Business Dakota Territory Resource Corp., (the “Company”) was incorporated in the State of Nevada on February 6, 2002 . In July 2006, the Company changed its name from Lakefield Ventures, Inc. to Urex Energy Corp. On July 22, 2010, the Company changed its name from Urex Energy Corp to Mustang Geothermal Corp reflecting a change in business expanding into geothermal energy. In September 2012, the Company changed its name from Mustang Geothermal Corp to Dakota Territory Resource Corp, reflecting a change in business. The Company has been in the exploration stage since its formation and has no t realized any revenues from its planned operations. The Company is primarily engaged in the acquisition , exploration , and development of mineral properties. On March 9, 2012 the Company entered into an agreement with North Homestake Mining Company (“NHMC”) to exchange common stock to affect the acquisition of North Homestake’s gold exploration properties located in South Dakota. The Agreement was completed on September 26, 2012 and the Company concurrently effected a 10 for 1 reverse stock split. The merger was recorded as a reverse recapitalization (“reverse merger”) and the issuances of common stock were recorded as a reclassification between paid-in capital and par value of Common Stock. North Homestake Mining Company was incorporated in the State of Nevada on April 12, 2011. In accordance with the generally accepted accounting principles governing reverse mergers, the historical financial statements are those of NHMC, since renamed Dakota Territory Resource Corp. On December 31, 2012, the Company completed an agreement to acquire 57 unpatented lode mining claims covering approximately 853 acres in the Black Hills of South Dakota in exchange for 1,000,000 shares of the Company’s common stock, which was valued at $0.15 per share on the transaction date. On February 24, 2014 the Company acquired surface and mineral title to the 26.16 acres of the Squaw and Rubber Neck Lodes that comprise Mineral Survey 1706 in the Black Hills of South Dakota. The property is located immediately to the north and adjoining the Company’s Paleoplacer Property. On March 3, 2014, we completed an acquisition of approximately 565.24 mineral acres in the Northern Black Hills of South Dakota. The acquisition increased our mineral interests in the Homestake District by nearly 23%, to over 3,057 acres. As part of the property acquisition, we purchased an additional 64.39 mineral acres located immediately southwest and contiguous to our Paleoplacer Property, including mineral title to the historic Gustin, Minerva and Deadbroke Gold Mines. On April 5, 2017 we acquired a combination of surface and mineral title to 284 acres in the Homestake District of the Northern Black Hills of South Dakota. The acquisition included 61 acres located immediately south and contiguous with our City Creek Property; 82 acres located approximately one half mile south of our Blind Gold Property at the western fringe of the historic Maitland Gold Mine; and 141 acres located immediately north and contiguous to our Homestake Paleoplacer Property. Going Concern These financial statements have been prepared assuming that we will continue as a going concern. The Company has an accumulated deficit of approximately $3,907,407 since inception and, has yet to achieve profitable operations, and projects further losses in the development of its business. At March 31, 2017 the Company had a working capital deficit of approximately $2,209,000. Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should we be unable to continue as a going concern. We anticipate that additional funding will be in the form of equity financing from the sale of common stock and/or commercial borrowing. There can be no assurance that capital will be available on terms acceptable to us. The issuances of additional equity securities by us would result in a dilution in the equity interests of our current stockholders. We may also seek to obtain short-term loans from the directors of the Company. There are no current arrangements in place for equity funding or short-term loans. Based on these factors, there is substantial doubt as to our ability to continue as a going concern.

Note 2 - Summary of Accounting

Note 2 - Summary of Accounting Policies	12 Months Ended
	Mar. 31, 2017
Notes
Note 2 - Summary of Accounting Policies	Note 2 Summary of Accounting Policies Basis of Presentation Our financial records are maintained on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Cash and Cash Equivalents We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents consist of demand deposits at commercial banks. Revenue Recognition We recognize revenue when persuasive evidence of an arrangement exists, services have been performed, the sales price is fixed or determinable, and collection is probable. We have yet to generate any revenue. Mineral Property Costs We have been in the exploration stage since inception and have not yet realized any revenues from its planned operations. All exploration expenditures are expensed as incurred. Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Mine development costs incurred to develop new ore deposits, to expand the capacity of mines, or to develop mine areas substantially in advance of current production are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. If we do not continue with exploration after the completion of the feasibility study, the associated capitalized costs will be expensed at that time. Costs of abandoned projects are charged to mining costs including related property and equipment costs. To determine if the capitalized mineral property costs are in excess of their recoverable amount, we conduct periodic evaluation of the carrying value of capitalized costs and any related property and equipment costs based upon expected future cash flows and/or estimated salvage value in accordance with Accounting Standards Codification (ASC) 360-10-35-15, Impairment or Disposal of Long-Lived Assets. Fair Value Measurements We account for assets Fair Value Measurements and Disclosures • Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. • Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. Our financial instruments consist principally of cash, accounts payable, accrued liabilities and notes payable. The carrying amounts of such financial instruments in the accompanying financial statements approximate their fair values due to their relatively short-term nature or the underlying terms are consistent with market terms. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments. Environmental Costs Environmental expenditures that relate to current operations are expensed or capitalized as appropriate. Expenditures that relate to an existing condition caused by past operations, and which do not contribute to current or future revenue general, are expensed. Liabilities are recorded when environmental assessments and/or remedial efforts are probable, and the cost can be reasonably estimated. Generally, the timing of these accruals coincides with the earlier of completion of a feasibility study or the Company’s commitments to plan of action based on the then known facts. Income Taxes Income taxes are computed using the asset and liability method, in accordance with ASC 740, Income Taxes Basic and Diluted Loss Per Share We compute loss per share in accordance with ASC 260, Earnings Per Share Stock-Based Compensation The Company estimates the fair value of share-based compensation using the Black-Scholes valuation model, in accordance with the provisions of ASC 718, Compensation - Stock Compensation ASC 505, Equity Recent Accounting Pronouncements Pronouncements March 31, 2017 and the date of this filing are not expected to have a significant impact on our operations, financial position, or cash flow, nor does the Company expect the adoption of recently issued, but not yet effective, accounting pronouncements to have a significant impact on our results of operations, financial position or cash flows.

Note 3 - Related Party Transact

Note 3 - Related Party Transactions	12 Months Ended
	Mar. 31, 2017
Notes
Note 3 - Related Party Transactions	Note 3 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. During the twelve months ended March 31, 2017 and 2016, we incurred approximately $138,000 in each year, in management fees and rent from Minera Teles Pires Inc. As of March 31, 2017 and 2016, we owed Minera Teles Pires approximately $523,000 and $385,000, respectively, 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 twelve months ended March 31, 2017 and 2016, we incurred approximately $108,000 in each year, in consulting fees from Jerikodie, Inc. As of March 31, 2017 and 2016, we owed Jerikodie, Inc. approximately $399,000 and $291,000, respectively, for consulting fees and out of pocket expenses. On March 19, 2013, the Company entered into an agreement with Wm Chris Mathers to compensate Mr. Mathers as the Company’s CFO and 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 twelve months ended March 31, 2017 and 2016, we incurred $36,000 in each year, in compensation to Mr. Mathers. As of March 31, 2017 and 2016, we owed Mr. Mathers $97,000 and $61,000, respectively, for consulting fees.

Note 4 - Mineral Properties

Note 4 - Mineral Properties	12 Months Ended
	Mar. 31, 2017
Notes
Note 4 - Mineral Properties	Note 4 Mineral Properties On September 26, 2012, the Company was re-organized with North Homestake Mining Company. With this re-organization, the Company 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, the Company acquired 57 unpatented lode mining claims covering approximately 853 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 West False Bottom Creek and Paradise Gulch Claims were contiguous to the Blind Gold Property and have been incorporated into the Blind Gold Property. The purchase price was 1,000,000 restricted common shares valued at $0.15 per share, or $150,000. On February 24, 2014 the Company acquired surface and mineral title to the 26.16 acres of the Squaw and Rubber Neck Lodes that comprise Mineral Survey 1706 in the Black Hills of South Dakota. Located immediately to the north and adjoining the Company’s Paleoplacer Property, Mineral Survey 1706 was explored by Homestake Mining Company in the late 1980’s. The Company is required to make annual lease payments of $8,000 for a period of 5 years, of which $8,000 was due upon execution of the agreement. The Company has an option to purchase the mineral property for $120,000. On March 3, 2014, the Company completed the acquisition of approximately 565.24 mineral acres in the Northern Black Hills of South Dakota. The acquisition increased our mineral interests in the Homestake District by nearly 23%, to over 3,057 acres. As part of the property acquisition, the Company purchased an additional 64.39 mineral acres located immediately southwest and contiguous to our Paleoplacer Property, including mineral title to the historic Gustin, Minerva and Deadbroke Gold Mines. The three mines were the last of a string of mines that produced ores from fossil gold placers derived from the Homestake Lode and are located at the point where the channel disappears under the cover of younger sedimentary and intrusive rocks approximately one mile north of the Homestake Open Cut source. With this acquisition the Company consolidated and extended the Paleoplacer Property position to a distance extending approximately 3,100 feet along the south to north trend of the channel. The purchase price of the mineral interests was $33,335. The Company plans to commence an exploratory program on these mineral properties as soon as financing can be arranged. March 31, March 31, 2017 2016 Capitalized costs $ 216,104 $ 199,566 Accumulated amortization - - Impairment - - Capitalized costs, net $ 216,104 $ 199,566

Note 5 - Income Taxes

Note 5 - Income Taxes	12 Months Ended
	Mar. 31, 2017
Notes
Note 5 - Income Taxes	Note 5 Income Taxes The following table sets orth a reconciliation of the statutory federal income tax for the years ended March 31, 2017 and 2016: 2017 2016 Loss before income taxes $ (423,186) $ (529,498) Income tax benefit computed at statutory rates $ (144,000) $ (180,000) Increase in valuation allowance 136,000 154,000 Temporary differences, stock compensation - 18,000 Temporary differences, exploration costs 8,000 8,000 Tax benefit $ - $ - The tax effects of the temporary differences between reportable financial statement income and taxable income are recognized as a deferred tax asset and liability. Significant components of the deferred tax assets are set out below along with a valuation allowance to reduce the net deferred tax asset to zero. In order to comply with generally accepted accounting principles, management has decided to establish a valuation allowance because of the potential that the tax benefits underlying deferred tax asset may not be realized. Significant components of our deferred tax asset at March 31, 2017 and 2016 are as follows: 2017 2016 Deferred tax assets (liability) Net operating loss carry forwards $ 2,836,000 $ 2,700,000 Net capital loss carry forwards 527,000 527,000 Less: valuation allowance (3,363,000) (3,227,000) Net deferred tax assets $ - $ - As a result of a change in control effective in September 2012, our net operating losses prior to that date may be partially or entirely unavailable, by law, to offset future income and, accordingly, are excluded from the associated deferred tax asset. The net operating loss carry forward in the approximate amount of $8,342,000 will begin to expire in 2026. We file income tax returns in the United States and in one state jurisdiction. We follow the provisions of ASC 740 relating to uncertain tax provisions and have commenced analyzing filing positions in all of the federal and state jurisdictions where we are required to file income tax returns, as well as all open tax years in these jurisdictions. As a result of adoption, no additional tax liabilities have been recorded. There are no unrecognized tax benefits as of March 31, 2017 or March 31, 2016. The Company files income tax returns in the U.S. federal jurisdiction and in certain state jurisdictions. The Company has not been subjected to tax examinations for any year and the statute of limitations has not expired. The Company’s tax returns remain open for examination by the applicable authorities, generally 3 years for federal and 4 years for state.

Note 6 - Notes Payable

Note 6 - Notes Payable	12 Months Ended
	Mar. 31, 2017
Notes
Note 6 - Notes Payable	Note 6 Notes Payable The following promissory notes payable are unsecured and bear interest at 5% per annum. They are due on demand: Date Maturity Interest rate Principal Interest Total Nov 15, 2005 On demand 5% per annum $ 82,775 $ 46,064 $ 128,839 Dec 01, 2005 On demand 5% per annum $ 18,800 $ 10,462 $ 29,262 Jan 06, 2006 On demand 5% per annum $ 100,000 $ 55,650 $ 155,650 Jul 14, 2006 On demand 5% per annum $ 103,975 $ 57,864 $ 161,839 Total $ 305,550 $ 170,040 $ 475,590 Notes Payable to Related Parties The Company had 11 notes payable to its 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 totaling $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. The Company 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 was due at March 27, 2017 and remains unpaid. On June 23, 2017, the note was amended to mature on March 27, 2018. On August 26, 2016 , the Company issued a note payable in the amount of $25,000 to Minera Teles Pires Inc. , a Company controlled by our President, for the purpose of funding ongoing operating expenses. The note bears annual interest of 3% and was due and payable on October 26, 2016 . This loan remains outstanding as of the date of this filing. On September 15, 2016 , the Company issued a note payable in the amount of $30,000 to Minera Teles Pires Inc. , a Company controlled by our President, for the purpose of funding ongoing operating expenses. The note bears annual interest of 4% and was due and payable on December 14, 2016 . This loan remains outstanding as of the date of this filing.

Note 7 - Convertible Note Payab

Note 7 - Convertible Note Payable	12 Months Ended
	Mar. 31, 2017
Notes
Note 7 - Convertible Note Payable	Note 7 Convertible Note Payable On August 14, 2008, the Company executed a 5% convertible note of $100,000 that was due August 13, 2010. The note is now due and payable, however the lender has to date made no request for payment. The note may be converted from time to time, all or any part of the principal plus any unpaid accrued interest ($43,875 as of March 31, 2017) 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. As of March 31, 2017, this note is outstanding.

Note 8 - Line of Credit

Note 8 - Line of Credit	12 Months Ended
	Mar. 31, 2017
Notes
Note 8 - Line of Credit	Note 8 Line of Credit The Company executed a Line of Credit with Wells Fargo Bank in California . The Line of Credit allows the Company to borrow up to $ ,500 . The Line of Credit bears interest at 7.75% per annum, is unsecured , and due on demand . The balance on this Line of Credit at March 31, 2017 and 2016 was $36,074 and $40,766 , respectively.

Note 9 - Common Stock

Note 9 - Common Stock	12 Months Ended
	Mar. 31, 2017
Notes
Note 9 - Common Stock	Note 9 Common Stock During the first quarter fiscal 2017, we received $5,000 from an investor for 50,000 shares of our common stock at a price of $0.10 per share . During the first quarter fiscal 2017, we issued 100,000 shares of our common stock for consulting services performed in the previous fiscal year. On July 29, 2016, we issued 250,000 shares of our common stock, priced at $0.06 per share, as settlement for a subscription agreement dated March 4, 2016. On December 5, 2016, the Company completed a sale of our restricted common shares to a private investor. The Company sold a total of 1,500,000 shares of restricted common stock at a price of $0.07 per share for an aggregate amount of $105,000 received by the Company. In addition, the Company issued a Warrant to purchase an additional 1,500,000 shares of our restricted common stock at an exercise price of $0.11 per share on or before May 31, 2017. We have determined that the 1,500,000 common stock warrants have an approximate fair value of $43,500. The Black-Scholes pricing model was used to estimate the fair value of the 1,500,000 warrants issued during the period, using the assumptions of a risk free interest rate of 1.1%, dividend yield of 0%, volatility of 209%, and an expected life of 6 months. The warrant expired and was not exercised. At March 31, 2017, the total issued and outstanding shares were 58,566,787. Equity Compensation Plan On March 19, 2013, we 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. As of the date of this filing, all 1,000,000 options have vested. On November 11, 2013, the Company entered into a one-year consulting agreement with Lyons Capital, LLC to provide strategic advisory services and to provide the Company introductions to potential institutional investors through Lyons Capital’s Wall Street Conferences. Lyons Capital received 1,000,000 warrants to purchase restricted common shares of our stock with a strike price of $0.23 per share, expiring on December 10, 2016. The fair value of the warrants issued was $349,224 and vest upon issuance. Variables used in the Black-Scholes option-pricing model for the warrants issued include: (1) discount rate of 1.10%, (2) term of 2.75 years, (3) expected volatility of 361%, and (4) zero expected dividends. The warrants expired unexercised. On January 25, 2015, the Company authorized the issuance of a total of 5,200,000 options to purchase the Company’s restricted common stock to the executive officers and consultants. The Company’s Board of Directors authorized and implemented the options by virtue of its adopting a plan entitled the “2015 Omnibus Incentive Plan.” The options are good for a period of ten years from January 25, 2015, expiring on January 25, 2025. The exercise price per share is $0.08 based upon the closing price of the Company’s common stock on January 23, 2015 of $0.07 per share. All options vest immediately. With respect to these options, the Black-Scholes pricing model was used to estimate the fair value of the 5.2 million options issued during the period, using the assumptions of a risk free interest rate of 1.10%, dividend yield of 0%, volatility of 341% and an expected life of 10 years. These options were expensed immediately in the amount of approximately $364,000. On March 27, 2015 the Company authorized the issuance of an additional 900,000 options to purchase the Company’s restricted common stock for the three members of the Company’s Strategic Advisory Board. The options are exercisable for a period of ten years from March 27, 2015, expiring on March 27, 2025. The exercise price per share is $0.13 based upon the closing price of the Company’s common stock on March 27, 2015 of $0.11 per share. All options vest immediately. With respect to these options, the Black-Scholes pricing model was used to estimate the fair value of the 900,000 options issued during the period, using the assumptions of a risk free interest rate of 1.10%, dividend yield of 0%, volatility of 1,918% and an expected life of 10 years. These options were expensed immediately in the amount of approximately $99,000. The Company relied upon the exemption from registration provided by Section 4(2) of the Securities Act of 1933, and Rule 506 of Regulation D promulgated thereunder, with respect to the issuance of the options for the sale of the restricted stock. The Purchasers of these securities were “accredited investors” pursuant to Section 501(a) of the Securities Act, who provided the Company with representations, warranties and information concerning their qualifications as “accredited investors.” The Company provided and made available to the Purchasers full information regarding our business and operations. There was no general solicitation in connection with the offer or sale of the restricted securities. The Purchasers acquired the options to purchase the restricted common stock for their own accounts, for investment purposes and not with a view to public resale or distribution thereof within the meaning of the Securities Act. By their terms, the options are not transferable. By virtue of restrictions on the shares issuable by the Company when the options are exercised, the restricted shares so purchased cannot be sold unless pursuant to an effective registration statement by the Company, or by an exemption from registration requirements of Section 5 of the Securities Act—the existence of any such exemption subject to legal review and approval by the Company.

Note 10 - Subsequent Events

Note 10 - Subsequent Events	12 Months Ended
	Mar. 31, 2017
Notes
Note 10 - Subsequent Events	Note 10 Subsequent Events On April 5, 2017 , the Company acquired a combination of surface and mineral title to 284 acres in the Homestake District of the Northern Black Hills through an Exploration and Mining Lease and Option to Purchase Property Agreement with Trucano Novelty Inc., of Dakota . The acquisition included 61 acres located immediately south and contiguous with our City Creek Property; 82 acres located approximately one half mile south of our Blind Gold Property at the western fringe of the historic Maitland Gold Mine; and 141 acres located immediately north and contiguous to our Homestake Paleoplacer Property. On June 23, 2017 , the Company amended the note agreement with a principal balance of $265,000 to mature on March 27, 2018 .

Note 1 - Organization and Nat17

Note 1 - Organization and Nature of Business: Going Concern (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Going Concern	Going Concern These financial statements have been prepared assuming that we will continue as a going concern. The Company has an accumulated deficit of approximately $3,907,407 since inception and, has yet to achieve profitable operations, and projects further losses in the development of its business. At March 31, 2017 the Company had a working capital deficit of approximately $2,209,000. Our ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they come due. These financial statements do not include any adjustments to the amounts and classification of assets and liabilities that may be necessary should we be unable to continue as a going concern. We anticipate that additional funding will be in the form of equity financing from the sale of common stock and/or commercial borrowing. There can be no assurance that capital will be available on terms acceptable to us. The issuances of additional equity securities by us would result in a dilution in the equity interests of our current stockholders. We may also seek to obtain short-term loans from the directors of the Company. There are no current arrangements in place for equity funding or short-term loans. Based on these factors, there is substantial doubt as to our ability to continue as a going concern.

Note 2 - Summary of Accountin18

Note 2 - Summary of Accounting Policies: Basis of Presentation (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Basis of Presentation	Basis of Presentation Our financial records are maintained on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States.

Note 2 - Summary of Accountin19

Note 2 - Summary of Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Note 2 - Summary of Accountin20

Note 2 - Summary of Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Cash and Cash Equivalents	Cash and Cash Equivalents We consider all highly liquid investments with an original maturity of three months or less to be cash equivalents. Cash and cash equivalents consist of demand deposits at commercial banks.

Note 2 - Summary of Accountin21

Note 2 - Summary of Accounting Policies: Revenue Recognition (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Revenue Recognition	Revenue Recognition We recognize revenue when persuasive evidence of an arrangement exists, services have been performed, the sales price is fixed or determinable, and collection is probable. We have yet to generate any revenue.

Note 2 - Summary of Accountin22

Note 2 - Summary of Accounting Policies: Mineral Property Costs (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Mineral Property Costs	Mineral Property Costs We have been in the exploration stage since inception and have not yet realized any revenues from its planned operations. All exploration expenditures are expensed as incurred. Costs of acquisition and option costs of mineral rights are capitalized upon acquisition. Mine development costs incurred to develop new ore deposits, to expand the capacity of mines, or to develop mine areas substantially in advance of current production are also capitalized once proven and probable reserves exist and the property is a commercially mineable property. Costs incurred to maintain current production or to maintain assets on a standby basis are charged to operations. If we do not continue with exploration after the completion of the feasibility study, the associated capitalized costs will be expensed at that time. Costs of abandoned projects are charged to mining costs including related property and equipment costs. To determine if the capitalized mineral property costs are in excess of their recoverable amount, we conduct periodic evaluation of the carrying value of capitalized costs and any related property and equipment costs based upon expected future cash flows and/or estimated salvage value in accordance with Accounting Standards Codification (ASC) 360-10-35-15, Impairment or Disposal of Long-Lived Assets.

Note 2 - Summary of Accountin23

Note 2 - Summary of Accounting Policies: Fair Value Measurements (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Fair Value Measurements	Fair Value Measurements We account for assets Fair Value Measurements and Disclosures • Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets. • Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. • Level 3: Inputs that are generally unobservable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value. Our financial instruments consist principally of cash, accounts payable, accrued liabilities and notes payable. The carrying amounts of such financial instruments in the accompanying financial statements approximate their fair values due to their relatively short-term nature or the underlying terms are consistent with market terms. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments.

Note 2 - Summary of Accountin24

Note 2 - Summary of Accounting Policies: Environmental Costs (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Environmental Costs	Environmental Costs Environmental expenditures that relate to current operations are expensed or capitalized as appropriate. Expenditures that relate to an existing condition caused by past operations, and which do not contribute to current or future revenue general, are expensed. Liabilities are recorded when environmental assessments and/or remedial efforts are probable, and the cost can be reasonably estimated. Generally, the timing of these accruals coincides with the earlier of completion of a feasibility study or the Company’s commitments to plan of action based on the then known facts.

Note 2 - Summary of Accountin25

Note 2 - Summary of Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Income Taxes	Income Taxes Income taxes are computed using the asset and liability method, in accordance with ASC 740, Income Taxes

Note 2 - Summary of Accountin26

Note 2 - Summary of Accounting Policies: Basic and Diluted Loss Per Share (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Basic and Diluted Loss Per Share	Basic and Diluted Loss Per Share We compute loss per share in accordance with ASC 260, Earnings Per Share

Note 2 - Summary of Accountin27

Note 2 - Summary of Accounting Policies: Stock-Based Compensation (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Stock-Based Compensation	Stock-Based Compensation The Company estimates the fair value of share-based compensation using the Black-Scholes valuation model, in accordance with the provisions of ASC 718, Compensation - Stock Compensation ASC 505, Equity

Note 2 - Summary of Accountin28

Note 2 - Summary of Accounting Policies: Recent Accounting Pronouncements (Policies)	12 Months Ended
	Mar. 31, 2017
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements Pronouncements March 31, 2017 and the date of this filing are not expected to have a significant impact on our operations, financial position, or cash flow, nor does the Company expect the adoption of recently issued, but not yet effective, accounting pronouncements to have a significant impact on our results of operations, financial position or cash flows.

Note 4 - Mineral Properties_ Sc

Note 4 - Mineral Properties: Schedule of Mineral Properties Costs (Tables)	12 Months Ended
	Mar. 31, 2017
Tables/Schedules
Schedule of Mineral Properties Costs	March 31, March 31, 2017 2016 Capitalized costs $ 216,104 $ 199,566 Accumulated amortization - - Impairment - - Capitalized costs, net $ 216,104 $ 199,566

Note 5 - Income Taxes_ Schedule

Note 5 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Mar. 31, 2017
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	2017 2016 Loss before income taxes $ (423,186) $ (529,498) Income tax benefit computed at statutory rates $ (144,000) $ (180,000) Increase in valuation allowance 136,000 154,000 Temporary differences, stock compensation - 18,000 Temporary differences, exploration costs 8,000 8,000 Tax benefit $ - $ -

Note 5 - Income Taxes_ Schedu31

Note 5 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Mar. 31, 2017
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	2017 2016 Deferred tax assets (liability) Net operating loss carry forwards $ 2,836,000 $ 2,700,000 Net capital loss carry forwards 527,000 527,000 Less: valuation allowance (3,363,000) (3,227,000) Net deferred tax assets $ - $ -

Note 6 - Notes Payable_ Schedul

Note 6 - Notes Payable: Schedule of Debt (Tables)	12 Months Ended
	Mar. 31, 2017
Tables/Schedules
Schedule of Debt	Date Maturity Interest rate Principal Interest Total Nov 15, 2005 On demand 5% per annum $ 82,775 $ 46,064 $ 128,839 Dec 01, 2005 On demand 5% per annum $ 18,800 $ 10,462 $ 29,262 Jan 06, 2006 On demand 5% per annum $ 100,000 $ 55,650 $ 155,650 Jul 14, 2006 On demand 5% per annum $ 103,975 $ 57,864 $ 161,839 Total $ 305,550 $ 170,040 $ 475,590

Note 1 - Organization and Nat33

Note 1 - Organization and Nature of Business (Details)	12 Months Ended
	Mar. 31, 2017
Entity Incorporation, State Country Name	Nevada
Entity Incorporation, Date of Incorporation	Feb. 6, 2002
Entity 1
Entity Information, Former Legal or Registered Name	Lakefield Ventures, Inc.
Entity 2
Entity Information, Former Legal or Registered Name	Urex Energy Corp.
Entity 3
Entity Information, Former Legal or Registered Name	Mustang Geothermal Corp

Note 1 - Organization and Nat34

Note 1 - Organization and Nature of Business: Going Concern (Details) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Details
Accumulated deficit	$ (3,907,407)	$ (3,484,221)

Note 3 - Related Party Transa35

Note 3 - Related Party Transactions (Details)	12 Months Ended
	Mar. 31, 2017
Transaction 1
Related Party Transaction, Date	Oct. 1, 2005
Related Party Transaction, Description of Transaction	we began paying a management consulting fee to Minera Teles Pires Inc.
Transaction 2
Related Party Transaction, Date	Feb. 24, 2012
Related Party Transaction, Description of Transaction	we began paying consulting fees to Jerikodie, Inc.
Transaction 3
Related Party Transaction, Date	Mar. 19, 2013
Related Party Transaction, Description of Transaction	Company entered into an agreement with Wm Chris Mathers to compensate Mr. Mathers as the Company’s CFO

Note 4 - Mineral Properties_ 36

Note 4 - Mineral Properties: Schedule of Mineral Properties Costs (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Details
Mineral Properties, Capitalized costs	$ 216,104	$ 199,566
Mineral Properties, Accumulated amortization	0	0
Mineral Properties, Capitalized costs, net	$ 216,104	$ 199,566

Note 5 - Income Taxes_ Schedu37

Note 5 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Details
Net Income (Loss)	$ (423,186)	$ (529,498)
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	(144,000)	(180,000)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	136,000	154,000
Temporary differences, stock compensation	0	18,000
Temporary differences, exploration costs	8,000	8,000
Income Tax Expense (Benefit)	$ 0	$ 0

Note 5 - Income Taxes_ Schedu38

Note 5 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Mar. 31, 2017	Mar. 31, 2016
Deferred Tax Assets, Operating Loss Carryforwards, Components
Deferred Tax Assets, Operating Loss Carryforwards	$ 2,836,000	$ 2,700,000
Deferred Tax Assets, Capital Loss Carryforwards	527,000	527,000
Deferred Tax Assets, Valuation Allowance	(3,363,000)	(3,227,000)
Deferred Tax Assets, Net of Valuation Allowance	$ 0	$ 0

Note 6 - Notes Payable_ Sched39

Note 6 - Notes Payable: Schedule of Debt (Details)	12 Months Ended
	Mar. 31, 2017USD ($)
Note1
Debt Instrument, Issuance Date	Nov. 15, 2005
Debt Instrument, Payment Terms	On demand
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Face Amount	$ 82,775
Debt Instrument, Interest	46,064
Long-term Debt	$ 128,839
Note2
Debt Instrument, Issuance Date	Dec. 1, 2005
Debt Instrument, Payment Terms	On demand
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Face Amount	$ 18,800
Debt Instrument, Interest	10,462
Long-term Debt	$ 29,262
Note3
Debt Instrument, Issuance Date	Jan. 6, 2006
Debt Instrument, Payment Terms	On demand
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Face Amount	$ 100,000
Debt Instrument, Interest	55,650
Long-term Debt	$ 155,650
Note4
Debt Instrument, Issuance Date	Jul. 14, 2006
Debt Instrument, Payment Terms	On demand
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Face Amount	$ 103,975
Debt Instrument, Interest	57,864
Long-term Debt	161,839
Total
Debt Instrument, Face Amount	305,550
Debt Instrument, Interest	170,040
Long-term Debt	$ 475,590

Note 6 - Notes Payable (Details

Note 6 - Notes Payable (Details)	12 Months Ended
	Mar. 31, 2017USD ($)
Note issued on August 26, 2016
Debt Instrument, Issuance Date	Aug. 26, 2016
Debt Instrument, Description	Company issued a note payable in the amount of $25,000 to Minera Teles Pires Inc.
Debt Instrument, Face Amount	$ 25,000
Debt Instrument, Interest Rate, Stated Percentage	3.00%
Debt Instrument, Payment Terms	was due and payable on October 26, 2016
Debt Instrument, Maturity Date	Oct. 26, 2016
Debt Instrument, Debt Default, Description of Violation or Event of Default	This loan remains outstanding as of the date of this filing.
Note issued on September 15, 2016
Debt Instrument, Issuance Date	Sep. 15, 2016
Debt Instrument, Description	Company issued a note payable in the amount of $30,000 to Minera Teles Pires Inc.
Debt Instrument, Face Amount	$ 30,000
Debt Instrument, Interest Rate, Stated Percentage	4.00%
Debt Instrument, Payment Terms	was due and payable on December 14, 2016
Debt Instrument, Maturity Date	Dec. 14, 2016
Debt Instrument, Debt Default, Description of Violation or Event of Default	This loan remains outstanding as of the date of this filing.

Note 7 - Convertible Note Pay41

Note 7 - Convertible Note Payable (Details) - Convertible Note Payable	12 Months Ended
	Mar. 31, 2017USD ($)
Debt Instrument, Issuance Date	Aug. 14, 2008
Debt Instrument, Description	Company executed a 5% convertible note
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Face Amount	$ 100,000
Debt Instrument, Maturity Date	Aug. 13, 2010
Debt Instrument, Debt Default, Description of Violation or Event of Default	The note is now due and payable, however the lender has to date made no request for payment

Note 8 - Line of Credit (Detail

Note 8 - Line of Credit (Details) - USD ($)	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Line of Credit Facility, Description	Company executed a Line of Credit with Wells Fargo Bank in California
Line of Credit Facility, Maximum Borrowing Capacity	$ 47,500
Line of Credit Facility, Interest Rate During Period	7.75%
Line of Credit Facility, Collateral	unsecured
Line of Credit Facility, Covenant Terms	due on demand
Convertible Note Payable
Line of Credit Facility, Fair Value of Amount Outstanding	$ 36,074	$ 40,766

Note 9 - Common Stock (Details)

Note 9 - Common Stock (Details) - shares	12 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Common Stock, Shares, Issued	58,566,787	56,716,787
Common Stock, Shares, Outstanding	58,566,787	56,716,787
During the first quarter fiscal 2017
Equity Transaction	received $5,000 from an investor for 50,000 shares of our common stock at a price of $0.10 per share
Also During the first quarter fiscal 2017
Equity Transaction	we issued 100,000 shares of our common stock for consulting services
Common Stock, Shares, Issued	100,000
On July 29, 2016
Equity Transaction	we issued 250,000 shares of our common stock, priced at $0.06 per share, as settlement for a subscription agreement
Common Stock, Shares, Issued	250,000
On December 5, 2016
Equity Transaction	Company completed a sale of our restricted common shares to a private investor
On March 19, 2013
Equity Transaction	we 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
On November 11, 2013
Equity Transaction	Company entered into a one-year consulting agreement with Lyons Capital, LLC to provide strategic advisory services and to provide the Company introductions to potential institutional investors through Lyons Capital’s Wall Street Conferences. Lyons Capital received 1,000,000 warrants to purchase restricted common shares of our stock with a strike price of $0.23 per share
On January 25, 2015
Equity Transaction	Company authorized the issuance of a total of 5,200,000 options to purchase the Company’s restricted common stock to the executive officers and consultants
On March 27, 2015
Equity Transaction	Company authorized the issuance of an additional 900,000 options to purchase the Company’s restricted common stock for the three members of the Company’s Strategic Advisory Board

Note 10 - Subsequent Events (De

Note 10 - Subsequent Events (Details)	12 Months Ended
	Mar. 31, 2017
Event 1
Subsequent Event, Date	Apr. 5, 2017
Subsequent Event, Description	Company acquired a combination of surface and mineral title to 284 acres in the Homestake District of the Northern Black Hills through an Exploration and Mining Lease and Option to Purchase Property Agreement with Trucano Novelty Inc., of South Dakota
Event 2
Subsequent Event, Date	Jun. 23, 2017
Subsequent Event, Description	Company amended the note agreement with a principal balance of $265,000 to mature on March 27, 2018