Dakota Territory Resource (DTRC) 10-K 27 Jun 19 2019 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Mar. 31, 2019	Jun. 26, 2019	Sep. 30, 2018
Details
Registrant Name	DAKOTA TERRITORY RESOURCE CORP
Registrant CIK	0001182737
SEC Form	10-K
Period End date	Mar. 31, 2019
Fiscal Year End	--03-31
Tax Identification Number (TIN)	98-0201259
Number of common stock shares outstanding		63,216,787
Public Float			$ 1,075,739
Filer Category	Non-accelerated Filer
Current with reporting	Yes
Interactive Data Current	Yes
Voluntary filer	No
Well-known Seasoned Issuer	No
Shell Company	false
Small Business	true
Emerging Growth Company	false
Document Annual Report	true
Document Description	ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Entity File Number	000-501191
Entity Incorporation, State or Country Code	NV
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	NV
Entity Address, Postal Zip Code	89503
City Area Code	775
Local Phone Number	747-0667
Phone Fax Number Description	Registrant’s telephone number, including area code
Title of 12(g) Security	Common Stock, par value $0.001
Entity Listing, Par Value Per Share	$ 0.001
Amendment Flag	false
No Trading Symbol Flag	true
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Document Transition Report	false

Balance Sheets

Balance Sheets - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Current Assets
Cash and cash equivalents	$ 152,590	$ 19,981
Prepaid Expense and Other Assets, Current	8,851	4,333
Total current assets	161,441	24,314
Mineral Properties, Net	216,104	216,104
Total assets	377,545	240,418
Current liabilities:
Accounts Payable and Accrued Liabilities, Current	325,896	547,595
Accounts payable, related party	1,600,659	1,321,345
Line of credit	35,165	37,601
Notes Payable, Current	0	305,550
Note payable to related party	325,645	298,145
Convertible Notes Payable, Current	0	100,000
Liabilities, Current	2,287,365	2,610,236
Liabilities	2,287,365	2,610,236
Shareholders' deficit:
Preferred Stock	0	0
Common Stock	63,217	59,567
Additional paid-in capital	2,391,945	1,955,036
Accumulated deficit	(4,365,000)	(4,384,421)
Total shareholders' deficit	(1,909,820)	(2,369,818)
Total liabilities and shareholders' deficit	$ 377,545	$ 240,418

Balance Sheets - Parenthetical

Balance Sheets - Parenthetical - $ / shares	Mar. 31, 2019	Mar. 31, 2018
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	63,216,787	59,566,787
Common Stock, Shares, Outstanding	63,216,787	59,566,787

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating expenses:
Exploration costs	$ 53,367	$ 42,355
General and administrative expenses	554,067	401,935
Total operating expenses	607,434	444,290
Operating loss	(607,434)	(444,290)
Other Nonoperating Income (Expense)
Gain on debt extinguishment	660,239	0
Interest expense	(33,366)	(32,724)
Total other income (expense)	626,873	(32,724)
Net income (loss) before income tax expense (benefit)	19,439	(477,014)
Income tax expense (benefit)	0	0
Net Income (Loss)	$ 19,439	$ (477,014)
Net loss per share:
Basic and diluted net loss per common share	$ 0	$ (0.01)
Basic and diluted weighted-average common shares outstanding	60,759,801	58,920,212

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, 2017	$ 0	$ 58,567	$ 1,856,036	$ (3,907,407)	$ (1,992,804)
Preferred Stock, Shares Outstanding, Beginning Balance at Mar. 31, 2017	0
Common Stock, Shares, Outstanding, Beginning Balance at Mar. 31, 2017		58,566,787
Cash received for stock subscription	$ 0	$ 1,000	99,000	0	100,000
Cash received for stock subscription	0	1,000,000
Net Income (Loss)	$ 0	$ 0	0	(477,014)	$ (477,014)
Preferred Stock, Shares Outstanding, Ending Balance at Mar. 31, 2018	0				0
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2018		59,566,787			59,566,787
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2018	$ 0	$ 59,567	1,955,036	(4,384,421)	$ (2,369,818)
Stock-based compensation options	0	0	117,559	0	117,559
Stock-based compensation common stock, value	0	$ 600	17,400	0	18,000
Stock-based compensation common stock, shares		600,000
Stock Issued During Period, Value, New Issues	$ 0	$ 3,050	301,950	0	305,000
Stock Issued During Period, Shares, New Issues	0	3,050,000
Net Income (Loss)	$ 0	$ 0	0	19,439	$ 19,439
Preferred Stock, Shares Outstanding, Ending Balance at Mar. 31, 2019	0				0
Common Stock, Shares, Outstanding, Ending Balance at Mar. 31, 2019		63,216,787			63,216,787
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Ending Balance at Mar. 31, 2019	$ 0	$ 63,217	$ 2,391,945	$ (4,364,982)	$ (1,909,820)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows from Operating Activities
Net Income (Loss)	$ 19,439	$ (477,014)
Changes in operating assets and liabilities:
Gain on extinguishment of debt	(660,239)	0
Stock based compensation	135,559	0
Prepaid expenses and other assets	(4,518)	(333)
Accounts payable & accrued liabilities	32,990	45,864
Accounts payable, related party	279,314	302,603
Net cash used in operating activities	(197,455)	(128,880)
Cash flows from financing activities:
Proceeds from the issuance of note payable - related party	27,500	(21,855)
Proceeds from the issuance of common stock	305,000	100,000
Proceeds from (repayments of) line of credit	(2,436)	1,527
Net cash provided by financing activities	330,064	79,672
Net increase (decrease) in cash	132,609	(49,208)
Cash and cash equivalents	19,981	69,189
Cash and cash equivalents	152,590	19,981
Supplemental disclosure of cash flow information
Cash paid for interest	0	0
Cash paid for income taxes	$ 0	$ 0

Note 1 - Organization and Natur

Note 1 - Organization and Nature of Business	12 Months Ended
	Mar. 31, 2019
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 in the United States of America 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. In November 2018, we acquired 42 unpatented lode mining claims covering approximately 718 acres located immediately to the north and adjacent to the Company’s City Creek Property. The acquisition was based on recently completed inversion modeling of its geophysical survey data. Through this staking, the City Creek project area was expanded from approximately 449 acres to 1,167 acres and the Company’s overall land holdings in the Homestake District were increased from 3,341 acres to approximately 4,059 acres in total. 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 $4,365,000 since inception and through the year ended March 31, 2019 and has yet to achieve profitable operations, and projects further losses in the development of its business. At March 31, 2019, the Company had a working capital deficit of approximately $2,126,000. 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, 2019
Notes
Note 2 - Summary of Accounting Policies	Note 2 Summary of Accounting Policies Basis of Presentation Our financial records are 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 and liabilities measured at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures · 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 Our financial instruments consist principally of cash, prepaid expense, 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 The Company computes basic and diluted income (loss) per share amounts pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic loss per share is computed by dividing net income (loss) available to common shareholders, by the weighted average number of shares of common stock outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted income (loss) per share is computed by dividing net income (loss) available to common shareholders by the diluted weighted average number of shares of common stock during the period. The diluted weighted average number of common shares outstanding is the basic weighted number of shares adjusted as of the first day of the year for any potentially diluted debt or equity. The dilutive effect of outstanding options and warrants is reflected in diluted earnings per share by application of the treasury stock method. There was no impact since the options and warrants are dilutive. 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 In May 2014, the FASB issued its final standard on revenue from contracts with customers. The standard, issued as ASU No. 2014-09: Revenue from Contracts with Customers (Topic 606) by the FASB, outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that “an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” ASU 2014-09 becomes effective for reporting periods (including interim periods) beginning after December 15, 2017. This new standard permits the use of either the retrospective or cumulative effect transition method. Because the Company has no revenues, the new guidance is not expected to have a material impact on its financial statements and related disclosures. Pronouncements between March 31, 2019 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 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, 2019
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 Chief Geological Officer (“CGO”) 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, 2019, we incurred approximately $138,000 in management fees and rent from Minera Teles Pires Inc. As of March 31, 2019, we owed Minera Teles Pires approximately $825,000 for management fees and out of pocket expenses. In March 2013, the Company memorialized and restructured a debt obligation owed to International Mineral Resources Ltd., an affiliate of Mr. Bachman, Director, in the amount of $265,000, extending the maturity date to March 2016, with certain pre-payment obligations in the amount of 10% of gross proceeds from any financing exceeding $500,000. This obligations bear interest at a rate of 4% per annum. This note is now due and payable. Effective February 24, 2012, we began paying consulting fees to Jerikodie, Inc., a company controlled by our CEO, 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, we incurred approximately $108,000 in consulting fees from Jerikodie, Inc. As of March 31, 2019, we owed Jerikodie, Inc. approximately $625,000 for consulting fees and out of pocket expenses. The Company and Mr. Mathers, in connection with his appointment as Chief Financial Officer, entered into a consulting agreement whereby the Company agreed to compensate Mr. Mathers with 100,000 shares of Common Stock issued and a five-year option to purchase 1,000,000 shares of Common Stock at an exercise price of 0.14 per share. As of the date hereof, these options have expired. In May 2018, the Company agreed to issue a ten-year option to purchase 1,300,000 shares of Common Stock at an exercise price of 0.08 per share. The Company also agreed to pay to Mr. Mathers cash consideration 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. In January 2013, Mr. Mathers purchased 50,000 shares of Common Stock for $5,000. As of March 31, 2019, we owed Mr. Mathers approximately $151,000 for consulting fees. 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. The Company paid $21,855 in principle during the year ended March 31, 2018. The remainder of the loan is outstanding as of the date of this filing. On On June 6, 2018, we received an advance from our CGO in the amount of $7,000 for working capital. The advance is due on demand and bears no interest. On August 10 , 2018 , the Company issued a note payable in the amount of $20,500 to Jerikodie, Inc., a Company controlled by our President and CEO , for the purpose of funding ongoing operating expenses. On January 2, 2019 , the Company entered into a Strategic Advisory agreement with Mr. Graber . As consideration for this position, the Company granted this individual 300,000, 10-year common stock options at an exercise price of $0.08 per share. The Black-Scholes pricing model was used to estimate the fair value of the 300,000 options issued during the period. Using the assumption of a risk free interest rate of 2.7%, dividend yield of 0%, volatility of 330%, and an expected life of one year. The options have a fair value of approximately $13,00 and have not been exercised. On February 5, 2019 , the Company entered into an agreement for legal services in regards to various Corporate and securities law matters . In consideration of services to be performed, the Company has agreed to pay a monthly fee of $2,000 in cash and issue upon the date hereof a warrant to purchase up to 500,000 shares of our common stock, at the exercise price of $0.08 per share, on or before December 31, 2024. Effective February 5, 2019, and continuing on the first day of each subsequent calendar month thereafter, 41,667 shares of our common stock shall vest and become exercisable under this warrant (all 500,000 shares shall vest on January 1, 2020), provided that on such vesting date, our legal engagement with us has not been terminated by us.

Note 4 - Mineral Properties

Note 4 - Mineral Properties	12 Months Ended
	Mar. 31, 2019
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. On April 5, 2017 the Company acquired options to purchase a combination of surface and mineral titles 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. The Company is required to make annual lease payments totaling $20,000 for a period of 5 years, of which $20,000 was due upon execution of the agreement. The Company has an option to purchase the mineral properties for total price of $626,392. As of March 31, 2019 the Company is current on all required annual lease payments. In November 2018, we acquired 42 unpatented lode mining claims covering approximately 718 acres located immediately to the north and adjacent to the Company’s City Creek Property. The acquisition was based on recently completed inversion modeling of its geophysical survey data. Through this staking, the City Creek project area was expanded from approximately 449 acres to 1,167 acres and the Company’s overall land holdings in the Homestake District were increased from 3,341 acres to approximately 4,059 acres in total. The Company March 31, March 31, 2019 2018 Capitalized costs $ 216,104 $ 216,104 Accumulated amortization - - Impairment - - Capitalized costs, net $ 216,104 $ 216,104

Note 5 - Income Taxes

Note 5 - Income Taxes	12 Months Ended
	Mar. 31, 2019
Notes
Note 5 - Income Taxes	Note 5 Income Taxes The table sets forth a reconciliation of the statutory federal income tax for the years ended March 31: 2019 2018 Income (Loss) before income taxes $ 19,439 $ (477,014) Income tax benefit computed at statutory rates $ 4,000 $ (100,000) Increase in valuation allowance (10,000) 86,000 Impact of change in tax rates - - Temporary differences, stock compensation (4,000) - Temporary differences, exploration costs 10,000 14,000 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 in the United States of America, 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 are as follows: 2019 2018 Deferred tax assets (liability) Net operating loss carryforwards $ 1,168,000 $ 2,041,000 Impact of change in tax rate - (863,000) Net capital loss carryforwards 326,000 326,000 Less: valuation allowance (1,494,000) (1,504,000) 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 $5,560,000 will begin to expire in 2027. 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, 2019 or March 31, 2018. 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, 2019
Notes
Note 6 - Notes Payable	Note 6 Notes Payable For the year ended March 31, 2019, the Company extinguished 10 year debt due to 2 in Under the statute of limitations in Nevada the debt is no longer enforceable and the noteholders are no longer in existence Notes Payable to Related Party The Company has a note payable to its President that 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, 2019 and remains unpaid. 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 . The Company paid $21,855 in principle during the year ended March 31, 2018. The remainder of the loan is 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 . On June 6, 2018, we received an advance from our CGO in the amount of $7,000 for working capital. The advance is due on demand and bears no interest. On August 10, 2018 and January 3, 2019, the Company issued a notes payable totaling $20,500 to Jerikodie, a Company controlled by our President, for the purpose of funding ongoing operating expenses. The notes bear annual interest of 3% and were due as of September 30, 2018 and March 31, 2019, respectively. These loans remain outstanding as of the date of this filing.

Note 7 - Line of Credit

Note 7 - Line of Credit	12 Months Ended
	Mar. 31, 2019
Notes
Note 7 - Line of Credit	Note 7 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 $47,500 . 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, 2019 and 2018 was $35,165 and $37,601 , respectively.

Note 8 - Convertible Note Payab

Note 8 - Convertible Note Payable	12 Months Ended
	Mar. 31, 2019
Notes
Note 8 - Convertible Note Payable	Note 8 Convertible Note Payable For the year ended March 31, 2019, we extinguished debt to an entity in the amount of $154,098 Under the statute of limitations in Nevada the debt is no longer enforceable and the noteholders are no longer in existence

Note 9 - Common Stock

Note 9 - Common Stock	12 Months Ended
	Mar. 31, 2019
Notes
Note 9 - Common Stock	Note 9 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, On July 19, 2018, the Company issued 300,000 shares of restricted common stock, at $0.03 per share, to a consultant for services values at approximately $9,000. On August 21, 2018, the Company completed a sale of our restricted common shares to a private investor. The Company sold a total of 750,000 shares of restricted common stock at a price of $0.10 per share for an aggregate amount of $75,000 received by the Company. In addition, the Company issued a warrant to purchase an additional 750,000 shares of our restricted common stock at an exercise price of $0.10 per share on or before August 20, 2019. As of March 31, 2019, the warrant has not been exercised. On October 2, 2018, the Company issued 300,000 shares of restricted common stock, at $0.03 per share, to a consultant for services values at approximately $9,000. On January 2, 2019, the Company entered into a Strategic Advisory agreement with an individual. As consideration for this position, the Company granted this individual 300,000, 10-year common stock options at an exercise price of $0.08 per share. The Black-Scholes pricing model was used to estimate the fair value of the 300,000 options issued during the period, using the assumptions of a risk free interest rate of 2.7%, dividend yield of 0%, volatility of 330%, and an expected life of one year. The options have a fair value of approximately $13,000 and have not been exercised. On February 5, 2019, the Company entered into an agreement for legal services in regards to various corporate and securities law matters. In consideration of services to be performed, the Company has agreed to pay a monthly fee of $2,000 in cash and issue upon the date hereof a warrant to purchase up to 500,000 shares of our common stock, at the exercise price of $0.08 per share, on or before December 31, 2024. Effective February 5, 2019, and continuing on the first day of each subsequent calendar month thereafter, 41,667 shares of our common stock shall vest and become exercisable under this warrant (all 500,000 shares shall vest on January 1, 2020), provided that on such vesting date, our legal engagement with us has not been terminated by us. The Black-Scholes pricing model was used to estimate the fair value of the 500,000 options issued during the period, using the assumptions of a risk free interest rate of 1.1%, dividend yield of 0%, volatility of 288%, and an expected life of one year. The options have a fair value of approximately $14,000 and have not been exercised. In February 2019, the Company completed a sale of our restricted common shares to private investors. The Company sold a total of 2,300,000 shares of restricted common stock at a price of $0.10 per share for an aggregate amount of $230,000 received by the Company. In addition, the Company issued warrants to purchase an additional 2,300,000 shares of our restricted common stock at an exercise price of $0.10 per share on or before February, 2020. The warrants have not been exercised. On May 21, 2018, the Board approved the issuance of 1,300,000 common stock plan options with an exercise price of $0.08 per share. The options were granted to replace Mr. Mathers 1,000,000 options which expired on March 19, 2018. The term of the new options is 7 years and vest immediately. The Black-Scholes pricing model was used to estimate the fair value of the 1,300,000 options issued during the period, using the assumptions of a risk free interest rate of 1.1%, dividend yield of 0%, volatility of 295%, and an expected life of 7 years. We have determined these options to have an approximate fair value of approximately $91,000. These options have been expensed during the year ended March 31, 2019. At March 31, 2019, the total issued and outstanding shares were 63,216,787. Common Stock Options and Warrants A summary of the Company's stock option activity and related information for the two year period ended March 31, 2019 is as follows: Options Price Range Weighted Average Remaining Life (Years) Outstanding March 31, 2018 7,350,000 $ 0.06 – 0.14 5.78 Granted 2,100,000 $ 0.07 – 0.08 6.68 Cancelled/Expired (1,000,000) $ 0.14 - Exercised - - - Outstanding and exercisable March 31, 2019 8,450,000 0.06 – 0.13 6.06 A summary of the Company's stock warrant activity and related information for the two year period ended March 31, 2019 is as follows: Warrants Price Range Weighted Average Remaining Life (Years) Outstanding March 31, 2018 - $ - - Granted 3,050,000 $ 0.08 - .10 13.07 Cancelled/Expired - - - Exercised - - - Outstanding and exercisable March 31, 2019 3,050,000 $ 0.08 - .10 13.07

Note 10 - Subsequent Events

Note 10 - Subsequent Events	12 Months Ended
	Mar. 31, 2019
Notes
Note 10 - Subsequent Events	Note 10 Subsequent Events On May 7, 2019 , the Company entered into a new five-year Lease with Option to Purchase Agreement for the Squaw and Rubber Neck Lodes that comprise Mineral Survey 1706, which is a key component of the Company’s overall Homestake Paleoplacer Property in the Black Hills

Note 1 - Organization and Nat_2

Note 1 - Organization and Nature of Business: Going Concern (Policies)	12 Months Ended
	Mar. 31, 2019
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 $4,365,000 since inception and through the year ended March 31, 2019 and has yet to achieve profitable operations, and projects further losses in the development of its business. At March 31, 2019, the Company had a working capital deficit of approximately $2,126,000. 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 Accountin_2

Note 2 - Summary of Accounting Policies: Basis of Presentation (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Basis of Presentation	Basis of Presentation Our financial records are on the accrual basis of accounting in accordance with accounting principles generally accepted in the United States.

Note 2 - Summary of Accountin_3

Note 2 - Summary of Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Mar. 31, 2019
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 Accountin_4

Note 2 - Summary of Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Mar. 31, 2019
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 Accountin_5

Note 2 - Summary of Accounting Policies: Revenue Recognition (Policies)	12 Months Ended
	Mar. 31, 2019
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 Accountin_6

Note 2 - Summary of Accounting Policies: Mineral Property Costs (Policies)	12 Months Ended
	Mar. 31, 2019
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 Accountin_7

Note 2 - Summary of Accounting Policies: Fair Value Measurements (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Fair Value Measurements	Fair Value Measurements We account for assets and liabilities measured at fair value in accordance with ASC 820, Fair Value Measurements and Disclosures · 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 Our financial instruments consist principally of cash, prepaid expense, 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 Accountin_8

Note 2 - Summary of Accounting Policies: Environmental Costs (Policies)	12 Months Ended
	Mar. 31, 2019
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 Accountin_9

Note 2 - Summary of Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Mar. 31, 2019
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 Accounti_10

Note 2 - Summary of Accounting Policies: Basic and Diluted Loss Per Share (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Basic and Diluted Loss Per Share	Basic and Diluted Loss Per Share The Company computes basic and diluted income (loss) per share amounts pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Basic loss per share is computed by dividing net income (loss) available to common shareholders, by the weighted average number of shares of common stock outstanding during the period, excluding the effects of any potentially dilutive securities. Diluted income (loss) per share is computed by dividing net income (loss) available to common shareholders by the diluted weighted average number of shares of common stock during the period. The diluted weighted average number of common shares outstanding is the basic weighted number of shares adjusted as of the first day of the year for any potentially diluted debt or equity. The dilutive effect of outstanding options and warrants is reflected in diluted earnings per share by application of the treasury stock method. There was no impact since the options and warrants are dilutive.

Note 2 - Summary of Accounti_11

Note 2 - Summary of Accounting Policies: Stock-Based Compensation (Policies)	12 Months Ended
	Mar. 31, 2019
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 Accounti_12

Note 2 - Summary of Accounting Policies: Recent Accounting Pronouncements (Policies)	12 Months Ended
	Mar. 31, 2019
Policies
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued its final standard on revenue from contracts with customers. The standard, issued as ASU No. 2014-09: Revenue from Contracts with Customers (Topic 606) by the FASB, outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance. The core principle of the revenue model is that “an entity recognizes revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.” ASU 2014-09 becomes effective for reporting periods (including interim periods) beginning after December 15, 2017. This new standard permits the use of either the retrospective or cumulative effect transition method. Because the Company has no revenues, the new guidance is not expected to have a material impact on its financial statements and related disclosures. Pronouncements between March 31, 2019 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 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, 2019
Tables/Schedules
Schedule of Mineral Properties Costs	March 31, March 31, 2019 2018 Capitalized costs $ 216,104 $ 216,104 Accumulated amortization - - Impairment - - Capitalized costs, net $ 216,104 $ 216,104

Note 5 - Income Taxes_ Schedule

Note 5 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Tables)	12 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Components of Income Tax Expense (Benefit)	2019 2018 Income (Loss) before income taxes $ 19,439 $ (477,014) Income tax benefit computed at statutory rates $ 4,000 $ (100,000) Increase in valuation allowance (10,000) 86,000 Impact of change in tax rates - - Temporary differences, stock compensation (4,000) - Temporary differences, exploration costs 10,000 14,000 Tax benefit $ - $ -

Note 5 - Income Taxes_ Schedu_2

Note 5 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Deferred Tax Assets and Liabilities	2019 2018 Deferred tax assets (liability) Net operating loss carryforwards $ 1,168,000 $ 2,041,000 Impact of change in tax rate - (863,000) Net capital loss carryforwards 326,000 326,000 Less: valuation allowance (1,494,000) (1,504,000) Net deferred tax assets $ - $ -

Note 9 - Common Stock_ Schedule

Note 9 - Common Stock: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	12 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Share-based Compensation, Stock Options, Activity	Options Price Range Weighted Average Remaining Life (Years) Outstanding March 31, 2018 7,350,000 $ 0.06 – 0.14 5.78 Granted 2,100,000 $ 0.07 – 0.08 6.68 Cancelled/Expired (1,000,000) $ 0.14 - Exercised - - - Outstanding and exercisable March 31, 2019 8,450,000 0.06 – 0.13 6.06

Note 9 - Common Stock_ Schedu_2

Note 9 - Common Stock: Schedule of Share-based Compensation, Warrants, Activity (Tables)	12 Months Ended
	Mar. 31, 2019
Tables/Schedules
Schedule of Share-based Compensation, Warrants, Activity	Warrants Price Range Weighted Average Remaining Life (Years) Outstanding March 31, 2018 - $ - - Granted 3,050,000 $ 0.08 - .10 13.07 Cancelled/Expired - - - Exercised - - - Outstanding and exercisable March 31, 2019 3,050,000 $ 0.08 - .10 13.07

Note 1 - Organization and Nat_3

Note 1 - Organization and Nature of Business (Details)	12 Months Ended
	Mar. 31, 2019
Entity Incorporation, State or Country Code	NV
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 Nat_4

Note 1 - Organization and Nature of Business: Going Concern (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Details
Accumulated deficit	$ (4,365,000)	$ (4,384,421)

Note 3 - Related Party Transa_2

Note 3 - Related Party Transactions (Details)	12 Months Ended
	Mar. 31, 2019
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	Aug. 26, 2016
Related Party Transaction, Description of Transaction	Company issued a note payable in the amount of $25,000 to Minera Teles Pires Inc., a Company controlled by our President
Transaction 4
Related Party Transaction, Date	Sep. 15, 2016
Related Party Transaction, Description of Transaction	Company issued a note payable in the amount of $30,000 to Minera Teles Pires Inc., a Company controlled by our President
Transaction 5
Related Party Transaction, Date	Jun. 6, 2018
Related Party Transaction, Description of Transaction	we received an advance from our CGO in the amount of $7,000 for working capital
Transaction 6
Related Party Transaction, Date	Aug. 10, 2018
Related Party Transaction, Description of Transaction	Company issued a note payable in the amount of $20,500 to Jerikodie, Inc., a Company controlled by our President and CEO
Transaction 7
Related Party Transaction, Date	Jan. 2, 2019
Related Party Transaction, Description of Transaction	Company entered into a Strategic Advisory agreement with Mr. Graber
Transaction 8
Related Party Transaction, Date	Feb. 5, 2019
Related Party Transaction, Description of Transaction	Company entered into an agreement for legal services in regards to various Corporate and securities law matters

Note 4 - Mineral Properties_ _2

Note 4 - Mineral Properties: Schedule of Mineral Properties Costs (Details) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Details
Mineral Properties, Capitalized costs	$ 216,104	$ 216,104
Mineral Properties, Accumulated amortization	0	0
Mineral Properties, Capitalized costs, net	$ 216,104	$ 216,104

Note 5 - Income Taxes_ Schedu_3

Note 5 - Income Taxes: Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Details
Net Income (Loss)	$ 19,439	$ (477,014)
Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount	4,000	(100,000)
Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount	(10,000)	86,000
Effective Income Tax Rate Reconciliation, Other Adjustments, Amount	0	0
Temporary differences, stock compensation	(4,000)	0
Temporary differences, exploration costs	$ 10,000	$ 14,000

Note 5 - Income Taxes_ Schedu_4

Note 5 - Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($)	Mar. 31, 2019	Mar. 31, 2018
Deferred Tax Assets, Operating Loss Carryforwards, Components
Deferred Tax Assets, Operating Loss Carryforwards	$ 1,168,000	$ 2,041,000
Impact of change in tax rate	0	(863,000)
Deferred Tax Assets, Capital Loss Carryforwards	326,000	326,000
Deferred Tax Assets, Valuation Allowance	(1,494,000)	(1,504,000)
Deferred Tax Assets, Net of Valuation Allowance	$ 0	$ 0

Note 6 - Notes Payable (Details

Note 6 - Notes Payable (Details)	12 Months Ended
	Mar. 31, 2019USD ($)
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	The remainder of the loan is 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
On August 10, 2018 and January 3, 2019
Debt Instrument, Description	notes payable totaling $20,500
Debt Instrument, Face Amount	$ 20,500
Debt Instrument, Interest Rate, Stated Percentage	3.00%

Note 7 - Line of Credit (Detail

Note 7 - Line of Credit (Details) - USD ($)	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
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	$ 35,165	$ 37,601

Note 9 - Common Stock (Details)

Note 9 - Common Stock (Details) - $ / shares	12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Common Stock, Shares Authorized	300,000,000	300,000,000
Common Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.001	$ 0.001
Common Stock, Shares, Issued	63,216,787	59,566,787
Common Stock, Shares, Outstanding	63,216,787	59,566,787
On July 19, 2018
Stock Issued During Period, Shares, Restricted Stock Award, Gross	300,000
On August 21, 2018
Stock Issued During Period, Shares, Restricted Stock Award, Gross	750,000
On October 2, 2018
Stock Issued During Period, Shares, Restricted Stock Award, Gross	300,000
In February 2019
Stock Issued During Period, Shares, Restricted Stock Award, Gross	2,300,000

Note 9 - Common Stock_ Schedu_3

Note 9 - Common Stock: Schedule of Share-based Compensation, Stock Options, Activity (Details) - Stock Options	12 Months Ended
	Mar. 31, 2018$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance | shares	7,350,000
Share-based compensation arrangement by share-based payment award, Options outstanding, Weighted Average Remaining Life in Years	5.78
Stock-based compensation common stock, shares | shares	2,100,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period | shares	(1,000,000)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance | shares	8,450,000
Share-based compensation arrangement by share-based payment award, Options outstanding, Weighted Average Remaining Life in Years	6.06
Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 0.06
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ / shares	0.06
Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ / shares	0.14
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ / shares	$ 0.13

Note 9 - Common Stock_ Schedu_4

Note 9 - Common Stock: Schedule of Share-based Compensation, Warrants, Activity (Details) - Stock Warrants	12 Months Ended
	Mar. 31, 2019$ / sharesshares	Mar. 31, 2018$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance	3,050,000	0
Share-based compensation arrangement by share-based payment award, Options outstanding, Weighted Average Remaining Life in Years	13.07	0
Stock-based compensation common stock, shares		3,050,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period		0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Ending Balance		3,050,000
Share-based compensation arrangement by share-based payment award, Options outstanding, Weighted Average Remaining Life in Years		13.07
Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 0.08
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ / shares		$ 0.08
Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Beginning Balance | $ / shares	$ 0.10
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance | $ / shares		$ 0.10

Note 10 - Subsequent Events (De

Note 10 - Subsequent Events (Details)	12 Months Ended
	Mar. 31, 2019
Details
Subsequent Event, Date	May 7, 2019
Subsequent Event, Description	Company entered into a new five-year Lease with Option to Purchase Agreement for the Squaw and Rubber Neck Lodes