Lode-Star Mining (LSMG) S-1 14 Sep 16 IPO registration Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2016
Document And Entity Information
Entity Registrant Name	Lode-Star Mining Inc.
Entity Central Index Key	1,319,643
Document Type	S1
Document Period End Date	Jun. 30, 2016
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Is Entity a Well-known Seasoned Issuer?	No
Is Entity a Voluntary Filer?	No
Is Entity's Reporting Status Current?	Yes
Entity Filer Category	Smaller Reporting Company

BALANCE SHEETS

BALANCE SHEETS - USD ($)	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
ASSETS
Cash	$ 13,121	$ 12,456	$ 5,372
Prepaid fees	3,217	3,217	0
Current assets	16,338	15,673	5,372
Mineral Property Interest	230,180	230,180	230,180
Total Assets	246,518	245,853	235,552
LIABILITIES
Accounts payable and accrued liabilities	24,431	14,302	38,397
Due to related parties	640,701	495,384	139,353
Loans payable	69,520	76,180	135,825
Liabilities Current	734,652	585,866	313,575
Contractual Obligations, Commitments And Subsequent Events (Notes 4, 8 and 10)
STOCKHOLDERS' DEFICIENCY
Capital Stock Authorized: 480,000,000 voting common shares with a par value of $0.001 per share, 20,000,0000 preferred shares with a par value of $0.001 per share Issued: 49,127,825 common shares at June 30, 2016 and December 31, 2015 (46,509,000 common shares at December 31, 2014)	1,947	1,947	465
Additional Paid-In Capital	1,070,064	1,070,064	922,215
Accumulated Deficit	(1,560,145)	(1,412,024)	(1,000,703)
Stockholders' deficiency	(488,134)	(340,013)	(78,023)
Liabilities and Stockholders' Deficiency	$ 246,518	$ 245,853	$ 235,552

BALANCE SHEETS (Parenthetical)

BALANCE SHEETS (Parenthetical) - $ / shares	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
STOCKHOLDERS' DEFICIENCY
Common stock, par value	$ 0.001	$ 0.001	$ .00001
Common stock, Authorized	480,000,000	480,000,000	100,000,000
Common stock, Issued	49,127,825	49,127,825	46,509,000
Preferred stock, par value	$ 0.001	$ 0.001	$ 0
Preferred stock, Authorized	20,000,000	20,000,000	0
Preferred stock, Issued	0	0	0

STATEMENTS OF OPERATIONS

STATEMENTS OF OPERATIONS - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Income Statement [Abstract]
Revenue	$ 0	$ 0	$ 0	$ 0	$ 0	$ 0
Operating Expenses
Consulting services	6,121	12,832	11,823	13,255	121,409	60,653
Corporate support services	572	1,265	1,142	2,550	12,759	2,594
Mineral option fees	25,000	0	49,988	0	123,913	0
Office, foreign exchange and sundry	3,756	(4,236)	8,117	6,061	10,136	(913)
Professional fees	8,311	19,357	23,878	39,709	94,783	92,861
Transfer and filing fees	3,084	22,067	19,411	27,049	27,796	14,470
Total expenses	46,844	51,285	114,359	88,624	390,796	169,665
Operating Loss Before Other Income (Expense)	(46,844)	(51,285)	(114,359)	(88,624)	(390,796)	(169,665)
Other Income (Expense)
Gain on debt forgiveness					0	61,263
Interest, bank and finance charges	(7,073)	(4,882)	(13,649)	(9,070)	(20,525)	(10,015)
Penalties	20,113	0	(20,113)	0
Total Other Income (Expense)	13,040	(4,882)	(33,762)	(9,070)	(20,525)	51,248
Net Loss For The Period	$ (33,804)	$ (56,167)	$ (148,121)	$ (97,694)	$ (411,321)	$ (118,417)
Basic And Diluted Loss Per Common Share	$ 0	$ 0	$ 0	$ 0	$ (0.01)	$ (0.01)
Weighted Average Number Of Common Shares Outstanding	49,127,825	47,582,242	49,127,825	47,048,586	47,436,336	13,426,808

STATEMENTS OF CASH FLOWS

STATEMENTS OF CASH FLOWS - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Cash Provided By (Used In) Operating Activites
Net loss for the period	$ (148,121)	$ (97,694)	$ (411,321)	$ (118,417)
Adjustments to reconcile net loss to net cash used in operating activities:
Foreign exchange loss (gain)	1,720	(2,050)	(4,791)	0
Stock issued for services			29,397	0
Warrants issued for services			66,721	0
Gain on debt forgiveness			0	(61,263)
Changes in operating assets and liabilities:
Prepaid expenses			(3,217)	0
Accounts payable and accrued liabilities	48,644	(13,476)	33,194	21,584
Due to related party	49,988	0	123,913	0
Accrued interest payable	13,434	8,769	19,788	9,134
Net cash used in Operating Activities	(34,335)	(104,451)	(146,316)	(148,962)
Financing Activities
Repayment of loans payable	(10,000)	(4,000)	(14,000)	0
Repayment of loans payable - related party			(5,000)	0
Proceeds from loans payable			0	17,484
Proceeds from loans payable - related party	45,000	102,606	172,400	136,829
Net cash provided by Financing Activities	35,000	98,606	153,400	154,313
Net Increase (Decrease) In Cash	665	(5,845)	7,084	5,351
Cash, beginning of year	12,456	5,372	5,372	21
Cash, end of year	13,121	(473)	12,456	5,372
Supplemental Disclosure Of Cash Flow Information
Cash paid during the period for Interest	0	0	0	0
Cash paid during the period for Income taxes	0	0	0	0
Non-cash Financing Activity
Expenses paid by related party on behalf of the Company	38,515	16,469	57,289	0
Common shares issued for debt settlements	$ 0	$ 53,213	53,213	0
Common shares issued for mineral property interest			$ 0	$ 230,180

STATEMENTS OF STOCKHOLDERS' EQU

STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($)	Common Stock	Additional Paid-In Capital	Accumulated Deficit	Total
Beginning Balance - Shares at Dec. 31, 2013	11,509,000
Beginning Balance - Amount at Dec. 31, 2013	$ 115	$ 692,385	$ (882,286)	$ (189,786)
Shares issued for mineral property interest, shares	35,000,000
Shares issued for mineral property interest, amount	$ 350	229,830		230,180
Net loss for the year			(118,417)	(118,417)
Ending Balance, Shares at Dec. 31, 2014	46,509,000
Ending Balance, Amount at Dec. 31, 2014	$ 465	922,215	(1,000,703)	(78,023)
Shares issued for debt, amount	$ 12	53,201		53,213
Shares issued for debt, shares	1,149,000
Shares issued for consulting services, shares	1,469,825
Shares issued for consulting services, amount	$ 1,470	27,927		29,397
Warrants issued for consulting services		66,721		66,721
Net loss for the year			(411,321)	(411,321)
Ending Balance, Shares at Dec. 31, 2015	49,127,825
Ending Balance, Amount at Dec. 31, 2015	$ 1,947	$ 1,070,064	$ (1,412,024)	(340,013)
Net loss for the year				(148,121)
Ending Balance, Amount at Jun. 30, 2016				$ (488,134)

1. BASIS OF PRESENTATION AND NA

1. BASIS OF PRESENTATION AND NATURE OF OPERATIONS	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Notes to Financial Statements
NOTE 1 - BASIS OF PRESENTATION AND NATURE OF OPERATIONS	Organization and Nature of Operations Lode-Star Mining Inc. (formerly International Gold Corp.) (“the Company”) was incorporated in the State of Nevada, U.S.A., on December 9, 2004. The Company’s principal executive offices are located in Cypress, Texas. The Company was originally formed for the purpose of acquiring exploration stage natural resource properties. The Company acquired a mineral property interest from Lode Star Gold Inc., a private Nevada corporation (“LSG”) on December 11, 2014 (See Note 3) in consideration for the issuance of 35,000,000 common shares of the Company. As a result of this transaction, control of the Company was acquired by LSG. On May 12, 2015, International Gold Corp. completed a merger with its wholly owned subsidiary, Lode-Star Mining Inc., and formally assumed the subsidiary’s name by filing Articles of Merger with the Nevada Secretary of State (the “Name Change”). The subsidiary was incorporated entirely for the purpose of effecting the Name Change and the merger did not affect the Company’s corporate structure in any other way. Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The future of the Company is dependent upon its ability to establish a business and to obtain new financing to execute a business plan. As shown in the accompanying financial statements, the Company has incurred accumulated losses of $1,560,145 for the period from December 9, 2004 (inception) to June 30, 2016, and has had no revenue. There is no assurance that management’s plans to seek additional capital through private placements of its common stock will be realized, and these factors cast substantial doubt upon the use of the going concern assumption. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence. Basis of Presentation The unaudited financial information furnished herein reflects all adjustments which, in the opinion of management, are necessary to fairly state the Company’s financial position and the results of its operations for the periods presented. These first quarter financial statements should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s report on Form 10-K for the year ended December 31, 2015. The Company assumes that the users of the interim financial information herein have read, or have access to, the audited financial statements for the preceding fiscal year, and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context. Accordingly, footnote disclosure which would substantially duplicate the disclosure contained in the Company’s financial statements for the fiscal year ended December 31, 2015, has been omitted. The results of operations for the six month period ended June 30, 2016 are not necessarily indicative of results for the entire year ending December 31, 2016. Reclassification of Prior Year Presentation Certain prior year amounts have been reclassified to conform to the current period presentation. These reclassifications on the interim statement of cash flows for the six months ended June 30, 2015 had no effect on the reported results of operations. Expenses paid by a related party on behalf of the Company were removed from the net amount of loan advances and from the change in accounts payable, and are shown as a Non-cash Financing Activity. The foreign exchange gain component of the change in loan balances was removed and shown as an adjustment to reconcile net loss to net cash used in operating activities. Accrued interest that was exchanged for shares to be issued was removed from the decrease in accrued liabilities and from the net amount of loan advances. The amount is included in Non-cash Financing Activity, as part of Common shares issued for debt settlements. The remaining net amount of loan advances was separated into repayments of loans payable to non-related parties, and loan proceeds from related parties. These changes in classification decreased the amount previously reported as Cash Used In Operating Activities for the six months ended June 30, 2015 from $145,621 to $104,451. Offsetting that change, the amount previously reported for the 2015 period as Cash Provided By Financing Activities decreased from $139,776 to $98,606.	Organization Lode-Star Mining Inc. (formerly International Gold Corp.) (“the Company”) was incorporated in the State of Nevada, U.S.A., on December 9, 2004. The Company’s principal executive offices are located in Cypress, Texas. The Company was originally formed for the purpose of acquiring exploration stage natural resource properties. The Company acquired a mineral property interest from Lode Star Gold Inc., a private Nevada corporation (“LSG”) on December 11, 2014 (See Note 4) in consideration for the issuance of 35,000,000 common shares of the Company. As a result of this transaction, control of the Company was acquired by LSG. On May 12, 2015, International Gold Corp. completed a merger with its wholly owned subsidiary, Lode-Star Mining Inc., and formally assumed the subsidiary’s name by filing Articles of Merger with the Nevada Secretary of State (the “Name Change”). The subsidiary was incorporated entirely for the purpose of effecting the Name Change and the merger did not affect the Company’s corporate structure in any other way. Going Concern The accompanying financial statements have been prepared assuming the Company will continue as a going concern. The future of the Company is dependent upon its ability to establish a business and to obtain new financing to execute its business plan. As shown in the accompanying financial statements, the Company has had no revenue and has incurred restated accumulated losses of $1,412,024 for the period from December 9, 2004 (inception) to December 31 2015. There is no assurance that management’s plans to seek additional capital through private placements of its common stock will be realized, and these factors cast substantial doubt upon the use of the going concern assumption. These financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.

2. RESTATEMENT OF PREVIOUSLY IS

2. RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	12 Months Ended
	Dec. 31, 2015
Restatement Of Previously Issued Financial Statements
NOTE 2 - RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS	Subsequent to the original issuance of the Company’s annual financial statements, the Company determined that mineral option fees totaling $123,913 owing under the terms of its Mineral Option Agreement with LSG dated October 4, 2014 had not, but should have been accrued at December 31, 2015. While a deferral of the actual payment to June 18, 2016 had been granted by LSG in November, 2015, the fees still needed to be accrued as long as they remained unpaid. A second deferral was later granted by LSG on June 15, 2016, extending the repayment date to January 18, 2017. On review, the Company determined that the amount was material and a restatement was required. No fees were required to be accrued at December 31, 2014 in accordance with the terms of the agreement. The following financial statement items were affected by the restatement: Balance Sheet As At December 31, 2015 As previously reported Adjustment Restated Due to related parties $ 371,471 $ 123,913 $ 495,384 Current liabilities $ 461,953 $ 123,913 $ 585,866 Accumulated Deficit $ (1,288,111 ) $ (123,913 ) $ (1,412,024 ) Stockholders’ Deficiency $ (216,100 ) $ (123,913 ) $ (340,013 ) Statement of Operations: Year Ended December 31, 2015 As previously reported Adjustment Restated Mineral option fees $ — $ 123,913 $ 123,913 Operating Loss Before Other Income (Expense) $ (266,883 ) $ (123,913 ) $ (390,796 ) Net Loss For The Year $ (287,408 ) $ (123,913 ) $ (411,321 ) Statement of Cash Flows Year Ended December 31, 2015 As previously reported Adjustment Restated Net loss for the year $ (287,408 ) $ (123,913 ) $ (411,321 ) Due to related party $ — $ 123,913 $ 123,913 Statement of Stockholders’ Deficiency Year Ended December 31, 2015 As previously reported Adjustment Restated Net loss for the year $ (287,408 ) $ (123,913 ) $ (411,321 ) Balance, December 31, 2015 $ (216,100 ) $ (123,913 ) $ (340,013 )

3. SUMMARY OF SIGNIFICANT ACCOU

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Accounting Policies [Abstract]
NOTE 3 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. All dollar amounts are in U.S. dollars unless otherwise noted. The financial statements have, in management’s opinion, been properly prepared within reasonable limits of materiality. The Company has implemented all applicable new accounting pronouncements that are in effect. Those pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.	The financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Because a precise determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily involves the use of estimates which have been made using careful judgment. All dollar amounts are in U.S. dollars unless otherwise noted. The financial statements have, in management’s opinion, been properly prepared within reasonable limits of materiality and within the framework of the significant accounting policies summarized below: a) Basis of Accounting The Company’s financial statements have been prepared using the accrual method of accounting. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein. b) Cash and Cash Equivalents Cash consists of cash on deposit with high quality major financial institutions. For purposes of the balance sheets and statements of cash flows, the Company considers all highly liquid debt instruments purchased with maturity of 90 days or less to be cash equivalents. At December 31, 2015 and 2014, the Company had no cash equivalents. c) Foreign Currency Accounting The Company’s functional currency is the U.S. dollar. Branch office activities are generally in Canadian dollars. Transactions in Canadian currency are translated into U.S. dollars as follows: i) monetary items at the exchange rate prevailing at the balance sheet date; ii) non-monetary items at the historical exchange rate; and iii) revenue and expense items at the rate in effect of the date of transactions. Gains and losses arising on the settlement of foreign currency denominated transactions or balances are recorded in the statements of operations. d) Fair Value of Financial Instruments ASC Topic 820-10 establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: § Level 1 – defined as observable inputs such as quoted prices in active markets; § Level 2 – defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and § Level 3 – defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company’s financial instruments consist of cash, accounts payable and accrued liabilities, and loans payable. The Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Pursuant to ASC 820 and 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. Accounts payable and accrued liabilities and loans payable are measured using “Level 2” inputs as there are no quoted prices in active markets for identical instruments. The carrying values of cash, accounts payable and accrued liabilities, and loans payable approximate their fair values due to the immediate or short term maturity of these financial instruments. e) Asset Retirement Obligations The Company has no asset retirement obligations, including environmental rehabilitation expenditures, which relate to an existing condition caused by past operations. f) Use of Estimates and Assumptions The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management’s estimates and assumptions are determining the fair value of transactions involving related parties and common stock. Actual results may differ from the estimates. g) Basic and Diluted Earnings Per Share The Company reports basic earnings or loss per share in accordance with ASC Topic 260, “Earnings Per Share”. Basic earnings per share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed similarly, except that the common stock number is increased to include the any potential additional common shares, for example from the exercise of options or warrants. As the Company generated net losses in the periods presented, the additional impact of including potential shares from outstanding warrants would be anti-dilutive and is therefore not part of the earnings per share calculation. h) Income Taxes The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, Income Taxes. This standard requires the use of an asset and liability approach for financial accounting and reporting on income taxes. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized. i) Stock-Based Compensation Stock-based compensation is accounted for in accordance with ASC 718 whereby a compensation charge based on the fair value of the award is recorded against earnings over the period during which the employee is required to perform the services in exchange for the award (generally the vesting period). For transactions with non-employees in which services are performed in exchange for the Company’s common stock or other equity instruments, the transactions are recorded on the basis of the fair value of the service received or the fair value of the equity instruments issued, whichever is more readily measurable at the date of issuance. The expense is recognized over the vesting period of the award. j) Mineral Property Interest and Impairment Mineral property interests are capitalized and recorded at fair value. The property interests are periodically assessed for impairment of value when facts and circumstances suggest that the carrying amount of the property interest may exceed its recoverable amount. Costs of exploration, evaluation and retaining mineral property interests are expensed as incurred. Once the Company has identified proven and probable reserves in its investigation of its property interests and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capital costs will be amortized, using the units-of-production method over proven and probable reserves. k) Recent Accounting Pronouncements The Company has implemented all applicable new accounting pronouncements that are in effect. Those pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

4. MINERAL PROPERTY INTEREST -

4. MINERAL PROPERTY INTEREST - Restated	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Mineral Property Interest - Restated
NOTE 4 - MINERAL PROPERTY INTEREST - Restated	Given that permitting for operations on the Property is still to be completed, at the request of the Company’s management, LSG granted, by a letter of agreement dated June 15, 2016, a deferment to January 18, 2017 of payments totaling $173,901 otherwise due at June 30, 2016 in accordance with the Mineral Option Agreement between the parties dated October 4, 2014. The Company assessed its mineral property interest at June 30, 2016 and to the date of these financial statements and concluded that facts and circumstances do not suggest that the mineral property interest’s carrying value exceeds its recoverable amount and therefore no impairment is required.	On December 5, 2014, the Company entered into a subscription agreement (the “Subscription Agreements”) with Lode Star Gold Inc. (“LSG”), a private Nevada corporation controlled by the spouse of the Company’s current President, pursuant to which the Company agreed to issue 35,000,000 shares of its common stock, valued at $230,180, to LSG in exchange for a 20% undivided interest in and to the mineral claims owned by LSG. The mineral claims, known as the “Goldfield Bonanza Project” (the “Property”), are located in the State of Nevada. The execution of the Subscription Agreement was one of the closing conditions of an Option Agreement dated October 4, 2014, pursuant to which the Company acquired the sole and exclusive option to earn up to an 80% undivided interest in and to the Property. In order to earn the additional 60% interest in the Property, the Company is required to fund all expenditures on the Property and pay LSG an aggregate of $5 million in cash in the form of a net smelter royalty, each beginning on the Closing Date, which was December 11, 2014. Until such time as the Company has earned the additional 60% interest, the net smelter royalty will be split 79.2% to LSG, 19.8% to the Company and 1% to the former Property owner. If the Company fails to make any cash payments to LSG within one year of the Effective Date of the Mineral Option Agreement with LSG dated October 4, 2014, it is required to pay LSG an additional $100,000, and in any subsequent years in which the Company fails to complete the payment of the entire $5 million described above, it must make quarterly cash payments to LSG of $25,000 until such time as the Company has earned the additional 60% interest in the Property. At December 31, 2015 $123,913 in fees payable to LSG has been accrued. Given that permitting for operations on the Property is still to be completed, at the request of the Company’s management, LSG granted, by a letter of agreement dated November 10, 2015, a deferment of the payment to June 18, 2016. A further deferment, to January 18, 2017, was granted by LSG on June 15, 2016. In addition, the Option Agreement provides that the Company will act as the operator on the Property and that a management committee will be formed, comprised of representatives from the Company and LSG, with voting based on each party’s proportionate interest, to supervise exploration of the Property and approve work programs and budgets. To December 31, 2015, no work programs had been approved. The Company assessed its mineral property interest at December 31, 2015 and to the date of these financial statements and concluded that facts and circumstances do not suggest that the mineral property interest’s carrying value exceeds its recoverable amount and therefore no impairment is required.

5. CAPITAL STOCK

5. CAPITAL STOCK	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Notes to Financial Statements
NOTE 5 - CAPITAL STOCK	During the six months ended June 30, 2016 and the year ended December 31, 2015, the Company did not receive any cash subscriptions for shares of its common stock. No preferred shares have been issued to the date of issue of these financial statements. Summary of warrant activity and warrants outstanding at June 30, 2016: Number of Warrants Exercise Price Weighted Average Exercise Price Weighted Average Life Remaining (Years) Expiry Date Balance, December 31, 2015 3,336,060 $ 0.02 $ 0.02 4.86 November 10, 2020 Granted — $ — $ — — Expired — $ — $ — — Exercised — $ — $ — — Balance June 30, 2016 3,336,060 $ 0.02 $ 0.02 4.36 November 10, 2020	During the year ended December 31, 2015, the Company had no cash subscriptions for shares of its common stock. On November 11, 2015, the Company entered into a one year agreement to obtain assistance in conducting business strategy and communications planning, public financial disclosure reporting, and various matters in connection with directors and other professionals as needed by the Company. In consideration for the services to be provided, the Company granted the consultant 1,469,825 shares of common stock. Those shares were issued on December 11, 2015 and were valued at $29,397, based on market price at the date of the agreement. In addition, the consultant was granted warrants with a five year term, commencing the date of the agreement, to purchase 3,336,060 shares of common stock at a price of $0.02 per share, including a cashless exercise option. The warrants were valued at $66,721 using the Black-Scholes option pricing model with an average risk-free rate of 1.68%, estimated life of 5 years, volatility of 208.7% and dividend yield of 0%. On January 9, 2015, agreements were reached in connection with the loans of $24,696 (CAD $28,650) and $1,767 (CAD $2,050) whereby the loan amounts were to be converted to Company shares at a price of CAD $0.05, to result in the issuance of 573,000 and 41,000 common shares respectively. Those shares were issued on April 6, 2015. On January 9, 2015, an agreement was reached to modify the terms of a loan such that $26,750 of accrued interest together with a premium was to be converted to Company shares at a price of $0.05 per share, to result in the issuance of 535,000 common shares. Those shares were issued on April 6, 2015. During the year ended December 31, 2014, the Company received no cash subscriptions for shares of its common stock, however, on December 11, 2014, the Company issued 35,000,000 shares, valued at $230,180, in exchange for the mineral property interest described in Note 4. Capitalization On November 24, 2015, the board of directors authorized the following changes to the capitalization of the Company: The authorized capital was increased from 100,000,000 shares of common stock with a par value of $0.00001 per share to 500,000,000 shares of capital stock, divided into 480,000,000 shares of common stock with a par value of $0.001 per share, and 20,000,000 shares of preferred stock with a par value of $0.001 per share. The Company reserved 10,000,000 shares of common stock for issuance under its new 2016 Omnibus Equity Incentive Plan. To date, warrants to purchase 3,336,060 shares of common stock have been issued under the Equity Incentive Plan and none of those warrants have been exercised. No preferred shares have been issued to the date of issue of these financial statements. Warrants Summary of warrant activity and warrants outstanding at December 31, 2015: Number of Warrants Exercise Price Weighted Average Exercise Price Weighted Average Life Remaining (Years) Expiry Date Balance, December 31, 2014 - - - - - Granted 3,336,060 $ 0.02 $ 0.02 Balance, December 31, 2015 3,336,060 $ 0.02 $ 0.02 4.86 November 10, 2020

6. LOANS PAYABLE

6. LOANS PAYABLE	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Notes to Financial Statements
NOTE 6 - LOANS PAYABLE	At June 30, 2016, the Company had the following loans payable: i) $1,000 (December 31, 2015 - $1,000): unsecured; interest at 15% per annum; originally due on April 20, 2012. ii) $55,000 (December 31, 2015 - $65,000): unsecured; interest at 10% per annum from January 10, 2015. ■ $27,500, and any accrued interest was due and payable on written demand in full (not received to date) on the earlier of June 9, 2015 or the date on which the Company completes one or more debt or equity financings that generate aggregate gross proceeds of at least $250,000. ■ The other $27,500 of outstanding principal and any accrued interest was due and payable on written demand in full (not received to date) on January 9, 2016. ■ The Company shall have the right to repay all or any part of the principal and any accrued interest to the lender at any time and from time to time, without any premium. iii) $42,278 (December 31, 2015 - $40,789): unsecured; interest at 5% per annum; with no specific terms of repayment, due to a related party, the president of the Company. iv) $335,000 (December 31, 2015 - $290,000): unsecured; interest at 5% per annum from January 1, 2015; with no specific terms of repayment, due to a related party, LSG, the Company’s majority shareholder. v) $62,481 (December 31, 2015 - $23,966): unsecured; interest at 5% per annum; with no specific terms of repayment, due to a related party, LSG, the Company’s majority shareholder. vi) $3,844 (December 31, 2015 - $3,613): unsecured; non-interest bearing; with no specific terms of repayment, due to a related party, the controlling shareholder of LSG. As of June 30, 2016, interest totaling $36,717 (December 31, 2015 - $23,283) was accrued on the above loan amounts.	At December 31, 2015, the Company had the following loans payable: i) $1,000 (December 31, 2014 - $5,000): unsecured; interest at 15% per annum; originally due on April 20, 2012. · On March 19, 2015, $4,000 was paid by the Company in partial settlement of the December 31, 2014 principal balance. ii) $65,000 (December 31, 2014 - $75,000): unsecured; interest at 10% per annum from January 10, 2015. · $27,500, and any accrued interest was due and payable on written demand in full (not received to date) on the earlier of June 9, 2015 or the date on which the Company completes one or more debt or equity financings that generate aggregate gross proceeds of at least $250,000; · The balance of the outstanding principal, or $37,500, and any accrued interest was due and payable on written demand in full (not received to date) on January 9, 2016; and · The Company shall have the right to repay all or any part of the Principal and any accrued interest to the Lender at any time and from time to time, without any premium. iii) $40,789 (December 31, 2014 - $34,160): unsecured; interest at 5% per annum; with no specific terms of repayment, due to a related party, the president of the Company. iv) $290,000 (December 31, 2014 - $100,000): unsecured; interest at 5% per annum from January 1, 2015; with no specific terms of repayment, due to a related party, LSG, the Company’s majority shareholder. v) $23,966 (December 31, 2014 - $Nil): unsecured; interest at 5% per annum; with no specific terms of repayment, due to a related party, LSG, the Company’s majority shareholder. vi) $3,613 (December 31, 2014 - $4,310): unsecured; non-interest bearing; with no specific terms of repayment, due to a related party, the controlling shareholder of LSG. vii) $Nil (December 31, 2014 - $24,696): unsecured; non-interest bearing; with no specific terms of repayment (converted on January 9, 2015 to 573,000 common shares that were issued on April 6, 2015). viii) $Nil (December 31, 2014 - $1,767): unsecured; non-interest bearing; with no specific terms of repayment (converted on January 9, 2015 to 41,000 common shares that were issued on April 6, 2015). As of December 31, 2015, interest totaling $23,283 (December 31, 2014 - $30,244) was accrued on the above loan amounts.

7. RELATED PARTY TRANSACTIONS A

7. RELATED PARTY TRANSACTIONS AND AMOUNTS DUE	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Notes to Financial Statements
NOTE 7 - RELATED PARTY TRANSACTIONS AND AMOUNTS DUE - Restated	Transactions with related parties were in the normal course of operations and have been valued in these financial statements at the exchange amount, which is the amount of consideration agreed to and established by the related parties. During the six months ended June 30, 2016, the Company accrued mineral option fees totaling $49,988 due to its majority shareholder under terms of the Mineral Option Agreement between the parties. The balance due at June 30, 2016 was $173,901 (December 31, 2015: $123,913). During the six months ended June 30, 2016, the majority shareholder of the Company paid a total of $38,515 to various vendors on behalf of the Company. That amount is included in the $62,481 loan balance detailed in Note 5 above. At June 30, 2016, accrued interest was due to related parties in connection with loans detailed above in Note 5, as follows: Loan iii) $3,774 (December 31, 2015 - $2,609) to the president of the Company. Loan iv) $17,888 (December 31, 2015 - $10,157) to the majority shareholder of the Company. Loan v) $1,535 (December 31, 2015 - $336) to the majority shareholder of the Company. At June 30, 2016, the $640,701 total due to related parties is comprised of the following: Loans and accrued interest - $466,800 (December 31, 2015: $371,471) Mineral option fees payable - $173,901(December 31, 2015: $123,913)	Transactions with related parties were in the normal course of operations and have been valued in these financial statements at the exchange amount, which is the amount of consideration agreed to and established by the related parties. At December 31, 2015, $Nil (December 31, 2014 - $15,300) included in accounts payable was due to a company controlled by a former director and president of the Company. At December 31, 2015, accrued interest was due to related parties in connection with loans detailed above in Note 5, as follows: iii) $2,609 (December 31, 2014 - $883) to the president of the Company. iv) $10,157 (December 31, 2014 - $Nil) to the majority shareholder of the Company. v) $336 (December 31, 2014 - $Nil) to the majority shareholder of the Company. During the year ended December 31, 2015, the Company incurred $123,913 (2014 - $Nil) in mineral option fees payable to LSG, which have been accrued as of that date. During the year ended December 31, 2015, the Company incurred $Nil (2014 - $60,653) in consulting fees and expenses to a former director and president of the Company. See Note 7.

8. CONTRACTUAL OBLIGATIONS AND

8. CONTRACTUAL OBLIGATIONS AND COMMITMENTS	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Notes to Financial Statements
NOTE 8 - CONTRACTUAL OBLIGATIONS AND COMMITMENTS	Under the terms of the Mineral Option Agreement between the Company and LSG, its majority shareholder, payments are due from the Company to LSG as follows: If the Company fails to make any option cash payments for a period of one year from the Effective Date of the agreement (October 4, 2014) the Company shall pay an additional $100,000 on the first anniversary of the Effective Date and in any subsequent year in which the Company has failed to exercise its option to acquire a further 60% interest in the property and the agreement remains in effect, the Company shall make quarterly cash payments of $25,000, payable on the last day of the applicable quarter, until such time as the option to acquire the additional 60% interest has been exercised. No option cash payments have been made by the Company to date and amounts totaling $173,901 were included in accrued liabilities at June 30, 2016 (December 31, 2015: $123,913).	See Note 4 for details about the Company’s obligations and commitments regarding its Mineral Property Interest. Effective July 1, 2012, the Company entered into a consulting agreement whereby the former sole director and officer of the Company was to provide services as the Company’s CEO, COO, CFO and Corporate Secretary. The consulting agreement, which would otherwise have extended to June 2016, was terminated with immediate effect in accordance with a settlement agreement dated December 5, 2014. · Under the terms of that settlement agreement, the Company agreed to pay an aggregate of $34,000 CAD. · Of that amount, $Nil was outstanding and included in accounts payable at December 31, 2015 (December 31, 2014: $15,300 ($17,500 CAD).

9. INCOME TAXES - Restated

9. INCOME TAXES - Restated	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
NOTE 9 - INCOME TAXES - Restated	In December, 2014, the Company underwent a change in control which subjected it to limitations under Internal Revenue Code Section 382. That section restricts post-change annual net operating loss utilization, based on applying an IRS- prescribed rate to the purchase price of the stock acquired in the change in control. The Company accordingly revised its estimates of net operating loss carry forwards, resulting in a reduction in the estimate of losses available for utilization in the amount of approximately $872,000. A reconciliation of income tax benefit to the amount computed at the statutory rate of 34% (2014 – 34%) is as follows: 2015 2014 Expected income tax recovery $ (139,800 ) $ (40,000 ) Adjustment for non-deductible stock compensation 32,700 - Estimated decrease in expected tax recovery resulting from Section 382 net operating loss limitations after change in control 296,400 - Increase (decrease) in valuation allowance (189,300 ) 40,000 $ - $ - Significant components of deferred income tax assets are as follows: 2015 2014 Deferred income tax assets Net operating losses carried forward $ 151,000 $ 340,000 Valuation allowance (151,000 ) (340,000 ) $ - $ - The Company has approximately $444,000 (2014 - $1,000,700) in net operating losses carried forward which will expire by 2035 if not utilized. Future tax benefits, which may arise as a result of these losses, have not been recognized in these financial statements, and have been offset by a valuation allowance. The Company’s net operating losses carried forward for United States income tax purposes will expire, if not utilized, as follows: 2024 $ 10,000 2025 7,600 2026 6,000 2027 10,900 2028 53,200 2029 8,975 2030 6,445 2031 6,445 2032 6,445 2033 6,445 2034 6,445 2035 315,200 $ 444,100 Realization of the above losses carried forward is dependent on the Company filing the applicable tax returns with the tax authorities, generating sufficient taxable income prior to expiration of the losses carried forward and continuing use of the acquired historic business or a significant portion of the acquired assets for two years after the change of control transaction. If this continuity of business enterprise

10. SUBSEQUENT EVENTS

10. SUBSEQUENT EVENTS	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Subsequent Events [Abstract]
NOTE 10 - SUBSEQUENT EVENTS	Management has evaluated subsequent events and the impact on the reported results and disclosures and has concluded that no other significant events require disclosure as of the date these financial statements were issued.	Management has evaluated subsequent events and the impact on the reported results and disclosures and has concluded that no other significant events require disclosure as of the date these financial statements were issued.

3. SUMMARY OF SIGNIFICANT ACC17

3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Notes to Financial Statements
Basis of Accounting	The Company’s financial statements have been prepared using the accrual method of accounting. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation of financial position and the results of operations for the periods presented have been reflected herein.
Cash and Cash Equivalents	Cash consists of cash on deposit with high quality major financial institutions. For purposes of the balance sheets and statements of cash flows, the Company considers all highly liquid debt instruments purchased with maturity of 90 days or less to be cash equivalents. At December 31, 2015 and 2014, the Company had no cash equivalents.
Foreign Currency Accounting	The Company’s functional currency is the U.S. dollar. Branch office activities are generally in Canadian dollars. Transactions in Canadian currency are translated into U.S. dollars as follows: i) monetary items at the exchange rate prevailing at the balance sheet date; ii) non-monetary items at the historical exchange rate; and iii) revenue and expense items at the rate in effect of the date of transactions. Gains and losses arising on the settlement of foreign currency denominated transactions or balances are recorded in the statements of operations.
Fair Value of Financial Instruments	ASC Topic 820-10 establishes a three-tier value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy prioritizes the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market. These tiers include: § Level 1 – defined as observable inputs such as quoted prices in active markets; § Level 2 – defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and § Level 3 – defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. The Company’s financial instruments consist of cash, accounts payable and accrued liabilities, and loans payable. The Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. Pursuant to ASC 820 and 825, the fair value of cash is determined based on “Level 1” inputs, which consist of quoted prices in active markets for identical assets. Accounts payable and accrued liabilities and loans payable are measured using “Level 2” inputs as there are no quoted prices in active markets for identical instruments. The carrying values of cash, accounts payable and accrued liabilities, and loans payable approximate their fair values due to the immediate or short term maturity of these financial instruments.
Asset Retirement Obligations	The Company has no asset retirement obligations, including environmental rehabilitation expenditures, which relate to an existing condition caused by past operations.
Use of Estimates and Assumptions	The preparation of financial statements, in conformity with GAAP, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. By their nature, these estimates are subject to measurement uncertainty and the effect on the financial statements of changes in such estimates in future periods could be significant. Significant areas requiring management’s estimates and assumptions are determining the fair value of transactions involving related parties and common stock. Actual results may differ from the estimates.
Basic and Diluted Loss Per Share	The Company reports basic earnings or loss per share in accordance with ASC Topic 260, “Earnings Per Share”. Basic earnings per share is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share is computed similarly, except that the common stock number is increased to include the any potential additional common shares, for example from the exercise of options or warrants. As the Company generated net losses in the periods presented, the additional impact of including potential shares from outstanding warrants would be anti-dilutive and is therefore not part of the earnings per share calculation.
Income Taxes	The Company uses the asset and liability method of accounting for income taxes in accordance with ASC Topic 740, Income Taxes. This standard requires the use of an asset and liability approach for financial accounting and reporting on income taxes. If it is more likely than not that some portion or all of a deferred tax asset will not be realized, a valuation allowance is recognized.
Stock-Based Compensation	Stock-based compensation is accounted for in accordance with ASC 718 whereby a compensation charge based on the fair value of the award is recorded against earnings over the period during which the employee is required to perform the services in exchange for the award (generally the vesting period). For transactions with non-employees in which services are performed in exchange for the Company’s common stock or other equity instruments, the transactions are recorded on the basis of the fair value of the service received or the fair value of the equity instruments issued, whichever is more readily measurable at the date of issuance. The expense is recognized over the vesting period of the award.
Mineral Property Interest and Impairment	Mineral property interests are capitalized and recorded at fair value. The property interests are periodically assessed for impairment of value when facts and circumstances suggest that the carrying amount of the property interest may exceed its recoverable amount. Costs of exploration, evaluation and retaining mineral property interests are expensed as incurred. Once the Company has identified proven and probable reserves in its investigation of its property interests and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capital costs will be amortized, using the units-of-production method over proven and probable reserves.
Recent Accounting Pronouncements	The Company has implemented all applicable new accounting pronouncements that are in effect. Those pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations.

2. RESTATEMENT OF PREVIOUSLY 18

2. RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)	12 Months Ended
	Dec. 31, 2015
Restatement Of Previously Issued Financial Statements Tables
Restatement of financials	Balance Sheet As At December 31, 2015 As previously reported Adjustment Restated Due to related parties $ 371,471 $ 123,913 $ 495,384 Current liabilities $ 461,953 $ 123,913 $ 585,866 Accumulated Deficit $ (1,288,111 ) $ (123,913 ) $ (1,412,024 ) Stockholders’ Deficiency $ (216,100 ) $ (123,913 ) $ (340,013 ) Statement of Operations: Year Ended December 31, 2015 As previously reported Adjustment Restated Mineral option fees $ — $ 123,913 $ 123,913 Operating Loss Before Other Income (Expense) $ (266,883 ) $ (123,913 ) $ (390,796 ) Net Loss For The Year $ (287,408 ) $ (123,913 ) $ (411,321 ) Statement of Cash Flows Year Ended December 31, 2015 As previously reported Adjustment Restated Net loss for the year $ (287,408 ) $ (123,913 ) $ (411,321 ) Due to related party $ — $ 123,913 $ 123,913 Statement of Stockholders’ Deficiency Year Ended December 31, 2015 As previously reported Adjustment Restated Net loss for the year $ (287,408 ) $ (123,913 ) $ (411,321 ) Balance, December 31, 2015 $ (216,100 ) $ (123,913 ) $ (340,013 )

5. CAPITAL STOCK (Tables)

5. CAPITAL STOCK (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Capital Stock Tables
Summary of warrant activity	Number of Warrants Exercise Price Weighted Average Exercise Price Weighted Average Life Remaining (Years) Expiry Date Balance, December 31, 2015 3,336,060 $ 0.02 $ 0.02 4.86 November 10, 2020 Granted — $ — $ — — Expired — $ — $ — — Exercised — $ — $ — — Balance June 30, 2016 3,336,060 $ 0.02 $ 0.02 4.36 November 10, 2020	Number of Warrants Exercise Price Weighted Average Exercise Price Weighted Average Life Remaining (Years) Expiry Date Balance, December 31, 2014 - - - - - Granted 3,336,060 $ 0.02 $ 0.02 Balance, December 31, 2015 3,336,060 $ 0.02 $ 0.02 4.86 November 10, 2020

9. INCOME TAXES (Tables)

9. INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
Income Taxes Tables
Schedule reconciliation of income tax benefit	2015 2014 Expected income tax recovery $ (139,800 ) $ (40,000 ) Adjustment for non-deductible stock compensation 32,700 - Estimated decrease in expected tax recovery resulting from Section 382 net operating loss limitations after change in control 296,400 - Increase (decrease) in valuation allowance (189,300 ) 40,000 $ - $ -
Schedule of deferred income tax assets	2015 2014 Deferred income tax assets Net operating losses carried forward $ 151,000 $ 340,000 Valuation allowance (151,000 ) (340,000 ) $ - $ -
Schedule of net operating losses carried forward	2024 $ 10,000 2025 7,600 2026 6,000 2027 10,900 2028 53,200 2029 8,975 2030 6,445 2031 6,445 2032 6,445 2033 6,445 2034 6,445 2035 315,200 $ 444,100

1. BASIS OF PRESENTATION AND 21

1. BASIS OF PRESENTATION AND NATURE OF OPERATIONS (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Basis Of Presentation And Nature Of Operations Details Narrative
State of incorporation	State of Nevada, U.S.A.
Date of incorporation	Dec. 9, 2004
Accumulated losses	$ 1,560,145	$ 1,412,024

2. RESTATEMENT OF PREVIOUSLY 22

2. RESTATEMENT OF PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Balance Sheet
Due to related parties							$ 640,701	$ 495,384	$ 139,353
Current liabilities							734,652	585,866	313,575
Accumulated Deficit							(1,560,145)	(1,412,024)	(1,000,703)
Stockholders' Deficiency	$ (488,134)		$ (488,134)		$ (340,013)	$ (78,023)	$ (488,134)	(340,013)	$ (78,023)	$ (189,786)
Statement of Operations:
Mineral option fees	25,000	$ 0	49,988	$ 0	123,913	0
Operating Loss Before Other Income (Expense)	(46,844)	(51,285)	(114,359)	(88,624)	(390,796)	(169,665)
Net Loss For The Year	(33,804)	(56,167)	(148,121)	(97,694)	(411,321)	(118,417)
Statement of Cash Flows
Net loss for the year	(33,804)	(56,167)	(148,121)	(97,694)	(411,321)	(118,417)
Due to related party			49,988	0	123,913	0
Statement of Stockholders' Deficiency
Net loss for the year	(33,804)	$ (56,167)	(148,121)	$ (97,694)	(411,321)	(118,417)
Ending Balance, Amount	$ (488,134)		$ (488,134)		(340,013)	$ (78,023)
As Previously Reported
Balance Sheet
Due to related parties								371,471
Current liabilities								461,953
Accumulated Deficit								(1,288,111)
Stockholders' Deficiency					(216,100)			(216,100)
Statement of Operations:
Mineral option fees					0
Operating Loss Before Other Income (Expense)					(266,883)
Net Loss For The Year					(287,408)
Statement of Cash Flows
Net loss for the year					(287,408)
Due to related party					0
Statement of Stockholders' Deficiency
Net loss for the year					(287,408)
Ending Balance, Amount					(216,100)
Adjustment
Balance Sheet
Due to related parties								123,913
Current liabilities								123,913
Accumulated Deficit								(123,913)
Stockholders' Deficiency					(123,913)			$ (123,913)
Statement of Operations:
Mineral option fees					123,913
Operating Loss Before Other Income (Expense)					(123,913)
Net Loss For The Year					(123,913)
Statement of Cash Flows
Net loss for the year					(123,913)
Due to related party					123,913
Statement of Stockholders' Deficiency
Net loss for the year					(123,913)
Ending Balance, Amount					$ (123,913)

5. CAPITAL STOCK (Details)

5. CAPITAL STOCK (Details) - $ / shares	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Capital Stock Tables
Number of Warrants, Beginning	3,336,060	0
Granted	0	3,336,060
Expired	0
Exercised	0
Number of Warrants, Ending	3,336,060	3,336,060
Exercise Price, Beginning	$ 0.02	$ 0
Exercise Price, Granted	0	0.02
Exercise Price, Expired	0
Exercise Price, Exercised	0
Exercise Price, , Ending	$ 0.02	$ 0.02
Weighted Average Life Remaining (Years), Beginning	4 years 10 months 10 days	0 years
Weighted Average Life Remaining (Years), Ending	4 years 4 months 10 days	4 years 10 months 10 days
Expiry Date	Nov. 10, 2020	Nov. 10, 2020

6. LOANS PAYABLE (Details Narra

6. LOANS PAYABLE (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Accrued interest payable	$ 36,717	$ 23,283
Loans Payable 1
Principal balance	$ 1,000	$ 1,000
Interest rate	15.00%	15.00%
Loans Payable 2
Principal balance	$ 55,000	$ 65,000
Interest rate	10.00%	10.00%
Loans Payable 3
Principal balance	$ 42,278	$ 40,789
Interest rate	5.00%	5.00%
Loans Payable 4
Principal balance	$ 335,000	$ 290,000
Interest rate	5.00%	5.00%
Loans Payable 5
Principal balance	$ 62,481	$ 23,966
Interest rate	5.00%	5.00%
Loans Payable 6
Principal balance	$ 3,844	$ 3,613
Interest rate	0.00%	0.00%

7. RELATED PARTY TRANSACTIONS25

7. RELATED PARTY TRANSACTIONS AND AMOUNTS DUE - Restated (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Dec. 31, 2015	Dec. 31, 2014
Due to related parties	$ 640,701		$ 640,701		$ 495,384	$ 139,353
Loans and accrued interest	466,800		466,800		371,471
Mineral option fees payable	173,901		173,901		123,913
Accounts payable related party					0	15,300
Consulting fees to related parties					0	60,653
Mineral option fees	25,000	$ 0	49,988	$ 0	123,913	0
Loans Payable 1
Loan interest due to related parties	3,774		3,774		2,609	883
Loans Payable 2
Loan interest due to related parties	17,888		17,888		10,157	0
Loans Payable 3
Loan interest due to related parties	$ 1,535		$ 1,535		$ 336	$ 0

9. INCOME TAXES (Details)

9. INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Income Taxes Details
Expected income tax recovery	$ (139,800)	$ (40,000)
Adjustment for non-deductible stock compensation	32,700	0
Estimated decrease in expected tax recovery resulting from Section 382 net operating loss limitations after change in control	296,400	0
Increase (decrease) in valuation allowance	(189,300)	40,000
Total	$ 0	$ 0

9. INCOME TAXES (Details 1)

9. INCOME TAXES (Details 1) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Deferred income tax assets
Net operating losses carried forward	$ 151,000	$ 340,000
Valuation allowance	(151,000)	(340,000)
Deferred income tax assets, net	$ 0	$ 0

9. INCOME TAXES (Details 2)

9. INCOME TAXES (Details 2)	12 Months Ended
	Dec. 31, 2015USD ($)
Operating losses amount	$ 444,100
Expiry Year 1
Operating losses expiration year	2,024
Operating losses amount	$ 10,000
Expiry Year 2
Operating losses expiration year	2,025
Operating losses amount	$ 7,600
Expiry Year 3
Operating losses expiration year	2,026
Operating losses amount	$ 6,000
Expiry Year 4
Operating losses expiration year	2,027
Operating losses amount	$ 10,900
Expiry Year 5
Operating losses expiration year	2,028
Operating losses amount	$ 53,200
Expiry Year 6
Operating losses expiration year	2,029
Operating losses amount	$ 8,975
Expiry Year 7
Operating losses expiration year	2,030
Operating losses amount	$ 6,445
Expiry Year 8
Operating losses expiration year	2,031
Operating losses amount	$ 6,445
Expiry Year 9
Operating losses expiration year	2,032
Operating losses amount	$ 6,445
Expiry Year 10
Operating losses expiration year	2,033
Operating losses amount	$ 6,445
Expiry Year 11
Operating losses expiration year	2,034
Operating losses amount	$ 6,445
Expiry Year 12
Operating losses expiration year	2,035
Operating losses amount	$ 315,200