Red Metal Resources (RMESF) 10-Q 12 Dec 14 2015 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Oct. 31, 2014
Document and Entity Information:	'
Entity Registrant Name	'RED METAL RESOURCES, LTD.
Document Type	'10-Q
Document Period End Date	31-Oct-14
Amendment Flag	'false
Entity Central Index Key	'0001358654
Current Fiscal Year End Date	'--01-31
Entity Common Stock, Shares Outstanding	32,956,969
Entity Filer Category	'Smaller Reporting Company
Entity Current Reporting Status	'Yes
Entity Voluntary Filers	'No
Entity Well-known Seasoned Issuer	'No
Document Fiscal Year Focus	'2015
Document Fiscal Period Focus	'Q3

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Oct. 31, 2014	Jan. 31, 2014
Current Assets	'	'
Cash	$8,073	$3,508
Prepaids and other receivables	2,286	714
Total Current Assets	10,359	4,222
Equipment	7,087	8,949
Unproved mineral properties	849,960	836,401
Total Assets	867,406	849,572
Current Liabilities	'	'
Accounts payable	346,719	329,328
Accrued liabilities	168,468	156,358
Due to related parties	932,526	889,083
Notes payable to related parties	489,884	307,863
Total Current Liabilities	1,937,597	1,682,632
Total Liabilities	1,937,597	1,682,632
Stockholders' Equity	'	'
Common stock value	32,957	32,957
Additional paid-in capital	6,710,002	6,563,101
Deficit	-7,892,013	-7,481,121
Accumulated other comprehensive loss	78,863	52,003
Total Stockholders' Equity	-1,070,191	-833,060
Total Liabilities and Stockholders' Equity	$867,406	$849,572

Balance_Sheets_Parenthetical

Balance Sheets (Parenthetical) (USD $)	Oct. 31, 2014	Jan. 31, 2014
Balance Sheet	'	'
Common stock, par value	$0.00	$0.00
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	32,956,969	32,956,969
Common stock, shares outstanding	32,956,969	32,956,969

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Oct. 31, 2014	Oct. 31, 2013	Oct. 31, 2014	Oct. 31, 2013
Revenue	'	'	'	'
Royalties	$3,002	'	$9,019	'
Total revenue	3,002	'	9,019	'
Operating expenses	'	'	'	'
Administration	12,457	13,814	38,103	39,556
Advertising and promotion	2,732	3,701	15,499	9,197
Amortization	580	792	1,862	2,543
Automobile	1,003	808	3,448	3,838
Bank charges	1,574	1,235	3,237	3,694
Consulting fees	31,862	30,001	97,379	95,972
Interest on current debt	17,503	12,961	49,028	67,526
IVA expense	69	595	-8	2,103
Mineral exploration costs	4,501	-298	14,635	29,833
Office	2,757	3,178	8,386	13,348
Professional fees	4,009	16,238	13,262	53,572
Rent	2,797	3,262	8,732	10,079
Regulatory	1,174	6,652	7,794	14,164
Travel and entertainment	172	195	388	3,580
Salaries, wages and benefits	12,078	13,452	36,864	50,972
Stock based compensation	'	'	146,901	'
Foreign exchange loss (gain)	-441	275	-177	-289
Write-down of unproved mineral properties	'	'	2,265	6,000
Total operating expenses	94,827	106,861	447,598	405,688
Other items	'	'	'	'
Gain on settlement of debt	'	150,000	'	150,000
Gain on mineral property option payment	'	'	27,687	'
Net income (loss)	-91,825	43,139	-410,892	-255,688
Unrealized foreign exchange (loss) gain	35,896	-8,388	26,860	79,723
Comprehensive income (loss)	($55,929)	$34,751	($384,032)	($175,965)
Net loss per share - basic and diluted	$0	$0	($0.01)	($0.01)
Weighted average number of shares outstanding - basic and diluted	32,956,969	31,000,447	32,956,969	22,352,573

Consolidated_Statement_of_Stoc

Consolidated Statement of Stockholders' Deficit (USD $)	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Accumulated Other Comprehensive Income (Loss)	Total
Beginning Balance, amount at Jan. 31, 2013	$17,957	$5,958,101	($7,085,429)	($108,906)	($1,218,277)
Beginning Balance, shares at Jan. 31, 2013	17,956,969	'	'	'	'
Common stock issued for debt, shares	15,000,000	'	'	'	'
Common stock issued for debt, value	15,000	585,000	'	'	600,000
Donated services	'	20,000	'	'	20,000
Unrealized foreign currency exchange gain (loss)	'	'	'	79,723	79,723
Net income (loss) for the period	'	'	-255,688	'	-255,688
Ending Balance, amount at Oct. 31, 2013	32,957	6,563,101	-7,341,117	-29,183	-774,242
Ending Balance, shares at Oct. 31, 2013	32,956,969	'	'	'	'
Unrealized foreign currency exchange gain (loss)	'	'	'	81,186	81,186
Net income (loss) for the period	'	'	-140,004	'	-140,004
Ending Balance, amount at Jan. 31, 2014	32,957	6,563,101	-7,481,121	52,003	-833,060
Ending Balance, shares at Jan. 31, 2014	32,956,969	'	'	'	'
Stock options, value	'	146,901	'	'	146,901
Unrealized foreign currency exchange gain (loss)	'	'	'	26,860	26,860
Net income (loss) for the period	'	'	-410,892	'	-410,892
Ending Balance, amount at Oct. 31, 2014	$32,957	$6,710,002	($7,892,013)	$78,863	($1,070,191)
Ending Balance, shares at Oct. 31, 2014	32,956,969	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	9 Months Ended
	Oct. 31, 2014	Oct. 31, 2013
Cash Flows used in Operating Activities	'	'
Net loss	($410,892)	($255,688)
Adjustment to reconcile net loss to net cash used in operating activities:	'	'
Amortization	1,862	2,543
Donated services	'	20,000
Gain on extinguishment of debt	'	-150,000
Gain on mineral payment option	-27,687	'
Stock based compensation	146,901	'
Write-down of unproved properties	2,265	6,000
Changes in operating assets and liabilities:	'	'
Prepaids and other receivables	-1,577	-1,020
Accounts payable	17,994	43,817
Accrued liabilities	12,110	25,185
Due to related parties	110,562	231,241
Notes payable to related party	23,586	19,285
Net cash used in operating activities	-124,876	-58,637
Cash Flows from Investing Activities	'	'
Option payments received on mineral properties	50,000	75,000
Acquisition of unproved mineral properties	38,137	77,498
Net cash provided by (used in) investing activities	11,863	-2,498
Cash Flows from Financing Activities	'	'
Cash received on issuance of notes payable to related party	101,002	51,308
Net cash provided by financing activities	101,002	51,308
Effect of foreign currency exchange	16,576	45,365
Increase (decrease) in cash	4,565	35,538
Cash, beginning of period	3,508	3,151
Cash, end of period	8,073	38,689
Supplemental Disclosure of Cash Flow Information:	'	'
Income tax	'	'
Interest	'	'

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	3 Months Ended
	Oct. 31, 2014
Notes	'
Organization and Basis of Presentation	'
	NOTE 1 - ORGANIZATION AND BASIS OF PRESENTATION
	Nature of Operations
	Red Metal Resources Ltd. (the “Company”) was incorporated on January 10, 2005, under the laws of the State of Nevada.  On August 21, 2007, the Company acquired a 99% interest in Minera Polymet Limitada (“Polymet”), a limited liability company formed on August 21, 2007, under the laws of the Republic of Chile. The Company is involved in acquiring and exploring mineral properties in Chile.  The Company has not determined whether its properties contain mineral reserves that are economically recoverable.
	Unaudited Interim Consolidated Financial Statements
	The unaudited interim consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). They do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended January 31, 2014, included in the Company’s Annual Report on Form 10-K, filed with the SEC. The interim unaudited financial statements should be read in conjunction with those financial statements included in Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three and nine month periods ended October 31, 2014 are not necessarily indicative of the results that may be expected for the year ending January 31, 2015.
	Recent Accounting Pronouncements
	The Company has elected to early adopt the guidance in FASB Topic 915 and no longer provides the disclosure for development stage companies. Accordingly, the figures for the period from inception to the current period are no longer provided. Other recent accounting pronouncements with future effective dates are not expected to have an impact on the Company’s financing statements.

RelatedParty_Transactions

Related-Party Transactions	3 Months Ended
	Oct. 31, 2014
Notes	'
Related-Party Transactions	'
	NOTE 2 - RELATED-PARTY TRANSACTIONS
	The following amounts were due to related parties as at:
			October 31,			January 31,
			2014			2014
	Due to a company owned by an officer (a)		$	438,121		$	350,206
	Due to a company controlled by directors (b)			353,399			395,921
	Due to a director (a)			-			5,666
	Due to a company controlled by a major shareholder (a)			99,498			94,099
	Due to a major shareholder (a)			41,508			43,191
	Total due to related parties		$	932,526		$	889,083
	Note payable to the Chief Executive Officer (“CEO”) (c)		$	254,498		$	204,730
	Note payable to the Chief Financial Officer (“CFO”) (c)			10,587			9,974
	Note payable to a major shareholder (c)			95,238			25,378
	Note payable to a company controlled by directors (c)			129,561			67,781
	Total notes payable to related parties		$	489,884		$	307,863
	(a) Amounts are unsecured, due on demand and bear no interest.
	(b) Amounts are unsecured, due on demand and bear interest at 10%.
	(c) Amounts are unsecured, due on demand and bear interest at 8%.
	During the nine months ended October 31, 2014, the Company accrued $23,586 (2013 - $19,285) in interest expense on the notes payable to related parties. During the same time, the Company accrued $12,915 (2013 - $40,907) on trade accounts payable with related parties.
	Transactions with Related Parties
	During the nine months ended October 31, 2014 and 2013, the Company incurred the following expenses with related parties:
		October 31,			October 31,
		2014			2013
	Consulting fees paid or accrued to a company owned by the CFO	$	90,000		$	70,000
	Consulting fees donated by a company owned by the CFO	$	--		$	20,000
	Advertising and promotion fees paid or accrued to a company controlled by two directors	$	4,113		$	--
	Mineral exploration fees paid or accrued to a company controlled by two directors	$	--		$	22,997
	Rent fees paid or accrued to a company controlled by a major shareholder	$	8,732		$	10,079
	Royalty revenue earned from a company controlled by a major shareholder	$	9,019		$	--

Unproved_Mineral_Properties

Unproved Mineral Properties	3 Months Ended
	Oct. 31, 2014
Notes	'
Unproved Mineral Properties	'
	NOTE 3 - UNPROVED MINERAL PROPERTIES
	Mineral Claims	January 31,		Additions /		Property Taxes		Write-		October 31,
		2014		Payments		Paid / Accrued		down		2014
	Farellon Project
	Farellon Alto 1-8(1)	$	584,414	$	-	$	3,736	$	-2,265	$	585,885
	Cecil		49,975		-		1,730		-		51,705
			634,389		-		5,466		-2,265		637,590
	Perth Project(3)		22,313		-22,313		-		-		-
	Mateo Project
	Margarita		19,575		-		424		-		19,999
	Che (2)		26,371		-		623		-		26,994
	Irene		48,652		-		455		-		49,107
	Mateo		85,101		3,651		27,518		-		116,270
			179,699		3,651		29,020		-		212,370
	Total Costs	$	836,401	$	-18,662	$	34,486	$	-2,265	$	849,960
	(1) The Farellon Alto 1-8 claim is subject to a 1.5% royalty on the net sales of minerals extracted from the property to a total of $600,000. The royalty payments are due monthly while the claim is being exploited, and are subject to minimum payments of $1,000 per month. The Company commenced exploitation of the claim on January 15, 2014 and as of October 31, 2014 paid $9,519 in royalty payments to the vendor.  See Farellon Project discussion below.
	(2) See Perth Project discussion below.
	(3) The claims are subject to a 1% royalty on the net sales of minerals extracted from the property to a total of $100,000. The royalty payments are due monthly once exploitation begins and are not subject to minimum payments. The Company has no obligation to pay the royalty if it does not commence exploitation.
	Perth Project
	On April 30, 2013, the Company granted Geoactiva SpA (“Geoactiva”) an option to purchase 100% of the Perth Property through the execution of a mining option purchase agreement (the “Option Agreement”).
	To maintain the option and acquire the properties, Geoactiva agreed to the following:
	Date	Option			Exploration
		Payments			Expenditures
	April 30, 2013 (paid)	$	37,500		$	-
	October 30, 2013 (paid)		37,500			-
	April 30, 2014 (paid and incurred)		50,000*			500,000
	30-Oct-14		50,000			-
	30-Apr-15		100,000			1,000,000
	30-Oct-15		100,000			-
	30-Apr-16		125,000			1,000,000
	30-Oct-16		250,000			-
	30-Apr-17		250,000			1,000,000
	Total	$	1,000,000		$	3,500,000
	* The amount has been credited against the carrying value of the Perth property. The excess of $27,687 over the carrying value of the Perth property has been recorded as a gain on mineral property option payment in the consolidated statements of operations.
	Upon exercise of the Option Agreement and once the commercial production begins, Geoactiva agreed to pay the Company a Net Smelter Royalty (“NSR”) of 1.5% from the sale of gold, copper, and cobalt extracted from the Perth property. At any time after the exercise of the Option Agreement and Geoactiva’s fulfilment of the investment commitment of $3,500,000 in exploration expenditures, Geoactiva was able to  purchase 100% of the NSR as follows:
	Gold: paying $5 per inferred ounce of gold, according to the definition of Inferred Mineral Resource in the CIM Definition Standards on Mineral Resources and Mineral Reserves.
	Copper: $0.005 per inferred ounce of copper, according to the definition of Inferred Mineral Resource in the CIM Definition Standards on Mineral Resources and Mineral Reserves.
	Cobalt: If Geoactiva acquired the NSR with respect to gold, copper, or both, the NSR relating to cobalt would have been terminated.
	In August 2014 Geoactiva notified the Company of its intention to cancel the Perth Option Agreement. As of the date of this report, the Company is awaiting to receive the legalized documentation on the cancellation of the Option Agreement.
	Farellon Project
	On May 27, 2014, the subsidiary of the Company entered into a Memorandum of Understanding (the “MOU”) with an unrelated party to acquire an option to earn 100% interest in two mining claims contiguous to the Farellon Property. The entry into an option agreement was subject to results of a due diligence process, which was verbally extended from its original due date of July 26, 2014 and, as of October 31, 2014, has not been finalized yet.
	In order to acquire 100% interest in the mining claims the Company will be required to make annual payments totalling $300,000 in a combination of shares and cash over four years. The claims will be subject to a 1.5% NSR which can be bought out by making a one-time payment totalling $1,500,000 any time after acquiring 100% of the property.

Common_Stock_Disclosure

Common Stock Disclosure	3 Months Ended
	Oct. 31, 2014
Notes	'
Common Stock Disclosure	'
	NOTE 4 - COMMON STOCK
	During the nine months ended October 31, 2014, the Company did not have any transactions that resulted in issuance of its common stock.
	Warrants
		Number of Warrants
	Balance, January 31, 2014	7,187,001
	Expired	6,919,666
	Balance, October 31, 2014	267,335
	The weighted average life and weighted average exercise price of the warrants at October 31, 2014 is 0.49 years and $0.10, respectively.
	Options
	On February 28, 2014, the Company granted 1,200,000 options to purchase shares of its common stock to certain officers, directors, consultants and employees. The Chief Executive Officer, Chief Financial Officer, and Vice President of Exploration were each granted options to purchase up to 300,000 shares of the Company’s common stock. The options are exercisable at $0.15 for a term of two years and vested upon grant.
		Number of Options
	Balance, January 31, 2014	-
	Granted	1,200,000
	Balance, October 31, 2014	1,200,000
	The weighted average life and weighted average exercise price of the options at October 31, 2014 is 1.33 years and $0.15, respectively.
	The Company recorded $146,901 as stock-based compensation, which was calculated using the following assumptions under the Black-Scholes option-pricing model:
	Expected life of options	2 years
	Annualized volatility	161%
	Risk-free interest rate	33%
	Dividend yield	Nil

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation: Unaudited Interim Consolidated Financial Statements (Policies)	3 Months Ended
	Oct. 31, 2014
Policies	'
Unaudited Interim Consolidated Financial Statements	'
	Unaudited Interim Consolidated Financial Statements
	The unaudited interim consolidated financial statements of the Company have been prepared in accordance with United States generally accepted accounting principles (“GAAP”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). They do not include all information and footnotes required by GAAP for complete financial statements. Except as disclosed herein, there have been no material changes in the information disclosed in the notes to the financial statements for the year ended January 31, 2014, included in the Company’s Annual Report on Form 10-K, filed with the SEC. The interim unaudited financial statements should be read in conjunction with those financial statements included in Form 10-K. In the opinion of management, all adjustments considered necessary for fair presentation, consisting solely of normal recurring adjustments, have been made. Operating results for the three and nine month periods ended October 31, 2014 are not necessarily indicative of the results that may be expected for the year ending January 31, 2015.

Organization_and_Basis_of_Pres2

Organization and Basis of Presentation: Recent Accounting Pronouncements (Policies)	3 Months Ended
	Oct. 31, 2014
Policies	'
Recent Accounting Pronouncements	'
	Recent Accounting Pronouncements
	The Company has elected to early adopt the guidance in FASB Topic 915 and no longer provides the disclosure for development stage companies. Accordingly, the figures for the period from inception to the current period are no longer provided. Other recent accounting pronouncements with future effective dates are not expected to have an impact on the Company’s financing statements.

RelatedParty_Transactions_Sche

Related-Party Transactions: Schedule of Related Party Transactions (Tables)	3 Months Ended
	Oct. 31, 2014
Tables/Schedules	'
Schedule of Related Party Transactions	'
		October 31,		January 31,
		2014		2014
	Due to a company owned by an officer (a)	$	438,121	$	350,206
	Due to a company controlled by directors (b)		353,399		395,921
	Due to a director (a)		-		5,666
	Due to a company controlled by a major shareholder (a)		99,498		94,099
	Due to a major shareholder (a)		41,508		43,191
	Total due to related parties	$	932,526	$	889,083
	Note payable to the Chief Executive Officer (“CEO”) (c)	$	254,498	$	204,730
	Note payable to the Chief Financial Officer (“CFO”) (c)		10,587		9,974
	Note payable to a major shareholder (c)		95,238		25,378
	Note payable to a company controlled by directors (c)		129,561		67,781
	Total notes payable to related parties	$	489,884	$	307,863

RelatedParty_Transactions_Sche1

Related-Party Transactions: Schedule of Transactions with Related Parties (Tables)	3 Months Ended
	Oct. 31, 2014
Tables/Schedules	'
Schedule of Transactions with Related Parties	'
		October 31,		October 31,
		2014		2013
	Consulting fees paid or accrued to a company owned by the CFO	$	90,000	$	70,000
	Consulting fees donated by a company owned by the CFO	$	--	$	20,000
	Advertising and promotion fees paid or accrued to a company controlled by two directors	$	4,113	$	--
	Mineral exploration fees paid or accrued to a company controlled by two directors	$	--	$	22,997
	Rent fees paid or accrued to a company controlled by a major shareholder	$	8,732	$	10,079
	Royalty revenue earned from a company controlled by a major shareholder	$	9,019	$	--

Unproved_Mineral_Properties_Sc

Unproved Mineral Properties: Schedule of Unproved Mineral Properties (Tables)	3 Months Ended
	Oct. 31, 2014
Tables/Schedules	'
Schedule of Unproved Mineral Properties	'
	Mineral Claims	January 31,		Additions /		Property Taxes		Write-		October 31,
		2014		Payments		Paid / Accrued		down		2014
	Farellon Project
	Farellon Alto 1-8(1)	$	584,414	$	-	$	3,736	$	-2,265	$	585,885
	Cecil		49,975		-		1,730		-		51,705
			634,389		-		5,466		-2,265		637,590
	Perth Project(3)		22,313		-22,313		-		-		-
	Mateo Project
	Margarita		19,575		-		424		-		19,999
	Che (2)		26,371		-		623		-		26,994
	Irene		48,652		-		455		-		49,107
	Mateo		85,101		3,651		27,518		-		116,270
			179,699		3,651		29,020		-		212,370
	Total Costs	$	836,401	$	-18,662	$	34,486	$	-2,265	$	849,960

Unproved_Mineral_Properties_Sc1

Unproved Mineral Properties: Schedule of Exploration Expenses (Tables)	3 Months Ended
	Oct. 31, 2014
Tables/Schedules	'
Schedule of Exploration Expenses	'
	Date	Option		Exploration
		Payments		Expenditures
	April 30, 2013 (paid)	$	37,500	$	-
	October 30, 2013 (paid)		37,500		-
	April 30, 2014 (paid and incurred)		50,000*		500,000
	30-Oct-14		50,000		-
	30-Apr-15		100,000		1,000,000
	30-Oct-15		100,000		-
	30-Apr-16		125,000		1,000,000
	30-Oct-16		250,000		-
	30-Apr-17		250,000		1,000,000
	Total	$	1,000,000	$	3,500,000

Common_Stock_Disclosure_Schedu

Common Stock Disclosure: Schedule of Stockholders' Equity Note, Warrants or Rights (Tables)	3 Months Ended
	Oct. 31, 2014
Tables/Schedules	'
Schedule of Stockholders' Equity Note, Warrants or Rights	'
		Number of Warrants
	Balance, January 31, 2014	7,187,001
	Expired	6,919,666
	Balance, October 31, 2014	267,335

Common_Stock_Disclosure_Schedu1

Common Stock Disclosure: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	3 Months Ended
	Oct. 31, 2014
Tables/Schedules	'
Schedule of Share-based Compensation, Stock Options, Activity	'
		Number of Options
	Balance, January 31, 2014	-
	Granted	1,200,000
	Balance, October 31, 2014	1,200,000

Common_Stock_Disclosure_Schedu2

Common Stock Disclosure: Schedule of Assumptions under the Black-Scholes Option-Pricing Model (Tables)	3 Months Ended
	Oct. 31, 2014
Tables/Schedules	'
Schedule of Assumptions under the Black-Scholes Option-Pricing Model	'
	Expected life of options	2 years
	Annualized volatility	161%
	Risk-free interest rate	33%
	Dividend yield	Nil

Organization_and_Basis_of_Pres3

Organization and Basis of Presentation (Details)	Aug. 21, 2007
Details	'
Business acquisition, interest acquired	99.00%

RelatedParty_Transactions_Sche2

Related-Party Transactions: Schedule of Related Party Transactions (Details) (USD $)	Oct. 31, 2014	Jan. 31, 2014
Due to related party	$932,526	$889,083
Notes payable to related party	489,884	307,863
Company Owned by Officer	'	'
Due to related party	438,121	350,206
Company Controlled by Directors	'	'
Due to related party	353,399	395,921
Notes payable to related party	129,561	67,781
Director	'	'
Due to related party	'	5,666
Company Controlled by Major Shareholder	'	'
Due to related party	99,498	94,099
Majority Shareholder	'	'
Due to related party	41,508	43,191
Notes payable to related party	95,238	25,378
CEO	'	'
Notes payable to related party	254,498	204,730
CFO	'	'
Notes payable to related party	$10,587	$9,974

RelatedParty_Transactions_Sche3

Related-Party Transactions: Schedule of Transactions with Related Parties (Details) (USD $)	9 Months Ended
	Oct. 31, 2014	Oct. 31, 2013
Company Owned by the Chief Financial Officer	'	'
Related Party Transaction, Amounts of Transaction	$90,000	$20,000
Advertising and Promotion Fees, Company Controlled by Directors	'	'
Related Party Transaction, Amounts of Transaction	4,113	'
Mineral Exploration Fees, Company Controlled by Directors	'	'
Related Party Transaction, Amounts of Transaction	'	22,997
Company Controlled by Major Shareholder	'	'
Related Party Transaction, Amounts of Transaction	8,732	10,079
Company Controlled by Major Shareholder(2)	'	'
Related Party Transaction, Amounts of Transaction	$9,019	'

Unproved_Mineral_Properties_Sc2

Unproved Mineral Properties: Schedule of Unproved Mineral Properties (Details) (USD $)	9 Months Ended
	Oct. 31, 2014	Jan. 31, 2014
Mineral claims, balance	$849,960	$836,401
Mineral claims, property taxes	34,486	'
Mineral claims, write-down	-2,265	'
Mineral claims, additions / payments	-18,662	'
Farellon Project	'	'
Mineral claims, balance	637,590	634,389
Mineral claims, property taxes	5,466	'
Mineral claims, write-down	-2,265	'
Perth Project	'	'
Mineral claims, balance	'	22,313
Mineral claims, additions / payments	-22,313	'
Mateo Project	'	'
Mineral claims, balance	212,370	179,699
Mineral claims, property taxes	29,020	'
Mineral claims, additions / payments	$3,651	'

Unproved_Mineral_Properties_Sc3

Unproved Mineral Properties: Schedule of Exploration Expenses (Details) (Perth Project, USD $)	1 Months Ended
	Apr. 30, 2017	Oct. 30, 2016	Apr. 30, 2016	Oct. 30, 2015	Apr. 30, 2015	Oct. 30, 2014	Apr. 30, 2014	Oct. 30, 2013	Apr. 30, 2013
Perth Project	'	'	'	'	'	'	'	'	'
Option payments received	'	'	'	'	'	'	$50,000	$37,500	$37,500
Exploration expenditures	'	'	'	'	'	'	500,000	'	'
Option Payments due to company	250,000	250,000	125,000	100,000	100,000	50,000	'	'	'
Exploration expenses to be incured	1,000,000	'	1,000,000	'	1,000,000	'	'	'	'
Total agreed purchase amount	'	'	'	'	'	'	'	'	1,000,000
Total exploration expenses agreed to be incurred	'	'	'	'	'	'	'	'	$3,500,000

Unproved_Mineral_Properties_De

Unproved Mineral Properties (Details) (Memorandum of Understanding, Farellon Property, USD $)	27-May-14
Memorandum of Understanding, Farellon Property	'
Option to earn interest in mining claims	100.00%
Annual payments totaling	$300,000
NSR buyout, one-time payment	$1,500,000

Common_Stock_Disclosure_Schedu3

Common Stock Disclosure: Schedule of Stockholders' Equity Note, Warrants or Rights (Details)	9 Months Ended
	Oct. 31, 2014	Jan. 31, 2014
Details	'	'
Warrants outstanding	267,335	7,187,001
Warrants expired	6,919,666	'

Common_Stock_Disclosure_Detail

Common Stock Disclosure (Details) (USD $)	9 Months Ended
	Oct. 31, 2014
Details	'
Weighted average life of warrants	0.49
Weighted average exercise price of the warrants	$0.10
Number of options granted	1,200,000
Options exercisable price	$0.15
Weighted average life of options	1.33
Weighted average exercise price of the options	$0.15
Stock-based compensation	$146,901

Common_Stock_Disclosure_Schedu4

Common Stock Disclosure: Schedule of Share-based Compensation, Stock Options, Activity (Details)	Oct. 31, 2014
Details	'
Number of options outstanding	1,200,000

Common_Stock_Disclosure_Schedu5

Common Stock Disclosure: Schedule of Assumptions under the Black-Scholes Option-Pricing Model (Details)	9 Months Ended
	Oct. 31, 2014
Details	'
Expected life of options (years)	2
Annualized volatility	161.00%
Risk-free interest rate	33.00%