FOCUS GOLD 10-Q/A 24 Oct 13 2014 Q2 Quarterly report (amended) Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Aug. 31, 2013
Document and Entity Information:
Entity Registrant Name	FOCUS GOLD Corp
Document Type	10-Q
Document Period End Date	31-Aug-13
Amendment Flag	FALSE
Entity Central Index Key	1360564
Current Fiscal Year End Date	-26
Entity Common Stock, Shares Outstanding	56,142,769
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Aug. 31, 2013		Feb. 28, 2013
Current Assets
Cash	$779		$1,237
Prepaid expenses	53,737		0
Total Current Assets	54,516		1,237
Noncurrent Assets
Notes receivable - Long-term	0		2,085,602
Mineral roayalty interest	1,892,000		0
Total Noncurrent Assets	1,892,000		2,085,602
Total Assets	1,946,516		2,086,839
Current Liabilities
Accounts payable and accrued liabilities	518,979		467,336
Accounts payable and accrued liabilities - related party	70,000		28,093
Notes payable	969,843	[1]	832,737
Derivative liability	1,586,275		1,773,986
Total Current Liabilities	3,145,097		3,102,152
Total Liabilities	3,145,097		3,102,152
Stockholder's Equity (Deficit)
Common stock	561	[2]	87
Additional paid in capital	18,746,931		18,409,825
Preferred Stock	10	[3]	30
Deficit accumulated prior to exploration stage	-414,284		-414,284
Deficit accumulated during exploration stage	-19,335,974		-18,815,146
Treasury Stock	-195,825		-195,825
Total Stockholders' Equity (Deficit)	-1,198,581		-1,015,313
Total Liabilities and Stockholders' Equity (Deficit)	$1,946,516		$2,086,839
[1]	Net of debt discount
[2]	$0.00001 par value, authorized 500,000,000 shares, 56,142,769 shares issued and outstanding as of August 31, 2013 and 8,734,877 shares issued and outstanding as of February 28, 2013
[3]	$0.00001 par value, authorized shares 100,000,000 shares Series A, 1,000,000 authorized and outstanding as of August 31, 2013 and 3,000,000 shares issued and outstanding at February 28, 2013. Series B, 7,000,000 authorized, 1,850 issued and outstanding as of August 31 and at February 28, 2013.

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) (USD $)	Aug. 31, 2013	Feb. 28, 2013
Shareholders' Equity:
Preferred stock, par value	$0.00	$0.00
Preferred Shares authorized	100,000,000	100,000,000
Common stock, par value	$0.00	$0.00
Common Shares authorized	50,000,000	50,000,000
Common Shares issued	56,142,769	8,734,877
Common Shares outstanding	56,142,769	8,734,877
Preferred Shares authorized-Series A	3,000,000	3,000,000
Preferred Shares issued-Series A	3,000,000	3,000,000
Preferred Shares outstanding-Series A	3,000,000	3,000,000
Preferred Shares authorized-Series B	7,000,000	7,000,000
Preferred Shares issued-Series B	1,850	1,850
Preferred Shares outstanding-Series B	1,850	1,850

CONSOLIDATED_CONDENSED_STATEME

CONSOLIDATED CONDENSED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Preferred Stock Series A	Preferred Stock Series B	Common Stock	Additional Paid-in Capital	Accumulated Deficit Prior To Exploration Stage	Retained Earnings / Accumulated Deficit	Treasury Stock	Total
Shares issued, at Feb. 29, 2012	0	0	4,951,252	0	0	0	0	4,951,252
Stock issued during period, Value, conversion of notes	$0	$0	$29	$571,781	$0	$0	$0	$571,810
Stock issued during period, Shares, conversion of notes	0	0	2,918,625	0	0	0	0	2,918,625
Stock issued during period, Value, settlement of fees and interest on notes payable	0	0	1	165,499	0	0	0	165,500
Stock issued during period, Shares, settlement of fees and interest on notes payable	0	0	200,000	0	0	0	0	200,000
Stock issued during period, Value, contract settlement	0	0	0	4,000	0	0	0	4,000
Stock issued during period, Shares, contract settlement	0	0	5,000	0	0	0	0	5,000
Stock issued during period, Value, notes payable penalties	0	0	2	59,058	0	0	0	59,060
Stock issued during period, Shares, cnotes payable penalties	0	0	160,000	0	0	0	0	160,000
Stock issued during period, Value, services	0	0	5	79,995	0	0	0	80,000
Stock issued during period, Shares, services	0	0	500,000	0	0	0	0	500,000
Adjustments to paid in capital other	0	0	0	67,590	0	0	0	67,590	[1]
Preferred stock issued during period, Value	30	0	0	59,970	0	0	0	60,000
Preferred stock issued during period, Shares	3,000,000	1,850	0	0	0	0	0	3,001,850
Shares acquired in settlement of amounts payable and held as treasury shares	0	0	0	0	0	0	-195,825	-195,825
Net income (loss)	0	0	0	0	0	-12,260,077	0	-12,260,077
Dividends	0	0	0	0	0	-925	0	-925
Stockholders' Equity at Feb. 28, 2013	30	0	87	18,409,825	-414,284	-18,815,146	-195,825	-1,015,313
Shares issued, at Feb. 28, 2013	3,000,000	1,850	8,734,877	0	0	0	0	11,736,727
Stock issued during period, Value, conversion of notes	0	0	229	177,847	0	0	0	178,076
Stock issued during period, Shares, conversion of notes	0	0	22,910,392	0	0	0	0	22,910,392
Common stock issed for cash, Value	0	0	200	99,800	0	0	0	100,000
Common stock issed for cash, Shares	0	0	20,000,000	0	0	0	0	20,000,000
Stock issued during period, Value, notes payable penalties	0	0	5	53,479	0	0	0	53,484
Stock issued during period, Shares, cnotes payable penalties	0	0	497,500	0	0	0	0	497,500
Stock issued during period, Value, services	0	0	40	45,960	0	0	0	46,000
Stock issued during period, Shares, services	0	0	4,000,000	0	0	0	0	4,000,000
Preferred shares redeemed, Value	-20	0	0	-39,980	0	0	0	-40,000
Preferred shares redeemed, Shares	-2,000,000	0	0	0	0	0	0	-2,000,000
Net income (loss)	0	0	0	0	0	-515,277	-515,277	-515,278
Dividends	0	0	0	0	0	-5,551	0	-5,551
Stockholders' Equity at Aug. 31, 2013	$10	$0	$561	$18,746,931	($414,284)	($19,335,974)	($195,825)	($1,198,581)
Shares issued, at Aug. 31, 2013	1,000,000	1,850	56,142,769	0	0	0	0	57,144,619
[1]	Warrants issued for debt discount

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS (USD $)	3 Months Ended		6 Months Ended		35 Months Ended
	Aug. 31, 2013	Aug. 31, 2012	Aug. 31, 2013	Aug. 31, 2012	Aug. 31, 2013
Income Statement
Revenues	$0	$0	$0	$0	$0
General & Administrative
Exploration expense	51,638	2,350	51,638	2,350	377,657
Mineral property impairment	0	0	0	0	50,000
General & administrative expenses	144,661	220,513	343,675	413,552	4,687,810
Total Operating Expenses	196,299	222,863	395,313	415,902	5,115,467
Other income (expense)
Interest income	0	0	0	0	107,445
Amortization of debt discount	-83,014	-195,313	-244,892	-456,945	-1,009,747
Interest and financial fees	-231,702	-94,141	-318,952	-1,316,043	-2,527,698
Change in derivitive liabilities	2,034,252	-865,227	443,880	226,804	1,047,841
Gain on settlement of debt	0	389,325	0	389,325	207,927
Note receivable impairment	0	0	0	0	-545,849
Loss on settlement	0	-111,736	0	-111,736	-111,736
Total Other Income (Expenses)	1,719,536	-877,092	-119,964	-1,268,595	-2,831,817
Net Income (Loss) from Continuing Operations	1,523,237	-1,099,955	-515,278	-1,684,497	-7,947,284
Loss from operations of the discontinued entities	0	-3,520,737	0	-4,252,458	-6,951,187
Loss on disposal of the discontinued entities	0	0	0	0	-4,558,050
Loss from discontinued operations attributable to non-controlling interest	0	218,098	0	219,119	127,023
Loss from Discontinuing Operations attributed to Focus Gold	0	-3,302,639	0	-4,033,339	-11,382,214
Net income (loss)	1,523,237	-4,402,594	-515,278	-5,717,836	-19,329,498
Preferred Share Dividends	2,774	0	5,551	0	6,476
Net Income (Loss) Attributable to Focus Gold Common Stockholders	$1,520,463	($4,402,594)	($520,829)	($5,717,836)	($19,335,974)
Basic Net Loss Per Share, Continuing Operations	$0.03	($0.21)	($0.02)	($0.30)	$0.03
Basic Net Loss Per Share, Discontinued Operations	$0	($0.63)	$0	($0.73)	$0
Weighted average number of shares outstanding during the period - basic	46,366,652	5,268,810	32,595,285	5,544,770	46,366,652
Diluted Net Loss Per Share, Continuing Operations	$0	($0.21)	($0.02)	($0.30)	$0.03
Diluted Net Loss Per Share, Discontinued Operations	$0	($0.63)	$0	($0.73)	$0
Weighted average number of shares outstanding during the period - diluted	374,973,964	5,268,810	32,595,285	5,544,770	374,973,964

CONSOLIDATED_CONDENSED_STATEME1

CONSOLIDATED CONDENSED STATEMENT OF CASH FLOWS (USD $)	3 Months Ended		6 Months Ended		35 Months Ended
	Aug. 31, 2013	Aug. 31, 2012	Aug. 31, 2013	Aug. 31, 2012	Aug. 31, 2013
Statement of Cash Flows
Net income (loss)	$1,523,237	($4,402,594)	($515,278)	($5,717,836)	($19,329,498)
Depreciation expense			0	0	4,830
Amortization of debt discount	-83,014	-195,313	-244,892	-456,945	-1,009,747
Non-cash interest and financial fees			314,944	1,292,643	2,373,605
Change in derivitive liabilities	2,034,252	-865,227	443,880	226,804	1,047,841
Gain on settlement of debt	0	389,325	0	389,325	207,927
Loss on settlement	0	-111,736	0	-111,736	-111,736
Stock based compensation			0	0	1,842,200
Mineral property impairment	0	0	0	0	50,000
Note receivable impairment	0	0	0	0	-545,849
Interest income	0	0	0	0	107,445
Common stock issued for services			2,262	13,926	490,871
Decrease in taxes and other amounts receivable			0	4,545	114,614
Decrease/(Increase) in prepaid expenses			-10,000	40,870	-16,087
Increase in accounts payable and accrued expenses			46,092	92,771	654,621
(Decrease)/Increase in accounts payable and accrued expenses - related			41,907	-31,042	180,272
Discontinued operations operating			0	3,615,347	9,475,451
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES			-319,060	-458,635	-3,827,655
Pre-acquisition loans to former subsidiary			0	0	-1,065,347
Post acquisition loan to former subsidiary			0	-200,000	-1,089,525
Purchase of equipment			0	0	-4,826
Redemption of preference stock			-40,000	0	-40,000
Discontinued operations investing			0	200,000	1,194,064
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES			-40,000	0	-1,005,634
Proceeds from the sale of preference stock			0	0	30,000
Proceeds from the sale of common stock			100,000	0	3,012,455
Proceeds from notes payable			65,000	456,000	1,239,000
Proceeds from note receivable			193,602	0	193,602
Discontinued operations financing			0	0	353,714
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES			358,602	456,000	4,828,771
Increase (Decrease) in cash and cash equivalents			-458	-2,635	-4,518
Foreign currency translation adjustment			0	0	5,291
Cash and Cash Equivalents, at Carrying Value, Beginning Balance			1,237	2,641	6
Cash and Cash Equivalents, at Carrying Value, Ending Balance	779	6	779	6	779
Interest			0	0	0
Income taxes, net			$0	$0	$0

Organization_Consolidation_and

Organization, Consolidation and Presentation of Financial Statements	6 Months Ended
	Aug. 31, 2013
Organization, Consolidation and Presentation of Financial Statements:
Organization, Consolidation and Presentation of Financial Statements Disclosure	Focus Gold Corporation (the "Company") was incorporated on December 23, 2005 under the laws of the State of Nevada under the name Real Estate Referral Center Inc. On April 21, 2009, the Company changed its name to Gold Bag, Inc. and effective June 6, 2011 to Focus Gold Corporation. In October 2010 the Company entered into an option agreement with Victoria Gold Inc. for the right to explore and purchase mineral claims located in Ontario Canada and since that time the Company’s principal business has been the acquisition and exploration of mineral resources.  The Company is considered an exploration stage company and its financial statements are presented in a manner similar to a development stage company as defined in FASC 915-10-05, and interpreted by the Securities and Exchange Commission for mining companies in Industry Guide 7.  As at February 28, 2013, the Company disposed of all of its then existing mineral properties and the Company has initiated steps to restructure itself and has engaged an outside consultant to identify, review, and assess additional mineral properties for purchase. The Company has developed a private equity strategy to acquiring gold mining properties following several key investment criteria that include: properties that are in safe governmental jurisdictions primarily in the Americas; properties that provide geographic diversification across its portfolio; projects with significant exploration upside; and, where possible, properties with existing capable management teams to which it can then provide senior level experienced management oversight.  Once a property has matured, the Company will seek to divest the property either through a strategic sale or through a spin-off into a stand-alone public company.
	On December 31, 2010, the Company acquired 100% ownership of Fairfields Gold S.A. de CV (“Fairfields”), a Mexican corporation involved in the exploration and expansion of its mineral properties. On October 25, 2011, through its wholly owned subsidiary Focus Celtic Gold Corporation (“Celtic”) the Company completed on the acquisition of 98.65% ownership of Metallum Resources Plc. (“Metallum”), an England &Wales corporation which is involved in the exploration and expansion of its mineral properties. Subsequent to the acquisition, the Company exchanged shares of Celtic for settlement of accounts payable reducing the Company’s equity stake in Celtic to 92.16%.   On October 5, 2012, the Company sold its 92.16% interest in Celtic. The associated assets and liabilities of Celtic and Metallum have been classified as discontinued operations at February 29, 2012.  The operations of Celtic and Metallum Resources Plc. through October 5, 2012 have been reflected in loss from operations of discontinued entities in the condensed consolidated statements of operations. On February 8, 2013, the Company sold its 100% interest in Fairfields. The operations of Celtic and Fairfields for the six month period ended August 31, 2012 have been reflected in loss from operations of discontinued entities in the condensed consolidated statements of operations.
	The prior period results of continuing operations of Celtic and Fairfields have been reclassified to loss from discontinued operations.  All significant intercompany accounts and transactions are eliminated in consolidation.
Reclassification, Policy	Certain amounts in the condensed consolidated balance sheet of August 31, 2012, the condensed consolidated statement of operations for the three month and six month periods ended August 31, 2012 and the condensed consolidated cash flow statement for the six month period ended August 31, 2012 have been reclassified to conform with the current year’s presentation.
	All references to common shares of the Company have been adjusted to give effect to the implementation of a 20:1 reverse split of the Company’s authorized and issued common stock which was effected on January 14, 2013.
Use of Estimates, Policy	The preparation of these condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas requiring the use of management estimates include the determination of impairment of mineral properties and equipment, useful lives for amortization, valuation allowances for future income tax assets, fair value of non-cash stock-based compensation and reclamation and environmental obligations. Actual results, as determined by future events, may differ from these estimates.
Going Concern Note	The Company's financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America, and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The Company incurred a net loss of $515,277 during the six month period ended August 31, 2013, and has an accumulated deficit of $19,335,974 since entry into the exploration stage. Additionally, the Company is in default of various notes with principal amounts aggregating $349,100. The Company changed its principal business to the development and exploitation of mineral properties in October 2010, but has not yet established an ongoing source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease development of operations.
	In order to continue as a going concern, develop a reliable source of revenues, and achieve a profitable level of operations the Company will need, among other things, additional capital resources. Management’s plans to continue as a going concern include raising additional capital through sales of common stock and or a debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

Accounting_Changes_and_Error_C

Accounting Changes and Error Corrections	6 Months Ended
	Aug. 31, 2013
Accounting Changes and Error Corrections:
New Accounting Pronouncements and Changes in Accounting Principles	The Company has implemented all new accounting pronouncements that are in effect. These 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

Accounting_Policies

Accounting Policies	6 Months Ended
	Aug. 31, 2013
Accounting Policies:
Significant Accounting Policies	This summary of significant accounting policies of the Company is presented to assist in understanding the Company’s financial statements. This condensed summary should be read in conjunction with the disclosure of accounting policies in the Company’s audited financial statements for the year ended February 28, 2013.
	(a)     Mineral Properties, Leases and Exploration and Development Costs
	The Company accounts for mineral properties in accordance with ASC 930: Extractive Activities-Mining. Costs of acquiring mineral properties and leases are capitalized by project area upon purchase of the associated claims (see Note 5). Mineral properties are periodically assessed for impairment of value and any diminution in value.
	The Company accounts for mineral exploration and development costs in accordance with ASC 932: Extractive Activities.  All exploration expenditures are expensed as incurred, previously capitalized costs are expensed in the period the property is abandoned.  Expenditures to develop new mines, to define further mineralization in existing ore bodies, and to expand the capacity of operating mines, are capitalized and amortized on units of production basis over proven and probable reserves.
	Any option payments received by the Company from third parties or tax credits refunded to the Company are credited to the capitalized cost of the mineral property or to exploration costs as applicable. If payments received exceed the capitalized cost of the mineral property or the exploration costs incurred, the excess is recognized as income in the year received.
	The amounts shown for mineral properties do not necessarily represent present or future values. Their recoverability is dependent upon the discovery of economically recoverable reserves, the ability of the Company to obtain the necessary financing to complete the development, and future profitable production or proceeds from the disposition thereof.
	(b)     Derivative Instruments
	Derivative instruments consist of common stock warrants and certain instruments embedded in certain notes payable and related agreements. These financial instruments are recorded in the balance sheets at fair value as liabilities. Changes in fair value are recognized in earnings in the period of change.
	(c)     Impairment of Long-lived Assets
	The Company reviews and evaluates its long-lived assets for impairment at each balance sheet date and documents such impairment testing. The tests include an evaluation of the assets and events or changes in circumstances that would indicate that the related carrying amounts may not be recoverable. Mineral properties in the exploration stage are monitored for impairment based on factors such as the Company's continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company's continued plans to fund exploration programs on the property, whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered, even though a viable mine has been discovered.
	The tests for long-lived assets in the exploration, development or producing stage that would have a value beyond proven and probable reserves would be monitored for impairment based on factors such as current market value of the mineral property and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset, including evaluating its reserves beyond proven and probable amounts.
	The Company's policy is to record an impairment loss in the period when it is determined that the carrying amount of the asset may not be recoverable either by impairment or by abandonment of the property. The impairment loss is calculated as the amount by which the carrying amount of the assets exceeds its fair value.
	During the year ended February 28, 2013, the Company recorded an impairment charge on its Metallum properties and Watabeag & Russell.
	(d)     Stock-based Compensation
	The Company accounts for stock based compensation to employees as required by ASC718: Compensation-Stock Compensation and stock based compensation to nonemployees as required by ASC505-50: Equity-Based Payments to Non-Employees.  Options and warrants are valued using the Black-Scholes pricing model. The offset to the recorded stock based compensation cost is to additional paid-in capital. Consideration received on the exercise of stock options is recorded as share capital and additional paid-in capital and the related additional paid-in capital is transferred to share capital.
	(e)     Warrants
	The Company accounts for warrants issued in conjunction with stock issuances under private placement using the fair value method. Under this method, the value of warrants issued is measured at fair value at the grant date using the Black-Scholes valuation model and recorded as share capital and additional paid-in capital.
	The Company recognized the value of detachable warrants issued in conjunction with issuance of notes payable using the Black-Scholes pricing model. The Company recorded the relative fair value of the warrant as an increase to additional paid-in capital and discount against the related debt. The discount attributed to the value of the warrants is then amortized over the term of the underlying debt instrument.
	(f)      Estimates
	The preparation of these condensed consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Significant areas requiring the use of management estimates include the determination of impairment of mineral properties and equipment, useful lives for amortization, valuation allowances for future income tax assets, fair value of non-cash stock-based compensation and reclamation and environmental obligations. Actual results, as determined by future events, may differ from these estimates.
	(g)     Recent Accounting Pronouncements
	The Company has implemented all new accounting pronouncements that are in effect. These 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
	(h)     Going Concern
	The Company's financial statements are prepared using the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America, and have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business. The Company incurred a net loss of $515,277 during the six month period ended August 31, 2013, and has an accumulated deficit of $19,335,974 since entry into the exploration stage. Additionally, the Company is in default of various notes with principal amounts aggregating $349,100. The Company changed its principal business to the development and exploitation of mineral properties in October 2010, but has not yet established an ongoing source of revenues sufficient to cover its operating costs and to allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease development of operations.
	In order to continue as a going concern, develop a reliable source of revenues, and achieve a profitable level of operations the Company will need, among other things, additional capital resources. Management’s plans to continue as a going concern include raising additional capital through sales of common stock and or a debt financing. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.
	The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.
	(i)       Fair Value Measurements
	The FASB’s Accounting Standards Codification defines fair value as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants and requires that assets and liabilities carried at fair value are classified and disclosed in the following three categories:
	Level 1 – Quoted prices for identical instruments in active markets.
	Level 2 – Quoted prices for similar instruments in active or inactive markets and valuations derived from models where all significant inputs are observable in active markets.
	Level 3 – Valuations derived from valuation techniques in which one or more significant inputs are unobservable in any market.
	Given the conditions surrounding the trading of the Company’s equity securities, the Company values its derivative instruments related to embedded conversion features and warrants from the issuance of convertible debentures in accordance with the Level 3 guidelines. For the six month period ended August 31, 2013, the following table reconciles the beginning and ending balances for financial instruments that are recognized at fair value in these condensed consolidated financial statements. The fair value of warrants and embedded conversion features that have exercise reset features are estimated using an adjusted Black-Scholes model based on the Company’s estimation of the likelihood of the occurrence of a reset.
			Balance at February 28, 2013		New Issuances		Changes in Fair Values		Balance at  August 31, 2013
	Level 3 –
	Derivative liabilities from:
	Conversion features	$	755,311	$	256,169	$	-198,791	$	812,689
	Warrants		1,018,675		-		-245,089		773,586
		$	1,773,986	$	256,169	$	-443,880	$	1,586,275
	Changes in the unobservable input values would likely cause material changes in the fair value of the Company’s Level 3 financial instruments. The significant unobservable input used in the fair value measurement is the estimation of the likelihood of the occurrence of a change to the contractual terms of the financial instruments. A significant increase (decrease) in this likelihood would result in a higher (lower) fair value measurement.
	(j)      Reclassification
	Certain amounts in the condensed consolidated balance sheet of August 31, 2012, the condensed consolidated statement of operations for the three month and six month periods ended August 31, 2012 and the condensed consolidated cash flow statement for the six month period ended August 31, 2012 have been reclassified to conform with the current year’s presentation.
	All references to common shares of the Company have been adjusted to give effect to the implementation of a 20:1 reverse split of the Company’s authorized and issued common stock which was effected on January 14, 2013.
Derivatives, Policy	Derivative instruments consist of common stock warrants and certain instruments embedded in certain notes payable and related agreements. These financial instruments are recorded in the balance sheets at fair value as liabilities. Changes in fair value are recognized in earnings in the period of change.
Impairment or Disposal of Long-Lived Assets, Including Intangible Assets, Policy	The Company reviews and evaluates its long-lived assets for impairment at each balance sheet date and documents such impairment testing. The tests include an evaluation of the assets and events or changes in circumstances that would indicate that the related carrying amounts may not be recoverable. Mineral properties in the exploration stage are monitored for impairment based on factors such as the Company's continued right to explore the area, exploration reports, assays, technical reports, drill results and the Company's continued plans to fund exploration programs on the property, whether sufficient work has been performed to indicate that the carrying amount of the mineral property cost carried forward as an asset will not be fully recovered, even though a viable mine has been discovered.
	The tests for long-lived assets in the exploration, development or producing stage that would have a value beyond proven and probable reserves would be monitored for impairment based on factors such as current market value of the mineral property and results of exploration, future asset utilization, business climate, mineral prices and future undiscounted cash flows expected to result from the use of the related assets. Recoverability of assets to be held and used is measured by a comparison of the carrying amount of an asset to the estimated future net undiscounted cash flows expected to be generated by the asset, including evaluating its reserves beyond proven and probable amounts.
	The Company's policy is to record an impairment loss in the period when it is determined that the carrying amount of the asset may not be recoverable either by impairment or by abandonment of the property. The impairment loss is calculated as the amount by which the carrying amount of the assets exceeds its fair value.
	During the year ended February 28, 2013, the Company recorded an impairment charge on its Metallum properties and Watabeag & Russell.
Share-based Compensation, Option and Incentive Plans Policy	The Company accounts for stock based compensation to employees as required by ASC718: Compensation-Stock Compensation and stock based compensation to nonemployees as required by ASC505-50: Equity-Based Payments to Non-Employees.  Options and warrants are valued using the Black-Scholes pricing model. The offset to the recorded stock based compensation cost is to additional paid-in capital. Consideration received on the exercise of stock options is recorded as share capital and additional paid-in capital and the related additional paid-in capital is transferred to share capital.
Fair Value Measurement, Policy	The FASB’s Accounting Standards Codification defines fair value as the amount that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants and requires that assets and liabilities carried at fair value are classified and disclosed in the following three categories:
	Level 1 – Quoted prices for identical instruments in active markets.
	Level 2 – Quoted prices for similar instruments in active or inactive markets and valuations derived from models where all significant inputs are observable in active markets.
	Level 3 – Valuations derived from valuation techniques in which one or more significant inputs are unobservable in any market.
	Given the conditions surrounding the trading of the Company’s equity securities, the Company values its derivative instruments related to embedded conversion features and warrants from the issuance of convertible debentures in accordance with the Level 3 guidelines. For the six month period ended August 31, 2013, the following table reconciles the beginning and ending balances for financial instruments that are recognized at fair value in these condensed consolidated financial statements. The fair value of warrants and embedded conversion features that have exercise reset features are estimated using an adjusted Black-Scholes model based on the Company’s estimation of the likelihood of the occurrence of a reset.
			Balance at February 28, 2013		New Issuances		Changes in Fair Values		Balance at  August 31, 2013
	Level 3 –
	Derivative liabilities from:
	Conversion features	$	755,311	$	256,169	$	-198,791	$	812,689
	Warrants		1,018,675		-		-245,089		773,586
		$	1,773,986	$	256,169	$	-443,880	$	1,586,275
	Changes in the unobservable input values would likely cause material changes in the fair value of the Company’s Level 3 financial instruments. The significant unobservable input used in the fair value measurement is the estimation of the likelihood of the occurrence of a change to the contractual terms of the financial instruments. A significant increase (decrease) in this likelihood would result in a higher (lower) fair value measurement.

Cash_and_Cash_Equivalents

Cash and Cash Equivalents	6 Months Ended
	Aug. 31, 2013
Cash and Cash Equivalents:
Cash and Cash Equivalents Disclosure	The significant non-cash transactions for the year ended February 28, 2013 consisted of the issuance of the 22,910,392 shares of the Company’s common stock for the exercise of conversions under the Company’s convertible securities in the amount of $178,076; 497,500 shares of common stock for settlement of $53,484 of penalties on notes payable; and 4,000,000 shares of common stock for $46,000 of marketing services.The significant non-cash transactions for the six month period ended August 31, 2012 consisted of the issuance of 1,041,262 shares of the Company’s common stock for the exercise of conversions under the Company’s convertible securities in the amount of $499,089; and 200,000 shares of common stock for settlement of $554,826 of accrued promissory note fees.

Debt

Debt	6 Months Ended
	Aug. 31, 2013
Debt:
Debt Disclosure	In September 2011, the Company entered into two Demand Promissory Notes (the “Notes”) in the aggregate amount of $270,000. The Notes were due upon demand after November 14, 2011 ($200,000, the “September 14, 2011 Note”) and November 19, 2011 ($70,000, the “September 19, 2011 Note”). The Notes bear interest at the rate of 2% per month calculated and compounded monthly and a commitment arrangement and placement fee of $67,500 per month (less interest). On June 14 and 19, 2012 the Company entered into a Promissory Note Amending Agreement with the holders of the Notes where by the note holders agreed to extend the maturity of the September 14, 2011Note to September 14, 2012 and the September 19, 2011 Note to September 19, 2012 and to settle outstanding commitment, arrangement and placement fees of $554,825 in exchange for 200,000 shares of the Company’s common stock, and eliminate any future commitment, arrangement and placement fees under these promissory notes. In September 2012 the Notes with a principal amount of $270,000 matured without payment and are in default thereafter.
	Under the terms of the Notes as modified, in the event of non-payment by the Company at maturity, the interest rate on the Notes increases to 5% per month and the Company is required to issue 57,500 and 20,000 shares of the Company’s common stock respectively in advance for each month of non-payment of the Notes.  During the six month period ended August 31, 2013 the Company issued the note holders 497,500 shares of the Company’s common stock in settlement of $53,484 of penalty shares.  The fair value at August 31, 2013 of the penalty shares outstanding of $2,316 (February 28, 2013, $48,430) and accrued interest of $332,839 (February 28, 2013, $178,101) are included in the Notes Payable in the condensed consolidated balance sheets.
	On March 22, 2012 the Company issued a Convertible Promissory Note to JMJ Financial (“JMJ”) in aggregate principal amount of $2,110,000 (the “JMJ Note”) to be advanced over time. In consideration for issuing of the JMJ Note and 125,000 warrants, JMJ provided the initial funding of $275,000 (total of $356,000 through February 28, 2013). The JMJ Note bears interest at a one-time amount of 10%, matures three years from the date of issuance, is secured by 25% of the Company’s investment property and ownership or other equity interests the Company holds in Focus Celtic Gold Corporation, its wholly owned subsidiary, and is convertible into shares of the Company’s common stock, at JMJ’s option, at a conversion price, equal to 80% of the average of the three lowest trade prices for the Company’s common stock during the 20 trading days prior to the conversion. The Note was issued with a 10% original issue discount. The original issue discount of $39,556 is being accreted to amortization of debt discount over the term of the note. JMJ has agreed to restrict their ability to convert the JMJ Note and receive shares of common stock so that the number of shares of common stock held by JMJ and its affiliates in the aggregate after such conversion or exercise, does not exceed 4.99% of the then issued and outstanding shares of the Company’s common stock. No interest or principal payments are required until the maturity date. The Note may be prepaid at any time prior to Maturity Date at 150%. The 125,000 warrants issued to JMJ entitle JMJ to purchase up to 125,000 shares of the Company’s common stock at $4.00 per share, subject to adjustment to maintain an aggregate exercise price of $500,000. The 125,000 common share purchase warrants may in certain circumstances be exercised in whole or part in a cashless exercise equal to the difference between the VWAP on the trading day immediately preceding the date on which the holder elects to exercise the warrant, and the exercise price of the warrant times the number of warrants so being exercised. The warrant exercise price may be adjusted to a lesser amount than $4.00 where, at any time while the warrant is outstanding, and the Company sells or grants an option to purchase or sell, or grants any right to re-price, or issues any share of common stock or security convertible into the Company’s common stock, at an effective price less than the $4.00 exercise price, the exercise price shall be reduced to that lesser amount. The warrant is non-transferrable. The Company has determined that the warrants and the convertible feature of the JMJ Note are derivative liabilities with fair values of $418,531 and $867,469 respectively at their dates of issue. The fair value of the derivative liability was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 3.0 years; volatility of 102.6%; no dividend yield; and a risk free interest rate of 0.56%. The fair value of the derivative liability was recorded as a discount to the debt of $337,692 and $948,308 of interest and financing fees. The discount is being amortized to amortization of debt discount over the term of the JMJ Note. The unamortized discount at August 31, 2013 was $121,056 (February 28, 2013 - $193,858).
	At August 31, 2013, the fair value of the derivative liability on the warrants and conversion feature was determined to be $773,586 (February 28, 2012 - $1,018,675) and $276,931 (February 28, 2013 - $291,921) respectively. The fair value of the derivative liability at August 31, 2013 was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 1.6 years; volatility of 101.26%; no dividend yield; and a risk free interest rate of 0.25%. The Company estimates the fair value of this derivative liability at each reporting period and records any change in the fair value of the derivative liability to the statement of operations. During the six month period ended August 31, 2013, the holder of the JMJ Note exercised conversion rights and the Company issued an aggregate of 3,740,000 of its common stock for $51,556 principal amount of this note.
	On July 23, 2012 the Company issued a 6% Redeemable Convertible Note (the “GEL Note”) to GEL Properties LLC. (“GEL”) in the amount of $100,000. The Company received net proceeds of $94,485. The GEL Note is due and payable July 23, 2013 and accrues interest on the outstanding principal balance at the rate of 6% per annum. The GEL Note is convertible at any time after January 23, 2013, into shares of the Company's common stock at a conversion price that is equal to 70% of the lowest closing bid price of the Company’s common stock as reported on the OTC Markets OTC QB on which the Company’s shares are traded, for any of the five trading days including the day upon which a notice of conversion is received by the Company. At any time, the Company has the option to redeem the GEL Note and pay to the holder, 150% of the unpaid principal amount of the GEL Note, in full. As part of the loan, the Company issued to the note holder 71,429 transferable warrants to purchase one common share per warrant at $1.40 per share for a period of three years. The fair value of the 71,429 warrants was $25,738 and was recorded as interest and financial fees. The fair value of the warrants was calculated at the grant date using the Black-Scholes option pricing model with the following assumptions: expected life of 3.0 years; volatility of 91.32%; no dividend yield; and a risk free interest rate of 0.34%.   The GEL Note was determined to have a derivative liability related to its conversion feature with a fair value of $104,954 at July 23, 2012 which was recorded as a discount to the debt of $100,000 and $4,954 of interest and financing fees. The fair value of the derivative liability was determined at the grant date using the Black-Scholes option pricing model with the following assumptions: expected life of 1 year; volatility of 84.96%; no dividend yield; and a risk free interest rate of 0.14%. The discount was amortized to amortization of debt discount over the term of the note and has been fully amortized  During the six month period ended August 31, 2013, the holder of the GEL Note exercised conversion rights and the Company issued an aggregate 2,443,294 shares of its common stock for $25,500 principal amount of this note.  The outstanding principal balance of the GEL Note at August 31, 2013 was $65,000 (February 28, 2013 $90,500).  The GEL Note matured July 23, 2013 without payment or settlement and is currently in default.
	On September 5, 2012, the Company issued an 8% convertible promissory note (the “8% Note”) to Asher Enterprises, Inc. for a principal amount of $68,000.The Company received net proceeds of $61,600.  The 8% Note is due and payable June 7, 2013 and accrues interest on the outstanding principal balance at the rate of 8% per annum.  Any time after 180 days following the date of this note, the 8% Note is convertible into shares of the Company's common stock at a conversion price that is equal to 58% of the average of the lowest three trading prices during the ten trading days preceding the date of conversion. The exercise price may be adjusted to a lower amount where the Company grants or sells shares or options or other convertible securities at a price that is lower than the then in effect conversion price.  At any time up and until 180 days from the date of the 8% Note, the Company has the option to redeem the 8% Note for payment to the note holder ranging from 115% to 140% of the unpaid principal amount of the 8% Note..  In event of default, the Company is required to pay the note holder the greater of (i) 150% of the principal as well as interest and other amounts payable to the note holder or (ii) parity value of the common shares that would be issuable upon conversion multiplied by the highest closing price for the common stock during the period beginning on the date of the first occurrence of the default and ending one day prior to the mandatory payment date.  In the event of default interest on the 8% Note accrues at 22% per annum.  The 8% Note is secured with 170,000 of the Company’s common shares held in treasury. The 8% Note has been determined to have a derivative liability related to its conversion feature with a fair value of $119,619 at September 5, 2012. The fair value of the derivative liability was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 0.75 years; volatility of 82.48%; no dividend yield; and a risk free interest rate of 0.18%. The fair value of the derivative liability was recorded as a discount to the debt of $68,000 and $51,619 of interest and financing fees. The discount was amortized to amortization of debt discount over the term of the note.   During the six month period ended August 31, 2013, the holder of the October 15 Note exercised conversion rights and the Company issued an aggregate 9,049,875 shares of its common stock for $70,720 of principal and interest on this note and fully extinguished its obligations to the holder on June 18,2013.
	On October 15, 2012, the Company issued an 8% convertible promissory note (the “October 15 Note”) to Asher Enterprises, Inc. for a principal amount of $37,500.The Company received net proceeds of $33,125. The October 15 Note is due and payable July 17, 2013 and accrues interest on the outstanding principal balance at the rate of 8% per annum. Any time after 180 days following the date of this note, the October 15 Note is convertible into shares of the Company's common stock at a conversion price that is equal to 58% of the average of the lowest three trading prices during the ten trading days preceding the date of conversion. The exercise price may be adjusted to a lower amount where the Company grants or sells shares or options or other convertible securities at a price that is lower than the then in effect conversion price.  At any time up and until 180 days from the date of the October 15 Note, the Company has the option to redeem the October 15 Note for payment to the note holder  ranging from 115% to 140% of the unpaid principal amount of the October 15 Note.  In event of default, the Company is required to pay the note holder the greater of (i) 150% of the principal as well as interest and other amounts payable to the note holder or (ii) parity value of the common shares that would be issuable upon conversion multiplied by the highest closing price for the common stock during the period beginning on the date of the first occurrence of the default and ending one day prior to the mandatory payment date.  In the event of default interest on the October 15 Note accrues at the rate of 22% per annum.  The October 15 Note has been determined to have a derivative liability related to its conversion feature with a fair value of $34,105 at October 15, 2012. The fair value of the derivative liability was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 0.75 years; volatility of 82.54%; no dividend yield; and a risk free interest rate of 0.18%.
	The fair value of the derivative liability was recorded as a discount to the debt of $34,105. The discount was amortized to amortization of debt discount over the term of the note. The unamortized discount and the fair value of the derivative liability at August 31, 2013 was $nil (February 28, 2013 - $15,559) and $9,310 (February 28, 2013 - $31,457) respectively.  The fair value of the derivative liability at August 31, 2013 was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 0.1 years; volatility of 145.14%; no dividend yield; and a risk free interest rate of 0.02%. The Company estimates the fair value of this derivative liability at each reporting period and records any change in the fair value of the derivative liability to the statement of operations. During the six month period ended August 31, 2013, the holder of the October 15 Note exercised conversion rights and the Company issued an aggregate 5,256,171 shares of its common stock for $23,400 principal amount of this note.  The October 15 Note matured July 17, 2013 without payment or settlement on the then outstanding principal amount of $14,100 and is now in default.
	On November 30, 2012, the Company entered into a 6% convertible promissory note with Circadian Group in the amount of $54,325 in settlement of amounts payable due Circadian Group (the “Circadian Note”).  The Circadian Note matured on May 31, 2013 and has a redemption premium of 110% of the principal amount including 6% interest payable on the principal amount.   The holder of the Circadian Note may convert the principal amount and interest to shares of the Company’s common stock at any time at a conversion price equal to a 20% discount to the lowest closing price during the five trading days immediately prior to conversion notice, as reported by nasdaq.com. The Company has determined that the convertible feature of the Circadian Note is a derivative liability with fair value of $30,148 at November 30, 2012 which was recorded as a discount to the debt of $30,148 and was amortized to amortization of debt discount over the term of the note.  The fair value of the derivative liability was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 0.5 years; volatility of 79.84%; no dividend yield; and a risk free interest rate of 0.13%. The redemption premium of $5,435 was amortized to amortization of debt discount over the life of the note.  On August 9, 2013, the holder of the Circadian Note assigned their rights in the Circadian Note to Redwood Management, LLC, and the Company and Redwood Management, LLC entered into a Securities Settlement Agreement dated August 9, 2013 to settle the Circadian Note in exchange for the amount of $54,325 payable to Redwood Management, LLC maturing February 9, 2014 (the “Redwood-Circadian Note”).  The Redwood-Circadian Note bears interest at 12% of the principal amount regardless of when repaid and the holder of the Redwood-Circadian Note may convert the principal amount and interest to shares of the Company’s common stock at any time at a conversion price equal to a 50% discount to the lowest closing price determined on the current trading market for the Company’s common stock during the twenty trading days immediately prior to conversion notice.  The Company may, if the Redwood-Circadian Note is not in default, prepay any portion of the principal amount at 125% of such amount upon seven days written notice.  The Company has determined that the convertible feature of the Redwood-Circadian Note is a derivative liability with fair value of $110,351 at August 9, 2013. The fair value of the derivative liability was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 0.5 years; volatility of 114.44%; no dividend yield; and a risk free interest rate of 0.05%. The fair value of the derivative liability was recorded as a discount to the debt of $54,325 and $56,025 of interest and finance fees.
	This discount is being amortized to amortization of debt discount over the term of the note. The unamortized discount, and the fair value of the derivative liability at August 31, 2013 was $47,830 (February 28, 2013 - $nil), and $94,291 (February 28, 2013 - $nil) respectively.  The fair value of the derivative liability at August 31, 2013 was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 0.45 years; volatility of 136.60%; no dividend yield; and a risk free interest rate of 0.05%. The Company estimates the fair value of this derivative liability at each reporting period and records any change in the fair value of the derivative liability to the statement of operations.  During the six month period ended August 31, 2013, the holder of the Redwood-Circadian Note exercised conversion rights and the Company issued an aggregate 2,421,052 shares of its common stock for $6,900 principal amount of this note.
	On December 20, 2012, the Company entered into a 6% convertible promissory note with William Leiberman in the amount of $50,000 in settlement of litigation between the parties (the “Leiberman Note”).  The Leiberman Note matured on September 30, 2013 and has a redemption premium of 110% of the principal amount including 6% interest payable on the principal amount.   The holder of the Leiberman Note may convert the principal amount and interest to shares of the Company’s common stock at any time at a conversion price equal to a 15% discount to the lowest closing price during the five trading days immediately prior to conversion notice, as reported by nasdaq.com. The Company has determined that the convertible feature of the Leiberman Note is a derivative liability with fair value of $29,139 at December 20, 2012 which was recorded as a discount to the debt of $29,139 and is being amortized to amortization of debt discount over the term of the note.. The fair value of the derivative liability was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 0.6 years; volatility of 113.40%; no dividend yield; and a risk free interest rate of 0.18%. The redemption premium of $5,000 is being amortized to amortization of debt discount over the life of the note. The unamortized discount, unamortized redemption premium and the fair value of the derivative liability at August 31, 2013 was $3,078 (February 28, 2013 - $21,957), $528 (February 28, 2013 - $3,768) and $36,418 (February 28, 2013 - $27,278) respectively.  The fair value of the derivative liability at August 31, 2013 was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 0.5 years; volatility of 134.34%; no dividend yield; and a risk free interest rate of 0.05%. The Company estimates the fair value of this derivative liability at each reporting period and records any change in the fair value of the derivative liability to the statement of operations. This note is currently in default as of September 30, 2013.
	On January 16, 2013, the Company issued an 8% convertible promissory note (the “January 16 Note”) to Asher Enterprises, Inc. for a principal amount of $42,500.The Company received net proceeds of $38,300.  The January 16 Note is due and payable September 18, 2013 and accrues interest on the outstanding principal balance at the rate of 8% per annum.  Any time after 180 days following the date of this note, the January 16 note is convertible into shares of the Company's common stock at a conversion price that is equal to 58% of the average of the lowest three trading prices during the ten trading days preceding the date of conversion.
	The exercise price may be adjusted to a lower amount where the Company grants or sells shares or options or other convertible securities at a price that is lower than the then in effect conversion price.  At any time up and until 180 days from the date of the January 16 Note, the Company has the option to redeem the January 16 Note for payment to the note holder ranging from 115% to 140% of the unpaid principal amount of the January 16 Note.  In event of default, the Company is required to pay the note holder the greater of (i) 150% of the principal as well as interest and other amounts payable to the note holder or (ii) parity value of the common shares that would be issuable upon conversion multiplied by the highest closing price for the common stock during the period beginning on the date of the first occurrence of the default and ending one day prior to the mandatory payment date.  In the event of default interest on the January 16 Note accrues at the rate of 22% per annum.  The January 16 Note has been determined to have a derivative liability related to its conversion feature with a fair value of $77,474 at January 16, 2013 which was recorded as a discount to the debt of $42,500 and $34,974 of interest and financing fees. The fair value of the derivative liability was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 0.70 years; volatility of 117.87%; no dividend yield; and a risk free interest rate of 0.18%. The discount is being amortized to amortization of debt discount over the term of the note. The unamortized discount and the fair value of the derivative liability at August 31, 2013 was $3,122 (February 28, 2013 - $35,041) and $30,982 (February 28, 2013 - $37,556) respectively.  The fair value of the derivative liability at August 31, 2013 was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 0.5 years; volatility of 131.34%; no dividend yield; and a risk free interest rate of 0.05%. The Company estimates the fair value of this derivative liability at each reporting period and records any change in the fair value of the derivative liability to the statement of operations. This note is currently in default as of September 18, 2013.
	On June 7, 2013, the Company issued an 8% convertible promissory note (the “June 8% Note”) for a principal amount of $47,500 to Asher Enterprises.  The Company received net proceeds of $45,000.  The June 8% Note is due and payable March 8, 2014 and accrues interest on the outstanding principal balance at the rate of 8% per annum.  Any time after 180 days following the date of this note, the June 8% Note is convertible into shares of the Company's common stock at a conversion price that is equal to 58% of the average of the lowest three trading prices during the ten trading days preceding the date of conversion.  The exercise price may be adjusted to a lower amount where the Company grants or sells shares or options or other convertible securities at a price that is lower than the then in effect conversion price.  At any time up and until 180 days from the date of the June 8% Note, the Company has the option to redeem the June 8% Note for payment to the note holder ranging from 115% to 140% of the unpaid principal amount of the June 8% Note.  In event of default, the Company is required to pay the note holder the greater of (i) 150% of the principal as well as interest and other amounts payable to the note holder or (ii) parity value of the common shares that would be issuable upon conversion multiplied by the highest closing price for the common stock during the period beginning on the date of the first occurrence of the default and ending one day prior to the mandatory payment date.  In the event of default interest on the June 8% Note accrues at the rate of 22% per annum.  The June 8% Note has been determined to have a derivative liability related to its conversion feature with a fair value of $110,035 at June 7, 2013 which was recorded as a discount to the debt of $47,500 and $62,535 of interest and financing fees.
	The fair value of the derivative liability was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 0.80 years; volatility of 95.33%; no dividend yield; and a risk free interest rate of 0.08%. The discount is being amortized to amortization of debt discount over the term of the note. The unamortized discount and the fair value of the derivative liability at August 31, 2013 was $32,924 (February 28, 2013 - $nil) and $34,155 (February 28, 2013 - $nil) respectively.  The fair value of the derivative liability at August 31, 2013 was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 0.5 years; volatility of 127.81%; no dividend yield; and a risk free interest rate of 0.05%. The Company estimates the fair value of this derivative liability at each reporting period and records any change in the fair value of the derivative liability to the statement of operations.
	On August 9, 2013, the Company issued a 12% Promissory Note to Redwood Management, LLC for $125,000 principal amount (the “Redwood Note”).  The Company received net proceeds of $12,500 upon execution and was to receive thereafter the amount of $12,500 each 30 days from execution until the full $125,000 was funded. The Redwood Note is due and payable February 1, 2014 with interest charged on the unconverted and then outstanding principal amount at the rate of 12% regardless of how long this note remains outstanding, and the holder of the Redwood Note may convert the principal amount and interest to shares of the Company’s common stock at any time at a conversion price equal to a 50% discount to the lowest closing price determined on the current trading market for the company’s common stock during the twenty trading days immediately prior to conversion notice.  The Company may, where the Redwood Note is not in default, prepay any portion of the principal amount at 125% of such amount upon seven days written notice.  The Company has determined that the convertible feature of the Redwood-Circadian Note is a derivative liability with fair value of $35,783 at the dates of receipt. The fair value of the derivative liability was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 0.65 – 0.75 years; volatility of 102.64 – 117.42%; no dividend yield; and a risk free interest rate of 0.05 – 0.08%. The fair value of the derivative liability was recorded as a discount to the debt of $17,500 and $18,283 of interest and finance fees.  This discount is being amortized to amortization of debt discount over the term of the note. The unamortized discount and the fair value of the derivative liability at August 31, 2013 was $15,709 (February 28, 2013 - $nil) and $30,753 (February 28, 2013 - $nil) respectively.  The fair value of the derivative liability at August 31, 2013 was determined using the Black-Scholes option pricing model with the following assumptions: expected life of 0.65 years; volatility of 121.44%; no dividend yield; and a risk free interest rate of 0.05%. The Company estimates the fair value of this derivative liability at each reporting period and records any change in the fair value of the derivative liability to the statement of operations.

Other_Liabilities

Other Liabilities	6 Months Ended
	Aug. 31, 2013
Other Liabilities:
Schedule of Stockholders' Equity Note, Warrants or Rights	The Company accounts for warrants issued in conjunction with stock issuances under private placement using the fair value method. Under this method, the value of warrants issued is measured at fair value at the grant date using the Black-Scholes valuation model and recorded as share capital and additional paid-in capital.
	The Company recognized the value of detachable warrants issued in conjunction with issuance of notes payable using the Black-Scholes pricing model. The Company recorded the relative fair value of the warrant as an increase to additional paid-in capital and discount against the related debt. The discount attributed to the value of the warrants is then amortized over the term of the underlying debt instrument.

Equity

Equity	6 Months Ended
	Aug. 31, 2013
Equity:
Stockholders' Equity Note Disclosure
	(a)   Authorized capital
	The Company is authorized to issue:
	100,000,000 shares of Preferred stock, $0.00001 par value
	500,000,000 shares of Common stock, $0.00001 par value
	On November 29, 2012 a vote by stockholders holding shares of the Company’s voting stock approved the amendment of the Company’s articles of incorporation to increase the authorized number of shares of stock from 350,000,000 to 1,100,000,000.  Effective January 14, 2013, the Company reduced its issued and outstanding common stock on a 20:1 reverse split, reducing the authorized number of shares of common stock from 1,000,000,000 to 50,000,000. All per share amounts in these condensed consolidated financial statements and Notes thereto have been adjusted to reflect the 20:1 reverse split to the Company’s common stock.  On May 31, 2013, the stockholders of the Company approved an increase in the authorized common shares from 50,000,000 to 500,000,000.  This change in authorized capital was effective June 3, 2013.
	Series A Preferred Stock:
	The Series A Preferred Stock consists of Three Million (3,000,000) shares of $.00001 par value. The Series A Preferred rank senior to the common stock and all other shares of preferred stock that may be later authorized. Each outstanding share of Series A Preferred Stock has two hundred fifty (250) votes on all matters submitted to the stockholders of the Company and votes with the common stock on all matters. The shares of Series A Preferred: (i) do not have any liquidation preference; (ii) do not accrue, earn, or participate in any dividends; and (iii) are subject to redemption by the Corporation at a price of two cents ($.02) per share.
	In addition to any other rights provided by law, the Company may not, without first obtaining the affirmative vote or written consent of the holders of sixty percent (60%) of the outstanding shares of Series A Preferred, do any of the following:
	o    take any action which would either alter, change or affect the rights, preferences, privileges or restrictions of the Series A Preferred or increase the number of shares of such series authorized hereby or designate any other series of Preferred Stock;
	o    increase the size of any equity incentive plan(s) or arrangements;
	o    make fundamental changes to the business of the Company;
	o    make any changes to the terms of the Series A Preferred or to the Company’s Articles of Incorporation or Bylaws, including by designation of any stock;
	o    create any new class of shares having preferences over or being on a parity with the Series A Preferred as to dividends or assets, unless the purpose of creation of such class is, and the proceeds to be derived from the sale and issuance thereof are to be used for, the retirement of all Series A Preferred then outstanding;
	o    make any change in the number of authorized directors, currently five (5); or
	o    repurchase any of the Company's common stock;
	Any shares of Series A Preferred acquired by the Company by reason of redemption shall be returned to the status of undesignated and unissued shares of preferred stock of the Company.  At August 31, 2013, there were 1,000,000 shares of Series A Preferred Stock issued and outstanding, carrying 250,000,000 total votes, representing control of the Company.
	Series B Non-Voting 6% Convertible Preferred Stock:
	The Series B Non-Voting Convertible Preferred Stock consists of Seven Million (7,000,000) authorized shares of $0.00001 par value and a stated value of $100 per share. There were 1,850 shares of Series B Preferred Stock issued and outstanding at August 31, 2013.
	Conversion rights: Each share of Series B Non-Voting 6% Convertible Preferred Stock is convertible at any time at the election of the holder into that number of shares of the Company's common stock determined by dividing the stated value of such shares of preferred stock into the conversion price. The conversion price is defined as twenty percent (20%) of the lowest closing bid price of the Company's common stock during five (5) trading days immediately preceding a conversion date. At August 31, 2013, the conversion of the Series B Preferred Stock would have resulted in the issuance of approximately 144,531,250 common shares.
	Dividend rights: The holders of the Series B Preferred are  entitled to receive cumulative dividends at a rate per share of 6% per annum, or an annual aggregate total of $11,100, payable in arrears on June 30 and December 31, and on each conversion date, either in cash or at the Company's irrevocable option, in shares of the Company's common stock. The number of shares of Common Stock so issuable is defined as 50% of the previous ten (10) day variable weighted average price of the Company's common stock, with certain limitations.  Dividends on the Series B Non-Voting 6% Convertible Preferred Stock accrue daily commencing on the original issuance date and are deemed to accrue from such date whether or not earned or declared and whether or not there are profits, surplus or other funds of the Company legally available for the payment of dividends.
	Liquidation rights: Upon any liquidation, dissolution or winding up of the Company, the holders shall be entitled to receive out of the assets, an amount equal to the Stated Value, plus any accrued and unpaid dividends, before payment is made to the holders of junior securities such as common stock or all other common stock equivalents of the Company other than those securities which are explicitly senior or pari passu to Series B Non-Voting 6% Convertible Preferred Stock.
	(b)     Share issuances, returns and cancellations during the six month periods ended August 31, 2013 and 2012:
	On April 5, 2013, the Company received and approved a subscription from Gordon Lee, the Company’s Chief Executive Officer, for 5,000,000 units at $0.01 per unit for gross proceeds of $50,000 in a private placement. Each unit consisted of one common share and one transferable share purchase warrant that entitles the holder to purchase one additional common share at $0.02 per share for a period of five years. The fair value of the common shares was determined to be $295,000 and the fair value of the warrants was determined to be $268,021 at the subscription date. The fair value of each warrant issued was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 5.0 years; volatility of 123.25%; no dividend yield; and a risk free interest rate of 0.68%. The net proceeds of the financing of $50,000 was allocated on a relative fair value basis as $26,198 to common shares and $23,802 to warrants.  The difference between the issue price of the common shares of $26,198 and the fair value of the common shares as so determined of $295,000, and the issue price of the warrant of $23,802 and the market value of the warrant, of $268,021, has not been recorded in the books of the Company.  On October 21, 2013, the warrant portion of the transaction was rescinded.  See, Note 9. Subsequent Events.
	On May 21, 2013, the Company received and approved a subscription from Gordon Lee, the Company’s Chief Executive Officer, for 15,000,000 units at $0.0033 per unit for gross proceeds of $50,000 by way of private placement. Each unit consisted of one common share and one transferable share purchase warrant that entitles the holder to purchase one additional common share at $0.01 per share for a period of five years. The fair value of the common shares was determined to be $85,500 and the fair value of the warrants was determined to be $67,608 at the subscription date. The fair value of each warrant issued was calculated using the Black-Scholes option pricing model with the following assumptions: expected life of 5.0 years; volatility of 124.74%; no dividend yield; and a risk free interest rate of 0.84%. The net proceeds of the financing of $50,000 was allocated on a relative fair value basis as $27,921 to common shares and $22,079 to warrants. The difference between the issue price of the common shares of $27,921  and the fair value of the common shares as so determined of $85,500, and the issue price of the warrant of $22,079 and the market value of the warrant, of $67,608, has not been recorded in the books of the Company. On October 21, 2013, the warrant portion of the transaction was rescinded.  See, Note 9. Subsequent Events.
	During the six month period ended August 31, 2013, the Company issued 22,910,392 shares of its common stock for the exercise of conversions under the Company’s convertible securities in the amount of $178,076; 497,500 shares of its common stock for penalties of $53,484 related to non-payment of notes with a principal amount of $270,000; and 4,000,000 shares of its common stock for $46,000 of services.
	On June 3, 2013, the Company redeemed 2,000,000 shares of its Series A Preferred Stock at $0.02 per share.
	During the six month period ended August 31, 2012, the Company:
	Issued 1,041,262 shares of its common stock for the exercise of conversions under the Company’s convertible securities in the amount of $499,089 and 200,000 of its common stock as settlement for $554,826 of accrued fees on the Company’s September 14 and 19, 2012 promissory notes.
	(c)   Treasury stock
	Pursuant to an agreement dated August 24, 2012 with a former director of the Company, the Company acquired 170,000 shares of its common stock at an aggregate purchase price of $129,200.  Pursuant to an agreement dated February 8, 2013 with the former shareholders of Fairfields, the Company acquired an additional 512,501 shares of its common stock at an aggregate fair value of $66,625.  The 682,501 shares of the Company’s common stock acquired during the year ended February 28, 2013 have been recorded as treasury stock using the cost method.
	(d)     Stock options
	The Company has an incentive share option plan (the "Plan") that it adopted February 7, 2011, that allows it to grant incentive stock options to its officers, directors, employees and other persons associated with the Company. The Plan is intended to advance the best interests of the Company by providing those persons who have a substantial responsibility for its management and growth with additional incentive and by increasing their proprietary interest in the success of the Company, thereby encouraging them to maintain their relationships with the Company. Further, the availability and offering of stock options and common stock under the Plan supports and increases the Company's ability to attract and retain individuals of exceptional talent upon whom, in large measure, the sustained progress, growth and profitability of the Company depends. The board of directors reserved 500,000 shares of common stock for issuance under the Plan. As of the fiscal year end, February 28, 2011, the board of directors had granted options to purchase 320,000 shares of common stock at $10 per share to 7 persons. Through the six month periods ended August 31, 2013 and 2012 no further grants of options have been made under this plan.
	Expiry date	Exercise price per share	Balance	Granted	Forfeited	Expired/Cancelled	Balance8/31/2013
			2/28/13
	24-Feb-16	$10.00	320,000	-	-	-	320,000
			320,000	-	-	-	320,000
	All 320,000 stock options granted and were exercisable at August 31, 2013 and 2012.
	(e)     2012 Stock & Stock Option Compensation Plan
	On October 15, 2012 the Company adopted an incentive share option plan referred to as the 2012 Stock  & Stock Option Compensation Plan (the "2012 Plan"), for employees, directors and other persons associated with the Company, and is intended to advance the best interests of the Company by providing those persons who have a substantial responsibility for its management and growth with additional incentive and by increasing their proprietary interest in the success of the Company, thereby encouraging them to maintain their relationships with the Company.  The board of directors or a committee of the board of directors are responsible for administration of the 2012 Plan and have full power to grant stock options and common stock, construe and interpret the 2012 Plan, establish rules and regulations and perform all other acts, including the delegation of administrative responsibilities, it believes reasonable and proper. The Committee may cancel any stock options awarded under the 2012 Plan if an optionee conducts himself in a manner which the Committee determines to be inimical to the best interest of the Company.
	The board of directors reserved 2,500,000 shares of common stock for issuance under the 2012 Plan. Through February 28, 2013, the board of directors had granted 500,000 shares of common stock to one consultant under the 2012 Plan.  During the six month period ended August 31, 2013, no grants were made under the 2012 Plan.
	(f)      Share purchase warrants
	The continuity of share purchase warrants is as follows:
	Expiry date	Exercise price per share			Balance February 28, 2013	Issued	Exercised	Expired	BalanceAugust 31,2013
	Class A
	19-Dec-13	$3.00			6,667	-	-	-	6,667
	12-Jun-14	$8.00			5,000	-	-	-	5,000
	14-Oct-16	$10.00			7,500	-	-	-	7,500
	Class B
	15-Dec-13	$5.00			33,333	-	-	-	33,333
	4-Apr-18	$0.02			-	5,000,000			5,000,000
	20-May-18	$0.01			-	15,000,000	-	-	15,000,000
	2-Jun-18	$0.10			-	5,000,000	-	-	5,000,000
	2-Jun-18	$0.20			-	5,000,000	-	-	5,000,000
	Promissory Note Warrants
	25-Oct-14	$3.00			33,333	-	-	-	33,333
	22-Mar-15	$4.00			125,000	-	-	-	125,000
	23-Jul-15	$1.40			71,429	-	-	-	71,429
	Total Warrants Outstanding				282,262	30,000,000	-	-	30,282,262
	Weighted average exercise price				$            3.55	$                0.0617	$           -	$           -	$               0.09
	Average remaining contractual term (years)								2.06
	The Company has issued the following classes of warrants as set out below:
	Class A warrant           Are non-transferrable, exercisable for cash and have no acceleration of the expiry date.
	Class B warrant         Are transferrable, each warrant entitles the holder to purchase one additional common share at the exercise price per share set out in the table above, subject to acceleration provisions and with a cashless exercise provision based upon the 20 day volume weighted average price per share at closing day (VWAP) the day prior to exercise. Holders of warrants electing cashless exercise will receive that number of shares equal to the 20 day VWAP minus the exercise price divided by the 20 day VWAP minus the exercise price divided by the 20 day VWAP multiplied by the number of warrants exercised.  The April 4, 2018, May 20, 2018 and June 2, 2018 warrants are not subject to acceleration and their cashless exercise provision uses a 5 day VWAP in its calculation.
Note  Warrants
October 24, 2014 &
July 23, 2015              Are transferrable and entitle the holder to purchase one additional common share for a period of three years.  In lieu of the cash payment the holder has the right to convert this warrant in whole or in part without payment of any kind into that number of shares of common stock of the Company equal to the quotient obtained by dividing the aggregate of the closing price of the Company’s common stock on the day immediately preceding the conversion less the aggregate purchase price of the shares being exercised divided by the closing price of the Company’s common stock on the day immediately preceding the conversion.
March 22, 2015         Transferable with the approval of the Company.  At any time after September 22, 2012, in lieu of the cash payment the holder has the right to convert this warrant in whole or in part without payment of any kind into that number of shares of common stock of the Company equal to the quotient obtained by dividing the aggregate of the VWAP price of the Company’s common stock on the day immediately preceding the conversion less the aggregate purchase price of the shares being exercised divided by the VWAP of the Company’s common stock on the day immediately preceding the conversion.  The March 22, 2015 warrants provide the warrant holder with down round protection where the Company issues any shares, or grants any warrant or convertible security, or re-prices a security, at less than the effective exercise price of the March 22, 2015 warrant at that time, then the effective exercise price shall be lowered to such lesser amount. As at August 31, 2013, the Company has estimated the re-priced warrant from 125,000 common shares at $4.00 per share to 151,515,152 common shares at $0.0033 per share.
During the six month period ended August 31, 2013, the Company approved unit subscriptions for an aggregate of 20,000,000 (2012 – nil) Class B warrants as part of a private placement of units and, as a part of a professional services engagement with Weed & Co., the Company granted a five year common stock warrant to acquire 5,000,000 shares of our common stock at $0.10 per share and 5,000,000 shares of our common stock at $0.20 per share.
Schedule of Stock by Class	Expiry date	Exercise price per share			Balance February 28, 2013	Issued	Exercised	Expired	BalanceAugust 31,2013
	Class A
	19-Dec-13	$3.00			6,667	-	-	-	6,667
	12-Jun-14	$8.00			5,000	-	-	-	5,000
	14-Oct-16	$10.00			7,500	-	-	-	7,500
	Class B
	15-Dec-13	$5.00			33,333	-	-	-	33,333
	4-Apr-18	$0.02			-	5,000,000			5,000,000
	20-May-18	$0.01			-	15,000,000	-	-	15,000,000
	2-Jun-18	$0.10			-	5,000,000	-	-	5,000,000
	2-Jun-18	$0.20			-	5,000,000	-	-	5,000,000
	Promissory Note Warrants
	25-Oct-14	$3.00			33,333	-	-	-	33,333
	22-Mar-15	$4.00			125,000	-	-	-	125,000
	23-Jul-15	$1.40			71,429	-	-	-	71,429
	Total Warrants Outstanding				282,262	30,000,000	-	-	30,282,262
	Weighted average exercise price				$            3.55	$                0.0617	$           -	$           -	$               0.09
	Average remaining contractual term (years)								2.06

Discontinued_Operations_and_Di

Discontinued Operations and Disposal Groups	6 Months Ended
	Aug. 31, 2013
Discontinued Operations and Disposal Groups:
Disposal Groups, Including Discontinued Operations, Disclosure	On October 5, 2012 the Company entered an agreement with European Resource Capital Inc. for the sale of the Company’s 24,420,000 shares of common stock of Celtic (92.16% interest), 64,987,982 Metallum options providing the acquirer with the option to acquire an additional 64,987,982 common shares of Metallum for £0.10 per share through December 31, 2012 and amounts receivable from Celtic of approximately $217,031 in exchange for $2,500,000 (Canadian) ($2,553,887 at exchange rates at the date of this transaction).  European Resource Capital Inc. issued the Company an eight percent (8%) 5 year $2,500,000 (Canadian) promissory note payable that is secured by the 24,420,000 shares of Celtic common stock.
	On February 8, 2013, the Company’s wholly owned subsidiary Focus Gold Mexico Limited entered into a share purchase agreement with three individuals,  Santiago Leon Avaleyra, Eduardo Zayas Dueñas and Carmen Leticia Calderon Leon, as purchasers, to sell its 50 shares of common stock in Fairfields Gold, S.A. de C.V. for $1,900,000 or purchasers can return the original consideration from the December 31, 2010 transaction (512,500 shares of the Company’s common stock) on the closing date of February 20, 2013.  On closing, the Company received as consideration 512,501 shares of its common stock with an aggregate fair value as at February 8, 2013 of $66,625.  The 512,501 shares of common stock received has been recorded as treasury stock on the condensed consolidated balance sheet pending cancellation.
	A summarized statement of operations for the discontinued operations for the three month periods ended August 31, 2013 and 2012 is as follows:
		August 31,		August 31,
		2013		2012
	Revenues	$	-	$                          -
	Exploration expense		-		20,752
	General and administrative		-		484,470
	Total operating expenses		-		505,222
	Mineral property impairment		-		2,841,880
	Amortization of debt discount		-		158,717
	Interest and finance cost		-		14,918
	Non-controlling interest in operations		-		(218,098	)
	Loss from discontinued operations	$	-	$	(3,302,639	)
	A summarized statement of operations for the discontinued operations for the six month periods ended August 31, 2013 and 2012 is as follows:
		August 31,			August 31,
		2013			2012
	Revenues	$	-		$                       -
	Exploration expense		-			98,117
	General and administrative		-			966,758
	Total operating expenses		-			1,064,875
	Mineral property impairment		-			2,841,880
	Amortization of debt discount		-			330,785
	Interest and finance cost		-			14,918
	Non-controlling interest in operations		-			-219,119
	Loss from discontinued operations	$	-		$	(4,033,339)
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures	A summarized statement of operations for the discontinued operations for the three month periods ended August 31, 2013 and 2012 is as follows:
		August 31,		August 31,
		2013		2012
	Revenues	$	-	$                          -
	Exploration expense		-		20,752
	General and administrative		-		484,470
	Total operating expenses		-		505,222
	Mineral property impairment		-		2,841,880
	Amortization of debt discount		-		158,717
	Interest and finance cost		-		14,918
	Non-controlling interest in operations		-		(218,098	)
	Loss from discontinued operations	$	-	$	(3,302,639	)
	A summarized statement of operations for the discontinued operations for the six month periods ended August 31, 2013 and 2012 is as follows:
		August 31,			August 31,
		2013			2012
	Revenues	$	-		$                       -
	Exploration expense		-			98,117
	General and administrative		-			966,758
	Total operating expenses		-			1,064,875
	Mineral property impairment		-			2,841,880
	Amortization of debt discount		-			330,785
	Interest and finance cost		-			14,918
	Non-controlling interest in operations		-			-219,119
	Loss from discontinued operations	$	-		$	(4,033,339)

Related_Party_Disclosures

Related Party Disclosures	6 Months Ended
	Aug. 31, 2013
Related Party Disclosures:
Related Party Transactions Disclosure	a)       Effective June 1, 2013 we agreed to pay our current CEO, as a consultant, the amount of $10,000 per month.  During the six month period ended August 31, 2013, we paid $30,000 (2012 - $nil) as compensation for such management services. That agreement has been rescinded retroactively as of October 21, 2013. See, Note 9. Subsequent Events.
	b)       A law firm of which a former director is a partner was payable fees for six month period ended August 31, 2013 during the period he served as a director  of $45,000 (2012 - $nil).
	c)       Included in accounts payable and accrued liabilities – related at August 31, 2013 is $70,000 (February 28, 2013 - $28,093) payable to the firms and persons referred to in this Note 8 and persons or firms related with these persons and firms.
	d)       During the six month period ended August 31, 2013, we received and approved subscriptions from Gordon F. Lee, the sole director and executive officer of the Company, for 20,000,000 units at an aggregate cost of $100,000 (see Note 6(b)). That agreement has been rescinded retroactively with regard to the warrants included in the units as of October 21, 2013. See, Note 9. Subsequent Events.
	e)       On June 1, 2013, we entered into a consulting agreement with Victoria J. Blackburn, a related party, to provide “Consulting, Research, Review and Assessment of Technical Reports of Mining Properties, and of the Mining Property, along with comparables of said properties.”, for a three month period, renewing thereafter for additional three month terms.  Compensation for the services is set at $20,000 per month in stock or in cash for a period of three months. A total of 16,000,000 shares have been issued to Victoria Blackburn as compensation for the first three months.  Victoria J. Blackburn is Secretary of CH and is also the executive assistant of our CEO, Gordon F. Lee. That agreement has been rescinded retroactively as of September 30, 2013. See, Note 9. Subsequent Events.
	f)        On June 14, 2013, we entered into an Employment Agreement with our Chief Executive Officer, Gordon F. Lee.  Under this agreement, Mr. Lee will earn a salary of $1 per year, and, as an incentive bonus, has the opportunity to earn up to 100,000,000 shares of the our common stock and 100,000,000 common stock purchase options at an exercise price of $0.01 per share, expiring June 1, 2018 (“Incentive Options”).  Mr. Lee will receive 20,000,000 shares of our common stock and 20,000,000 Incentive Options upon closing the acquisition of each of 4 identified properties and an additional 5,000,000 shares of the our common stock and 5,000,000 Incentive Options upon completion of each technical report for the 4 property acquisitions.  As of August 31, 2013, none of the acquisitions had been completed. That agreement has been rescinded retroactively as of October 21, 2013. See, Note 9. Subsequent Events.
	g)       On June 15, 2013, we entered into a Service Agreement with Carbon Energy Handling, Inc., a related party, to provide management, personnel, administrative, supervisory, accounting and billing services relating to all of the non-legal aspects of the our operations relating to our future energy projects for a fee of $10,000 per month. That agreement has been rescinded retroactively as of October 21, 2013. See, Note 9. Subsequent Events.
	h)       On June 15, 2013, we also entered into a Service Agreement with the Gordon F. Lee Group, LLC, a related party, to provide management, personnel, administrative, supervisory, accounting and billing services relating to all of the non-legal aspects of our operations relating to metals for a fixed monthly fee of $10,000.  That agreement has been rescinded retroactively as of October 21, 2013. See, Note 9. Subsequent Events.

Subsequent_Events

Subsequent Events	6 Months Ended
	Aug. 31, 2013
Subsequent Events:
Subsequent Events
	a)       We issued 22,696,308 shares of our common stock upon exercise of convertible provisions of notes payable in settlement of $47,775 of the principal amount of such notes payable.
	b)       On September 20, 2013, the Company issued 16,000,000 shares of its common stock in settlement of $60,000 of the principal amount due under the Consulting Agreement with Victoria Blackburn.
	c)       On September 26, 2013, the board of directors approved the designation of the our Series C Convertible Preferred Stock consisting of 10,000,000 shares par value $0.00001.  The Company’s Series C Convertible Preferred Stock has the same rights and warranties as common shares except that each shareholder of Series C Convertible Preferred Stock shall be able to convert each Series C Convertible Preferred Stock into 100 shares of common stock.   On October 4, 2013, a total of 1 million shares of the Series C Convertible Shares were then issued to our CEO, Gordon F. Lee, for $10,000, which Series C Preferred Shares were then immediately converted on October 4, 2013 into 100,000,000 common shares.  At the time of the issuance of the Series C Preferred Stock to Mr. Lee for $10,000 and their immediate conversion into common stock, the value of the equivalent common at the stock closing market price on October 4, 2013, was  approximately $280,000.
	d)       On September 20, 2013, the Company issued 4,000,000 shares of its common stock in settlement of $10,000 of the principal amount due for services rendered to Victoria Blackburn under the Consulting Agreement with her.  The market value of the common stock at the closing market price on September 20, 2013 was $21,200.
	e)       On October 21, 2013, we entered into a Mutual Release and Settlement Agreement with our CEO, Gordon F. Lee, pursuant to which Mr. Lee agreed to resign all positions with the Company after appointing Mr. Michael Gelmon as a second director of the Company (effective on the filing of this Report, to terminate and rescind all employment agreements, consulting agreements, options and warrants held by Mr. Lee or entered into between Mr. Lee and the Company, to cancel and rescind the issuance of all stock issued to Mr. Lee by the Company after May 31, 2013, as well as to cancel and to rescind as of September 30, 2013, the consulting agreement between the Company and Victoria Blackburn.  The rescission actions also include the consulting agreements entered into between the Company and Mr. Lee’s companies, Carbon Energy Handling, Inc. and Gordon F. Lee Group, LLC. In exchange for the resignations and termination of the several agreements and the cancellation of all shares issued to Mr. Lee after May 31, 2013, the Company agreed to issue to Mr. Lee 100,000,000 shares of common stock with an agreed value of $200,000, the closing market price of the stock.  The amounts previously contributed by Mr. Lee for the purchase of units consisting of common stock and warrants, net of amounts paid in cash to Mr. Lee as compensation for employment and consulting services for himself and his related entities, will be allocated as part of the cost of the new shares to be issued, and the balance of the $200,000 will be treated as compensation to Mr. Lee for his services.

Extractive_Industries

Extractive Industries	6 Months Ended
	Aug. 31, 2013
Extractive Industries:
Mineral Industries Disclosures	On October 5, 2012 the Company entered into a sales agreement with European Resource Capital Inc. for the sale of the Company’s 24,420,000 shares of common stock of Celtic (92.16% interest), 64,987,982 Metallum options providing the acquirer with the option to acquire an additional 64,987,982 common shares of Metallum for £0.10 per share through December 31, 2012 and amounts receivable from Celtic of $217,031 in exchange for payment of $2,500,000 (Canadian) ($2,553,887 at exchange rates at the date of this transaction).  European Resource Capital Inc. issued the Company an eight percent (8%) 5 year $2,500,000 (Canadian) promissory note payable that is secured by the 24,420,000 shares of Celtic common stock.  The sales agreement acknowledges that JMJ Financial has an unperfected lien against 25% of the purchased shares. If the Company is unsuccessful in removing JMJ Financials’ unperfected lien, European Resource Capital may settle such lien and reduce the $2,500,000 (Canadian) promissory note by 35% of its present value.
	On March 21, 2013 the Company restructured its relationship with European Resource Capital Inc. (“ERC”) by entering an Assignment Agreement dated March 21, 2013 with ERC and Distressed Debt Investment Corp. Under the Assignment Agreement, the Company was paid $200,000 (Canadian Dollars, $193,602 at exchange rates at April 1, 2013 the date of receipt of proceeds) and received a one percent (1%) net smelter return royalty in the minerals extracted from the properties comprising the prospecting licenses in Ireland, Northern Ireland and Scotland currently registered in the name of Celtic or its subsidiaries.  The fair value of the 1% smelter return royalty of $1,892,000 was based on an independent third party valuation analysis using estimates and assumptions provided by management of Celtic, and other information compiled by management of Celtic. The fair value of the consideration received during the restructuring in March 2013 aggregating $193,602 has been reflected in the determination of fair value of the $2,500,000 (Canadian) promissory note and accrued interest at February 28, 2013 and the difference of $545,849 was recorded retroactively in the consolidated statement of operations for the year ended February 28, 2013 as an impairment of the note receivable.