Amazing Energy Oil & Gas (AMAZ) 10-K 10 Apr 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Jun. 30, 2013
Document and Entity Information	'	'
Entity Registrant Name	'Gold Crest Mines Inc	'
Document Type	'10-K	'
Document Period End Date	31-Dec-13	'
Amendment Flag	'false	'
Entity Central Index Key	'0001375618	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	91,805,828	'
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'FY	'
Entity Public Float	'	$1,925,736

GOLD_CREST_MINES_INC_AN_EXPLOR

GOLD CREST MINES, INC. (AN EXPLORATION STAGE COMPANY) Consolidated Balance Sheets (USD $)	Dec. 31, 2013		Dec. 31, 2012
CURRENT ASSETS	'		'
Cash and cash equivalents	$16,813		$1,552
Total Current Assets	16,813		1,552
Mineral properties	11,373		11,373
TOTAL ASSETS	28,186		12,925
CURRENT LIABILITIES	'		'
Accounts payable	19,051		26,713
Accrued liabilities	69,434		47,366
Loan from Afranex	80,213	[1]	25,213	[1]
Total Current Liabilities	168,698		99,292
Total Liabilities	168,698		99,292
Commitments and contingencies	0	[2]	0	[2]
STOCKHOLDERS' DEFICIT	'		'
Preferred stock; no par value; 10,000,000 shares authorized, none issued or outstanding	0		0
Common stock; $0.001 par value; 500,000,000 shares authorized; 91,805,828 and 89,205,828 shares issued and outstanding, respectively	91,806		89,206
Additional paid-in capital	9,475,703		9,426,503
Accumulated deficit during exploration stage	-9,708,021		-9,602,076
Total Stockholders' Deficit	-140,512		-86,367
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIT	$28,186		$12,925
[1]	Note 4
[2]	Notes 4 and 11

Statement_of_Financial_Positio

Statement of Financial Position - Parenthetical (USD $)	Dec. 31, 2013	Dec. 31, 2012
Statement of financial position	'	'
Preferred Stock, Par Value	$0	$0
Preferred Stock, Shares Authorized	10,000,000	10,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value	$0.00	$0.00
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares Issued	91,805,828	89,205,828
Common Stock, Shares Outstanding	91,805,828	89,205,828

Recovered_Sheet1

GOLD CREST MINES, INC. (An Exploration Stage Company) Consolidated Statements of Operations (USD $)	12 Months Ended				108 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2013
Income statement	'		'		'
REVENUES	$0		$0		$0
OPERATING EXPENSES:	'		'		'
Exploration expenditures	'		'		4,352,387
Settlement of drilling contract	'		'		161,813
Abandonment of mineral lease	'		'		83,600
Gain on sale of mineral lease	'		'		-16,875
Mineral lease option and extension income	-30,000		'		-60,000
Impairment of mineral properties and royalty interest	'		'		616,875
Impairment of investment in Golden Lynx LLC	'		'		43,202
Loss (gain) on disposal of equipment	'		'		16,738
Legal and accounting expenses	35,907		35,995		652,487
Directors' fees	'		'		846,000
General and administrative	100,038		60,833		3,235,594
TOTAL OPERATING EXPENSES	105,945		96,828		9,931,821
LOSS FROM OPERATIONS	-105,945		-96,828		-9,931,821
OTHER INCOME (EXPENSE):	'		'		'
Interest income	'		'		79,182
Gain realized from advances from Gold Crown	'	[1]	117,659	[1]	117,659	[1]
Interest expense	'		'		-22,560
Gain on settlement of accounts payable	'		'		49,519
TOTAL OTHER INCOME (EXPENSE)	'		117,659		223,800
INCOME (LOSS) BEFORE INCOME TAXES	-105,945		20,831		-9,708,021
INCOME TAXES	0		0		0
NET INCOME (LOSS)	($105,945)		$20,831		($9,708,021)
NET LOSS PER COMMON SHARE - BASIC AND DILUTED	$0		$0		'
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING BASIC AND DILUTED	90,309,390		89,205,828		'
[1]	Note 5

GOLD_CREST_MINES_INC_An_Explor1

GOLD CREST MINES, INC. (An Exploration Stage Company) Consolidated Statements of Changes in Stockholders' Equity (Deficit) (USD $)		Common Stock Shares	Common Stock Amount	Additional Paid-in Capital	Common Stock Subscribed	Accumulated Deficit During Exploration Stage	Total
Stockholders' Equity at Dec. 31, 2005		'	'	'	'	'	'
Issuance of Common Stock for cash, pre-merger at 0.004 per share		'	$37,500	$112,500	'	'	$150,000
Issuance of Common Stock for cash, pre-merger at 0.004 per share, stock		37,500,000	'	'	'	'	'
Issuance of Common Stock in connection with reverse merger	[1]	'	14,600	-7,144	'	'	7,456
Issuance of Common Stock in connection with reverse merger, stock		14,600,100	'	'	'	'	'
Issuance of Common Stock for cash, post-merger at 0.30 per share		'	10,797	2,887,910	'	'	2,898,707
Issuance of Common Stock for cash, post-merger at 0.30 per share, stock		10,797,062	'	'	'	'	'
Issuance of Common Stock for interest at 0.30 per share		'	42	12,458	'	'	12,500
Issuance of Common Stock for interest at 0.30 per share, stock		41,667	'	'	'	'	'
Issuance of Common Stock for share-based compensation at 0.59 and 0.63 per share		'	1,800	1,064,200	'	'	1,066,000
Issuance of Common Stock for share-based compensation at 0.59 and 0.63 per share, stock		1,800,000	'	'	'	'	'
Stock options granted at 0.30 per share		'	'	72,000	'	'	72,000
Net income (loss)		'	'	'	'	-1,845,103	-1,845,103
Stockholders' Equity at Dec. 31, 2006		'	64,739	4,141,924	'	-1,845,103	2,361,560
Shares Issued at Dec. 31, 2006		64,738,829	'	'	'	'	'
Issuance of Common Stock for common stock subscribed		'	'	'	-132,500	'	-132,500
Issuance of Common Stock for brokerage fees		'	'	-77,335	'	'	-77,335
Issuance of Common Stock for cash at 0.20 per share with warrants attached		'	4,035	802,965	'	'	807,000
Issuance of Common Stock for cash at 0.20 per share with warrants attached, stock		4,035,000	'	'	'	'	'
Issuance of Common Stock for common stock issuable at 0.20 per share with warrants attached		'	663	131,837	'	'	132,500
Issuance of Common Stock for common stock issuable at 0.20 per share with warrants attached, stock		662,500	'	'	'	'	'
Stock options granted at 0.28 and 0.53 per share		'	'	1,032,772	'	'	1,032,772
Issuance of Common Stock for cash at 0.30 per share		7,529,999	7,530	2,251,470	'	'	2,259,000
Issuance of Common Stock for directors fees between 0.53 and 0.54 per share		400,000	400	213,600	'	'	214,000
Issuance of Common Stock for share-based compensation at 0.28 per share		50,000	50	13,950	'	'	14,000
Net income (loss)		'	'	'	'	-5,602,077	-5,602,077
Stockholders' Equity at Dec. 31, 2007		'	77,417	8,511,183	-132,500	-7,447,180	1,008,920
Shares Issued at Dec. 31, 2007		77,416,328	'	'	'	'	'
Stock options for share-based compensation at 0.28 per share		'	'	121,089	'	'	121,089
Stock warrants Exercised at 0.30 per share		'	300	89,700	'	'	90,000
Stock warrants Exercised at 0.30 per share, stock		300,000	'	'	'	'	'
Issuance of Common Stock for directors fees at 0.10 per share		'	400	39,600	'	'	40,000
Issuance of Common Stock for directors fees at 0.10 per share, stock		400,000	'	'	'	'	'
Issuance of Common Stock for services at 0.10 per share		'	100	9,900	'	'	10,000
Issuance of Common Stock for services at 0.10 per share, stock		100,000	'	'	'	'	'
Issuance of Common Stock for cash ranging from 0.05 to 0.15 per share		'	5,666	594,334	'	'	600,000
Issuance of Common Stock for cash ranging from 0.05 to 0.15 per share, stock		5,666,667	'	'	'	'	'
Issuance of Common Stock for common stock subscribed		'	'	'	111,300	'	111,300
Issuance of Common Stock Forgiveness of remaining common stock subscribed		'	-106	-21,094	21,200	'	'
Issuance of Common Stock Forgiveness of remaining common stock subscribed, stock		-106,000	'	'	'	'	'
Net income (loss)		'	'	'	'	-1,898,724	-1,898,724
Stockholders' Equity at Dec. 31, 2008		'	83,777	9,344,712	'	-9,345,904	82,585
Shares Issued at Dec. 31, 2008		83,776,995	'	'	'	'	'
Stock options for share-based compensation at 0.28 per share		'	'	13,355	'	'	13,355
Issuance of Common Stock for cash at 0.01 per share		'	1,000	9,000	'	'	10,000
Issuance of Common Stock for cash at 0.01 per share, stock		1,000,000	'	'	'	'	'
Issuance of Common Stock for cash at 0.03 per share		'	929	26,936	'	'	27,865
Issuance of Common Stock for cash at 0.03 per share, stock		928,833	'	'	'	'	'
Net income (loss)		'	'	'	'	-171,515	-171,515
Stockholders' Equity at Dec. 31, 2009		'	85,706	9,394,003	'	-9,517,419	-37,710
Shares Issued at Dec. 31, 2009		85,705,828	'	'	'	'	'
Issuance of Common Stock for cash at 0.01 per share		'	2,500	22,500	'	'	25,000
Issuance of Common Stock for cash at 0.01 per share, stock		2,500,000	'	'	'	'	'
Net income (loss)		'	'	'	'	-34,450	-34,450
Stockholders' Equity at Dec. 31, 2010		'	88,206	9,416,503	'	-9,551,869	-47,160
Shares Issued at Dec. 31, 2010		88,205,828	'	'	'	'	'
Issuance of Common Stock for directors fees at 0.02 per share		'	100	1,900	'	'	2,000
Issuance of Common Stock for directors fees at 0.02 per share, stock		100,000	'	'	'	'	'
Issuance of Common Stock for cash at 0.01 per share		'	900	8,100	'	'	9,000
Issuance of Common Stock for cash at 0.01 per share, stock		900,000	'	'	'	'	'
Net income (loss)		'	'	'	'	-71,038	-71,038
Stockholders' Equity at Dec. 31, 2011		'	89,206	9,426,503	'	-9,622,907	-107,198
Shares Issued at Dec. 31, 2011		89,205,828	'	'	'	'	'
Net income (loss)		'	'	'	'	20,831	20,831
Stockholders' Equity at Dec. 31, 2012		'	89,206	9,426,503	'	-9,602,076	-86,367
Shares Issued at Dec. 31, 2012		89,205,828	'	'	'	'	'
Stock issued for share-based compensation at $0.018 per share		'	100	1,700	'	'	1,800
Stock issued for share-based compensation at $0.018 per share, stock		100,000	'	'	'	'	'
Issuance of Common Stock for cash at $0.02 per share		'	2,500	47,500	'	'	50,000
Issuance of Common Stock for cash at $0.02 per share, stock		2,500,000	'	'	'	'	'
Net income (loss)		'	'	'	'	-105,945	-105,945
Stockholders' Equity at Dec. 31, 2013		'	$91,806	$9,475,703	'	($9,708,021)	($140,512)
Shares Issued at Dec. 31, 2013		91,805,828	'	'	'	'	'
[1]	Note 1

GOLD_CREST_MINES_INC_An_Explor2

GOLD CREST MINES, INC. (An Exploration Stage Company) Consolidated Statements of Cash Flows (USD $)	12 Months Ended				108 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'		'		'
Net income (loss)	($105,945)		$20,831		($9,708,021)
Adjustments to reconcile net income (loss) to net cash used by operating activities:	'		'		'
Depreciation	'		159		53,193
Common stock and options issued for services	'		'		1,368,976
Equity compensation for management and directors	1,800		'		1,218,041
Interest paid with common shares	'		'		12,500
Settlement of drilling contract	'		'		161,813
Gain recognized on equipment exchanged in settlement of accounts payable	'		'		-3,421
Loss on disposal of equipment	'		'		16,738
Abandonment of mineral lease	'		'		83,600
Impairment of mineral properties and royalty interest	'		'		616,875
Gain realized from advances from Gold Crown	'	[1]	-117,659	[1]	-117,659	[1]
Impairment of investment in Golden Lynx LLC	'		'		43,202
Gain on sale of mineral properties	'		'		-16,875
Gain on settlement of accounts payable	'		'		-49,519
Changes in operating assets and liabilities:	'		'		'
Interest receivable	'		'		-6,266
Prepaid expenses and deposits	'		'		57,999
Miscellaneous receivable	'		'		3,000
Accounts payable and accrued liabilities	14,406		48,841		167,833
Advances from Gold Crown	'	[1]	'	[1]	117,659	[1]
Net cash provided (used) by operating activities	-89,739		-47,828		-5,980,332
CASH FLOWS FROM INVESTING ACTIVITIES:	'		'		'
Cash received in reverse merger	'		'		7,456
Note receivable issued	'		'		-200,000
Purchase of royalty interest in mineral property	'		'		-400,000
Purchase of mineral properties	'		'		-388,175
Proceeds from the sale of equipment	'		'		22,979
Proceeds from the sale of mineral properties	'		'		50,000
Purchase of equipment	'		'		-134,971
Net cash used by investing activities	'		'		-1,042,711
CASH FLOWS FROM FINANCING ACTIVITIES:	'		'		'
Borrowings under line of credit	'		'		250,000
Payments on line of credit	'		'		-250,000
Proceeds from the issuance of stock on the exercise of warrants	'		'		201,300
Sale of common stock, net of issuance costs	50,000		'		6,758,343
Loan from Afranex	55,000	[2]	25,213	[2]	80,213	[2]
Net cash provided by financing activities	105,000		25,213		7,039,856
Net change in cash and cash equivalents	15,261		-22,615		16,813
Cash and cash equivalents, beginning of period	1,552		24,167		'
Cash and cash equivalents, end of period	16,813		1,552		16,813
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:	'		'		'
Interest paid	'		'		2,273
Taxes paid	0		0		0
NON-CASH INVESTING AND FINANCING ACTIVITIES	'		'		'
Land contributed in exchange for investment in Golden Lynx LLC	'		'		54,575
Land held in Golden Lynx LLC returned as mineral properties	'		'		11,373
Note receivable forgiven in connection with settlement agreement	'		'		120,000
Equipment relinquished in connection with settlement agreement	'		'		12,654
Equipment exchanged for settlement of accounts payable	'		'		$29,828
[1]	Note 5
[2]	Note 4

Note_1_Organization_and_Descri

Note 1. Organization and Description of Business	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 1. Organization and Description of Business	'
	NOTE 1.  Organization and Description of Business
	Gold Crest Mines, Inc. and its subsidiaries (“Gold Crest” and “the Company”) is a Nevada corporation originally incorporated on August 20, 1968, as Silver Crest Mines, Inc., an Idaho corporation.
	On August 1, 2006, Gold Crest acquired 100% of the issued and outstanding shares of Niagara Mining and Development Co., (“Niagara”), an Idaho corporation formed on January 11, 2005, and its wholly-owned subsidiary, Kisa Gold Mining, Inc. (“Kisa”), an Alaskan corporation formed on July 28, 2006. Gold Crest’s sole asset on the merger date was cash of $7,456, which was accounted for as being acquired by Niagara in exchange for 14,600,100 common shares of Niagara. Niagara’s sole asset on the merger date was cash of $150,000 and its wholly owned subsidiary Kisa. Neither company had liabilities on the date of the merger. This transaction has been treated as a reverse merger, effectively as if Niagara had issued shares for consideration equal to the net monetary assets of Gold Crest. Under reverse acquisition accounting, the consolidated financial statements of the entity are considered a continuation of the financial statements of Niagara, the accounting acquirer. On June 20, 2008, 100% of the issued and outstanding shares of Kisa were transferred from Niagara to the Company.
	The Company is in the business of exploration, development, and if warranted the mining of properties containing valuable mineral deposits. The focus of the Company’s exploration programs is directed at precious metals, primarily gold.

Note_2_Summary_of_Significant_

Note 2. Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 2. Summary of Significant Accounting Policies	'
	NOTE 2.  Summary of Significant Accounting Policies
	This summary of significant accounting policies is presented to assist in understanding the financial statements. The financial statements and notes are representations of the Company’s management, which is responsible for their integrity and objectivity. These accounting policies conform to accounting principles generally accepted in the United States of America and have been consistently applied in the preparation of the financial statements.
	Consolidation of Subsidiaries
	The consolidated financial statements include the Company’s accounts and the accounts of wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
	Cash and Cash Equivalents
	Highly liquid short-term investments with a remaining maturity when purchased of three months or less are classified as cash equivalents. The Company deposits its cash and cash equivalents in high quality financial institutions.
	Use of Estimates
	In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the amounts reported in those statements and accompanying notes. Examples of areas requiring the use of estimates include the recoverability of mineral property and investments accounted for on the cost basis, assumptions used in determining the fair value of stock-based compensation and the expected economic lives and rates for depreciation. Actual results could differ from those estimates.
	Exploration Stage Enterprise
	The Company's financial statements are prepared pursuant to the accounting principles for development stage enterprises as it devotes substantially all of its efforts to acquiring and exploring mining interests that will eventually provide sufficient net profits to sustain the Company’s existence. Until such interests are engaged in major commercial production, the Company will continue to prepare its financial statements and related disclosures in accordance with entities in the development stage. Mining companies subject to development stage financial statement presentation are required to label their financial statements as an “Exploration Stage Company,” pursuant to guidance provided by SEC Guide 7 for Mining Companies.
	Mine Exploration and Development Costs
	All exploration costs are expensed as incurred. Mine development costs are capitalized after proven and probable reserves have been identified. Amortization is calculated using the units-of-production method over the expected life of the operation based on the estimated recoverable mineral ounces.
	Mineral Properties
	Significant payments related to the acquisition of mineral properties, mineral rights, and mineral leases are capitalized. If a commercially mineable ore body is discovered, such costs are amortized when production begins using the units-of-production method based on proven and probable reserves. If no commercially mineable ore body is discovered, or such rights are otherwise determined to have no value, such costs are expensed in the period in which it is determined the property has no future economic value.
	Property Evaluations
	Management of the Company periodically reviews the net carrying value of its properties on a property-by-property basis. These reviews consider the net realizable value of each property to determine whether a permanent impairment in value has occurred and the need for any asset write-down. An impairment loss will be recognized when the estimated future cash flows (undiscounted and without interest) expected to result from the use of an asset are less than the carrying amount of the asset. Measurement of an impairment loss will be based on the estimated fair value of the asset if the asset is expected to be held and used.
	Although management will make its best estimate of the factors that affect net realizable value based on current conditions, it is reasonably possible that changes could occur in the near term which could adversely affect management's estimate of net cash flows expected to be generated from its assets, and necessitate asset impairment write-downs.
	Fair Values of Financial Instruments
	The carrying amounts of financial instruments including cash and cash equivalents approximated their fair values as of December 31, 2013 and 2012.
	Fair Value Accounting
	Accounting guidance has established a hierarchy of assets that are measured at fair value on a recurring basis. The three levels included in the hierarchy are:
	·         Level 1: quoted prices in active markets for identical assets or liabilities
	·         Level 2: significant other observable inputs
	·         Level 3: significant unobservable inputs
	At December 31, 2013 and 2012, the Company has no assets or liabilities that are recorded at fair value on a recurring basis.
	Share-Based Compensation
	The Company accounts for share-based compensation by measuring the cost of services received in exchange for an award of an equity instrument based on the grant-date fair value of the award. Compensation cost is recognized when the event occurs. The Black-Scholes option-pricing model is used to estimate the fair value of options granted. For stock awards that do not vest immediately, the Company recognizes the compensation expense ratably over the requisite service period of the individual grants, which generally equals the vesting period.
	Basic and Diluted Net Loss Per Share
	Net income (loss) per share was computed by dividing the net loss by the weighted average number of common shares outstanding during the period. The weighted average number of shares was calculated by taking the number of shares outstanding and weighting them by the amount of time that they were outstanding. Diluted net income (loss) per share for the Company is the same as basic net income (loss) per share, as the inclusion of common stock equivalents would be anti-dilutive. At December 31, 2013 and 2012, the Company had no outstanding common stock equivalents.
	Income Taxes
	The Company accounts for income taxes using the liability method. Under this method, deferred income tax liabilities or assets at the end of each period are determined using the tax rate expected to be in effect when the taxes will be actually paid or recovered. A valuation allowance is recorded to reduce the deferred tax assets, if there is uncertainty regarding their realization.
	Property, Plant and Equipment
	Property, plant and equipment are carried at cost and depreciated using the straight line method over five to seven years. Maintenance and repairs are charged to operations as incurred. Betterments of a major nature are capitalized. When assets are retired or sold, the costs and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is reflected in operations.
	Reclamation and Remediation Costs (Asset Retirement Obligations)
	The Company had no operating properties at December 31, 2013 and 2012, but the Company’s mineral properties will be subject to standards for mine reclamation that have been established by various governmental agencies. For these non-operating properties, the Company accrues costs associated with environmental remediation obligations when it is probable that such costs will be incurred and they are reasonably estimable. Costs of future expenditures for environmental remediation are not discounted to their present value. Such costs are based on management's current estimate of amounts that are expected to be incurred when the remediation work is performed within current laws and regulations.
	It is reasonably possible that due to uncertainties associated with defining the nature and extent of environmental contamination, application of laws and regulations by regulatory authorities, and changes in remediation technology, the ultimate cost of remediation and reclamation could change in the future. The Company continually reviews its accrued liabilities for such remediation and reclamation costs as evidence becomes available indicating that its remediation and reclamation liability has changed.
	For operating properties the Company will recognize the fair value of a liability for an asset retirement obligation in the period in which it is incurred, if a reasonable estimate of fair value can be made. The associated asset retirement costs will be capitalized as part of the carrying amount of the associated long-lived assets and depreciated over the lives of the assets on a units-of-production basis. Reclamation costs will be accreted over the life of the related assets and are adjusted for changes resulting from the passage of time and changes to either the timing or amount of the original present value estimate on the underlying obligation.

Note_3_Going_Concern

Note 3. Going Concern	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 3. Going Concern	'
	NOTE 3. Going Concern
	As shown in the accompanying financial statements, the Company has had no revenues and incurred an accumulated deficit of $9,708,021 through December 31, 2013. Another factor is that the Company has a negative current ratio of 0.10:1 at December 31, 2013. The current ratio is a measurement of the degree to which current assets cover current liabilities (current assets/current liabilities). A high ratio indicates a good probability the enterprise can retire current debts. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management intends to seek additional capital from new equity securities offerings and joint venture agreements that will provide funds needed to increase liquidity, fund internal growth and fully implement its business plan.
	The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classification of liabilities that might be necessary in the event the Company cannot continue in existence.
	Should the Company be unable to raise capital through future private placements, its business, and, as a result, its financial position, results of operations and cash flow will likely be materially adversely impacted. As such, substantial doubt as to the Company’s ability to continue as a going concern remains as of the date of these financial statements.
	The Company believes it will only need an estimated $150,000 to $200,000 to continue operations through the next twelve months. The timing and amount of capital requirements will depend on a number of factors, including the Company’s ability to successfully maintain a joint venture on our Alaska properties and the Company’s future personnel requirements.

Note_4_Mineral_Properties

Note 4. Mineral Properties	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 4. Mineral Properties	'
	NOTE 4.  Mineral Properties
	In Alaska, the Company’s wholly owned subsidiary Kisa controls or has interests in five claim blocks consisting of 274 State of Alaska mining claims covering 42,280 acres. Four of the claim blocks making up 35,240 acres comprise the Company’s Southwest Kuskokwim Project and the remaining claim group consisting of 7,040 acres is the Company’s Buckstock Project. The Southwest Kuskokwim claim blocks are located in southwest Alaska approximately 90 miles east of the village of Bethel on State of Alaska-owned lands. The Buckstock claim group is located approximately 30-80 miles south of the Donlin Creek deposit and north of the Company’s Southwest Kuskokwim claim groups.
	The following is a summary of the Company’s mineral properties in Alaska:
	Alaska Mineral Properties	Number of Claims	Acres	Carrying Value at       December 31, 2013	Carrying Value at
					December 31,    2012
	Southwest Kuskokwim Project
	AKO	73	11,680	$               2,543	$           2,543
	Luna	50	8,000	-	-
	Kisa	38	5,840	3,314	3,314
	Gold Lake	69	9,720	5,516	5,516
	TOTAL Southwest Kuskokwim Project	230	35,240	11,373	11,373
	Buckstock Project
	Chilly	44	7,040	-	-
	TOTAL Buckstock Project	44	7,040	-	-
	OVERALL TOTAL	274	42,280	$           11,373	$         11,373
	In Alaska, the lands are held under and are subject to the State’s mining laws and regulations. The Company is required to perform certain work commitments and pay annual assessments to the State of Alaska to hold these claims in good standing. The annual work commitment and annual fees were fulfilled and all necessary fees and filings have been made for the season ended September 30, 2013. The commitments and annual assessments for 2014 will be due no later than November 30, 2014. See “Note 11. Commitments and Contingencies”.
	North Fork Option Master Earn-in Agreement
	On January 27, 2010, the Company, through its wholly owned subsidiary, Kisa signed an option agreement with North Fork Resources Pty Ltd (“North Fork”) which grants North Fork an exclusive option to purchase and/or earn an interest in the Company’s Southwest Kuskokwim Project area (“The Projects”).
	Under the terms of the option and amendments thereto, North Fork made payments to the Company totaling $30,000 in 2010 for the exclusive right to explore the claims up until October 31, 2010. On October 18, 2010 North Fork formally notified the Company of their intent to exercise the option over the Alaska properties.  The total of the two payments of $30,000 received from North Fork was recognized as income during the year ended December 31, 2010.
	On March 28, 2011 the Master Earn-In agreement (“the Agreement”) with North Fork was executed which maintained the same terms as the originals terms.
	On October 28, 2013, the Company and North Fork agreed to an extension on the first earn-in date from October 31, 2013 to October 31, 2014, this extension was later memorialized in an executed amendment dated February 12, 2014.  As consideration for the one year extension, North Fork made a one-time extension payment to the Company in the amount of $30,000 which was recognized as income during the year ended December 31, 2013.
	The following is a breakdown of the proposed earn-in terms, as amended:
	1.        The initial interest at the time North Fork exercises its option to earn into The Projects will be as follows:
	a.        Gold Crest Mines, Inc. – 100%
	b.       North Fork – 0%
	2.        North Fork can earn a 51% interest in The Projects by the expenditure of $3,000,000 on The Projects by October 31, 2014.
	3.        If North Fork withdraws from the Joint Venture prior to earning a 51% interest in The Projects, it will have no further interest in The Projects.
	4.        North Fork can earn an additional 24% interest in The Projects, taking its total interest to 75% by the expenditure of an additional $3,000,000 by October 31, 2016.
	5.        North Fork can earn a total interest of 90% in any of The Projects claim blocks by the completion of a Bankable Feasibility Study.
	6.        Gold Crest Mines, Inc. will retain a free carried 10% interest in The Projects up to a Decision to Mine at which point it can elect to contribute at 10% or dilute to a 2% Net Smelter Royalty.
	7.        North Fork is obliged to keep The Projects in good standing.
	8.        North Fork is the sole manager of The Projects and will make all decisions in regards to the exploration programs.
	Afranex Terms Sheet
	On June 5, 2012, and later amended on August 28, 2012 and February 13, 2013, the Company signed a Terms Sheet with Afranex, a company related to the Company’s joint venture partner North Fork. On February 26, 2013, and later amended on March 26, 2013 and again on June 5, 2013,  the Company executed a new version of the Terms Sheet with Afranex wherein Afranex proposed to purchase up to 100% of Kisa, Gold Crest’s wholly owned subsidiary, in one of two proposed options.  The Kisa common shares represent 100% ownership of the capital stock of Kisa.
	Kisa’s only assets include the Company’s Southwest Kuskokwim Project and the Buckstock Project areas which consist of exploration properties in southwest Alaska comprised of 42,280 acres of State of Alaska-owned lands.
	One option is if the Company sells 100% of its ownership interest in Kisa to Afranex, Afranex would pay Gold Crest 12,500,000 shares of Afranex stock valued at AUD$0.20 per share and grant Gold Crest an Afranex ordinary share 4-year option to purchase 3,125,000 shares exercisable at AUD$0.25 per share.
	Alternatively, if the Company sells 80% of its Kisa shares to Afranex, Afranex would pay Gold Crest 10,000,000 ordinary shares of Afranex stock valued at AUD$0.20 per share and grant Afranex an option to purchase the remaining 20% of the Kisa shares in consideration for Afranex ordinary shares valued at $500,000, on or before June 30, 2015.  Gold Crest would be granted a 4-year option to purchase 2,500,000 ordinary Afranex shares at a price of AUD$0.25 per share.
	The following is a breakdown of the main details of the Terms Sheet, which incorporates the final amendments to the terms sheet:
	1.        Consideration:
	a.        Afranex agrees to pay Gold Crest the sum of $100,000 (of which $25,000 was advanced to Gold Crest from Afranex as of December 31, 2012 and a total of $80,000 as of December 31, 2013, and
	b.     One option is if the Company sells 80% of its ownership interest in Kisa to Afranex, Afranex would issue Gold Crest 10,000,000 fully paid ordinary shares in the capital of Afranex at an issue price of AUD$0.20 per share, or that number of shares depending on the way Afranex decides to become an ASX-listed company (Consideration Shares) and grant Gold Crest 2,500,000 unlisted options to be issued fully paid, ordinary shares in Afranex, exercisable at AUD$0.25 per option and expiring four years from the date of grant.
	c.     The alternative option would be if the Company sells 100% of its ownership interest in Kisa to Afranex, Afranex would pay Gold Crest 12,500,000 shares of Afranex stock valued at AUD$0.20 per share and grant Gold Crest an Afranex ordinary share 4-year option to purchase 3,125,000 shares exercisable at AUD$0.25 per share.
	2.        Completion of the Acquisition is conditional on the satisfaction (or waiver by the parties) of the certain conditions precedent such as due diligence by Afranex on Kisa, the approval of the board of Afranex as well as the approval of the shareholders of Gold Crest among other conditions.  If these conditions are not satisfied or waived by January 31, 2014, this term sheet agreement will expire. See “Note 12. Subsequent Events – Afranex Terms Sheet Extension” for further details.
	3.        Settlement of the Acquisition will occur on that date which is five business days of satisfaction (or waiver) of the conditions precedent.  At settlement of (b) or (c), Afranex will settle the consideration set forth above and Gold Crest will deliver the respective number of Kisa shares.  In the event the Company only sells Afranex 80% of the Kisa shares, Gold Crest agrees that an incorporated joint venture is created between Afranex or Parent and Gold Crest in relation to Kisa on the terms and conditions of the joint venture, which, upon the commencement date, the initial shareholding interests in Kisa will be 80% Afranex and 20% Gold Crest.
	4.        If Gold Crest sells 80% of Kisa to Afranex, Afranex may, by written notice to Gold Crest at any time up to June 30, 2015, elect to acquire all (and not part) of Gold Crest’s remaining fully paid Kisa shares in return for the issue of AUD$500,000 worth of Afranex fully paid, ordinary shares if by IPO, or parent shares if Backdoor Listed, which is a corporate finance term that has the same meaning as reverse merger, reverse listing or reverse IPO.
	5.        Notwithstanding the fact that this Terms Sheet is legally binding on the Parties, Afranex and Gold Crest agree to enter into a formal share sale and purchase agreement to more fully document the terms of the Acquisition (to be prepared by Afranex’s solicitors) which shall be on terms acceptable to Kisa and Afranex (acting reasonably) and which shall be consistent with the terms set out in the Terms Sheet.
	Afranex Loan Facility Agreement
	On July 26, 2012, the Company signed a Loan Facility Agreement (“Loan”) in the amount of $15,000 with Afranex which entitled the Company to make individual draw downs in $5,000 increments of the Loan until the Loan has been exhausted to provide the Company with immediate working capital requirements.   On October 26, 2012, the Company signed a first deed of variation to the Loan which increased the Loan amount from $15,000 to $25,000.
	On February 13, 2013, the Company signed a second deed of variation to the Loan which increased the Loan amount from $25,000 to $80,000.   The due date was also extended out to June 30, 2013.  As of December 31, 2013, the Company had received the entire $80,000 and recorded the funds as a current liability.  The funds are intended to be deducted from the $100,000 consideration per the Afranex terms sheet which subsequently was extended out to January 31, 2014 and on July 26, 2013, per the Third deed of variation to the loan facility agreement, the current liability of $80,000 has been extended out to January 31, 2014 also. See “Afranex Terms sheet” above and “Note 12. Subsequent Events – Afranex Loan Facility Agreement Extension” for further details.

Note_5_Advances_From_Gold_Crow

Note 5. Advances From Gold Crown	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 5. Advances From Gold Crown	'
	NOTE 5.  Advances from Gold Crown
	On September 7, 2011, the Company executed a non-binding letter of intent (“LOI”) to enter into a business combination transaction with Gold Crown, Inc (“Gold Crown”).  On October 17, 2011, in connection with the proposed business combination, affiliates of Gold Crown made a non-refundable $117,659 advance to the Company. The funds were used for the following:
	·         to settle outstanding accounts payable for past services that totaled $63,019 for a settlement amount of only $13,500 resulting in a gain on the settlement of accounts payable in the amount of $49,519,
	·         engage professionals to conduct due diligence, and
	·         initiate procedures and actions with a view toward entering into a definitive business combination agreement.
	The Company recorded the advances as a current liability in 2011 as management believed that while no explicit agreement existed requiring the Company to return the advances if a business combination did not take place, there may be an implied obligation for the Company to perform certain actions and activities in connection with the ultimate determination of whether or not a business combination will take place.
	The LOI had a sixty (60) day no shop clause from the date of the LOI.  The LOI also indicated that within sixty (60) days of the signing of the LOI, the Company and Gold Crown would negotiate and execute a definitive Exchange agreement and related documents and certificates which would have incorporated in more complete detail, the terms from the original LOI.  Subsequently, the sixty (60) days passed without entering into a more definitive Exchange agreement.  The Company is no longer obligated to the LOI and is free to pursue other options that would benefit the Company.
	At this time, the Company has terminated any further discussions with the principals of Gold Crown, but has left open the very remote possibility that Gold Crown would present the following items for renewed discussions:
	·         audited financial statements by a PCAOB qualified audit firm
	·         complete updated mine engineering and geological reports on Gold Crown’s properties
	·         verify that adequate financing is in place
	·         verify that a qualified slate of officers and directors have been retained
	·         prepare a professional five year projection with verifiable numbers in regard to future production amounts, revenue costs, expenses, annual tonnage of ore to be mined and milled, etc.
	If the Gold Crown personnel supplied the aforementioned documents, the board of directors of Gold Crest may then review and evaluate such a proposal.  However, Gold Crest is actively pursuing other potential merger candidates.  Since discussions with the principals of Gold Crown have terminated, the $117,659 in advances from Gold Crown under the original LOI have been recognized in the statement of operations in 2012 and is therefore no longer a liability.

Note_6_Common_Stock_and_Common

Note 6. Common Stock and Common Stock Warrants	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 6. Common Stock and Common Stock Warrants	'
	NOTE 6.  Common Stock and Common Stock Warrants
	Common Stock
	The Company is authorized to issue 500,000,000 shares of its common stock. All shares of common stock are equal to each other with respect to voting, liquidation, dividend, and other rights. Owners of shares are entitled to one vote for each share owned at any Shareholders’ meeting. The common stock of the Company does not have cumulative voting rights, which means that the holders of more than fifty percent (50%) of the shares voting in an election of directors may elect all of the directors if they choose to do so.
	During the year ended December 31, 2013, the Company had the following issuances of common stock:
	On March 1, 2013, the Company issued 100,000 shares of common stock to an officer and director valued at $1,800.
	On July 22, 2013 the Company began a private placement offering up to a maximum of 2,500,000 shares at $0.02 per share for a maximum of $50,000 in proceeds.  The offering scheduled ended on August 15, 2013 and as of that date the Company had issued the full 2,500,000 shares raising a total of $50,000.  The shares were being offered and sold by officers and directors of the Company who received no remuneration for the sale of the shares.
	There were no issuances of common stock during the year ended December 31, 2012.
	Common Stock Warrants
	There was no warrant activity during 2013 and no warrants were outstanding at December 31, 2013 or 2012.

Note_7_Preferred_Stock

Note 7. Preferred Stock	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 7. Preferred Stock	'
	NOTE 7.  Preferred Stock
	The Company is authorized to issue 10,000,000 shares of Preferred Stock. The Preferred Stock is entitled to preference over the common stock with respect to the distribution of assets of the Company in the event of liquidation, dissolution, or winding-up of the Company, whether voluntarily or involuntarily, or in the event of any other distribution of assets of the Company among its shareholders for the purpose of winding-up its affairs. The authorized but un-issued shares of Preferred Stock may be divided into and issued in designated series from time to time by one or more resolutions adopted by the Board of Directors. The Directors in their sole discretion have the power to determine the preferences, limitations, and relative rights of each series of Preferred Stock within the limits set forth in the Nevada Business Corporation Act. At December 31, 2013, no preferred stock has been issued.

Note_8_Stock_Based_Compensatio

Note 8. Stock Based Compensation	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 8. Stock Based Compensation	'
	NOTE 8.  Stock Based Compensation
	Stock Based Compensation Plans
	In June 2007, the Board of Directors adopted the 2007 Gold Crest Stock Plan (the “Plan”) which was approved by shareholders in December 2007. The purposes of the Plan are to attract and retain the best available personnel for positions of substantial responsibility, to provide additional incentive to employees, directors and consultants and to promote the success of the Company’s business.
	The maximum number of shares available for issuance pursuant to the Plan adopted by the Company is currently set at 12,000,000 shares of which 4,000,000 may be granted as Incentive Stock Options to employees. As of December 31, 2013, the remaining number of shares available for issuance under the 2007 Stock Plan was 11,350,000.
	Stock Options
	During the years ended December 31, 2013 and 2012, the Company did not issue any new options under the 2007 Stock Plan. During the year ended December 31, 2012, the Company had 5,280,000 stock options expire with exercise prices ranging from $0.28 to $0.53.  These options had been granted between June 19, 2007 and September 12, 2007 to members of the board of directors, employees and to consultants of the Company.
	The following is a summary of stock option activity from January 1, 2012 to December 31, 2013:
		Number of Shares Under Options	Weighted Average  Exercise Price
	Outstanding January 1, 2012	5,280,000	$                      0.52
	Granted	—	—
	Exercised	—	—
	Forfeited	—	—
	Expired	-5,280,000	0.52
	Outstanding and exercisable at December 31, 2012	0	$                         —
	Options outstanding and exercisable at December 31, 2013	0	$                         —

Note_9_Income_Taxes

Note 9. Income Taxes	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 9. Income Taxes	'
	NOTE 9.  Income Taxes
	The Company did not recognize a provision (benefit) for income taxes for the years ended December 31, 2013 and 2012. At December 31, 2013 and 2012, the Company had deferred tax assets principally arising from the net operating loss carry forwards for income tax purposes multiplied by an expected rate of 34%.  For the periods presented, the effective income tax rate differed from the expected rate because of the effects of changes in the deferred tax asset valuation allowance. Changes in the deferred tax asset valuation allowance for the years ended December 31, 2013 and 2012 relate only to corresponding changes in deferred tax assets for those periods. As management of the Company cannot determine that it is more likely than not that the Company will realize the benefit of the deferred tax assets, a valuation allowance equal to the deferred tax asset has be established at December 31, 2013 and December 31, 2012. The significant components of the deferred tax asset at December 31, 2013 and 2012 were as follows:
		December 31, 2013		December 31, 2012
	Deferred tax asset
	Net operating loss carry forward	$	1,974,928	$	1,836,350
	Exploration costs and other		311,462		414,019
			2,286,390		2,250,369
	Deferred tax asset valuation allowance		-2,286,390		-2,250,369
	Net deferred tax asset	$	0	$	0
	At December 31, 2013 and 2012 the Company had net operating loss carry forwards of approximately $5,808,613 and $5,401,030 respectively, which expire in the years 2024 through 2033.
	The Company has analyzed its filing positions in all jurisdictions where it is required to file income tax returns and found no positions that would require a liability for unrecognized income tax benefits to be recognized.
	We have determined that we are subject to examination of our income tax filings in the United States and state jurisdictions for the 2011 through 2013 tax years. In the event that the Company is assessed penalties and or interest, penalties will be charged to other operating expense and interest will be charged to interest expense.

Note_10_Related_Party_Transact

Note 10. Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 10. Related Party Transactions	'
	NOTE 10.  Related Party Transactions
	There were no related party transactions during the years ended December 31, 2013 and 2012.

Note_11_Commitments_and_Contin

Note 11. Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 11. Commitments and Contingencies	'
	NOTE 11.  Commitments and Contingencies
	Alaska Mineral Property Rent and Assessment Work Commitments
	In Alaska, land holdings consist of state mining claims and prospecting sites totaling 42,280 acres of land. Annual rental payments in the approximate amount of $75,000 for these claims are due by November 30, 2014. If these rental payments are not paid by the due date, the claims will be considered abandoned. The annual rental payments that were due on November 30, 2013 were paid in full by the Company’s joint venture partner.
	The Alaska Department of Natural Resources, Division of Mining, Land & Water requires that upon the prospecting, and the discovery of a locatable mineral and the staking of mineral location, annual labor must be performed on the location each labor year in further development of the locatable mineral so that it can be mined. The labor year for the claims begins on September 1 and ends the following September 1. The Company or its joint venture partner, if applicable, will be required to perform qualified labor in the approximate amount of $110,000 by September 1, 2013 with the possibility, depending on any qualified carry-over amounts that can be applied to the labor year ending September 1, 2014 on certain claim groups, will need to be performed by the September 1, 2013 deadline. If these labor requirements are not met by the due date, the claims will be considered abandoned. The annual work commitments and annual fees were fulfilled and all necessary fees and filings were made by the Company’s joint venture partner for the season ending September 30, 2013. The commitments and annual assessments for 2014 will be due no later than November 30, 2014.

Note_12_Subsequent_Events

Note 12. Subsequent Events	12 Months Ended
	Dec. 31, 2013
Notes	'
Note 12. Subsequent Events	'
	NOTE 12.  Subsequent Events
	Afranex Terms Sheet Extension
	On January 30, 2014, the Company agreed to an extension to the Terms Sheet between the Company and Afranex.  The new extension agreement extends the expiration date of the Terms Sheet with Afanex from January 31, 2014 to March 31, 2014.  On March 24, 2014, it was then agreed by mutual consent, that the Terms Sheet expiration date be extended again out until June 30, 2014
	Afranex Loan Facility Agreement Extension
	On January 30, 2014, the Company agreed to extend the due date of the Afranex Loan Facility from January 31, 2014 to March 31, 2014.  The intent was to keep the terms along the same line as the Terms Sheet Extension above.

Note_2_Summary_of_Significant_1

Note 2. Summary of Significant Accounting Policies: Consolidation of Subsidiaries (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Consolidation of Subsidiaries	'
	Consolidation of Subsidiaries
	The consolidated financial statements include the Company’s accounts and the accounts of wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

Note_2_Summary_of_Significant_2

Note 2. Summary of Significant Accounting Policies: Cash and Cash Equivalents (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	Highly liquid short-term investments with a remaining maturity when purchased of three months or less are classified as cash equivalents. The Company deposits its cash and cash equivalents in high quality financial institutions.

Note_2_Summary_of_Significant_3

Note 2. Summary of Significant Accounting Policies: Use of Estimates (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Use of Estimates	'
	Use of Estimates
	In preparing financial statements in conformity with generally accepted accounting principles, management is required to make estimates and assumptions that affect the amounts reported in those statements and accompanying notes. Examples of areas requiring the use of estimates include the recoverability of mineral property and investments accounted for on the cost basis, assumptions used in determining the fair value of stock-based compensation and the expected economic lives and rates for depreciation. Actual results could differ from those estimates.

Note_2_Summary_of_Significant_4

Note 2. Summary of Significant Accounting Policies: Exploration Stage Enterprise (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Exploration Stage Enterprise	'
	Exploration Stage Enterprise
	The Company's financial statements are prepared pursuant to the accounting principles for development stage enterprises as it devotes substantially all of its efforts to acquiring and exploring mining interests that will eventually provide sufficient net profits to sustain the Company’s existence. Until such interests are engaged in major commercial production, the Company will continue to prepare its financial statements and related disclosures in accordance with entities in the development stage. Mining companies subject to development stage financial statement presentation are required to label their financial statements as an “Exploration Stage Company,” pursuant to guidance provided by SEC Guide 7 for Mining Companies.

Note_2_Summary_of_Significant_5

Note 2. Summary of Significant Accounting Policies: Mine Exploration and Development Costs (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Mine Exploration and Development Costs	'
	Mine Exploration and Development Costs
	All exploration costs are expensed as incurred. Mine development costs are capitalized after proven and probable reserves have been identified. Amortization is calculated using the units-of-production method over the expected life of the operation based on the estimated recoverable mineral ounces.

Note_2_Summary_of_Significant_6

Note 2. Summary of Significant Accounting Policies: Mineral Properties (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Mineral Properties	'
	Mineral Properties
	Significant payments related to the acquisition of mineral properties, mineral rights, and mineral leases are capitalized. If a commercially mineable ore body is discovered, such costs are amortized when production begins using the units-of-production method based on proven and probable reserves. If no commercially mineable ore body is discovered, or such rights are otherwise determined to have no value, such costs are expensed in the period in which it is determined the property has no future economic value.

Note_2_Summary_of_Significant_7

Note 2. Summary of Significant Accounting Policies: Property Evaluations (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Property Evaluations	'
	Property Evaluations
	Management of the Company periodically reviews the net carrying value of its properties on a property-by-property basis. These reviews consider the net realizable value of each property to determine whether a permanent impairment in value has occurred and the need for any asset write-down. An impairment loss will be recognized when the estimated future cash flows (undiscounted and without interest) expected to result from the use of an asset are less than the carrying amount of the asset. Measurement of an impairment loss will be based on the estimated fair value of the asset if the asset is expected to be held and used.
	Although management will make its best estimate of the factors that affect net realizable value based on current conditions, it is reasonably possible that changes could occur in the near term which could adversely affect management's estimate of net cash flows expected to be generated from its assets, and necessitate asset impairment write-downs.

Note_2_Summary_of_Significant_8

Note 2. Summary of Significant Accounting Policies: Fair Values of Financial Instruments (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Fair Values of Financial Instruments	'
	Fair Values of Financial Instruments
	The carrying amounts of financial instruments including cash and cash equivalents approximated their fair values as of December 31, 2013 and 2012.

Note_2_Summary_of_Significant_9

Note 2. Summary of Significant Accounting Policies: Fair Value Accounting (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Fair Value Accounting	'
	Fair Value Accounting
	Accounting guidance has established a hierarchy of assets that are measured at fair value on a recurring basis. The three levels included in the hierarchy are:
	·         Level 1: quoted prices in active markets for identical assets or liabilities
	·         Level 2: significant other observable inputs
	·         Level 3: significant unobservable inputs
	At December 31, 2013 and 2012, the Company has no assets or liabilities that are recorded at fair value on a recurring basis.

Recovered_Sheet2

Note 2. Summary of Significant Accounting Policies: Share-based Compensation (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Share-based Compensation	'
	Share-Based Compensation
	The Company accounts for share-based compensation by measuring the cost of services received in exchange for an award of an equity instrument based on the grant-date fair value of the award. Compensation cost is recognized when the event occurs. The Black-Scholes option-pricing model is used to estimate the fair value of options granted. For stock awards that do not vest immediately, the Company recognizes the compensation expense ratably over the requisite service period of the individual grants, which generally equals the vesting period.

Recovered_Sheet3

Note 2. Summary of Significant Accounting Policies: Basic and Diluted Net Loss Per Share (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Basic and Diluted Net Loss Per Share	'
	Basic and Diluted Net Loss Per Share
	Net income (loss) per share was computed by dividing the net loss by the weighted average number of common shares outstanding during the period. The weighted average number of shares was calculated by taking the number of shares outstanding and weighting them by the amount of time that they were outstanding. Diluted net income (loss) per share for the Company is the same as basic net income (loss) per share, as the inclusion of common stock equivalents would be anti-dilutive. At December 31, 2013 and 2012, the Company had no outstanding common stock equivalents.

Recovered_Sheet4

Note 2. Summary of Significant Accounting Policies: Income Taxes (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Income Taxes	'
	Income Taxes
	The Company accounts for income taxes using the liability method. Under this method, deferred income tax liabilities or assets at the end of each period are determined using the tax rate expected to be in effect when the taxes will be actually paid or recovered. A valuation allowance is recorded to reduce the deferred tax assets, if there is uncertainty regarding their realization.

Recovered_Sheet5

Note 2. Summary of Significant Accounting Policies: Property, Plant and Equipment (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Property, Plant and Equipment	'
	Property, Plant and Equipment
	Property, plant and equipment are carried at cost and depreciated using the straight line method over five to seven years. Maintenance and repairs are charged to operations as incurred. Betterments of a major nature are capitalized. When assets are retired or sold, the costs and related accumulated depreciation are eliminated from the accounts and any resulting gain or loss is reflected in operations.

Recovered_Sheet6

Note 2. Summary of Significant Accounting Policies: Reclamation and Remediation Costs (asset Retirement Obligations) (Policies)	12 Months Ended
	Dec. 31, 2013
Policies	'
Reclamation and Remediation Costs (asset Retirement Obligations)	'
	Reclamation and Remediation Costs (Asset Retirement Obligations)
	The Company had no operating properties at December 31, 2013 and 2012, but the Company’s mineral properties will be subject to standards for mine reclamation that have been established by various governmental agencies. For these non-operating properties, the Company accrues costs associated with environmental remediation obligations when it is probable that such costs will be incurred and they are reasonably estimable. Costs of future expenditures for environmental remediation are not discounted to their present value. Such costs are based on management's current estimate of amounts that are expected to be incurred when the remediation work is performed within current laws and regulations.
	It is reasonably possible that due to uncertainties associated with defining the nature and extent of environmental contamination, application of laws and regulations by regulatory authorities, and changes in remediation technology, the ultimate cost of remediation and reclamation could change in the future. The Company continually reviews its accrued liabilities for such remediation and reclamation costs as evidence becomes available indicating that its remediation and reclamation liability has changed.
	For operating properties the Company will recognize the fair value of a liability for an asset retirement obligation in the period in which it is incurred, if a reasonable estimate of fair value can be made. The associated asset retirement costs will be capitalized as part of the carrying amount of the associated long-lived assets and depreciated over the lives of the assets on a units-of-production basis. Reclamation costs will be accreted over the life of the related assets and are adjusted for changes resulting from the passage of time and changes to either the timing or amount of the original present value estimate on the underlying obligation.

Note_4_Mineral_Properties_Sche

Note 4. Mineral Properties: Schedule of Mineral Properties (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Mineral Properties	'
	Alaska Mineral Properties	Number of Claims	Acres	Carrying Value at       December 31, 2013	Carrying Value at
					December 31,    2012
	Southwest Kuskokwim Project
	AKO	73	11,680	$               2,543	$           2,543
	Luna	50	8,000	-	-
	Kisa	38	5,840	3,314	3,314
	Gold Lake	69	9,720	5,516	5,516
	TOTAL Southwest Kuskokwim Project	230	35,240	11,373	11,373
	Buckstock Project
	Chilly	44	7,040	-	-
	TOTAL Buckstock Project	44	7,040	-	-
	OVERALL TOTAL	274	42,280	$           11,373	$         11,373

Note_8_Stock_Based_Compensatio1

Note 8. Stock Based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Share-based Compensation, Stock Options, Activity	'
		Number of Shares Under Options	Weighted Average  Exercise Price
	Outstanding January 1, 2012	5,280,000	$                      0.52
	Granted	—	—
	Exercised	—	—
	Forfeited	—	—
	Expired	-5,280,000	0.52
	Outstanding and exercisable at December 31, 2012	0	$                         —
	Options outstanding and exercisable at December 31, 2013	0	$                         —

Note_9_Income_Taxes_Schedule_o

Note 9. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Tables)	12 Months Ended
	Dec. 31, 2013
Tables/Schedules	'
Schedule of Deferred Tax Assets and Liabilities	'
		December 31, 2013		December 31, 2012
	Deferred tax asset
	Net operating loss carry forward	$	1,974,928	$	1,836,350
	Exploration costs and other		311,462		414,019
			2,286,390		2,250,369
	Deferred tax asset valuation allowance		-2,286,390		-2,250,369
	Net deferred tax asset	$	0	$	0

Note_3_Going_Concern_Details

Note 3. Going Concern (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Accumulated deficit during exploration stage	$9,708,021	$9,602,076

Note_6_Common_Stock_and_Common1

Note 6. Common Stock and Common Stock Warrants (Details) (USD $)	12 Months Ended
	Dec. 31, 2013
Details	'
Stock Issued During Period, Shares, Issued for Services	100,000
Stock Issued During Period, Value, Issued for Services	$1,800
Stock Issued During Period, Shares, New Issues	2,500,000
Stock Issued During Period, Value, New Issues	$50,000

Note_8_Stock_Based_Compensatio2

Note 8. Stock Based Compensation: Schedule of Share-based Compensation, Stock Options, Activity (Details) (USD $)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2011
Details	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	0	0	5,280,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	'	'	$0.52
Share-based Compensation Arrangement by Share-based Payment Award, Options, Expirations in Period	-5,280,000	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price	$0.52	'	'

Note_9_Income_Taxes_Schedule_o1

Note 9. Income Taxes: Schedule of Deferred Tax Assets and Liabilities (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Deferred Tax Assets, Operating Loss Carryforwards, Total	$1,974,928	$1,836,350
Deferred Tax Assets, Other	311,462	414,019
Deferred Tax Assets, Gross, Total	2,286,390	2,250,369
Deferred Tax Assets, Valuation Allowance, Total	-2,286,390	-2,250,369
Deferred Tax Assets, Net of Valuation Allowance, Total	$0	$0

Note_9_Income_Taxes_Details

Note 9. Income Taxes (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Details	'	'
Unrecognized Tax Benefits Resulting in Net Operating Loss Carryforward	$5,808,613	$5,401,030

Note_12_Subsequent_Events_Deta

Note 12. Subsequent Events (Details)	12 Months Ended
	Dec. 31, 2013
Details	'
Subsequent Event, Description	'Afranex Terms Sheet Extension On January 30, 2014, the Company agreed to an extension to the Terms Sheet between the Company and Afranex. The new extension agreement extends the expiration date of the Terms Sheet with Afanex from January 31, 2014 to March 31, 2014. On March 24, 2014, it was then agreed by mutual consent, that the Terms Sheet expiration date be extended again out until June 30, 2014 Afranex Loan Facility Agreement Extension On January 30, 2014, the Company agreed to extend the due date of the Afranex Loan Facility from January 31, 2014 to March 31, 2014. The intent was to keep the terms along the same line as the Terms Sheet Extension above.