Gold Lakes (GLLK) 10-K/A 22 Jun 15 2013 FY Annual report (amended) Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Jul. 31, 2013	Jun. 04, 2015
Document And Entity Information
Entity Registrant Name	Siga Resources Inc.
Entity Central Index Key	1,386,936
Document Type	10-K
Document Period End Date	Jul. 31, 2013
Amendment Flag	true
Amendment Description	Amendment No 1
Current Fiscal Year End Date	--07-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	Yes
Entity's Reporting Status Current	No
Entity Filer Category	Smaller Reporting Company
Entity Public Float		$ 0
Entity Common Stock, Shares Outstanding		45,105,000
Trading Symbol	SGAE
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,013

Balance Sheets

Balance Sheets - USD ($)	Jul. 31, 2013	Jul. 31, 2012
CURRENT ASSETS
Cash		$ 9,923
TOTAL CURRENT ASSETS		9,923
TOTAL ASSETS	$ 0	9,923
CURRENT LIABILITIES
Accounts payable (including related party amounts of $29,398 and $27,883)	122,267	85,765
Note payable	21,500	$ 19,250
Convertible notes payable, net of discounts of $0 and $116,000, respectively	116,000
Total Current Liabilities	259,767	$ 105,015
STOCKHOLDERS' DEFICIENCY
Common stock 500,000,000 shares authorized, at $0.001 par value; 45,105,000 shares issued and outstanding as of July 31, 2013 and 2012	45,105	45,105
Capital in excess of par value	333,245	333,245
Accumulated Deficit	(638,117)	(473,442)
Total Stockholders' Deficiency	(259,767)	(95,092)
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY	$ 0	$ 9,923

Balance Sheets (Parenthetical)

Balance Sheets (Parenthetical) - USD ($)	Jul. 31, 2013	Jul. 31, 2012
Statement of Financial Position [Abstract]
Accounts payable related party amount	$ 29,398	$ 27,883
Convertible notes payable, net of discount	$ 0	$ 116,000
Common stock, shares authorized	500,000,000	500,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	45,105,000	45,105,000
Common stock, shares outstanding	45,105,000	45,105,000

Statements of Operations

Statements of Operations - USD ($)	12 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Income Statement [Abstract]
REVENUES
EXPENSES
General and administrative	$ 34,750	$ 101,753
TOTAL EXPENSES	34,750	101,753
OTHER EXPENSE
Interest expense	129,925	1,750
NET LOSS	$ (164,675)	$ (103,503)
NET LOSS PER COMMON SHARE
Basic and diluted	$ 0	$ 0
WEIGHTED AVERAGE OUTSTANDING SHARES
Basic and diluted	45,105,000	45,035,521

Statement of Stockholders' Defi

Statement of Stockholders' Deficiency - USD ($)	3 Months Ended	12 Months Ended
	Jul. 31, 2011	Jul. 31, 2013	Jul. 31, 2012
Common Stock [Member]
Balance		$ 45,105	$ 45,025
Balance, shares		45,105,000	45,025,000
Shares issued for subscriptions received			$ 80
Shares issued for subscriptions received, shares			80,000
Debt discounts related to beneficial conversion features
Net loss
Balance	$ 45,025	$ 45,105	$ 45,105
Balance, shares	45,025,000	45,105,000	45,105,000
Subscriptions Received [Member]
Balance			$ 20,000
Shares issued for subscriptions received			$ (20,000)
Debt discounts related to beneficial conversion features
Net loss
Balance	$ 20,000
Capital in Excess of Par Value [Member]
Balance		$ 333,245	$ 197,325
Shares issued for subscriptions received			19,920
Debt discounts related to beneficial conversion features			$ 116,000
Net loss
Balance	197,325	$ 333,245	$ 333,245
Deficit [Member]
Balance		(473,442)	$ (369,939)
Shares issued for subscriptions received
Debt discounts related to beneficial conversion features
Net loss		(164,675)	$ (103,503)
Balance	(369,939)	(638,117)	(473,442)
Balance		(95,092)	$ (107,589)
Shares issued for subscriptions received
Debt discounts related to beneficial conversion features			$ 116,000
Net loss	143,000	(164,675)	(103,503)
Balance	$ (107,589)	$ (259,767)	$ (95,092)

Statements of Cash Flows

Statements of Cash Flows - USD ($)	12 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (164,675)	$ (103,503)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortization of discount on convertible notes	116,000
Changes in accounts payable	36,502	$ 6,986
Net Cash Used in Operating Activities	(12,173)	(96,517)
CASH FLOWS FROM FINANCING ACTIVITIES
Promissory Notes	$ 2,250	$ 93,500
Proceeds from issuance of common stock
Net Cash Provided by Financing	$ 2,250	$ 93,500
Net Increase (Decrease) in Cash	(9,923)	(3,017)
Cash at Beginning of Period	$ 9,923	12,940
CASH AT END OF PERIOD		9,923
SUPPLEMENTAL DISCLOSURE OF NONCASH FINANCING ACTIVITIES:
Accounts payable converted to notes payable		40,000
Accrued interest converted to notes payable		$ 1,750
Capital contributions - non-cash expenses

Organization

Organization	12 Months Ended
	Jul. 31, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization	1. ORGANIZATION The Company, Siga Resources Inc., was incorporated under the laws of the State of Nevada on January 18, 2007 with the authorized capital stock of 300,000,000 shares at $0.001 par value. On April 30, 2008, the Secretary of State for Nevada approved an amendment to the Articles of Incorporation where the total number of shares of common stock was increased to 500,000,000 shares of common stock with a par value of $0.001 per share. The Company was organized for the purpose of acquiring and developing mineral properties.

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Jul. 31, 2013
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Accounting Methods The Company recognizes income and expenses based on the accrual method of accounting. Dividend Policy The Company has not yet adopted a policy regarding payment of dividends. Basic and Diluted Net Income (loss) Per Share Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes anti-dilutive and then the basic and diluted per share amounts are the same. As of July 31, 2013 and July 31, 2012, the Company has 116,000,000 of common stock equivalents outstanding, calculated using the if-converted method. Income Taxes The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized. Foreign Currency Translations Part of the transactions of the Company were completed in Canadian dollars and have been translated to US dollars as incurred, at the exchange rate in effect at the time, and therefore, no gain or loss from the translation is recognized. The functional currency is considered to be US dollars. Revenue Recognition Revenue is recognized on the sale and delivery of a product or the completion of a service provided. Advertising and Market Development The company expenses advertising and market development costs as incurred. Financial Instruments The carrying amounts of financial instruments are considered by management to be their fair value due to their short term maturities. Estimates and Assumptions Management uses estimates and assumptions in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements. Impairment of Long-lived Assets The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets. Mineral Property Acquisition and Exploration Costs Mineral property acquisition costs are initially capitalized when incurred. These costs are then assessed for impairment when factors are present to indicate the carrying costs may not be recoverable. Mineral exploration costs are expensed when incurred. Statement of Cash Flows For the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents. Environmental Requirements At the report date environmental requirements related to the mineral claim acquired are unknown and therefore any estimate of any future cost cannot be made. Reclassifications Certain prior period amounts have been reclassified to conform with current period presentation. Recent Accounting Pronouncements In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as “Development Stage Entities” (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915. The Company has adopted this standard. In May 2014, FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. The revenue recognition standard affects all entities that have contracts with customers, except for certain items. The new revenue recognition standard eliminates the transaction-and industry-specific revenue recognition guidance under current GAAP and replaces it with a principle-based approach for determining revenue recognition. Public entities are required to adopt the revenue recognition standard for reporting periods beginning after December 15, 2016, and interim and annual reporting periods thereafter. Early adoption is not permitted for public entities. The Company has reviewed the applicable ASU and has not, at the current time, quantified the effects of this pronouncement, however it believes that there will be no material effect on the consolidated financial statements. In June 2014, FASB issued Accounting Standards Update (ASU) No. 2014-12 Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. A performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation — Stock Compensation. As a result, the target is not reflected in the estimation of the award’s grant date fair value. Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved. The guidance is effective for annual periods beginning after 15 December 2015 and interim periods within those annual periods. Early adoption is permitted. Management has reviewed the ASU and believes that they currently account for these awards in a manner consistent with the new guidance, therefore there is no anticipation of any effect to the consolidated financial statements. We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Acquisition of Mineral Claims

Acquisition of Mineral Claims	12 Months Ended
	Jul. 31, 2013
Extractive Industries [Abstract]
Acquisition of Mineral Claims	3. ACQUISITION OF MINERAL CLAIMS On March 11, 2007, the Company acquired the Valolo Gold Claim located in the Republic of Fiji for the consideration of $5,000 including a geological report. The Valolo Gold Claim is located 10 miles east of the town of Korovou , Fiji. The Company has abandoned this claim. On January 16, 2011, the Company entered into a Property Acquisition and Royalty Agreement with Peter Osha to acquired Peter Osha’s Lucky Thirteen Placer Mining Property (“Lucky Thirteen”) near Hope, British Columbia, Canada in exchange for $1.5 million Canadian plus a 3% net smelter royalty. Payments on the property were due as follows: By or before January 15, 2011 *$10,000 By or before April 15, 2011 *40,000 By or before July 15, 2011 **50,000 By or before January 15, 2012 ***100,000 By or before July 15, 2012 ***100,000 By or before January 15, 2013 ***150,000 By or before July 15, 2013 ***150,000 By or before January 15, 2014 ***200,000 By or before July 15, 2014 ***200,000 By or before January 15, 2015 250,000 By or before July 15, 2015 250,000 Total $ 1,500,000 * Paid by the Company ** Paid by Lucky 13 Mining Company Ltd. *** Not Paid On May 12, 2011, the Company entered into a joint venture agreement with Big Rock Resources Inc. whereby, the Company transferred its interest (and related payments due) in the Lucky Thirteen Mining Property to Lucky 13 Mining Company Ltd. This transfer provided the Company with a 50% ownership interest in Lucky 13 Mining Company Ltd. Per the joint venture agreement, Big Rock Resources Inc. has agreed to fund Lucky 13 Mining Company Ltd. to provide financing for exploration and for its mineral lease payments. Payments due from Big Rock Resources Inc. to Lucky 13 Mining Company Ltd. are as follows: 1. Payment of $400,000 for the initial work program on the Project, payable as follows: a. $50,000 by May 14, 2011, which was received; b. $350,000 by May 31, 2011 which was received; 2. Payment of $8,500,000 for the cost of putting the Project into production. Lucky 13 Mining Company Ltd. is 50% owned by both Black Rock Resources Ltd. and the Company. As indicated above, the Company transferred its interests in the Mining Claims to the Joint Venture with a cost basis of $51,734. The Company accounts for this Joint Venture using the equity method. For the time period May 12, 2011 to July 31, 2011, the joint venture reported a net loss of approximately $143,000. Accordingly, the Company recorded its share of those losses, but only up to the cost of its investment. The Company is in default with its payments to Peter Osha on the acquisition of the Lucky Thirteen Mining Claim and it effectively terminated the agreement of July 31, 2012. Big Rock Resources Inc. could not provide the $8,500,000 financing and that the joint venture between the Company and Big Rock was also cancelled.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Jul. 31, 2013
Related Party Transactions [Abstract]
Related Party Transactions	4. RELATED PARTY TRANSACTIONS Under consulting agreements executed in September 2010, two of the Company’s former directors were to be paid $1,500 per month. On November 15, 2012 both of these directors resigned. As of July 31, 2013 and 2012 $29,398 and $27,883 respectively, was due to these former directors (these amounts included minor travel expenses).

Convertible Notes Payable

Convertible Notes Payable	12 Months Ended
	Jul. 31, 2013
Debt Disclosure [Abstract]
Convertible Notes Payable	5. CONVERTIBLE NOTES PAYABLE On July 31, 2012, the Company converted $40,000 in accounts payable to a convertible promissory note. The note has a 10% per annum interest rate and a maturity date of July 31, 2013. The note is convertible into shares of the Company’s common stock at a conversion price of $0.001. Per ASC 470-50-40-10b, as this transaction added a substantive conversion feature to the debt, we have determined debt extinguishment accounting rules apply. However, as there was no difference between the reacquisition price and the net carrying amount of the old debt, no gain or loss was recorded. The Company did record a discount on the debt equal to the face value, in the amount of $40,000 in 2012. This discount has been amortized to interest expense over the year. On July 31, 2012, the Company converted $76,000 in advances to a convertible promissory note. The note has a 10% per annum interest rate and a maturity date of July 31, 2013.. The note is convertible into shares of the Company’s common stock at a conversion price of $0.001. Per ASC 470-50-40-10b, as this transaction added a substantive conversion feature to the debt, we have determined debt extinguishment accounting rules apply. However, as there was no difference between the reacquisition price and the net carrying amount of the old debt, no gain or loss was recorded. The Company did record a discount on the debt equal to the face value, in the amount of $76,000 in 2012. This discount has been amortized to interest expense over the year.

Note Payable

Note Payable	12 Months Ended
	Jul. 31, 2013
Debt Disclosure [Abstract]
Note Payable	6. NOTE PAYABLE The Company received $17,500 under a promissory note agreement in July 2012. Per the note agreement, interest of $1,750 was accrued through July 31, 2013. An additional $4,000 was received under this Note in 2013. Interest and principal were due on September 15, 2012. The Company is currently in default on this note. Interest of $4,075 has been accrued on this Note.

Capital Stock

Capital Stock	12 Months Ended
	Jul. 31, 2013
Equity [Abstract]
Capital Stock	7. CAPITAL STOCK On June 14, 2012, the Company issued 80,000 shares of its common stock for the $20,000 cash it received under a share subscription agreement, in January 2011. There were no changes to capital stock during the year ended July 31, 2013.

Going Concern

Going Concern	12 Months Ended
	Jul. 31, 2013
Going Concern
Going Concern	8. GOING CONCERN The Company will need additional working capital to service its debt and to develop the mineral claims acquired, which raises substantial doubt about its ability to continue as a going concern. Continuation of the Company as a going concern is dependent upon obtaining additional working capital and the management of the Company has developed a strategy, which it believes will accomplish this objective through additional equity funding, and long term financing, which will enable the Company to operate for the coming year.

Income Taxes

Income Taxes	12 Months Ended
	Jul. 31, 2013
Income Tax Disclosure [Abstract]
Income Taxes	9. INCOME TAXES The Company’s deferred tax assets, valuation allowance, and change in valuation allowance are as follows (“NOL” denotes Net Operating Loss): Period Ended Estimated NOL Carry-Forward $ NOL expires Estimated Tax Benefit from NOL $ Valuation Allowance from NOL Benefit $ Net Tax Benefit 2007 22,659 2027 7,704 (7,704 ) - 2008 57,226 2028 19,456 (19,456 ) - 2009 36,149 2029 12,291 (12,291 ) - 2010 24,511 2030 8,334 (8,334 ) - 2011 229,394 2031 77,994 (77,994 ) - 2012 103,503 2032 35,191 (35,191 ) - 2013 34,750 2033 11,815 (11,815 ) - Total 508,192 172,785 (172,785 ) - The total valuation allowance as of July 31, 2013 was $172,785 which increased by $11,815 As of July 31, 2013 and 2012, the Company has no unrecognized income tax benefits. The Company’s policy for classifying interest and penalties associated with unrecognized income tax benefits is to include such items as tax expense. No interest or penalties have been recorded during the years ended July 31, 2013, and 2012 and no interest or penalties have been accrued as of July 31, 2013 and 2012. The tax years from 2009 and forward have not been filed and remain open to examination by federal and state authorities due to net operating loss and credit carryforwards. The Company is currently not under examination by the Internal Revenue Service or any other taxing authorities.

Subsequent Events

Subsequent Events	12 Months Ended
	Jul. 31, 2013
Subsequent Events [Abstract]
Subsequent Events	10. SUBSEQUENT EVENTS On April 6, 2015, the Company has entered into a Letter of Intent whereby it will sign a definitive agreement to acquire 100% of Flex Mining through the issuance of 2,000,000 restricted shares, a $10,000 promissory note payable within six months to the owners of Flex Mining Ltd., and by a capital expenditure of up to $1,000,000 over three years on the Big Monty Claims. Flex Mining Ltd. owns 100% of six claims named the Big Monty Claims in the historic Abitibi Greenstone Belt. This earn-in agreement is subject to the Company reverse splitting the shares on the basis of one new share for every 200 existing shares and changing the name of the Company to Gold Lakes Corp.

Summary of Significant Accoun17

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Jul. 31, 2013
Accounting Policies [Abstract]
Accounting Methods	Accounting Methods The Company recognizes income and expenses based on the accrual method of accounting.
Dividend Policy	Dividend Policy The Company has not yet adopted a policy regarding payment of dividends.
Basic and Diluted Net Income (loss) Per Share	Basic and Diluted Net Income (loss) Per Share Basic net income (loss) per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net income (loss) per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as if shares had been issued on the exercise of the common share rights unless the exercise becomes anti-dilutive and then the basic and diluted per share amounts are the same. As of July 31, 2013 and July 31, 2012, the Company has 116,000,000 of common stock equivalents outstanding, calculated using the if-converted method.
Income Taxes	Income Taxes The Company utilizes the liability method of accounting for income taxes. Under the liability method deferred tax assets and liabilities are determined based on differences between financial reporting and the tax bases of the assets and liabilities and are measured using the enacted tax rates and laws that will be in effect, when the differences are expected to be reversed. An allowance against deferred tax assets is recorded, when it is more likely than not, that such tax benefits will not be realized.
Foreign Currency Translations	Foreign Currency Translations Part of the transactions of the Company were completed in Canadian dollars and have been translated to US dollars as incurred, at the exchange rate in effect at the time, and therefore, no gain or loss from the translation is recognized. The functional currency is considered to be US dollars.
Revenue Recognition	Revenue Recognition Revenue is recognized on the sale and delivery of a product or the completion of a service provided.
Advertising and Market Development	Advertising and Market Development The company expenses advertising and market development costs as incurred.
Financial Instruments	Financial Instruments The carrying amounts of financial instruments are considered by management to be their fair value due to their short term maturities.
Estimates and Assumptions	Estimates and Assumptions Management uses estimates and assumptions in preparing financial statements in accordance with general accepted accounting principles. Those estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities, and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial statements.
Impairment of Long-lived Assets	Impairment of Long-lived Assets The Company reviews and evaluates long-lived assets for impairment when events or changes in circumstances indicate that the related carrying amounts may not be recoverable. The assets are subject to impairment consideration under ASC 360-10-35-17 if events or circumstances indicate that their carrying amounts might not be recoverable. When the Company determines that an impairment analysis should be done, the analysis will be performed using rules of ASC 930-360-35, Asset Impairment, and 360-10-15-3 through 15-5, Impairment or Disposal of Long-Lived Assets.
Mineral Property Acquisition and Exploration Costs	Mineral Property Acquisition and Exploration Costs Mineral property acquisition costs are initially capitalized when incurred. These costs are then assessed for impairment when factors are present to indicate the carrying costs may not be recoverable. Mineral exploration costs are expensed when incurred.
Statement of Cash Flows	Statement of Cash Flows For the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months or less to be cash equivalents.
Environmental Requirements	Environmental Requirements At the report date environmental requirements related to the mineral claim acquired are unknown and therefore any estimate of any future cost cannot be made.
Reclassifications	Reclassifications Certain prior period amounts have been reclassified to conform with current period presentation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In June 2014, the Financial Accounting Standards Board issued Accounting Standards Update No. 2014-10, which eliminated certain financial reporting requirements of companies previously identified as “Development Stage Entities” (Topic 915). The amendments in this ASU simplify accounting guidance by removing all incremental financial reporting requirements for development stage entities. The amendments also reduce data maintenance and, for those entities subject to audit, audit costs by eliminating the requirement for development stage entities to present inception-to-date information in the statements of income, cash flows, and shareholder equity. Early application of each of the amendments is permitted for any annual reporting period or interim period for which the entity’s financial statements have not yet been issued (public business entities) or made available for issuance (other entities). Upon adoption, entities will no longer present or disclose any information required by Topic 915. The Company has adopted this standard. In May 2014, FASB issued Accounting Standards Update (ASU) No. 2014-09, Revenue from Contracts with Customers. The revenue recognition standard affects all entities that have contracts with customers, except for certain items. The new revenue recognition standard eliminates the transaction-and industry-specific revenue recognition guidance under current GAAP and replaces it with a principle-based approach for determining revenue recognition. Public entities are required to adopt the revenue recognition standard for reporting periods beginning after December 15, 2016, and interim and annual reporting periods thereafter. Early adoption is not permitted for public entities. The Company has reviewed the applicable ASU and has not, at the current time, quantified the effects of this pronouncement, however it believes that there will be no material effect on the consolidated financial statements. In June 2014, FASB issued Accounting Standards Update (ASU) No. 2014-12 Compensation — Stock Compensation (Topic 718), Accounting for Share-Based Payments When the Terms of an Award Provide That a Performance Target Could Be Achieved after the Requisite Service Period. A performance target in a share-based payment that affects vesting and that could be achieved after the requisite service period should be accounted for as a performance condition under Accounting Standards Codification (ASC) 718, Compensation — Stock Compensation. As a result, the target is not reflected in the estimation of the award’s grant date fair value. Compensation cost would be recognized over the required service period, if it is probable that the performance condition will be achieved. The guidance is effective for annual periods beginning after 15 December 2015 and interim periods within those annual periods. Early adoption is permitted. Management has reviewed the ASU and believes that they currently account for these awards in a manner consistent with the new guidance, therefore there is no anticipation of any effect to the consolidated financial statements. We have reviewed the FASB issued Accounting Standards Update (“ASU”) accounting pronouncements and interpretations thereof that have effectiveness dates during the periods reported and in future periods. The Company has carefully considered the new pronouncements that alter previous generally accepted accounting principles and does not believe that any new or modified principles will have a material impact on the corporation’s reported financial position or operations in the near term. The applicability of any standard is subject to the formal review of our financial management and certain standards are under consideration.

Acquisition of Mineral Claims (

Acquisition of Mineral Claims (Tables)	12 Months Ended
	Jul. 31, 2013
Extractive Industries [Abstract]
Payments on Mining Property	Payments on the property were due as follows: By or before January 15, 2011 *$10,000 By or before April 15, 2011 *40,000 By or before July 15, 2011 **50,000 By or before January 15, 2012 ***100,000 By or before July 15, 2012 ***100,000 By or before January 15, 2013 ***150,000 By or before July 15, 2013 ***150,000 By or before January 15, 2014 ***200,000 By or before July 15, 2014 ***200,000 By or before January 15, 2015 250,000 By or before July 15, 2015 250,000 Total $ 1,500,000 * Paid by the Company ** Paid by Lucky 13 Mining Company Ltd. *** Not Paid

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Jul. 31, 2013
Income Tax Disclosure [Abstract]
Schedule of Deferred Tax Assets and Change in Valuation Allowance	The Company’s deferred tax assets, valuation allowance, and change in valuation allowance are as follows (“NOL” denotes Net Operating Loss): Period Ended Estimated NOL Carry-Forward $ NOL expires Estimated Tax Benefit from NOL $ Valuation Allowance from NOL Benefit $ Net Tax Benefit 2007 22,659 2027 7,704 (7,704 ) - 2008 57,226 2028 19,456 (19,456 ) - 2009 36,149 2029 12,291 (12,291 ) - 2010 24,511 2030 8,334 (8,334 ) - 2011 229,394 2031 77,994 (77,994 ) - 2012 103,503 2032 35,191 (35,191 ) - 2013 34,750 2033 11,815 (11,815 ) - Total 508,192 172,785 (172,785 ) -

Organization (Details Narrative

Organization (Details Narrative) - $ / shares	Jul. 31, 2013	Jul. 31, 2012	Apr. 30, 2008	Jan. 18, 2007
Shares authorized	500,000,000	500,000,000	500,000,000
Stock par value	$ 0.001	$ 0.001	$ 0.001
Capital Stock [Member]
Shares authorized				300,000,000
Stock par value				$ 0.001

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Details Narrative) - shares	12 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Accounting Policies [Abstract]
Common stock equivalents outstanding	116,000,000	116,000,000

Acquisition of Mineral Claims22

Acquisition of Mineral Claims (Details Narrative) - USD ($)	May. 31, 2011	May. 14, 2011	May. 12, 2011	Jan. 16, 2011	Jul. 31, 2011	Jul. 31, 2013	Jul. 31, 2012	Mar. 11, 2007
Payment of initial work program	$ 350,000	$ 50,000	$ 400,000
Net loss of approximately					$ 143,000	$ (164,675)	$ (103,503)
Property And Royalty Agreement [Member] | Peter Osha [Member]
Acquisition of mining property				$ 1,500,000
Percentage of smelter royalty				3.00%
Joint Venture Agreement [Member] | Big Rock Resources Inc [Member]
Ownership interest			50.00%
Payment for the cost of putting the project into production			$ 8,500,000
Transferred its interests in the mining claims to the joint venture with a cost basis			$ 51,734
Cancellaton financing amount							$ 8,500,000
Republic Of Fiji [Member] | Valolo Gold Claim [Member]
Acquisition costs								$ 5,000

Acquisition of Mineral Claims -

Acquisition of Mineral Claims - Payments on Mining Property (Details)		Jul. 31, 2013USD ($)
Total		$ 1,500,000
By or before January 15, 2011 [Member]
Total	[1]	10,000
By or before April 15, 2011 [Member]
Total	[1]	40,000
By or before July 15, 2011 [Member]
Total	[2]	50,000
By or before January 15, 2012 [Member]
Total	[3]	100,000
By or before July 15, 2012 [Member]
Total	[3]	100,000
By or before January 15, 2013 [Member]
Total	[3]	150,000
By or before July 15, 2013 [Member]
Total	[3]	150,000
By or before January 15, 2014 [Member]
Total	[3]	200,000
By or before July 15, 2014 [Member]
Total	[3]	200,000
By or before January 15, 2015 [Member]
Total		250,000
By or before July 15, 2015 [Member]
Total		$ 250,000
[1]	Paid by the Company
[2]	Paid by Lucky 13 Mining Company Ltd.
[3]	Not paid

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	1 Months Ended
	Sep. 30, 2010	Jul. 31, 2013	Jul. 31, 2012
Due to former directors		$ 29,398	$ 27,883
Two Former Directors [Member] | Consulting Agreements [Member]
Former director fees paid per month	$ 1,500

Convertible Notes Payable (Deta

Convertible Notes Payable (Details Narrative) - Jul. 31, 2012 - USD ($)	Total
Accounts Payable [Member]
Debt face amount	$ 40,000
Debt maturity date	Jul. 31, 2013
Debt instrument interest rate	10.00%
Convertible debt conversion price	$ 0.001
Debt discount	$ 40,000
Advances [Member]
Debt face amount	$ 76,000
Debt maturity date	Jul. 31, 2013
Debt instrument interest rate	10.00%
Convertible debt conversion price	$ 0.001
Debt discount	$ 76,000

Note Payable (Details Narrative

Note Payable (Details Narrative) - Promissory Note Agreement [Member] - USD ($)	12 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Notes payable	$ 4,000	$ 17,500
Accrued Interest	$ 4,075	$ 1,750
Interest and principal due date	Sep. 15, 2012

Capital Stock (Details Narrativ

Capital Stock (Details Narrative) - USD ($)	Jun. 14, 2012	Jul. 31, 2013
Changes to captial stock during period
Share Subscription Agreement [Member]
Number of common stock shares issued for cash	80,000
Number of common stock issued for cash	$ 20,000

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	12 Months Ended
	Jul. 31, 2013	Jul. 31, 2012
Income Tax Disclosure [Abstract]
Deferred tax assets, valuation allowance	$ 172,785
Increase in deferred tax assets, valuation allowance	11,815
Unrecognized income tax benefits	0	$ 0
Unrecognized tax benefits income tax interest or penalties	0	0
Unrecognized tax benefits income tax penalties and interest accrued	$ 0	$ 0

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Tax Assets and Change in Valuation Allowance (Details) - Jul. 31, 2013 - USD ($)	Total
Estimated NOL Carry-Forward	$ 508,192
Estimated Tax Benefit from NOL	172,785
Valuation Allowance from NOL Benefit	$ (172,785)
Net Tax Benefit
2007 [Member]
Estimated NOL Carry-Forward	$ 22,659
NOL expires	2,027
Estimated Tax Benefit from NOL	$ 7,704
Valuation Allowance from NOL Benefit	$ (7,704)
Net Tax Benefit
2008 [Member]
Estimated NOL Carry-Forward	$ 57,226
NOL expires	2,028
Estimated Tax Benefit from NOL	$ 19,456
Valuation Allowance from NOL Benefit	$ (19,456)
Net Tax Benefit
2009 [Member]
Estimated NOL Carry-Forward	$ 36,149
NOL expires	2,029
Estimated Tax Benefit from NOL	$ 12,291
Valuation Allowance from NOL Benefit	$ (12,291)
Net Tax Benefit
2010 [Member]
Estimated NOL Carry-Forward	$ 24,511
NOL expires	2,030
Estimated Tax Benefit from NOL	$ 8,334
Valuation Allowance from NOL Benefit	$ (8,334)
Net Tax Benefit
2011 [Member]
Estimated NOL Carry-Forward	$ 229,394
NOL expires	2,031
Estimated Tax Benefit from NOL	$ 77,994
Valuation Allowance from NOL Benefit	$ (77,994)
Net Tax Benefit
2012 [Member]
Estimated NOL Carry-Forward	$ 103,503
NOL expires	2,032
Estimated Tax Benefit from NOL	$ 35,191
Valuation Allowance from NOL Benefit	$ (35,191)
Net Tax Benefit
2013 [Member]
Estimated NOL Carry-Forward	$ 34,750
NOL expires	2,033
Estimated Tax Benefit from NOL	$ 11,815
Valuation Allowance from NOL Benefit	$ (11,815)
Net Tax Benefit

Subsequent Events (Details Narr

Subsequent Events (Details Narrative)	Apr. 06, 2015USD ($)Integershares	Jul. 31, 2013USD ($)	Jul. 31, 2012USD ($)
Promissory note payable		$ 21,500	$ 19,250
Subsequent Event [Member] | Flex Mining Ltd [Member] | Definitive Agreement [Member]
Acquisition of issued and outstanding shares	100.00%
Issuance of restricted shares	$ 2,000,000
Promissory note payable	$ 10,000
Promissory note payable term	6 months
Capital expenditure	$ 1,000,000
Ownership interest	100.00%
Number of claims | Integer	6
Stock reverse splitting	reverse splitting the shares on the basis of one new share for every 200 existing shares
Number of reverse spilt shares | shares	200