American Magna (DAKO) 10-Q 17 Mar 14 2014 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Jan. 31, 2014	Mar. 14, 2014
Document and Entity Information	'	'
Entity Registrant Name	'American Magna Corp	'
Document Type	'10-Q	'
Document Period End Date	31-Jan-14	'
Amendment Flag	'false	'
Entity Central Index Key	'0001401670	'
Current Fiscal Year End Date	'--04-30	'
Entity Common Stock, Shares Outstanding	'	32,295,998
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	'2014	'
Document Fiscal Period Focus	'Q3	'

BALANCE_SHEETS_UNAUDITED

BALANCE SHEETS (UNAUDITED) (USD $)	Jan. 31, 2014	Apr. 30, 2013
Current Assets	'	'
Cash	$92,700	$3,660
Prepaid expenses	2,635	877
Total Current Assets	95,335	4,537
Total Assets	95,335	4,537
Current Liabilities	'	'
Accounts payable and accrued liabilities	5,750	3,820
Related Party Bridge loan and accrued interest payable	116,094	111,950
Total Current Liabilities	121,844	115,770
Stockholders' Equity (Deficit)	'	'
Common Stock, Par Value $0.001 Authorized 100,000,000 shares, 32,295,998 shares Issued and outstanding at January 31, 2014 ( April 30, 2013-2,345,998)	32,296	2,346
Paid-in capital	474,254	204,704
Accumulated deficit	-87,286	-87,286
Stock performance contingency	-120,000	'
Deficit accumulated since inception of exploration stage	-325,773	-230,997
Total Stockholders' Equity (Deficit)	-26,509	-111,233
Total Liabilities and Stockholders' Equity	$95,335	$4,537

BALANCE_SHEETS_PARENTHETICALS_

BALANCE SHEETS PARENTHETICALS (UNAUDITED) (USD $)	Jan. 31, 2014	Apr. 30, 2013
Parentheticals	'	'
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	100,000,000	100,000,000
Common Stock, shares issued	32,295,998	2,345,998
Common Stock, shares outstanding	32,295,998	2,345,998

STATEMENTS_OF_OPERATIONS_Unaud

STATEMENTS OF OPERATIONS (Unaudited) (USD $)	3 Months Ended		9 Months Ended		42 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014
INCOME STATEMENT	'	'	'	'	'
Revenues	$0	$0	$0	$0	$0
Cost of Revenues	0	0	0	0	0
Gross Margin	0	0	0	0	0
Expenses	'	'	'	'	'
Mineral Property Exploration Expenditures	'	628	10,463	8,806	59,589
General and Administrative	34,030	12,102	75,142	31,001	189,191
Mineral property acquisitions payments	0	0	5,000	5,000	60,000
Total Expenses	34,030	12,730	90,605	44,807	308,780
Net Loss from Operations	-34,030	-12,730	-90,605	-44,807	-308,780
Interest Expense	-1,459	-1,364	-4,171	-3,720	-16,121
Write-down of Property and Equipment	0	0	0	0	-872
Net Other Income (Expense)	-1,459	-1,364	-4,171	-3,720	-16,993
Net Loss	($35,489)	($14,094)	($94,776)	($48,527)	($325,773)
Basic and Diluted Loss per Share	$0	($0.01)	($0.01)	($0.02)	$0
Weighted Average Shares Outstanding	32,295,998	2,345,998	18,685,672	2,345,998	0

STATEMENTS_OF_CASH_FLOWS_Unaud

STATEMENTS OF CASH FLOWS (Unaudited) (USD $)	9 Months Ended		42 Months Ended
	Jan. 31, 2014	Jan. 31, 2013	Jan. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES	'	'	'
Net Loss	($94,776)	($48,527)	($325,773)
Adjustments to Reconcile Net Loss to Net Cash Used in Operating Activities	'	'	'
Write-down of Property and Equipment ,	0	0	872
Accrued Interest	4,144	3,720	16,094
Share-based payments	30,000	0	30,000
Change in Operating Assets and Liabilities	'	'	'
(Increase) Decrease in Prepaid Expenses	-1,758	-856	-2,635
Increase (Decrease) in Accounts Payable and Accrued Liabilities	1,930	1,957	-5,463
Net Cash Used in Operating Activities	-60,460	-43,706	-286,905
CASH FLOWS FROM FINANCING ACTIVITIES	'	'	'
Proceeds from Sale of Common Stock	149,500	0	279,500
Proceeds from Bridge Loan Payable	0	20,000	100,000
Net Cash Provided by Financing Activities	149,500	20,000	379,500
Net Increase in Cash and Cash Equivalents	89,040	-23,706	92,595
Cash and Cash Equivalents - Beginning of Year	3,660	36,996	105
Cash and Cash Equivalents at End of Period	92,700	13,290	92,700
SUPPLEMENTAL DISCLOSURE OF CASH INVESTING AND FINANCING ACTIVITIES:	'	'	'
Cash paid during the year for Interest	0	0	0
Cash paid during the year for Income taxes	0	0	0
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'	'
Settlement of Shareholder Loan Payable by a Contribution from a Shareholder	$0	$0	$9,400

NATURE_OF_BUSINESS_AND_OPERATI

NATURE OF BUSINESS AND OPERATIONS	9 Months Ended
	Jan. 31, 2014
NATURE OF BUSINESS AND OPERATIONS	'
NATURE OF BUSINESS AND OPERATIONS	'
	NOTE 1 – NATURE OF BUSINESS AND OPERATIONS
	Organization and Basis of Presentation
	American Magna Corp. (an exploration stage company) (the “Company”) was incorporated under the laws of the State of Florida on October 27, 2006 under the name Coastline Corporate Services, Inc.  The Company was originally established to provide services to public companies requiring guidance and assistance in converting and filing their documents with the U.S. Securities and Exchange Commission (“SEC”).
	On August 18, 2010, Mr. Daulat Nijjar, as the holder of 197,500, or at that time 57.6%, of the issued and outstanding shares of the Company’s common stock, provided the Company with written consent in lieu of a meeting of stockholders authorizing the Company to amend the Company’s Articles of Incorporation for the purpose of changing the name of the Company from Coastline Corporate Services, Inc. to Dakota Gold Corp.  In connection with the change of the Company’s name to Dakota Gold Corp. the Company intended to change its business to mineral resource exploration and move its domicile to Nevada.  In order to undertake the name, business and domicile change, the Company incorporated a wholly-owned subsidiary in Nevada named Dakota Gold Corp. and merged Coastline Corporate Services, Inc. with the new subsidiary.  The Company received final regulatory for the name, business, and domicile change on November 26, 2010 and is now a Nevada corporation.
	On May 21, 2013, Mr. Bobby Nijjar, as the holder of 2,000,000, or at that time 85.3%, of the issued and outstanding shares of the Company’s common stock, provided the Company with written consent in lieu of a meeting of stockholders authorizing the Company to amend the Company’s Articles of Incorporation for the purpose of changing the name of the Company from Dakota Gold Corp. to “American Magna Corp.”  In connection with the change of the Company’s name to American Magna Corp. the Company changed its business from an emphasis on gold exploration to magnesium exploration.  The Company received final regulatory for the name change on July 2, 2013.  In relation to the name and business emphasis changes the Company terminated its Crescent Fault Property and entered into a Property Option Agreement for the Bell Flat Project (note 4).
	The accompanying financial statements have been prepared in U.S. dollars and in accordance with accounting principles generally accepted in the United States on a going concern basis.
	Nature of Operations
	The Company is in the exploration stage and has no products or services as of January 31, 2104.  We are currently an exploration stage company as defined by the SEC and we are in the business of exploring and if warranted, advancing certain unpatented Nevada mineral claims to the discovery point where we believe maximum shareholder returns can be realized.
	Interim Reporting
	The unaudited financial information furnished herein reflects all adjustments, which in the opinion of management are necessary to fairly state the financial position of American Magna Corp. and the results of its operations for the periods presented.  This report on Form 10-Q should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s Form 10-K for the fiscal year ended April 30, 2013.  The Company assumes that the users of the interim financial information herein have read or have access to the audited financial statements for the preceding fiscal year and that the adequacy of additional disclosure needed for a fair presentation may be determined in that context.  Accordingly, footnote disclosure, which would substantially duplicate the disclosure contained in the Company’s Form 10-K for the fiscal year ended April 30, 2013 has been omitted.  The results of operations for the three and nine month periods ended January 31, 2014 are not necessary indicative of results for the entire year ending April 30, 2014 or for any future annual or interim period.

ABILITY_TO_CONTINUE_AS_A_GOING

ABILITY TO CONTINUE AS A GOING CONCERN	9 Months Ended
	Jan. 31, 2014
ABILITY TO CONTINUE AS A GOING CONCERN	'
ABILITY TO CONTINUE AS A GOING CONCERN	'
	NOTE 2 – ABILITY TO CONTINUE AS A GOING CONCERN
	The accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities and commitments in the normal course of business.  As shown in the accompanying financial statements, the Company has incurred a net loss of $325,773 for the period from August 1, 2010 (inception of the exploration stage) to January 31, 2014.  The future of the Company is dependent upon its ability to obtain future financing and upon future profitable operations from the development of its mineral property.  On August 20, 2012 the Company received an additional $20,000 under its related party bridge loan.  On October 18, 2013 the Company closed a public offering of 14,950,000 shares of common stock at $0.01 per share for a total offering price of $149,500. The shares were offered by the Company pursuant to a registration statement on Form S-1 which became effective on March 14, 2013.  The funds from these financings are not sufficient to fund all of the Company’s expected operational requirements of approximately $204,000 for the next twelve months.  Management may seek additional capital that will be required in order to continue to operate in the future.  However, management’s efforts to raise additional funding may not be successful.  The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in the event the Company cannot continue in existence.
	If the Company were unable to continue as a “going concern”, then substantial adjustments would be necessary to the carrying values of assets, the reported amounts of its liabilities, the reported expenses, and the balance sheet classifications used.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Jan. 31, 2014
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Management’s Estimates and Assumptions
	The preparation of financial statements in conformity with generally accepted accounting principles requires the Company’s management to make estimates and assumptions that affect the amounts reported in these financial statements and notes. Significant areas requiring the use of estimates relate to accrued liabilities and the impairment of long-lived assets.  Management believes the estimates utilized in preparing these financial statements are reasonable and prudent and are based on management’s best knowledge of current events and actions the Company may undertake in the future. Actual results could differ significantly from those estimates.
	Cash and Cash Equivalents
	For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.
	Foreign Currency
	The Company’s functional currency is the U.S. dollar and to date has undertaken the majority of its transactions in U.S. dollars. Any transaction gains and losses that may take place will be included in the statement of operations as they occur.
	Concentration of Credit Risk
	The Company has no off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. The Company maintains all of its cash balances with one financial institution in the form of a demand deposit.
	Loss per Share
	Net income (loss) per share is computed by dividing the net income by the weighted average number of shares outstanding during the period. As of January 31, 2014 the Company does not have any outstanding common stock options or warrants.
	Comprehensive Income
	The Company has adopted FASB ASC 220, “Reporting Comprehensive Income”, which establishes standards for reporting and display of comprehensive income, its components and accumulated balances. The Company has disclosed this information on its Statement of Operations. Comprehensive income is comprised of net income (loss) and all changes to capital deficit except those resulting from investments by owners and distribution to owners.
	Property Holding Costs
	Holding costs to maintain a property on a care and maintenance basis are expensed in the period they are incurred. These costs include security and maintenance expenses, lease and claim fees payments, and environmental monitoring and reporting costs.
	Exploration and Development Costs
	Mineral property interests include optioned and acquired mineral development and exploration stage properties. The amount capitalized related to a mineral property interest represents its fair value at the time it was optioned or acquired, either as an individual asset or as a part of a business combination. The value of such assets is primarily driven by the nature and amount of mineralized material believed to be contained in such properties. Exploration costs are expensed as incurred and development costs are capitalized if proven and probable reserves exist and the property is a commercially minable property. Mine development costs incurred either to develop new ore deposits, expand the capacity of operating mines, or to develop mine areas substantially in advance of current production are capitalized. Costs incurred to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates, at least quarterly, the carrying value of capitalized mineral interests costs and related property, plant and equipment costs, if any, to determine if these costs are in excess of their net realizable value and if a permanent impairment needs to be recorded. The periodic evaluation of carrying value of capitalized costs and any related property, plant and equipment costs are based upon expected future cash flows and/or estimated salvage value.
	Income Taxes
	The Company adopted FASB ASC 740, Income Taxes, at its inception deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carryforwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. No deferred tax assets or liabilities were recognized as of January 31, 2014.
	Uncertain Tax Positions
	The Company adopted the provisions of ASC 740-10-50, formerly FIN 48, Accounting for Uncertainty in Income Taxes. The Company had no material unrecognized income tax assets or liabilities for the years ended April 30, 2013 or 2012. The Company’s policy regarding income tax interest and penalties is to expense those items as general and administrative expense but to identify them for tax purposes. During the years ended April 30, 2013 and 2012 there were no income tax or related interest and penalty items in the income statement, or liability on the balance sheet. The Company files income tax returns in the U.S. federal jurisdiction. Tax years 2011 to present remain open to U.S. Federal income tax examination.  The Company is not currently involved in any income tax examinations.
	Fair Value of Financial Instruments
	The book values of cash, prepaid expenses, and accounts payable approximate their respective fair values due to the short-term nature of these instruments. The fair value hierarchy under GAAP distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs). The hierarchy consists of three levels:
		•	Level one — inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities;
		•	Level two — inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals; and
		•	Level three — Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.
	Determining which category an asset or liability falls within the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter.
	New Accounting Pronouncements
	The Company reviews new accounting standards as issued. No new standards had any material effect on these financial statements. The accounting pronouncements issued subsequent to the date of these financial statements that were considered significant by management were evaluated for the potential effect on these financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these financial statements as presented and does not anticipate the need for any future restatement of these financial statements because of the retro-active application of any accounting pronouncements issued subsequent to January 31, 2014 through the date these financial statements were issued.

MINERAL_PROPERTY_INTERESTS

MINERAL PROPERTY INTERESTS	9 Months Ended
	Jan. 31, 2014
MINERAL PROPERTY INTERESTS	'
MINERAL PROPERTY INTERESTS	'
	NOTE 4 – MINERAL PROPERTY INTERESTS
	Bell Flat Project
	On July 19, 2013 the Company executed a property option agreement (the “Agreement”) with Desert Pacific Exploration, Inc. (“DPE”) granting the Company the right to acquire 100% of the mining interests of a Nevada mineral exploration property currently controlled by DPE.  DPE, the owner of the Bell Flat Project, is an affiliate controlled by the wife of the Company’s President and CEO. The property known as the Bell Flat Project is located in Churchill County, Nevada and currently consists of 11 unpatented claims (the “Property”).
	On August 26, 2013 the Company and DPE amended the Agreement to clarify certain provisions of the Agreement.  Annual option payments and minimum annual exploration expenditures under the Agreement are as noted below:
		Property Payments	Work Expenditures
		$	$
	Upon Execution of Agreement	5,000	-
	26-Aug-14	10,000	50,000
	26-Aug-15	15,000	150,000
	26-Aug-16	20,000	200,000
	26-Aug-17	30,000	350,000
	26-Aug-18	40,000	400,000
	26-Aug-19	50,000	450,000
	26-Aug-20	50,000	500,000
	26-Aug-21	50,000	550,000
	26-Aug-22	50,000	600,000
	26-Aug-23	-	750,000
	Totals:	320,000	4,000,000
	In addition to the payment of $5,000 upon execution of the Agreement, the Company is required to reimburse DPE for the 2012 and 2013 claim fees for the Property.  The Company has recorded the initiation payment of $5,000 and the reimbursement of the aggregate 2012 and 2013 claim fees of $3,430 at January 31, 2014.
	Since our payment obligations are non-refundable, if we do not make any payments under the Agreement we will lose any payments made and all our rights to the Property. If all said payments under the Agreement are made, then we will acquire all mining interests in the Property.  If the Company fails to make any payment when due, the Agreement gives the Company a 60-day grace period to pay the amount of the deficiency.  DPE retained a 3% net smelter royalty (“NSR”) of the aggregate proceeds received by the Company from any smelter or other purchaser of any ores, concentrates, metals or other material of commercial value produced from the Property, minus the cost of transportation of the ores, concentrates or metals, including related insurance, and smelting and refining charges, including penalties.
	The Company shall have the one time right exercisable for 90 days following completion of a publicly disclosed  preliminary feasibility study or preliminary economic assessment to buy up to one half (50%) of the DPE’s NSR interest (i.e. an amount equal to 1.5% of the NSR interest) for $3,000,000. The right to purchase the said NSR interest shall be exercised by the Company providing DPE with notice of the purchase accompanied by payment in the amount of $3,000,000.  Upon the completion of the work commitments and option payments and the exercise of the option under the Agreement, DPE is to receive an advance royalty payment of $20,000 per year to be paid in cash. Payment is to be paid within 30 days of completing the terms of the option under the Agreement and any subsequent annual anniversary within the following framework:
	(i) The advance royalty is to be capped at $500,000 in total and shall be deducted from any future royalty obligations under the NSR; and
	(ii) The advance royalty will cease on the commencement of payment by the Company of the NSR royalty to DPE for a period of three consecutive years of production; and
	(iii) The advance royalty will not recommence at any future date once a minimum of three consecutive years of production has been achieved or there has been 25 years without production.
	The Agreement will terminate if the Company fails to comply with any of its obligations under the Agreement and fails to cure such alleged breach within 30 days written notice from DPE.  If the Company gives notice that it denies a default has occurred, the matter shall be determined finally through such means of dispute resolution as such matter has been subjected to by either party. The Agreement provides that all disputes shall be resolved by a sole arbitrator under the rules of the Arbitration Act of Nevada. The Company also has the right to terminate the Agreement by giving 30 days written notice to DPE.
	As part of the Agreement, the Company issued 15,000,000 shares of common stock to DPE subject to a binding escrow agreement (note 6).
	Crescent Fault Property
	On August 17, 2012 the Company executed a property option agreement (the “Agreement”) with MinQuest, Inc. (“MinQuest”) granting the Company the right to acquire 100% of the mining interests of a Nevada mineral exploration property currently controlled by MinQuest.  The Company’s principal executive officer is also a Vice President of MinQuest.  The property known as the Crescent Fault Property is located in Eureka County, Nevada and currently consists of 33 unpatented claims.
	On July 20, 2013, the Company gave notice of termination to MinQuest pursuant to the terms of the Crescent Fault Property Agreement.  The Company has determined that the Crescent Fault Property no longer fits with its business parameters as the Company is changing its exploration emphasis from gold to magnesium.
	As a result of such termination, the Crescent Fault Property has been returned to MinQuest and the Company is responsible to pay all claim fees, payments and expenses in order to maintain the property in good standing until July 2014. The Company has paid these fees of $5,234 at January 31, 2014.

RELATED_PARTY_BRIDGE_LOAN_AND_

RELATED PARTY BRIDGE LOAN AND ACCRUED INTEREST PAYABLE	9 Months Ended
	Jan. 31, 2014
RELATED PARTY BRIDGE LOAN AND ACCRUED INTEREST PAYABLE	'
RELATED PARTY BRIDGE LOAN AND ACCRUED INTEREST PAYABLE	'
	NOTE 5 – RELATED PARTY BRIDGE LOAN AND ACCRUED INTEREST PAYABLE
	On August 20, 2012, the bridge loan in the principal amount of $84,000 accruing interest at 5% per year was extended by the holder.  The previous bridge loan which was due August 20, 2012 was renewed into a new loan of $88,200 plus an additional $20,000 for a total loan amount of $108,200 bearing interest at 5% per year and being due on August 20, 2013.  The unsecured loan may be repaid in its entirety including the outstanding interest earlier than August 20, 2013 as long as the Company advises the lender of such intent to repay 15 days in advance.
	On August 27, 2013, the bridge loan in the principal amount of $108,200 accruing interest at 5% per year was extended by the holder.  The previous bridge loan which was due August 20, 2013 was renewed into a new loan of $113,610 bearing interest at 5% per year and being due on August 20, 2014.  The unsecured loan may be repaid in its entirety including the outstanding interest earlier than August 20, 2014 as long as the Company advises the lender of such intent to repay 15 days in advance.
	At January 31, 2014 the total balance of the loan was $116,094 including aggregate accrued interest.  Total interest expense of $1,459 (2013 - $1,364) has been accrued for the three months ended January 31, 2014 and total interest expense of $4,171 (2013 - $3,720) has been accrued for the nine months ended January 31, 2014.

COMMON_STOCK_TRANSACTIONS

COMMON STOCK TRANSACTIONS	9 Months Ended
	Jan. 31, 2014
COMMON STOCK TRANSACTIONS	'
COMMON STOCK TRANSACTIONS	'
	NOTE 6 - COMMON STOCK TRANSACTIONS
	Escrow Agreement
	As part of its Bell Flat Property Agreement (the “Agreement”) with DPE (note 4) the Company issued 15,000,000 shares of common stock to DPE subject to a binding Escrow Agreement.  Simultaneous with the execution and delivery of the Escrow Agreement the Company and DPE agreed that the stock certificate representing the 15,000,000 shares of common stock (the “Shares”) shall be delivered to the Escrow Agent. The Shares are duly authorized, fully paid and non-assessable and constitute issued and outstanding shares of the Company.
	If, on or before January 2, 2014 the Escrow Agent has received notification from either the Company or DPE that
	(A) the Agreement is terminated, then the Escrow Agent shall return the Shares to the Company for cancellation, or
	(B) the Agreement is in good standing, then 3,000,000 of the Shares shall be released to DPE and the balance of the Shares shall remain in escrow subject to the terms of the Escrow Agreement.
	If, on or before January 2, 2015 the Escrow Agent has have received notification from either the Company or DPE that
	(A) the Agreement is terminated, then the Escrow Agent shall return the remaining Shares to the Company for cancellation, or
	(B) the Agreement is in good standing, then 5,000,000 of the remaining Shares shall be released to DPE and the balance of the Shares shall remain in escrow subject to the terms of the Escrow Agreement.
	If, on or before January 2, 2016 the Escrow Agent has received notification from either the Company or DPE that
	(A) the Agreement is terminated, then the Escrow Agent shall return the remaining Shares to the Company for cancellation, or
	(B) the Agreement is in good standing, then 7,000,000 of the Shares shall be released to DPE.
	During the term of the Escrow Agreement, DPE shall have all rights to vote the Shares, whether such vote is at a shareholders' meeting or by written consent.  The Company has recorded $120,000 as contra equity as a result of the issuance of the Shares.  The valuation of the stock is based on a value of $0.01 per share of common stock.
	Subsequent to January 31, 2014 the Company completed the release of the 3,000,000 shares of common stock that were to be released from escrow on January 2, 2014.  The Company has recognized $30,000 in stock-based compensation for the three months ended January 31, 2014.
	Share Issuances
	On October 18, 2013 the Company closed a public offering of 14,950,000 shares of common stock at $0.01 per share for a total offering price of $149,500.  The shares were offered by the Company pursuant to a registration statement on Form S-1 which became effective on March 14, 2013.  The public offering was fully subscribed to by eleven persons.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Jan. 31, 2014
RELATED PARTY TRANSACTIONS:	'
RELATED PARTY TRANSACTIONS	'
	NOTE 7 – RELATED PARTY TRANSACTIONS
	On July 19, 2013 (as amended on August 26, 2013) the Company entered into the Bell Flat Property Option Agreement (note 4) with DPE.  Herb Duerr, the Company’s Chairman, President, Chief Executive Officer, Chief Operating Officer, Treasurer, and a director is the Vice President of DPE.  Naomi Duerr, Mr. Duerr’s wife is President of and controls DPE.  DPE was issued 15,000,000 shares of restricted common stock of the Company on July 19, 2013 pursuant to the DPE Agreement (note 6).  In connection with his work on behalf of the Company, the Company recorded $11,400 in consulting expenses for Herb Duerr (2013 - $0).
	For the nine-months ended January 31, 2014, the Company paid one of its directors $500 per month to serve on its Board of Directors.  The total amount paid for the nine months ended January 31, 2014 was $4,500 (2013- $6,000).  In the prior period there were two directors being compensated by the Company for a portion of the period.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Jan. 31, 2014
SUBSEQUENT EVENTS:	'
SUBSEQUENT EVENTS	'
	NOTE 8 – SUBSEQUENT EVENTS
	None

Accounting_Policies_Policies

Accounting Policies (Policies)	9 Months Ended
	Jan. 31, 2014
Accounting Policies	'
Management's Estimates and Assumptions	'
	Management’s Estimates and Assumptions
	The preparation of financial statements in conformity with generally accepted accounting principles requires the Company’s management to make estimates and assumptions that affect the amounts reported in these financial statements and notes. Significant areas requiring the use of estimates relate to accrued liabilities and the impairment of long-lived assets.  Management believes the estimates utilized in preparing these financial statements are reasonable and prudent and are based on management’s best knowledge of current events and actions the Company may undertake in the future. Actual results could differ significantly from those estimates.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	For purposes of the statement of cash flows, the Company considers all highly liquid debt instruments purchased with a maturity of three months or less to be cash equivalents to the extent the funds are not being held for investment purposes.
Foreign Currency	'
	Foreign Currency
	The Company’s functional currency is the U.S. dollar and to date has undertaken the majority of its transactions in U.S. dollars. Any transaction gains and losses that may take place will be included in the statement of operations as they occur.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	The Company has no off-balance-sheet concentrations of credit risk such as foreign exchange contracts, options contracts or other foreign hedging arrangements. The Company maintains all of its cash balances with one financial institution in the form of a demand deposit.
Loss per Share	'
	Loss per Share
	Net income (loss) per share is computed by dividing the net income by the weighted average number of shares outstanding during the period. As of January 31, 2014 the Company does not have any outstanding common stock options or warrants.
Comprehensive Income	'
	Comprehensive Income
	The Company has adopted FASB ASC 220, “Reporting Comprehensive Income”, which establishes standards for reporting and display of comprehensive income, its components and accumulated balances. The Company has disclosed this information on its Statement of Operations. Comprehensive income is comprised of net income (loss) and all changes to capital deficit except those resulting from investments by owners and distribution to owners
Property Holding Costs	'
	Property Holding Costs
	Holding costs to maintain a property on a care and maintenance basis are expensed in the period they are incurred. These costs include security and maintenance expenses, lease and claim fees payments, and environmental monitoring and reporting costs.
Exploration and Development Costs	'
	Exploration and Development Costs
	Mineral property interests include optioned and acquired mineral development and exploration stage properties. The amount capitalized related to a mineral property interest represents its fair value at the time it was optioned or acquired, either as an individual asset or as a part of a business combination. The value of such assets is primarily driven by the nature and amount of mineralized material believed to be contained in such properties. Exploration costs are expensed as incurred and development costs are capitalized if proven and probable reserves exist and the property is a commercially minable property. Mine development costs incurred either to develop new ore deposits, expand the capacity of operating mines, or to develop mine areas substantially in advance of current production are capitalized. Costs incurred to maintain assets on a standby basis are charged to operations. Costs of abandoned projects are charged to operations upon abandonment. The Company evaluates, at least quarterly, the carrying value of capitalized mineral interests costs and related property, plant and equipment costs, if any, to determine if these costs are in excess of their net realizable value and if a permanent impairment needs to be recorded. The periodic evaluation of carrying value of capitalized costs and any related property, plant and equipment costs are based upon expected future cash flows and/or estimated salvage value.
Income Taxes Policy	'
	Income Taxes
	The Company adopted FASB ASC 740, Income Taxes, at its inception deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets, including tax loss and credit carryforwards, and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	Deferred income tax expense represents the change during the period in the deferred tax assets and deferred tax liabilities. The components of the deferred tax assets and liabilities are individually classified as current and non-current based on their characteristics. Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized. No deferred tax assets or liabilities were recognized as of January 31, 2014.
Uncertain Tax Positions	'
	Uncertain Tax Positions
	The Company adopted the provisions of ASC 740-10-50, formerly FIN 48, Accounting for Uncertainty in Income Taxes. The Company had no material unrecognized income tax assets or liabilities for the years ended April 30, 2013 or 2012. The Company’s policy regarding income tax interest and penalties is to expense those items as general and administrative expense but to identify them for tax purposes. During the years ended April 30, 2013 and 2012 there were no income tax or related interest and penalty items in the income statement, or liability on the balance sheet. The Company files income tax returns in the U.S. federal jurisdiction. Tax years 2011 to present remain open to U.S. Federal income tax examination.  The Company is not currently involved in any income tax examinations.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	The book values of cash, prepaid expenses, and accounts payable approximate their respective fair values due to the short-term nature of these instruments. The fair value hierarchy under GAAP distinguishes between assumptions based on market data (observable inputs) and an entity’s own assumptions (unobservable inputs). The hierarchy consists of three levels:
		•	Level one — inputs utilize quoted prices (unadjusted) in active markets for identical assets or liabilities;
		•	Level two — inputs are inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly such as interest rates, foreign exchange rates, and yield curves that are observable at commonly quoted intervals; and
		•	Level three — Unobservable inputs developed using estimates and assumptions, which are developed by the reporting entity and reflect those assumptions that a market participant would use.
	Determining which category an asset or liability falls within the hierarchy requires significant judgment. We evaluate our hierarchy disclosures each quarter.
New Accounting Pronouncements	'
	New Accounting Pronouncements
	The Company reviews new accounting standards as issued. No new standards had any material effect on these financial statements. The accounting pronouncements issued subsequent to the date of these financial statements that were considered significant by management were evaluated for the potential effect on these financial statements. Management does not believe any of the subsequent pronouncements will have a material effect on these financial statements as presented and does not anticipate the need for any future restatement of these financial statements because of the retro-active application of any accounting pronouncements issued subsequent to January 31, 2014 through the date these financial statements were issued.

Annual_option_payments_and_min

Annual option payments and minimum annual exploration expenditures (Tables)	9 Months Ended
	Jan. 31, 2014
Annual option payments and minimum annual exploration expenditures	'
Annual option payments and minimum annual exploration expenditures Text Block	'
		Property Payments	Work Expenditures
		$	$
	Upon Execution of Agreement	5,000	-
	26-Aug-14	10,000	50,000
	26-Aug-15	15,000	150,000
	26-Aug-16	20,000	200,000
	26-Aug-17	30,000	350,000
	26-Aug-18	40,000	400,000
	26-Aug-19	50,000	450,000
	26-Aug-20	50,000	500,000
	26-Aug-21	50,000	550,000
	26-Aug-22	50,000	600,000
	26-Aug-23	-	750,000
	Totals:	320,000	4,000,000

Organization_and_Basis_of_Pres

Organization and Basis of Presentation (Details)	21-May-13	Aug. 18, 2010
Organization and Basis of Presentation	'	'
Mr. Daulat Nijjar holder of 57.6% of the issued and outstanding shares	0	197,500
Mr. Bobby Nijjar holder of 85.3% of the issued and outstanding shares	2,000,000	0

ABILITY_TO_CONTINUE_AND_GOING_

ABILITY TO CONTINUE AND GOING CONCERN: (DETAILS) (USD $)	Jan. 31, 2014	Oct. 18, 2013	Aug. 20, 2012	Sep. 01, 2011
ABILITY TO CONTINUE AND GOING CONCERN	'	'	'	'
Incurred a net loss	$325,773	'	'	'
Company issued common shares	'	'	'	2,000,000
Common shares per share value	'	$0.01	'	$0.05
Total offering price	'	'	'	100,000
Company Received additional Related party Bridge loan	'	'	20,000	'
Company Expected operational requirement	'	'	116,000	'
Shares of common stock issued under public offering	'	14,950,000	'	'
Shares of common stock issued under public offering for a total offering price	'	149,500	'	'
Company's expected operational requirements for the next twelve months	$204,000	'	'	'

MINERAL_PROPERTY_INTERESTS_Cre

MINERAL PROPERTY INTERESTS Crescent Fault Property (Details) (USD $)	Jan. 31, 2014	Aug. 17, 2012
MINERAL PROPERTY INTERESTS Crescent Fault Property	'	'
Company has right to acquire percentage of mining interest	'	100.00%
The Company has paid all claim fees, payments and expenses in order to maintain the property in good standing	$5,234	'
The property known as the Crescent Fault Property consists of number of unpatented claims	'	33

MINERAL_PROPERTY_INTERESTS_Bel

MINERAL PROPERTY INTERESTS Bell Flat Project (Details) (USD $)	Jan. 31, 2014	Jul. 19, 2013
MINERAL PROPERTY INTERESTS Bell Flat Project	'	'
Right to Acquire Percent of the mining interests	'	100.00%
DPE was issued shares of restricted common stock of the Company subject to a binding escrow agreement	'	15,000,000
Company grace days	'	60
DPE retained a royalty of the aggregate proceeds	'	3.00%
Paid MinQuest upon execution of the Agreement	'	$5,000
Initial feasibility study to buy up to one half	'	50.00%
One time right exercisable for days	'	90
Completion of a bankable feasibility study to buy up to percent of DPE's NSR interest	'	3,000,000
Purchase accompanied by payment in the amount	'	3,000,000
Advance royalty payment in cash	'	20,000
Company has recorded reimbursement of the aggregate 2012 and 2013 claim fees	3,430	'
The advance royalty is to be capped at an amount in total and shall be deducted from any future royalty obligations under the NSR	$500,000	'

Option_payments_and_annual_min

Option payments and annual minimum exploration expenditures (Details) (USD $)	Jan. 31, 2014	Apr. 30, 2013
Property Payments	'	'
Balance of annual expenditures	'	$0
Balance of annual expenditures	'	0
Annual expenditures Upon Execution of the Agreement	5,000	'
Annual expenditures By August 26, 2014	10,000	'
Annual expenditures By August 26, 2015	15,000	'
Annual expenditures By August 26, 2016	20,000	'
Annual expenditures By August 26, 2017	30,000	'
Annual expenditures By August 26, 2018	40,000	'
Annual expenditures By August 26, 2019	50,000	'
Annual expenditures By August 26, 2020	50,000	'
Annual expenditures By August 26, 2021	50,000	'
Annual expenditures By August 26, 2022	50,000	'
Annual expenditures By August 26, 2023	0	'
Totals of Annual expenditures	320,000	'
Balance of annual expenditures;	0	'
Work Expenditures	'	'
Balance of annual expenditures	'	0
Balance of annual expenditures	'	0
Annual expenditures By August 26, 2014	50,000	'
Annual expenditures By August 26, 2015	150,000	'
Annual expenditures By August 26, 2016	200,000	'
Annual expenditures By August 26, 2017	350,000	'
Annual expenditures By August 26, 2018	400,000	'
Annual expenditures By August 26, 2019	450,000	'
Annual expenditures By August 26, 2020	500,000	'
Annual expenditures By August 26, 2021	550,000	'
Annual expenditures By August 26, 2022	600,000	'
Annual expenditures By August 26, 2023	750,000	'
Totals of Annual expenditures	4,000,000	'
Balance of annual expenditures;	$0	'

Escrow_Agreement_issues_Detail

Escrow Agreement issues (Details) (USD $)	Jan. 02, 2016	Jan. 02, 2015	Jan. 31, 2014	Jan. 02, 2014
Escrow Agreement	'	'	'	'
Number of shares of common stock issued to DPE to a binding Escrow Agreement	'	'	15,000,000	'
Number of shares to be released to DPE subject to the terms of the Escrow Agreement	7,000,000	5,000,000	'	3,000,000
Amount of contra equity recorded	'	'	$120,000	'
Value per share recorded	'	'	$0.01	'
Company completed the release of the shares of common stock that were to be released from escrow	'	'	'	3,000,000
Company has recognized in stock-based compensation	'	'	$30,000	'

Bridge_loan_agreement_DETAILS

Bridge loan agreement (DETAILS) (USD $)	Jan. 31, 2014	Aug. 27, 2013	Aug. 20, 2013	Jan. 31, 2013	Aug. 20, 2012
BRIDGE LOAN AGREEMENT:	'	'	'	'	'
Bridge loan principal amount	'	$108,200	'	'	$84,000
Interest per year extended	'	5.00%	'	'	5.00%
Renewed into a new loan	'	'	113,610	'	88,200
New loan plus an additional	'	'	'	'	20,000
Total loan amount	'	'	'	'	108,200
Total loan amount bearing interest	'	'	5.00%	'	5.00%
Total Balance loan amt	116,094	'	'	'	'
Total interest expense accrued for the three months ended January 31, 2014	1,459	'	'	1,364	'
Total interest expense accrued for the nine months ended January 31, 2014	$4,171	'	'	$3,720	'

Share_Issuances_Details

Share Issuances (Details) (USD $)	Oct. 18, 2013
Share Issuances	'
Company closed a public offering of shares of common stock	14,950,000
Per sahre value of public offering of shares of common stock	$0.01
Company closed a public offering of common stock for a total price	$149,500

Related_party_transactions_DET

Related party transactions (DETAILS) (USD $)	Jan. 31, 2014	Jul. 19, 2013	Jan. 31, 2013
RELATED PARTY TRANSACTIONS {1}	'	'	'
Company entered into the Bell Flat Property Option Agreement with DPE and issued shares of restricted common stock of the Company	'	15,000,000	'
Company recorded in consulting expenses for Herb Duerr	$11,400	'	$0

Related_party_payments_DETAILS

Related party payments (DETAILS) (USD $)	9 Months Ended
	Jan. 31, 2014	Jan. 31, 2013
Related party payments	'	'
Company paid to one of its directors per month to serve on its Board of Directors	$500	'
Total amount paid to directors for the period	$4,500	$6,000