Mining Global (MNGG) 10-K22 Nov 132012 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Aug. 31, 2012	Nov. 20, 2013	Aug. 31, 2013
Document And Entity Information	'	'	'
Entity Registrant Name	'YATERRA VENTURES CORP.	'	'
Entity Central Index Key	'0001406588	'	'
Amendment Flag	'false	'	'
Document Fiscal Year Focus	'2012	'	'
Current Fiscal Year End Date	'--08-31	'	'
Document Fiscal Period Focus	'FY	'	'
Is Entity a Well-known Seasoned Issuer?	'No	'	'
Is Entity a Voluntary Filer?	'No	'	'
Is Entity's Reporting Status Current?	'No	'	'
Document Period End Date	31-Aug-12	'	'
Document Type	'10-K	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Common Stock, Shares Outstanding	'	1,588,288,119	'
Public Float	'	'	$296,497

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Aug. 31, 2012	Aug. 31, 2011
Current Assets:	'	'
Deposits	$25,000	'
Prepaid expense and other current assets	12,500	360
Total Current Assets	37,500	360
Total Assets	37,500	360
Current Liabilities:	'	'
Accounts payable and accrued liabilities	224,610	208,274
Amounts payable to related parties	125,250	'
Accrued Interest	3,797	70
Accrued Interest on related party notes	3,797	70
Debt	161,589	233,680
Related party debt	23,544	7,086
Related party convertible debt, net of unamortized discounts of $18,750 and $0	6,250	'
Convertible debt, net of unamortized discounts of $64,739 and $0	1,096,026	'
Derivative Liability	1,559,517	'
Total Current Liabilities	3,372,585	485,367
STOCKHOLDERS' DEFICIT	'	'
Preferred stock, $0.001 par value, 100,000,000 shares authorized, 14,130,000 and 1,630,000 shares issued and outstanding	'	'
Common stock, $0.001 par value, 100,000,000 shares authorized, 35,706,097 and 1,630,000 shares issued and outstanding, respectively	35,706	1,630
Additional paid-in capital	2,027,393	189,370
Deficit accumulated during the exploration stage	-5,398,184	-676,007
Total Stockholders' Deficit	-3,335,085	-485,007
Total Liabilities and Stockholders' Deficit	$37,500	$360

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Aug. 31, 2012	Aug. 31, 2011
In Thousands, except Share data, unless otherwise specified	Aug. 31, 2012	Aug. 31, 2011
Consolidated Balance Sheets Parenthetical	'	'
Preferred Stock, Par Value Per Share	$0.00	$0.00
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Issued	0	0
Preferred Stock, Shares Outstanding	0	0
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	35,706,097	1,630,000
Common Stock, Shares, Outstanding	35,706,097	1,630,000
Convertible debt to related parties, net discount	$18,750	$0
Convertible debt, net discount	$64,739	$0

CONSOLIDATED_STATEMENTS_OF_EXE

CONSOLIDATED STATEMENTS OF EXEPENSES (USD $)	12 Months Ended		69 Months Ended
CONSOLIDATED STATEMENTS OF EXEPENSES (USD $)	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2012
Operating Expenses	'	'	'
Selling, general, and administrative	$14,483	$27,344	$112,641
Mineral property costs	7,474	11,333	60,414
Professional fees and compensation	1,224,270	111,663	1,679,918
Depreciation and amortization expense	'	98	1,086
Impairment of mineral property	'	25,369	25,369
Total Operating Expenses	1,246,227	175,807	1,879,428
Other Expense	'	'	'
Loss on change in fair value of derivative liabilities	-430,591	'	-430,591
Interest expense	-1,262,311	-25,381	-1,305,117
Loss on extinguishment of debt	-1,783,048	'	-1,783,048
Total Other Expenses	-3,475,950	-25,381	-3,518,756
Net Loss	($4,722,177)	($201,188)	($5,398,184)
Net Loss Per Share - Basic and Diluted	($0.59)	($0.12)	'
Weighted Average Number of Common Shares Outstanding - Basic and Diluted	7,981,849	1,630,000	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended		69 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2012
Cash Flows from Operating Activities	'	'	'
Net loss for the period:	($4,722,177)	($201,188)	($5,398,184)
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'
Amortization of debt discounts	1,103,164	'	1,103,164
Depreciation	'	98	1,086
Loss on change in fair value of derivatives	430,591	'	430,591
Loss on extinguishment of debt	-1,783,048	'	1,783,049
Accrued performance stock compensation	41,574	'	41,574
Stock-based compensation	965,706	'	965,706
Impairment of mineral property	'	25,369	25,369
Changes in operating assets and liabilities:	'	'	'
Prepaid expenses and other current assets	-12,140	-360	-12,402
Accounts payable	142,278	83,549	352,941
Amounts payable to related parties	128,977	70	159,547
Net cash used in operating activities	-138,979	-92,462	-547,560
Cash Flows from Investing Activities	'	'	'
Mineral property acquisition costs	'	-1,007	-22,000
Computer equipment	'	'	-1,184
Net cash used in investing activities	'	-1,007	-23,184
Cash Flows from Financing Activities	'	'	'
Proceeds for the sale of stock	'	'	191,000
Proceeds from convertible debt	110,500	'	110,500
Proceeds from convertible debt	25,000	'	25,000
Proceeds from debt	6,239	88,086	241,672
Borrowings on related party debt	26,117	7,194	33,311
Payments on debt	-10,830	-1,754	-12,584
Payments for foreign exchange rates	-8,388	'	-8,388
Payments on short term related party debt	-9,659	-108	-9,767
Net cash provided by financing activities	138,979	93,418	570,743
Net Increase (Decrease) In Cash	'	-51	'
Cash at the beginning of the period	'	51	'
Cash at the end of the period	'	'	'
Supplemental Disclosures of Cash Flow Information	'	'	'
Cash paid during the period for Interest	'	'	'
Cash paid during the period for Income taxes	'	'	'
Non-Cash Investing and Financing Activities	'	'	'
Acquisition of Pure Spectrum Oil, Inc.	1,035,068	'	1,035,068
Conversion of debt into stock	30,000	'	30,000
Conversion of debt into stock	37,500	'	37,500
Reclass of derivative to APIC from debt conversion	49,339	'	49,339
Debt discounts due to Derivative's	$1,178,265	'	$1,178,265

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (DEFICIT) (USD $)	Common Stock	Additional Paid-In Capital	Deficit Accumulated During the Exploration Stage	Total
Beginning Balance, Amount at Nov. 19, 2006	'	'	'	'
Shares issued for cash at $0.01, Shares	900,000	'	'	'
Shares issued for cash at $0.01, Amount	$900	$8,100	'	$9,000
Shares issued for cash at $0.20, Shares	610,000	'	'	'
Shares issued for cash at $0.20, Amount	610	121,390	'	122,000
Net loss	'	'	-30,468	-30,468
Ending Balance, Amount at Aug. 31, 2007	1,510	129,490	-30,468	100,532
Ending Balance, Shares at Aug. 31, 2007	1,510,000	'	'	'
Net loss	'	'	-105,613	-105,613
Ending Balance, Amount at Aug. 31, 2008	1,510	129,490	-136,081	-5,081
Ending Balance, Shares at Aug. 31, 2008	1,510,000	'	'	'
Shares issued for cash at $0.50, Shares	120,000	'	'	'
Shares issued for cash at $0.50, Amount	120	59,880	'	60,000
Net loss	'	'	-187,754	-187,754
Ending Balance, Amount at Aug. 31, 2009	1,630	189,370	-323,835	-132,835
Ending Balance, Shares at Aug. 31, 2009	1,630,000	'	'	'
Net loss	'	'	-150,984	-150,984
Ending Balance, Amount at Aug. 31, 2010	1,630	189,370	-474,819	-283,819
Ending Balance, Shares at Aug. 31, 2010	1,630,000	'	'	'
Net loss	'	'	-201,188	-201,188
Ending Balance, Amount at Aug. 31, 2011	1,630	189,370	-676,007	-485,007
Ending Balance, Shares at Aug. 31, 2011	1,630,000	'	'	'
Accrued preferred stock compensation	'	41,574	'	41,574
Stock issued in acquisition of PS Oil, Shares	4,000,000	'	'	'
Stock issued in acquisition of PS Oil, Amount	4,000	-1,039,068	'	-1,035,068
Shares issued for debt conversion, Shares	750,000	'	'	'
Shares issued for debt conversion, Amount	750	36,750	'	37,500
Stock issued for extinguishment of debt, Shares	17,426,097	'	'	'
Stock issued for extinguishment of debt, Amount	17,426	1,795,622	'	1,813,048
Shares issued for services, Shares	11,900,000	'	'	'
Shares issued for services, Amount	11,900	953,806	'	965,706
Reclass of Derivative to APIC	'	49,339	'	49,339
Net loss	'	'	-4,722,177	-4,722,177
Ending Balance, Amount at Aug. 31, 2012	$35,706	$2,027,393	($5,398,184)	($3,335,085)
Ending Balance, Shares at Aug. 31, 2012	35,706,097	'	'	'

NATURE_OF_OPERATIONS_AND_GOING

NATURE OF OPERATIONS AND GOING CONCERN	12 Months Ended
NATURE OF OPERATIONS AND GOING CONCERN	Aug. 31, 2012
Notes to Financial Statements	'
Note 1. NATURE OF OPERATIONS AND GOING CONCERN	'
	Organization and Acquisition

	Yaterra Ventures Corp. (“the Company”) was incorporated in Nevada on November 20, 2006. On May 21, 2012, the Company acquired 100% of Pure Spectrum Oil, Inc., a company incorporated in Nevada in exchange for 4,000,000 common shares. In connection with the acquisition, the Company acquired a deposit of $25,000 and assumed accounts payable of $9,803 and convertible notes payable of $1,050,265. As a result of the acquisition of the Pure Spectrum Oil shares, the Company is planning to go into the business of oil and gas exploration.

	The Company and Pure Spectrum Oil were under common control as of the date of the acquisition. On December 5, 2011, Cedric Atkinson (the Chief Executive Officer of the Company) acquired control of Pure Spectrum, Inc. (the parent of Pure Spectrum Oil) through the acquisition of Series B voting preferred stock in Pure Spectrum, Inc. The acquisition of these Series B preferred shares provided Cedric Atkinson with majority ownership in Pure Spectrum, Inc. In addition, on March 2, 2012, Cedric Atkinson obtained control of Yaterra Ventures, Corp. through the purchase of 900,000 common shares from the previous owner of the Company. Accordingly, for accounting purposes, the acquisition of Pure Spectrum is being accounted for at historical carrying values. The Chief Executive Officer and controlling shareholder of the Company is also the Chief Executive Officer and controlling shareholder of Pure Spectrum. Transfers or exchanges of equity instruments between entities under common control are recorded at the carrying amount of the transferring entity at the date of transfer with no goodwill or other intangible assets recognized. Our consolidated financial statements and reported results of operations reflect the Pure Spectrum Oil carryover values, and our reported results of operations and stockholders’ equity have been retroactively restated for all periods presented to reflect the operations of Pure Spectrum Oil and the Company as if the acquisition had occurred on March 2, 2012, the date the Company and Pure Spectrum Oil commenced common control. All intercompany accounts and balances have been eliminated in consolidation.

	Exploration Stage Activities

	The Company was formed for the purpose of acquiring exploration and development stage natural resource properties. The Company has not commenced business operations. The Company is an exploration stage company in accordance with FASB ASC 915, Development Stage Entities.

	Going Concern

	The accompanying consolidated financial statements have been prepared assuming the Company will continue as a going concern. As shown in the accompanying financial statements, the Company has incurred net losses of $5,398,184 for the period from November 20, 2006 (inception) to August 31, 2012 and has not yet generated revenue. In addition, the company has a working capital deficit and an accumulated deficit as of August 31, 2012. These factors raise substantial doubt about the Company’s ability to continue as a going concern. The future of the Company is dependent upon its ability to obtain financing and upon future profitable operations from the development of its natural resource properties. Management has plans to seek additional capital through a private placement and public offering of its common stock. 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.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Aug. 31, 2012

Notes to Financial Statements

Note 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

a.) Basis of Presentation

These consolidated financial statements and notes are presented in accordance with accounting principles generally accepted in the United States.

b.) Principles of Consolidation

The Company’s consolidated financial statements include the assets, liabilities and operating results of its wholly owned subsidiary. The Company does not hold significant variable interests in any variable interest entities. All significant intercompany accounts, ownership and transactions have been eliminated.

c.) Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in the principal or most advantageous market. The Company uses a three-tier fair value hierarchy which prioritizes the inputs in measuring fair value as follows:

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions

The Company determined the fair value of its derivative liabilities related to conversion options in outstanding debt using Level 3 inputs.

The following table summarizes assets and liabilities measured at fair value on a recurring basis as of August 31, 2012:

Quoted Prices in

Significant

Active Markets for

Other

Significant

Identical Assets and

Observable

Unobservable

Balance as of

Liabilities

Inputs

August 31,

Description

(Level 1)

(Level 2)

(Level 3)

2012

Liabilities:

Derivative financial instruments

1,559,517

There were no assets and liabilities measured at fair value on a recurring basis as of August 31, 2011.

The following table provides a summary of the changes in fair value, including net transfers in and/or out of Level 3, of the derivative liabilities measured at fair value under level 3 on a recurring basis using significant unobservable inputs during the year ended August 31, 2012:

Fair value at August 31, 2011

Additions during the period

1,551,642

Resolution of derivative liabilities

(49,339

)

Change in the fair value

57,214

Fair value at August 31, 2012

1,559,517

d.) Cash and Cash Equivalents

Cash consists of cash on deposit with high quality major financial institutions, and to date has not experienced losses on any of its balances. The carrying amounts approximate fair market value due to the liquidity of these deposits.

e.) Basic and Diluted Loss Per Share

Basic loss per common share is computed by dividing net loss available to common stockholders by the weighted average number of common shares outstanding. Diluted loss per common share is computed similar to basic loss per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. At August 31, 2012 and 2011, the Company has no common stock equivalents that were anti-dilutive and excluded in the earnings per share computation.

f.) Income Taxes

Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has adopted ASC 740, “Accounting for Income Taxes ”, as of its inception. Pursuant to ASC 740 the Company is required to compute tax asset benefits for net operating losses carried forward. The potential benefits of net operating losses have not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the net operating losses carried forward in future years.

g.) Use of Estimates

The preparation of financial statements, in conformity with generally accepted accounting principles, requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying disclosures. Actual results may differ from the estimates.

h.) Long Lived Assets

Long-lived assets, including mineral properties, are evaluated for impairment whenever events or conditions indicate that the carrying value of an asset may not be recoverable. If the sum of the expected undiscounted cash flows is less than the carrying value of the related asset or group of assets, a loss is recognized for the difference between the fair value and carrying value of the asset or group of assets. During the year ended August 31, 2011, the Company fully impaired its mineral properties.

i.) Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation.

j.) Recent Accounting Pronouncements

The adoption of recently issued accounting pronouncements are not expected to have a material effect on the Company's future reported financial position or results of operations.

CORRECTION_OF_PRIOR_YEAR_INFOR

CORRECTION OF PRIOR YEAR INFORMATION	12 Months Ended
CORRECTION OF PRIOR YEAR INFORMATION	Aug. 31, 2012
Notes to Financial Statements	'
Note 3. CORRECTION OF PRIOR YEAR INFORMATION	'
	During September 2013, we identified errors in the previously reported financial statements for the year ended August 31, 2011. We determined that the mineral property rights were impaired as of August 31, 2011. Further, we identified errors in the classification of certain assets and liabilities. This resulted in adjustments to the previously reported amounts in the consolidated financial statements for the year ended August 31, 2011.

	In accordance with the SEC's Staff Accounting Bulletin Nos. 99 and 108 (SAB 99 and SAB 108), the Company evaluated these errors and, based on an analysis of quantitative and qualitative factors, determined that the error was immaterial to each of the prior reporting periods affected. However, if the adjustments to correct the cumulative effect of the above error had been recorded in the year ended August 31, 2012, the Company believes the impact would have been significant and would impact comparisons to prior periods. Therefore, as permitted by SAB 108, the Company corrected, in the current filing, previously reported results for the year ended August 31, 2011.

	The following table presents the comparative effect of the correction of prior year information and the impact on the Company’s consolidated financial statements for the year ended August 31, 2011:

		31-Aug-11
		As Reported			Adjustments			As Amended
	Consolidated Balance Sheet
	Assets
	Current Assets:
	Prepaid expense	$	360		$	-		$	360
	Mineral property acquisition costs		22,000			(22,000	)		-
	Liabilities and Stockholders’ Deficit
	Current Liabilities:
	Excess of checks issued over funds on deposit		693			(693	)		-
	Accounts payable and accrued liabilities		160,548			47,726			208,274
	Accrued interest		-			36,257			36,257
	Accrued interest on related party notes		47,033			(46,963	)		70
	Debt		267,500			(33,820	)		233,680
	Related party debt		9,593			(2,507	)		7,086
	Stockholders’ Deficit:
	Deficit accumulated during the exploration stage		(654,007	)		(22,000	)		(676,007	)

	Consolidated Statement of Expenses
	Operating Expenses:
	Impairment of mineral property		3,369			22,000			25,369
	Net loss		(179,188	)		(22,000	)		(201,188	)

	Consolidated Statement of Cash Flows
	Cash flows from operating activities:
	Net loss		(179,188	)		(22,000	)		(201,188	)
	Adjustments to reconcile net loss to net cash used in operating activities:
	Impairment of mineral property		3,369			22,000			25,369
	Interest accrued on promissory notes		22,570			(22,570	)		-
	Changes in operating assets and liabilities:
	Accounts payable and accrued liabilities		43,809			39,740			83,549
	Accounts payable and accrued liabilities to related parties		16,533			(16,463	)		70
	Prepaid expenses and other current assets		(360	)		-			(360	)
	Net cash (used in) provided by operating activities		(93,169	)		707			(92,462	)

	Cash flows from financing activities:
	Proceeds from debt		83,946			4,140			88,086
	Proceeds from related party debt		12,083			(4,889	)		7,194
	Payments on debt		-			(1,754	)		(1,754	)
	Payments on related party debt		(2,597	)		2,489			(108	)
	Net cash provided by (used in) financing activities	$	93,432		$	(14	)	$	93,418

MINERAL_PROPERTIES

MINERAL PROPERTIES	12 Months Ended
MINERAL PROPERTIES	Aug. 31, 2012
Notes to Financial Statements	'
Note 4. MINERAL PROPERTIES	'
	During the period ended August 31, 2007, the Company acquired an undivided 100% interest in a mineral claim (known as the “Minnie Lode Claims”) located in the Leecher Creek Mining District, Okanogan County, Washington, for $6,000.

	During the year ended August 31, 2009, the Company acquired an undivided interest in a series of ten mineral claims (collectively referred to as the “Blue Jack Claims”) located in Humboldt County, Nevada, for $16,000.

	On July 14, 2009, the Company acquired an undivided 60% interest in a mineral claim (known as the “Frances” claim) situated in the Vancouver Mining District, British Columbia, Canada, for $500.

	During the year ended August 31, 2011, the Company abandoned and fully impaired all mineral properties. Aggregate impairment expense for the year was $25,369.

DEPOSIT

DEPOSIT	12 Months Ended
DEPOSIT	Aug. 31, 2012
Notes to Financial Statements	'
Note 5. DEPOSIT	'
Note 5. DEPOSIT	As part of the acquisition of Pure Spectrum Oil, the Company acquired a deposit of $25,000 with the Railroad Commission of Texas for the right to acquire and hold drilling permits in the state.

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
RELATED PARTY TRANSACTIONS	Aug. 31, 2012
Notes to Financial Statements	'
Note 6. RELATED PARTY TRANSACTIONS	'
	During the years ended August 31, 2012 and 2011, the Company entered into promissory note agreements, whereby it borrowed $26,117 and $7,194, respectively from related parties (current and former directors). The Company repaid $9,659 and $108 on these noted during the years ended August 31, 2012 and 2011, respectively. These notes bear interest at 10% per annum, are unsecured and are payable on demand. As of August 31, 2012 and 2011 outstanding balance under these notes was $23,544 and $7,086, respectively. As of August 31, 2012 and 2011, a total of $3,797 and $70, respectively has been accrued as interest on the notes.

	During the year ended August 31, 2012, the Company issued convertible notes to a single related party (former director) for $25,000. The notes are unsecured, bear interest at 10% per annum and mature on December 31, 2014. The notes are convertible into common stock at 75% of the average quoted price for the 10 days preceding conversion. The notes qualify as derivative liabilities and are accounted for as such (see Note 10). A total of $1,689 has been accrued as interest on the notes as of August 31, 2012.

	During the year ended August 31, 2012 and 2011, the Company accrued management fees for services performed in the amount of $125,250 and $0, respectively. Additionally during the years ended August 31, 2012 and 2011, the Company paid $38,470 and $6,310, respectively in management fees for services performed by Directors.

DEBT

DEBT	12 Months Ended
DEBT	Aug. 31, 2012
Notes to Financial Statements	'
Note 7. DEBT	'
Note 7. DEBT	During the years ended August 31, 2012 and 2011, the Company entered into promissory note agreements, whereby it borrowed an aggregate of $6,239 and $88,086, respectively. The company had outstanding debt of $147,348 as of August 31, 2010. The Company repaid an aggregate of $10,830 and $1,754 on these noted during the years ended August 31, 2012 and 2011, respectively. These notes bear interest between 10% and 12% per annum, are unsecured and are payable between on demand and July 13, 2013. As of August 31, 2012 and 2011, the aggregate outstanding balance under these notes was $161,589 and $233,680, respectively. As of August 31, 2012 and 2011, a total of $57,916 and $36,257, respectively has been accrued as interest on the notes. During the year ended August 31, 2012, the Company issued an aggregate of 17,426,097 common shares to repay $30,000 of these notes resulting in a loss on the extinguishment of debt of $1,783,048 (see Note 8).

STOCKHOLDERS_EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
STOCKHOLDERS' EQUITY	Aug. 31, 2012
Stockholders Equity	'
Note 8. STOCKHOLDERS' EQUITY	'
	During the year ended August 31, 2007, the Company issued 900,000 founder shares at $0.01 for gross proceeds of $9,000 and the Company issued 610,000 common shares at $0.20 per share for gross proceeds of $122,000.

	During the year ended August 31, 2009, the Company issued 120,000 common shares at $0.50 for gross proceeds of $60,000.

	On May 21, 2012, the Company issued, in advance, 10,000,000 common shares to the CEO of the company (see Note 9). The shares vest 2,000,000 per annum over a 5 year term. The fair value of the grant was determined to be $281,008 and $15,706 was recognized as stock-based compensation during the year ended August 31, 2012. The remaining $265,302 will be expensed over the remaining vesting period.

	On June 6, 2012, the Company issued 1,900,000 common shares for consulting services valued at $950,000. These services were provided as of August 31, 2012 and the total fair value is recognized as stock-based compensation during the year ended August 31, 2012.

	On May 21, 2012, the Company issued 4,000,000 common shares for the acquisition of Pure Spectrum Oil, Inc. (see Note 1). The shares were valued at the carryover value of the net liabilities assumed of $1,035,068 which consisted of a deposit of $25,000, accounts payable of $9,803 and notes payable of $1,050,265.

	Between June and August, 2012, the Company issued 17,426,097 common shares for the settlement of $30,000 in debt. The fair value of the shares was determined to be $1,813,048 resulting in a loss on extinguishment of debt of $1,783,048 during the year ended August 31, 2012.

	During June 2012, the Company issued 750,000 shares for the conversion of $37,500 convertible note payables (see Note 10).

COMMITMENTS_AND_CONTRACTUAL_OB

COMMITMENTS AND CONTRACTUAL OBLIGATIONS	12 Months Ended
COMMITMENTS AND CONTRACTUAL OBLIGATIONS	Aug. 31, 2012
Notes to Financial Statements	'
Note 9. COMMITMENTS AND CONTRACTUAL OBLIGATIONS	'
	On May 15, 2012, the Company reserved 1,000,000 Series A Preferred Shares to be held in escrow and to be issued to the new CEO after the closing of the Pure Spectrum Oil purchase and the completion of a 2 year term. The fair value of the grant was determined to be $281,008 and is being expensed over the vesting period of 2 years. The Company has accrued $41,574 in preferred stock-based compensation related to this award as of August 31, 2012. The remaining $239,434 will be recognized over the remaining vesting period.

	Additionally, on May 15, 2012, the Company approved executive compensation shares to be issued to one director. The director will be paid 20,000 common shares for each fiscal quarter in which the Company’s Form 10Q is timely filed and 15,000 shares for each fiscal quarter in which the Company’s Form 10Q is filed after an extension is filed. As of August 31, 2012, no shares have been earned under these agreements.

	On May 21, 2012, the Company entered into a five year employment agreement, effective May 1, 2012, with Cedric Atkinson to serve as its CEO for compensation of a cash payment of $20,000 per month and the issuance on the effective date of the agreement of 10,000,000 common shares which will vest 2,000,000 shares per annum upon completion of each 12 months term of service. The fair value of the grant was determined to be $281,008 of which $15,706 was recognized as stock-based compensation during the year ended August 31, 2012. The remaining $265,302 will be expensed over the remaining vesting period.

CONVERTIBLE_DEBT_AND_DERIVATIV

CONVERTIBLE DEBT AND DERIVATIVE LIABILITIES	12 Months Ended
CONVERTIBLE DEBT AND DERIVATIVE LIABILITIES	Aug. 31, 2012
Notes to Financial Statements	'
Note 10. CONVERTIBLE DEBT AND DERIVATIVE LIABILITIES	'
	During the year ended August 31, 2012, the Company borrowed an aggregate of $135,500 under convertible notes (including $25,000 borrowed under related party convertible notes) and assumed an aggregate of $1,050,265 under convertible notes in the acquisition of Pure Spectrum Oil. The notes are unsecured, bear interest between 8% and 36% per annum and mature between May 21, 2012 and December 31, 2014. The notes are convertible into common stock at 75% of the average quoted price for the 10 days preceding conversion. During the year ended August 31, 2012, the Company made cash payments of $8,388 on these notes and issued an aggregate of 750,000 common shares for the conversion of $37,500 of convertible debt. As of August 31, 2012, the Company has accrued interest of $114,086 on these third party notes and $1,689 on the related party convertible notes.

	The Company evaluated the notes under ASC 815 and determined that they qualify as derivative liabilities. The aggregate fair value of the derivative liability was determined to be $1,551,642 as of the initial loan dates resulting in an initial loss on derivative liabilities of $373,377 and a debt discount of $1,178,265. The fair value of the derivative liabilities on the notes that were converted to common stock during the year ended August 31, 2012 was determined to be $49,339 and the fair value of the remaining derivative liabilities as of August 31, 2012 was determined to be $1,559,517. The change in the fair value of the derivative liabilities during the year ended August 31, 2012 was $57,214 resulting in an aggregate loss on derivative liabilities of $430,591 for the year ended August 31, 2012. The debt discount is being amortized to interest expense over the lives of the notes using the effective interest rate method. During the year ended August 31, 2012, aggregate amortization expense was $1,103,164.

	The following table summarizes the change in the derivative liabilities during the year ended August 31, 2012:

	Balance as of August 31, 2011	$	-
	Debt discount		1,178,265
	Initial loss on derivative liabilities		373,377
	Loss on change in fair value		57,214
	Resolution of derivative liabilities due to conversion		(49,339	)
	Balance at August 31, 2012	$	1,559,517

	The Company estimated the fair value of the derivative liabilities using the Black-Scholes Option Pricing Model with the following assumptions:

	Market prices	$	0.019 - $0.51
	Conversion prices	$	0.01 - $0.383
	Expected volatilities		127% - 186	%
	Expected dividends		-
	Expected terms	0.26 - 3.07 years
	Risk-free rates		0.16% - 0.43	%

INCOME_TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Aug. 31, 2012
Notes to Financial Statements	'
Note 11. INCOME TAXES	'
	Potential benefits of income tax losses are not recognized in the accounts until realization is more likely than not. The Company has an accumulated net operating loss carry forward of $1,023,412 which begins to expire in 2028. Pursuant to ASC 740 the Company is required to compute tax asset benefits for non-capital losses carried forward. The potential benefit of the net operating loss has not been recognized in these financial statements because the Company cannot be assured it is more likely than not it will utilize the loss carried forward in future years.

	Significant components of the Company’s deferred tax assets and liabilities as at August 31, 2012 and 2011, after applying enacted corporate income tax rates, are as follows:

		August 31,			August 31,
		2012			2011
	Deferred tax assets:
	Net operating loss carry forward	$	347,960		$	208,358
	Valuation allowance		(347,960	)		(208,358	)
	Net deferred tax assets	$	-		$	-

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
SUBSEQUENT EVENTS	Aug. 31, 2012
Notes to Financial Statements	'
Note 12. SUBSEQUENT EVENTS	'
	Between February and September 2013, the Company borrowed an aggregate of $263,295 under convertible notes. The notes are unsecured, bear interest between 8% and 21% per annum and mature on December 31, 2014. The notes are convertible into common stock at 75% of the average quoted price for the 10 days preceding conversion.

	Between September 2012 and September 2013, the Company issued an aggregate of 1,462,582,021 common shares for the conversion of $417,689 of convertible note payables.

	On September 24, 2012, the Company increased the Authorized Common Stock from 100,000,000 to 400,000,000

	On October 1, 2012, the Company issued 65,000,000 common shares for services to management and directors.

	On October 1, 2012, the Company issued 5,000,000 common shares for consulting services. The Consulting agreement has a term of six months starting October 1, 2012 and ending March 1, 2013.

	On March 4, 2013, the Company issued 20,000,000 common shares for services to a member of management.

	On March 4, 2013, the Company issued to its President 1,500,000 shares of Series Preferred A Stock. Additionally, the Company issued 500,000 shares of Series Preferred A Stock to a member of management.

	On March 13, 2013, the Company increased the Authorized Common Stock from 400,000,000 to 1,000,000,000

	On April 9, 2013, the Company increased the Authorized Common Stock from 1,000,000,000 to 1,400,000,000

	On May 6, 2013, the Company increased the Authorized Common Stock from 1,400,000,000 to 2,400,000,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

12 Months Ended

Aug. 31, 2012

Summary Of Significant Accounting Policies Policies

Basis of Presentation

These consolidated financial statements and notes are presented in accordance with accounting principles generally accepted in the United States.

Principles of Consolidation

Fair Value of Financial Instruments

Level 1: Observable inputs such as quoted prices in active markets;

Level 2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

Level 3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions

The Company determined the fair value of its derivative liabilities related to conversion options in outstanding debt using Level 3 inputs.

The following table summarizes assets and liabilities measured at fair value on a recurring basis as of August 31, 2012:

Quoted Prices in

Significant

Active Markets for

Other

Significant

Identical Assets and

Observable

Unobservable

Balance as of

Liabilities

Inputs

August 31,

Description

(Level 1)

(Level 2)

(Level 3)

2012

Liabilities:

Derivative financial instruments

1,559,517

There were no assets and liabilities measured at fair value on a recurring basis as of August 31, 2011.

Fair value at August 31, 2011

Additions during the period

1,551,642

Resolution of derivative liabilities

(49,339

)

Change in the fair value

57,214

Fair value at August 31, 2012

1,559,517

Cash and Cash Equivalents

Basic and Diluted Loss Per Share

Income Taxes

Use of Estimates

Long Lived Assets

Reclassifications

Certain prior period amounts have been reclassified to conform to current period presentation.

Recent Accounting Pronouncements

The adoption of recently issued accounting pronouncements are not expected to have a material effect on the Company's future reported financial position or results of operations.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Aug. 31, 2012

Summary Of Significant Accounting Policies Tables

Summary of assets and liabilities measured at fair value on a recurring basis

The following table summarizes assets and liabilities measured at fair value on a recurring basis as of August 31, 2012:

Quoted Prices in

Significant

Active Markets for

Other

Significant

Identical Assets and

Observable

Unobservable

Balance as of

Liabilities

Inputs

August 31,

Description

(Level 1)

(Level 2)

(Level 3)

2012

Liabilities:

Derivative financial instruments

1,559,517

Summary of Liabilities measured at fair value

Fair value at August 31, 2011

Additions during the period

1,551,642

Resolution of derivative liabilities

(49,339

)

Change in the fair value

57,214

Fair value at August 31, 2012

1,559,517

CORRECTION_OF_PRIOR_YEAR_INFOR1

CORRECTION OF PRIOR YEAR INFORMATION (Tables)	12 Months Ended
CORRECTION OF PRIOR YEAR INFORMATION (Tables)	Aug. 31, 2012
Correction Of Prior Year Information Tables	'
Correction of prior year information	'
	The following table presents the comparative effect of the correction of prior year information and the impact on the Company’s consolidated financial statements for the year ended August 31, 2011:

		31-Aug-11
		As Reported			Adjustments			As Amended
	Consolidated Balance Sheet
	Assets
	Current Assets:
	Prepaid expense	$	360		$	-		$	360
	Mineral property acquisition costs		22,000			(22,000	)		-
	Liabilities and Stockholders’ Deficit
	Current Liabilities:
	Excess of checks issued over funds on deposit		693			(693	)		-
	Accounts payable and accrued liabilities		160,548			47,726			208,274
	Accrued interest		-			36,257			36,257
	Accrued interest on related party notes		47,033			(46,963	)		70
	Debt		267,500			(33,820	)		233,680
	Related party debt		9,593			(2,507	)		7,086
	Stockholders’ Deficit:
	Deficit accumulated during the exploration stage		(654,007	)		(22,000	)		(676,007	)

	Consolidated Statement of Expenses
	Operating Expenses:
	Impairment of mineral property		3,369			22,000			25,369
	Net loss		(179,188	)		(22,000	)		(201,188	)

	Consolidated Statement of Cash Flows
	Cash flows from operating activities:
	Net loss		(179,188	)		(22,000	)		(201,188	)
	Adjustments to reconcile net loss to net cash used in operating activities:
	Impairment of mineral property		3,369			22,000			25,369
	Interest accrued on promissory notes		22,570			(22,570	)		-
	Changes in operating assets and liabilities:
	Accounts payable and accrued liabilities		43,809			39,740			83,549
	Accounts payable and accrued liabilities to related parties		16,533			(16,463	)		70
	Prepaid expenses and other current assets		(360	)		-			(360	)
	Net cash (used in) provided by operating activities		(93,169	)		707			(92,462	)

	Cash flows from financing activities:
	Proceeds from debt		83,946			4,140			88,086
	Proceeds from related party debt		12,083			(4,889	)		7,194
	Payments on debt		-			(1,754	)		(1,754	)
	Payments on related party debt		(2,597	)		2,489			(108	)
	Net cash provided by (used in) financing activities	$	93,432		$	(14	)	$	93,418

CONVERTIBLE_DEBT_AND_DERIVATIV1

CONVERTIBLE DEBT AND DERIVATIVE LIABILITIES (Tables)	12 Months Ended
CONVERTIBLE DEBT AND DERIVATIVE LIABILITIES (Tables)	Aug. 31, 2012
Convertible Debt And Derivative Liabilities Tables	'
Change in the derivative liabilities	'
	The following table summarizes the change in the derivative liabilities during the year ended August 31, 2012:

	Balance as of August 31, 2011	$	-
	Debt discount		1,178,265
	Initial loss on derivative liabilities		373,377
	Loss on change in fair value		57,214
	Resolution of derivative liabilities due to conversion		(49,339	)
	Balance at August 31, 2012	$	1,559,517
Fair value of the derivative liabilities	'
	The Company estimated the fair value of the derivative liabilities using the Black-Scholes Option Pricing Model with the following assumptions:

	Market prices	$	0.019 - $0.51
	Conversion prices	$	0.01 - $0.383
	Expected volatilities		127% - 186	%
	Expected dividends		-
	Expected terms	0.26 - 3.07 years
	Risk-free rates		0.16% - 0.43	%

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Aug. 31, 2012
Income Taxes Tables	'
Deferred tax assets and liabilities	'
	Significant components of the Company’s deferred tax assets and liabilities as at August 31, 2012 and 2011, after applying enacted corporate income tax rates, are as follows:

		August 31,			August 31,
		2012			2011
	Deferred tax assets:
	Net operating loss carry forward	$	347,960		$	208,358
	Valuation allowance		(347,960	)		(208,358	)
	Net deferred tax assets	$	-		$	-

NATURE_OF_OPERATIONS_AND_GOING1

NATURE OF OPERATIONS AND GOING CONCERN (Details Narrative) (USD $)	9 Months Ended	12 Months Ended					69 Months Ended
	Aug. 31, 2007	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2010	Aug. 31, 2009	Aug. 31, 2008	Aug. 31, 2012
Nature Of Operations And Going Concern Details Narrative	'	'	'	'	'	'	'
Net loss	$30,468	$4,722,177	$201,188	$150,984	$187,754	$105,613	$5,398,184

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	Aug. 31, 2012
Liabilities:	'
Derivative financial instruments	$1,559,517
Quoted Prices in Active Markets for Identical Assets and Liabilities (Level 1) [Member]	'
Liabilities:	'
Derivative financial instruments	'
SignificantOther Observable Inputs (Level 2) [Member]	'
Liabilities:	'
Derivative financial instruments	'
Significant Unobservable Inputs (Level 3) [Member]	'
Liabilities:	'
Derivative financial instruments	$1,559,517

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details1) (USD $)	12 Months Ended		69 Months Ended
	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2012
Resolution of derivative liabilities	$430,591	'	$430,591
Significant Unobservable Inputs (Level 3) [Member]	'	'	'
Fair value at August 31, 2011	'	'	'
Additions during the period	1,551,642	'	'
Resolution of derivative liabilities	-49,339	'	'
Change in the fair value	57,214	'	'
Fair value at August 31, 2012	$1,559,517	'	$1,559,517

CORRECTION_OF_PRIOR_YEAR_INFOR2

CORRECTION OF PRIOR YEAR INFORMATION (Details) (USD $)	9 Months Ended	12 Months Ended					69 Months Ended
CORRECTION OF PRIOR YEAR INFORMATION (Details) (USD $)	Aug. 31, 2007	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2010	Aug. 31, 2009	Aug. 31, 2008	Aug. 31, 2012
Current Assets:	'	'	'	'	'	'	'
Prepaid expense	'	$12,500	$360	'	'	'	$12,500
Current Liabilities:	'	'	'	'	'	'	'
Accounts payable and accrued liabilities	'	224,610	208,274	'	'	'	224,610
Accrued interest	'	3,797	70	'	'	'	3,797
Accrued interest on related party notes	'	3,797	70	'	'	'	3,797
Stockholdersb Deficit:	'	'	'	'	'	'	'
Deficit accumulated during the exploration stage	'	5,398,184	676,007	'	'	'	5,398,184
Operating Expenses:	'	'	'	'	'	'	'
Impairment of mineral property	'	'	25,369	'	'	'	25,369
Cash flows from operating activities:	'	'	'	'	'	'	'
Net loss.	-30,468	-4,722,177	-201,188	-150,984	-187,754	-105,613	-5,398,184
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'	'	'	'	'
Impairment of mineral properties	'	'	25,369	'	'	'	25,369
Changes in operating assets and liabilities:	'	'	'	'	'	'	'
Accounts payable and accrued liabilities to related parties	'	128,977	70	'	'	'	159,547
Net cash (used in) provided by operating activities	'	-138,979	-92,462	'	'	'	-547,560
Cash flows from financing activities:	'	'	'	'	'	'	'
Proceeds from related party debt	'	26,117	7,194	'	'	'	33,311
Net cash provided by (used in) financing activities	'	138,979	93,418	'	'	'	570,743
As Reported [Member]	'	'	'	'	'	'	'
Current Assets:	'	'	'	'	'	'	'
Prepaid expense	'	'	360	'	'	'	'
Mineral property acquisition costs	'	'	22,000	'	'	'	'
Current Liabilities:	'	'	'	'	'	'	'
Excess of checks issued over funds on deposit	'	'	693	'	'	'	'
Accounts payable and accrued liabilities	'	'	160,548	'	'	'	'
Accrued interest	'	'	'	'	'	'	'
Accrued interest on related party notes	'	'	47,033	'	'	'	'
Debt	'	'	267,500	'	'	'	'
Related party debt	'	'	9,593	'	'	'	'
Stockholdersb Deficit:	'	'	'	'	'	'	'
Deficit accumulated during the exploration stage	'	'	-654,007	'	'	'	'
Operating Expenses:	'	'	'	'	'	'	'
Impairment of mineral property	'	'	3,369	'	'	'	'
Net loss	'	'	-179,188	'	'	'	'
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'	'	'	'	'
Impairment of mineral properties	'	'	3,369	'	'	'	'
Interest accrued on promissory notes	'	'	22,570	'	'	'	'
Changes in operating assets and liabilities:	'	'	'	'	'	'	'
Accounts payable and accrued liabilities	'	'	43,809	'	'	'	'
Accounts payable and accrued liabilities to related parties	'	'	16,533	'	'	'	'
Prepaid expenses and other current assets	'	'	-360	'	'	'	'
Net cash (used in) provided by operating activities	'	'	-93,169	'	'	'	'
Cash flows from financing activities:	'	'	'	'	'	'	'
Proceeds from debt	'	'	83,946	'	'	'	'
Proceeds from related party debt	'	'	12,083	'	'	'	'
Payments on debt	'	'	'	'	'	'	'
Payments on related party debt	'	'	-2,597	'	'	'	'
Net cash provided by (used in) financing activities	'	'	93,432	'	'	'	'
Adjustments [Member]	'	'	'	'	'	'	'
Current Assets:	'	'	'	'	'	'	'
Prepaid expense	'	'	'	'	'	'	'
Mineral property acquisition costs	'	'	-22,000	'	'	'	'
Current Liabilities:	'	'	'	'	'	'	'
Excess of checks issued over funds on deposit	'	'	-693	'	'	'	'
Accounts payable and accrued liabilities	'	'	47,726	'	'	'	'
Accrued interest	'	'	36,257	'	'	'	'
Accrued interest on related party notes	'	'	-46,963	'	'	'	'
Debt	'	'	-33,820	'	'	'	'
Related party debt	'	'	-2,507	'	'	'	'
Stockholdersb Deficit:	'	'	'	'	'	'	'
Deficit accumulated during the exploration stage	'	'	-22,000	'	'	'	'
Operating Expenses:	'	'	'	'	'	'	'
Impairment of mineral property	'	'	22,000	'	'	'	'
Net loss	'	'	-22,000	'	'	'	'
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'	'	'	'	'
Impairment of mineral properties	'	'	22,000	'	'	'	'
Interest accrued on promissory notes	'	'	-22,570	'	'	'	'
Changes in operating assets and liabilities:	'	'	'	'	'	'	'
Accounts payable and accrued liabilities	'	'	39,740	'	'	'	'
Accounts payable and accrued liabilities to related parties	'	'	-16,463	'	'	'	'
Prepaid expenses and other current assets	'	'	'	'	'	'	'
Net cash (used in) provided by operating activities	'	'	707	'	'	'	'
Cash flows from financing activities:	'	'	'	'	'	'	'
Proceeds from debt	'	'	4,140	'	'	'	'
Proceeds from related party debt	'	'	-4,889	'	'	'	'
Payments on debt	'	'	-1,754	'	'	'	'
Payments on related party debt	'	'	2,489	'	'	'	'
Net cash provided by (used in) financing activities	'	'	-14	'	'	'	'
As Amended [Member]	'	'	'	'	'	'	'
Current Assets:	'	'	'	'	'	'	'
Prepaid expense	'	'	360	'	'	'	'
Mineral property acquisition costs	'	'	'	'	'	'	'
Current Liabilities:	'	'	'	'	'	'	'
Excess of checks issued over funds on deposit	'	'	'	'	'	'	'
Accounts payable and accrued liabilities	'	'	208,274	'	'	'	'
Accrued interest	'	'	36,257	'	'	'	'
Accrued interest on related party notes	'	'	70	'	'	'	'
Debt	'	'	233,680	'	'	'	'
Related party debt	'	'	7,086	'	'	'	'
Stockholdersb Deficit:	'	'	'	'	'	'	'
Deficit accumulated during the exploration stage	'	'	-676,007	'	'	'	'
Operating Expenses:	'	'	'	'	'	'	'
Impairment of mineral property	'	'	25,369	'	'	'	'
Net loss	'	'	-201,188	'	'	'	'
Adjustments to reconcile net loss to net cash used in operating activities:	'	'	'	'	'	'	'
Impairment of mineral properties	'	'	25,369	'	'	'	'
Interest accrued on promissory notes	'	'	'	'	'	'	'
Changes in operating assets and liabilities:	'	'	'	'	'	'	'
Accounts payable and accrued liabilities	'	'	83,549	'	'	'	'
Accounts payable and accrued liabilities to related parties	'	'	70	'	'	'	'
Prepaid expenses and other current assets	'	'	-360	'	'	'	'
Net cash (used in) provided by operating activities	'	'	-92,462	'	'	'	'
Cash flows from financing activities:	'	'	'	'	'	'	'
Proceeds from debt	'	'	88,086	'	'	'	'
Proceeds from related party debt	'	'	7,194	'	'	'	'
Payments on debt	'	'	-1,754	'	'	'	'
Payments on related party debt	'	'	-108	'	'	'	'
Net cash provided by (used in) financing activities	'	'	$93,418	'	'	'	'

MINERAL_PROPERTIES_Details_Nar

MINERAL PROPERTIES (Details Narrative) (USD $)	12 Months Ended
MINERAL PROPERTIES (Details Narrative) (USD $)	Aug. 31, 2012
Mineral Properties Details Narrative	'
Aggregate impairment expense	$25,396

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	12 Months Ended		69 Months Ended
RELATED PARTY TRANSACTIONS (Details Narrative) (USD $)	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2012
Borrowings on related party debt	$26,117	$7,194	$33,311
Related party debt	23,544	7,086	23,544
Accrued Interest	3,797	70	3,797
Management fees for services	125,250	0	'
Director [Member]	'	'	'
Borrowings on related party debt	'	25,000	'
Accrued Interest	1,689	'	1,689
Management fees for services	$38,470	$6,310	'

DEBT_Details_Narrative

DEBT (Details Narrative) (USD $)	3 Months Ended	12 Months Ended		69 Months Ended
DEBT (Details Narrative) (USD $)	Aug. 31, 2012	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2012
Borrowings from debt	'	$6,239	$88,086	$241,672
Payments on debt	'	10,830	1,754	12,584
Debt outstanding	161,589	161,589	233,680	161,589
Accrued Interest	3,797	3,797	70	3,797
Aggregate of common shares issued	'	17,426,097	'	'
Repayment of notes	'	30,000	'	'
Loss on extinguishment of debt	1,783,048	1,783,048	'	-1,783,049
Debt [Member]	'	'	'	'
Accrued Interest	$57,916	$57,916	$36,257	$57,916

STOCKHOLDERS_EQUITY_Details_Na

STOCKHOLDERS' EQUITY (Details Narrative) (USD $)	3 Months Ended	12 Months Ended		69 Months Ended
STOCKHOLDERS' EQUITY (Details Narrative) (USD $)	Aug. 31, 2012	Aug. 31, 2012	Aug. 31, 2011	Aug. 31, 2012
Stockholders Equity	'	'	'	'
Common shares issued for the settlement in debt	17,426,097	'	'	'
Debt for settlement	$30,000	'	'	'
Fair value of the shares	1,813,048	'	'	'
Loss on extinguishment	$1,783,048	$1,783,048	'	($1,783,049)

COMMITMENTS_AND_CONTRACTUAL_OB1

COMMITMENTS AND CONTRACTUAL OBLIGATIONS (Details Narrative) (USD $)	12 Months Ended
	Aug. 31, 2012	Aug. 20, 2012
Notes to Financial Statements	'	'
Preferred stock-based compensation	'	$41,574
Remaining preferred stock expense on vesting period	'	239,434
Fair value of granted shares	281,008	'
Stock-based compensation	15,706	'
Expense occured during the period	$265,302	'

CONVERTIBLE_DEBT_AND_DERIVATIV2

CONVERTIBLE DEBT AND DERIVATIVE LIABILITIES (Details) (USD $)	12 Months Ended
	Aug. 31, 2012	Aug. 31, 2011
Notes to Financial Statements	'	'
Balance as of August 31, 2011	'	'
Debt discount	1,178,265	'
Initial loss on derivative liabilities	373,377	'
Loss on change in fair value	57,214	'
Resolution of derivative liabilities due to conversion	-49,339	'
Balance at August 31, 2012	$1,559,517	'

CONVERTIBLE_DEBT_AND_DERIVATIV3

CONVERTIBLE DEBT AND DERIVATIVE LIABILITIES (Details1) (USD $)	Aug. 31, 2012
Maximum [Member]	'
Market prices	$0.02
Conversion prices	$0.01
Percentage of Expected volatilities	127.00%
Expected dividends	'
Expected terms	'3 months 4 days
Risk-free rates	0.16%
Minimum [Member]	'
Market prices	$0.51
Conversion prices	$0.38
Percentage of Expected volatilities	186.00%
Expected terms	'3 years 26 days
Risk-free rates	0.43%

CONVERTIBLE_DEBT_AND_DERIVATIV4

CONVERTIBLE DEBT AND DERIVATIVE LIABILITIES (Details Narrative) (USD $)	12 Months Ended
	Aug. 31, 2012	Aug. 31, 2013
Notes to Financial Statements	'	'
Convertible notes	$135,500	'
Related party convertible notes	25,000	'
Assumed convertible notes	1,050,265	'
Cash payments	8,388	'
Common shares for the conversion	750,000	'
Common shares for the conversion debt	37,500	'
Accrued interest	'	114,086
Accrued interest of third party	'	1,689
Fair value of the derivative liabilities	'	49,339
Derivative liabilities	'	1,559,517
Change derivative liabilities	57,214	'
Loss on derivative liabilities	430,591	'
Amortization expense	$1,103,164	'

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	Aug. 31, 2012	Aug. 31, 2011
Deferred tax assets:	'	'
Net operating loss carry forward	$347,960	$208,358
Valuation allowance	-347,960	-208,358
Net deferred tax assets	'	'