Lithium (LTUM) 10-Q 7 Nov 13 2013 Q3 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
	Sep. 30, 2013	Oct. 31, 2013
Document and Entity Information	'	'
Entity Registrant Name	'Lithium Corp	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-13	'
Amendment Flag	'false	'
Entity Central Index Key	'0001415332	'
Current Fiscal Year End Date	'--12-31	'
Entity Common Stock, Shares Outstanding	'	74,911,408
Entity Filer Category	'Smaller Reporting Company	'
Entity Current Reporting Status	'Yes	'
Entity Voluntary Filers	'No	'
Entity Well-known Seasoned Issuer	'No	'
Document Fiscal Year Focus	'2013	'
Document Fiscal Period Focus	'Q3	'

Consolidated_Balance_Sheets_un

Consolidated Balance Sheets (unaudited) (USD $)	Sep. 30, 2013	Dec. 31, 2012
CURRENT ASSETS	'	'
Cash	$873,083	$1,186,651
Accounts Receivable	0	0
Prepaid Expenses,	28,457	62,387
TOTAL OTHER CURRENT ASSETS	901,540	1,249,038
OTHER ASSETS	'	'
Mineral Properties	187,653	163,139
Property And Equipment,	356	162
TOTAL OTHER ASSETS	188,009	163,301
TOTAL ASSETS	1,089,549	1,412,339
CURRENT LIABILITIES	'	'
Accounts payable and accrued liabilities,	2,371	53,201
TOTAL CURRENT LIABILITIES	2,371	53,201
TOTAL LIABILITIES	2,371	53,201
Commitments and contingencies	'	'
STOCKHOLDERS' EQUITY	'	'
Common Stock, 3,000,000,000 shares authorized, par value $0.01; 74,911,408 common shares outstanding (2012 - 74,661,408)	74,911	74,662
Additional paid in capital	3,300,439	3,292,348
Additional paid in capital - Options	184,130	174,041
Additional paid in capital - Warrants	257,949	257,949
Deficit accumulated during the Exploration stage	-2,730,251	-2,439,862
TOTAL STOCKHOLDERS' EQUITY	1,087,178	1,359,138
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$1,089,549	$1,412,339

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets Parentheticals (USD $)	Sep. 30, 2013	Dec. 31, 2012
Stockholders Equity par value	'	'
Common stock par value	$0.00	$0.00
Common stock shares authorized	3,000,000,000	3,000,000,000
Common stock shares issued	74,911,408	74,661,408
Common stock shares outstanding	74,911,408	74,661,408

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (unaudited) (USD $)	3 Months Ended		9 Months Ended		80 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
Income Statement	'	'	'	'	'
REVENUE	$0	$0	$0	$0	$0
OPERATING EXPENSES	'	'	'	'	'
Professional fees	10,977	13,273	41,010	46,612	253,634
Depreciation;	73	54	181	162	2,453
Exploration expenses	79,983	16,700	104,572	49,459	720,775
Consulting fees	13,750	18,550	53,200	44,768	351,392
Insurance expense	4,372	3,903	13,116	11,709	48,058
Investor relations;	8,240	11,852	33,014	36,600	264,427
Management fees	0	0	0	0	53,800
Transfer agent and filing fees	1,482	2,498	5,383	6,704	51,380
Travel	7,620	5,396	22,156	13,178	85,308
Stock option compensation	0	0	10,089	23,731	289,549
Website development costs	0	0	0	0	3,912
Write-down of website costs	0	0	0	0	12,000
Write-down of mineral properties	0	369,137	0	369,137	518,746
General and Administration	2,501	2,257	7,954	9,207	84,006
TOTAL OPERATING EXPENSES	128,998	443,620	290,675	611,267	2,739,440
LOSS FROM OPERATIONS	-128,998	-443,620	-290,675	-611,267	-2,739,440
OTHER INCOME (EXPENSES)	'	'	'	'	'
Other Income	0	0	0	671	17,952
Interest Income	96	318	284	754	3,087
Interest expense	0	0	0	0	11,850
TOTAL OTHER INCOME (EXPENSE)	96	318	284	1,425	9,189
LOSS BEFORE INCOME TAXES	-128,902	-443,302	-290,391	-609,842	-2,730,251
PROVISION FOR INCOME TAXES	0	0	0	0	0
NET LOSS	($128,902)	($443,302)	($290,391)	($609,842)	($2,730,251)
NET LOSS PER SHARE: BASIC AND DILUTED	$0	($0.01)	$0	($0.01)	'
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: BASIC AND DILUTED	74,911,408	63,661,408	74,723,908	63,661,408	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (unaudited) (USD $)	9 Months Ended		80 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net loss for the period	($290,391)	($609,842)	($2,730,251)
Adjustment for non-cash items:	'	'	'
Deposits,	-700	0	-700
Write-down of software development,	0	0	12,000
Write-down of mineral properties,	0	369,137	518,745
Stock option compensation expense	10,089	23,731	289,549
Depreciation	181	162	2,399
Changes in assets and liabilities:	'	'	'
(Increase) decrease in accounts receivable	0	0	0
(Increase) decrease in prepaid expenses	34,629	25,173	-27,758
Increase (decrease) in accounts payable and accrued liabilities	-42,487	-2,937	10,767
Net Cash Used in Operating Activities	-288,679	-194,577	-1,925,249
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'	'
Purchase of equipment	-375	0	-2,808
Purchase of software development	0	0	-12,000
Interest in mineral properties	-24,514	-25,760	-443,900
Net Cash Used in Investing Activities	-24,889	-25,760	-458,708
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Proceeds from (repayment to) director	0	0	6,335
Proceeds from sale of stock	0	0	3,250,705
Net Cash Provided by Financing Activities	0	0	3,257,040
Increase (decrease) in cash	-313,568	-220,337	873,083
Cash, beginning of period	1,186,651	970,030	0
Cash, end of period	873,083	749,693	873,083
SUPPLEMENTAL CASH FLOW INFORMATION:	'	'	'
Cash paid for interest	0	0	10,451
Cash paid for income taxes	0	0	0
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:	'	'	'
Common stock issued for mineral properties	8,500	0	262,500
Shareholder debt converted to contributed capital	$0	$0	$6,335

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'
	NOTE 1 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	Lithium Corporation (formerly Utalk Communications Inc.) was incorporated on
	January 30, 2007 under the laws of Nevada. On September 30, 2009, Utalk
	Communications Inc. changed its name to Lithium Corporation.
	Nevada Lithium Corporation was incorporated on March 16, 2009 under the laws of
	Nevada under the name Lithium Corporation. On September 10, 2009, the Company
	amended its articles of incorporation to change its name to Nevada Lithium
	Corporation. By agreement dated October 9, 2009 Nevada Lithium Corporation and
	Lithium Corporation amalgamated as Lithium Corporation. Lithium Corporation is
	engaged in the acquisition and development of certain lithium interests in the
	state of Nevada, and is currently in the exploration stage. These consolidated
	financial statements have been prepared in accordance with U.S. generally
	accepted accounting principles.
	EXPLORATION STAGE COMPANY
	The accompanying financial statements have been prepared in accordance with
	generally accepted accounting principles related to accounting and reporting by
	exploration stage companies. An exploration stage company is one in which
	planned principal operations have not commenced or if its operations have
	commenced, there has been no significant revenues there from.
	ACCOUNTING BASIS
	The Company uses the accrual basis of accounting and accounting principles
	generally accepted in the United States of America ("GAAP" accounting). The
	Company has adopted a December 31 fiscal year end.
	CASH AND CASH EQUIVALENTS
	Cash includes cash on account, demand deposits, and short-term instruments with
	maturities of three months or less.
	CONCENTRATIONS OF CREDIT RISK
	The Company maintains its cash in bank deposit accounts, the balances of which
	at times may exceed federally insured limits. The Company continually monitors
	its banking relationships and consequently has not experienced any losses in
	such accounts. The Company believes it is not exposed to any significant credit
	risk on cash and cash equivalents.
	USE OF ESTIMATES
	The preparation of consolidated financial statements in conformity with
	generally accepted accounting principles requires management to make estimates
	and assumptions that affect the reported amounts of assets and liabilities and
	disclosure of contingent assets and liabilities at the date of the consolidated
	financial statements and the reported amount of revenues and expenses during the
	reporting period. Actual results could differ from those estimates.
	REVENUE RECOGNITION
	The Company is in the exploration stage and has yet to realize revenues from
	operations. Once the Company has commenced operations, it will recognize
	revenues when delivery of goods or completion of services has occurred provided
	there is persuasive evidence of an agreement, acceptance has been approved by
	its customers, the fee is fixed or determinable based on the completion of
	stated terms and conditions, and collection of any related receivable is
	probable.
	PRINCIPLES OF CONSOLIDATION
	The consolidated financial statements include the accounts of our wholly-owned
	subsidiary. All material inter-company transactions have been eliminated.
	LOSS PER SHARE
	Basic loss per share is computed by dividing loss available to common
	shareholders by the weighted average number of common shares outstanding during
	the year. The computation of diluted earnings per share assumes the conversion,
	exercise or contingent issuance of securities only when such conversion,
	exercise or issuance would have a dilutive effect on earnings per share. The
	dilutive effect of convertible securities is reflected in diluted earnings per
	share by application of the "if converted" method. In the periods in which a
	loss is incurred, the effect of potential issuances of shares under options and
	warrants would be anti-dilutive, and therefore basic and diluted losses per
	share are the same.
	PROPERTY AND EQUIPMENT
	Property and equipment is stated on the basis of historical cost less
accumulated depreciation. Depreciation is provided using the straight-line
method over the estimated useful lives of the assets which has been estimated as
2 years. Impairment losses are recorded on computer equipment used in operations
when indicators of impairment are present and the undiscounted cash flows
estimated to be generated by those assets are less than the assets' carrying
amount.
INCOME TAXES
The asset and liability approach is used to account for income taxes by
recognizing deferred tax assets and liabilities for the expected future tax
consequences of temporary differences between the carrying amounts and the tax
basis of assets and liabilities.
FINANCIAL INSTRUMENTS
The Company's financial instruments consist of cash, accounts receivable,
prepaid expenses, and accounts payable and accrued liabilities. Unless otherwise
noted, it is management's opinion that the Company is not exposed to significant
interest, currency or credit risks arising from these financial instruments.
Because of the short maturity and capacity of prompt liquidation of such assets
and liabilities, the fair value of these financial instruments approximate their
carrying values, unless otherwise noted.
MINERAL PROPERTIES
Costs of exploration, carrying and retaining unproven mineral lease properties
are expensed as incurred. Mineral property acquisition costs are capitalized
including licenses and lease payments. Although the Company has taken steps to
verify title to mineral properties in which it has an interest, these procedures
do not guarantee the Company's title. Such properties may be subject to prior
agreements or transfers and title may be affected by undetected defects.
Impairment losses are recorded on mineral properties used in operations when
indicators of impairment are present and the undiscounted cash flows estimated
to be generated by those assets are less than the assets' carrying amount.
Impairment of $Nil and $369,137 were recorded in the years ended 2013 and 2012
respectively, relating to the abandonment of some mineral claims.
OFFICE LEASE
The Company rents office space in Las Vegas, Nevada for $700 per month. The
arrangement is on a month-by-month basis and can be terminated by either party.

GOING_CONCERN

GOING CONCERN	9 Months Ended
	Sep. 30, 2013
GOING CONCERN	'
GOING CONCERN	'
	NOTE 2 - GOING CONCERN
	Lithium Corporation's financial statements are prepared using generally accepted
	accounting principles applicable to a going concern, which contemplates that the
	Company will continue in operation for the foreseeable future and will realize
	its assets and liquidate its liabilities in the normal course of business.
	However, Lithium has no current source of revenue, recurring losses and a
	deficit accumulated during the exploration stage of $2,730,251 as of September
	30, 2013. These factors, among others, raise, substantial doubt about the
	Company's ability to continue as a going concern. Lithium's management plans on
	raising cash from public or private debt or equity financing, on an as-needed
	basis and in the longer term, revenues from the acquisition, exploration and
	development of mineral interests, if found. Lithium Corporation's ability to
	continue as a going concern is dependent on these additional cash financings
	and, ultimately, upon achieving profitable operations through the development of
	mineral interests. The successful outcome of future activities cannot be
	determined at this time. The accompanying financial statements do not include
	any adjustments that might result from the outcome of this uncertainty.

PREPAID_EXPENSES

PREPAID EXPENSES	9 Months Ended
	Sep. 30, 2013
Prepaid Expenses, {1}	'
PREPAID EXPENSES	'
	NOTE 3 - PREPAID EXPENSES
	Prepaid expenses consisted of the following at September 30, 2013 and December
	31, 2012:
	September 30,         December 31,
	2013                 2012
	--------             --------
	Deposits                                        $    700             $     --
	Professional fees                                  2,888                3,310
	Exploration costs                                  4,847                8,964
	Bonds                                             17,088               28,644
	Transfer fees                                        450                1,800
	Insurance                                            729               13,844
	Office Misc                                           80                  800
	Investor relations                                 1,675                5,025
	Consulting                                            --                   --
	--------             --------
	Total prepaid expenses                          $ 28,457             $ 62,387
	===nbsp;            ===/pre>

PROPERTY_AND_EQUIPMENT

PROPERTY AND EQUIPMENT	9 Months Ended
	Sep. 30, 2013
PROPERTY AND EQUIPMENT:	'
PROPERTY AND EQUIPMENT	'
	NOTE 4 - PROPERTY AND EQUIPMENT
	September 30,         December 31,
	2013                 2012
	--------             --------
	Computer Equipment                              $  2,808             $  2,433
	Less: Accumulated amortization                    (2,452)              (2,271)
	--------             --------
	Property and equipment, net                     $    356             $    162
	===nbsp;            ===/pre>
	Amortization expense was $181 and $215 for the years ended September 30, 2013
	and December 31, 2012, respectively.

MINERAL_PROPERTIES

MINERAL PROPERTIES	9 Months Ended
	Sep. 30, 2013
MINERAL PROPERTIES	'
MINERAL PROPERTIES	'
	NOTE 5 - MINERAL PROPERTIES.
	FISH LAKE PROPERTY
	The Company has purchased a 100% interest in the Fish Lake property by making
	staged payments of $350,000 worth of common stock. Title to the pertinent claims
	was transferred to the Company through quit claim deed dated June 1, 2011, and
	this quitclaim was recorded at the county level on August 3, 2011 and at the BLM
	on August 4, 2011. Quarterly stock disbursements were made on the following
	schedule:
	1st Disbursement: Within 10 days of signing agreement (paid)
	2nd Disbursement: within 10 days of June 30, 2009 (paid)
	3rd Disbursement: within 10 days of December 30, 2009 (paid)
	4th Disbursement: within 10 days of March 31, 2010 (paid)
	5th Disbursement: within 10 days of June 30, 2010 (paid)
	6th Disbursement: within 10 days of September 30, 2010 (paid)
	7th Disbursement: within 10 days of December 31, 2010 (paid)
	8th Disbursement: within 10 days of March 31, 2011 (paid)
	As at September 30, 2013, the Company has recorded $436,764 in acquisition costs
	related to the Fish Lake Property and associated impairment of $276,908 related
	to abandonment of claims. The carrying value of the Fish Lake Property was
	$159,856 as of September 30, 2013.
	The Company has entered into an agreement in April 2013, whereby it may earn a
	100% interest in the Mt Heimdal Flake Graphite property in BC, subject to a 1.5%
	net overriding royalty. The company must spend $15,000 on exploration, and
	submit a government assessment report by Nov 30, 2013 to earn its interest.
	STAKED PROPERTIES
	The Company has staked claims with various registries as summarized below:
	Net Carry
	Name                       Claims               Cost     Impairment      Value
	----                       ------               ----     ----------      -----
	SanEmidio                20 (1,600)           $11,438     $(5,719)      $ 5,719
	Cherryville/BC Sugar   2,036.37 (hectares)    $12,027         Nil       $12,027
	The Company performs an impairment test on an annual basis to determine whether
	a write-down is necessary with respect to the properties. The Company believes
	no circumstances have occurred and no evidence has been uncovered that warrant a
	write-down of the mineral properties other than those abandoned by management
	and thus included in write-down of mineral properties. No impairment charges
	were recorded in 2013, as of September, 30, 2013. Impairment of $369,137 was
	recorded in 2012 relating to the abandonment of some mineral claims relating to
	the abandonment of some mineral claims.

CAPITAL_STOCK

CAPITAL STOCK	9 Months Ended
	Sep. 30, 2013
CAPITAL STOCK	'
CAPITAL STOCK	'
	NOTE 6 - CAPITAL STOCK
	The Company is authorized to issue 300,000,000 shares of it $0.001 par value
	common stock. On September 30, 2009, the Company effected a 60-for-1 forward
	stock split of its $0.001 par value common stock.
	All share and per share amounts have been retroactively restated to reflect the
	splits discussed above.
	COMMON STOCK
	On January 30, 2007, the Company issued 240,000,000 shares of its common stock
	to founders for proceeds of $20,000.
	During the year-ended December 31, 2008, the Company issued 28,200,000 shares of
	its common stock for total proceeds of 47,000.
	On October 9, 2009, the Company cancelled 220,000,000 shares of its common
	stock. Also on October 9, 2009, the Company issued 12,350,000 shares of its
	common stock for 100 percent of the issued and outstanding stock of Nevada
	Lithium Corp. Refer to Note 3.
	On January 10, 2010, the Company issued 53,484 shares of its common stock as
	part of the Fish Lake Property acquisition.
	On March 24, 2010, the Company issued 2,000,000 units in a private placement,
	raising gross proceeds of $2,000,000, or $1.00 per unit. Each unit consists of
	one common share in the capital of our company and one non-transferable common
	share purchase warrant. Each whole common share purchase warrant
	non-transferable entitles the holder thereof to purchase one share of common
	stock in the capital of our company, for a period of twelve months commencing
	the closing, at a purchase price of $1.20 per warrant share and at a purchase
	price of $1.35 per warrant share for a period of twenty-four months thereafter.
	On April 30, 2010, the Company issued 38,068 shares of its common stock as part
	of the Fish Lake Property acquisition.
	On July 10, 2010, the Company issued 104,168 shares of its common stock as part
	of the Fish Lake Property acquisition.
	On October 10, 2010, the Company issued 171,568 of its common stock as part of
	the Fish Lake Property acquisition.
	On January 10, 2011, the Company issued 163,856 shares of its common stock as
	part of the Fish Lake Property acquisition.
	On April 10, 2011, the Company issued 230,264 shares of its common stock as part
	of the Fish Lake Property acquisition.
	On April 28, 2011, the Company issued 150,000 shares of its common stock as part
	of a stock option exercise.
	On May 5, 2011, the Company issued 200,000 shares of its common stock as part of
	a stock option exercise.
	On November 19, 2012, the Company issued 11,000,000 shares of its common stock
	as part of private placement.
	On June 6, 2013, the Company issued 250,000 shares of its common stock as part
	of the Cherryville property acquisition located in British Columbia.
	There were 74,911,408 shares of common stock issued and outstanding as of
	September 30, 2013.
	WARRANTS
	Outstanding at
	Issue Date        Number      Price       Expiry Date       September 30, 2013
	----------        ------      -----       -----------       ------------------
	Nov. 19, 2012     11,000,000    $0.10      Nov. 18, 2014          11,000,000
	The warrants were valued using the Black-Scholes option pricing model using the
	following assumptions: term of 5 years, dividend yield of 0%, risk free interest
	rates of 0.67% and volatility of 129%. The fair value of the warrants was
	adjusted against additional paid in capital.
	Stock Based Compensation
	The Company granted 500,000 options at an exercise price of $0.28 and 400,000
	options at an exercise price of $0.24 to consultants in exchange for various
	professional services. On March 15, 2013, options granted at $0.28 and $0.24 was
	modified to exercise prices of $.045. Also, on March 15, 2013 the Company
	granted 200,000 options to consultants for management services at exercise price
	of $0.045. The issuance of new options, less the expiration of 350,000 options,
	and the modification resulted in net stock-based compensation of $10,089 in
	2013, as of September 30, 2013. These options were vested on the date of grant.
The Company uses the Black-Scholes option valuation model to value stock options
granted. The Black-Scholes model was developed for use in estimating the fair
value of traded options that have no vesting restrictions and are fully
transferable. The model requires management to make estimates, which are
subjective and may not be representative of actual results. Assumptions used to
determine the fair value of the stock based compensation is as follows:
Modification          New Options
------------          -----------
Risk free interest rate                          0.35%                 0.67%
Expected dividend yield                             0%                    0%
Expected stock price volatility                   129%                  129%
Expected life of options                        3 years               5 years
Weighted            Total
Total           Average           Weighted
Exercise         Options       Remaining Life        Average          Options
Prices         Outstanding        (Years)        Exercise Price     Exercisable
------         -----------        -------        --------------     -----------
$0.045           900,000            2.98             $0.045            900,000
Total stock-based compensation for the quarter-ended September 30, 2013 was
$10,089 (September, 30, 2012: $23,731).
The following table summarizes the stock options outstanding at September 30,
2013:00:00
Outstanding at
Issue Date           Number      Price       Expiry Date       December 31, 2012
----------           ------      -----       -----------       -----------------
September 23, 2010   500,000    $0.045    September 23, 2015        500,000
May 31, 2012         100,000    $0.045       July 6, 2013           100,000
May 31, 2012         100,000    $0.045       May 31, 2017           100,000
March 15, 2013       200,000    $0.045      March 15, 2018          200,000

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2013
INCOME TAXES	'
INCOME TAXES	'
	NOTE 7 - INCOME TAXES
	As of September 30, 2013, the Company had net operating loss carry forwards of
	approximately $2,730,251 that may be available to reduce future years' taxable
	income in varying amounts through 2031. Future tax benefits which may arise as a
	result of these losses have not been recognized in these financial statements,
	as their realization is determined not likely to occur and accordingly, the
	Company has recorded a valuation allowance for the deferred tax asset relating
	to these tax loss carry-forwards.
	The provision for Federal income tax consists of the following:
	Nine Months         Nine Months
	Ended               Ended
	September 30,       September 30,
	2013                2012
	----------          ----------
	Federal income tax benefit attributable to:
	Current operations                            $   98,733          $  207,346
	Less: valuation allowance                        (98,733)           (207,346)
	----------          ----------
	Net provision for Federal income taxes          $        0          $        0
	====bsp;         ====pre>
	The cumulative tax effect at the expected rate of 34% of significant items
	comprising our net deferred tax amount is as follows at September 30, 2013:
	September 30,        December 31,
	2013                2012
	----------          ----------
	Deferred tax asset attributable to:
	Net operating loss carryover                  $  913,652          $  813,201
	Less: valuation allowance                       (913,652)           (813,201)
	----------          ----------
	Net deferred tax asset                          $        0          $        0
	====bsp;         ====pre>
	Due to the change in ownership provisions of the Tax Reform Act of 1986, net
	operating loss carry forwards of approximately $2,730,251 for Federal income tax
	reporting purposes are subject to annual limitations. Should a change in
	ownership occur net operating loss carry forwards may be limited as to use in
	future years.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2013
SUBSEQUENT EVENTS	'
SUBSEQUENT EVENTS	'
	NOTE 8 - SUBSEQUENT EVENTS
	The Company has analyzed its operations subsequent to September 30, 2013 through
	the date these financial statements were issued, and has determined that it does
	not have any other material subsequent events to disclose.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	'
Exploration Stage Company	'
	EXPLORATION STAGE COMPANY
	The accompanying financial statements have been prepared in accordance with
	generally accepted accounting principles related to accounting and reporting by
	exploration stage companies. An exploration stage company is one in which
	planned principal operations have not commenced or if its operations have
	commenced, there has been no significant revenues there from.
Accounting Basis	'
	ACCOUNTING BASIS
	The Company uses the accrual basis of accounting and accounting principles
	generally accepted in the United States of America ("GAAP" accounting). The
	Company has adopted a December 31 fiscal year end.
Cash and Cash Equivalents Policy	'
	CASH AND CASH EQUIVALENTS
	Cash includes cash on account, demand deposits, and short-term instruments with
	maturities of three months or less.
Concentrations of Credit Risk	'
	CONCENTRATIONS OF CREDIT RISK
	The Company maintains its cash in bank deposit accounts, the balances of which
	at times may exceed federally insured limits. The Company continually monitors
	its banking relationships and consequently has not experienced any losses in
	such accounts. The Company believes it is not exposed to any significant credit
	risk on cash and cash equivalents.
Use of Estimates	'
	USE OF ESTIMATES
	The preparation of consolidated financial statements in conformity with
	generally accepted accounting principles requires management to make estimates
	and assumptions that affect the reported amounts of assets and liabilities and
	disclosure of contingent assets and liabilities at the date of the consolidated
	financial statements and the reported amount of revenues and expenses during the
	reporting period. Actual results could differ from those estimates.
Revenue Recognition	'
	REVENUE RECOGNITION
	The Company is in the exploration stage and has yet to realize revenues from
	operations. Once the Company has commenced operations, it will recognize
	revenues when delivery of goods or completion of services has occurred provided
	there is persuasive evidence of an agreement, acceptance has been approved by
	its customers, the fee is fixed or determinable based on the completion of
	stated terms and conditions, and collection of any related receivable is
	probable.
Principles of Consolidation	'
	PRINCIPLES OF CONSOLIDATION
	The consolidated financial statements include the accounts of our wholly-owned
	subsidiary. All material inter-company transactions have been eliminated.
Loss per Share	'
	LOSS PER SHARE
	Basic loss per share is computed by dividing loss available to common
	shareholders by the weighted average number of common shares outstanding during
	the year. The computation of diluted earnings per share assumes the conversion,
	exercise or contingent issuance of securities only when such conversion,
	exercise or issuance would have a dilutive effect on earnings per share. The
	dilutive effect of convertible securities is reflected in diluted earnings per
	share by application of the "if converted" method. In the periods in which a
	loss is incurred, the effect of potential issuances of shares under options and
	warrants would be anti-dilutive, and therefore basic and diluted losses per
	share are the same.
Property and Equipment Policy	'
	PROPERTY AND EQUIPMENT
	Property and equipment is stated on the basis of historical cost less
	accumulated depreciation. Depreciation is provided using the straight-line
	method over the estimated useful lives of the assets which has been estimated as
	2 years. Impairment losses are recorded on computer equipment used in operations
	when indicators of impairment are present and the undiscounted cash flows
	estimated to be generated by those assets are less than the assets' carrying
	amount.
Income Taxes Policy	'
	INCOME TAXES
	The asset and liability approach is used to account for income taxes by
	recognizing deferred tax assets and liabilities for the expected future tax
	consequences of temporary differences between the carrying amounts and the tax
	basis of assets and liabilities.
Financial Instruments	'
	FINANCIAL INSTRUMENTS
	The Company's financial instruments consist of cash, accounts receivable,
	prepaid expenses, and accounts payable and accrued liabilities. Unless otherwise
	noted, it is management's opinion that the Company is not exposed to significant
	interest, currency or credit risks arising from these financial instruments.
	Because of the short maturity and capacity of prompt liquidation of such assets
	and liabilities, the fair value of these financial instruments approximate their
	carrying values, unless otherwise noted.
Mineral Properties Policy	'
	MINERAL PROPERTIES
	Costs of exploration, carrying and retaining unproven mineral lease properties
	are expensed as incurred. Mineral property acquisition costs are capitalized
	including licenses and lease payments. Although the Company has taken steps to
	verify title to mineral properties in which it has an interest, these procedures
	do not guarantee the Company's title. Such properties may be subject to prior
	agreements or transfers and title may be affected by undetected defects.
	Impairment losses are recorded on mineral properties used in operations when
	indicators of impairment are present and the undiscounted cash flows estimated
	to be generated by those assets are less than the assets' carrying amount.
	Impairment of $Nil and $369,137 were recorded in the years ended 2013 and 2012
	respectively, relating to the abandonment of some mineral claims.
Office Lease	'
	OFFICE LEASE
	The Company rents office space in Las Vegas, Nevada for $700 per month. The
	arrangement is on a month-by-month basis and can be terminated by either party.

PREPAID_EXPENSES_Tables

PREPAID EXPENSES (Tables)	9 Months Ended
	Sep. 30, 2013
PREPAID EXPENSES (Tables)	'
Prepaid Expenses Schedule	'
	Prepaid expenses consisted of the following at September 30, 2013 and December
	31, 2012:
	September 30,         December 31,
	2013                 2012
	--------             --------
	Deposits                                        $    700             $     --
	Professional fees                                  2,888                3,310
	Exploration costs                                  4,847                8,964
	Bonds                                             17,088               28,644
	Transfer fees                                        450                1,800
	Insurance                                            729               13,844
	Office Misc                                           80                  800
	Investor relations                                 1,675                5,025
	Consulting                                            --                   --
	--------             --------
	Total prepaid expenses                          $ 28,457             $ 62,387
	===nbsp;            ===/pre>

PROPERTY_AND_EQUIPMENT_Tables

PROPERTY AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2013
PROPERTY AND EQUIPMENT (Tables)	'
Property and Equipment Net Schedule	'
	September 30,         December 31,
	2013                 2012
	--------             --------
	Computer Equipment                              $  2,808             $  2,433
	Less: Accumulated amortization                    (2,452)              (2,271)
	--------             --------
	Property and equipment, net                     $    356             $    162
	===nbsp;            ===/pre>

Staked_claims_with_various_reg

Staked claims with various registries (Tables)	9 Months Ended
	Sep. 30, 2013
Staked claims with various registries	'
Staked claims with various registries	'
	The Company has staked claims with various registries as summarized below:
	Net Carry
	Name                       Claims               Cost     Impairment      Value
	----                       ------               ----     ----------      -----
	SanEmidio                20 (1,600)           $11,438     $(5,719)      $ 5,719
	Cherryville/BC Sugar   2,036.37 (hectares)    $12,027         Nil       $12,027

STOCK_BASED_COMPENSATION_AS_FO

STOCK BASED COMPENSATION AS FOLLOWS (Tables)	9 Months Ended
	Sep. 30, 2013
STOCK BASED COMPENSATION AS FOLLOWS	'
Stockholders' Equity Note, Warrants or Rights	'
	Outstanding at
	Issue Date        Number      Price       Expiry Date       September 30, 2013
	----------        ------      -----       -----------       ------------------
	Nov. 19, 2012     11,000,000    $0.10      Nov. 18, 2014          11,000,000
Assumptions used to determine stock options	'
	Assumptions used to
	determine the fair value of the stock based compensation is as follows:
	Modification          New Options
	------------          -----------
	Risk free interest rate                          0.35%                 0.67%
	Expected dividend yield                             0%                    0%
	Expected stock price volatility                   129%                  129%
	Expected life of options                        3 years               5 years
Share-based Compensation, Stock Options, Activity	'
	Weighted            Total
	Total           Average           Weighted
	Exercise         Options       Remaining Life        Average          Options
	Prices         Outstanding        (Years)        Exercise Price     Exercisable
	------         -----------        -------        --------------     -----------
	$0.045           900,000            2.98             $0.045            900,000
Summarizes the stock options outstanding	'
	The following table summarizes the stock options outstanding at September 30,
	2013:00:00
	Outstanding at
	Issue Date           Number      Price       Expiry Date       December 31, 2012
	----------           ------      -----       -----------       -----------------
	September 23, 2010   500,000    $0.045    September 23, 2015        500,000
	May 31, 2012         100,000    $0.045       July 6, 2013           100,000
	May 31, 2012         100,000    $0.045       May 31, 2017           100,000
	March 15, 2013       200,000    $0.045      March 15, 2018          200,000

COMPONENTS_OF_INCOME_TAXES_Tab

COMPONENTS OF INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2013
COMPONENTS OF INCOME TAXES	'
Provision for Federal Income Tax	'
	The provision for Federal income tax consists of the following:
	Nine Months         Nine Months
	Ended               Ended
	September 30,       September 30,
	2013                2012
	----------          ----------
	Federal income tax benefit attributable to:
	Current operations                            $   98,733          $  207,346
	Less: valuation allowance                        (98,733)           (207,346)
	----------          ----------
	Net provision for Federal income taxes          $        0          $        0
	====bsp;         ====pre>
Net Deferred Tax amount	'
	The cumulative tax effect at the expected rate of 34% of significant items
	comprising our net deferred tax amount is as follows at September 30, 2013:
	September 30,        December 31,
	2013                2012
	----------          ----------
	Deferred tax asset attributable to:
	Net operating loss carryover                  $  913,652          $  813,201
	Less: valuation allowance                       (913,652)           (813,201)
	----------          ----------
	Net deferred tax asset                          $        0          $        0
	====bsp;         ====pre>

Recovered_Sheet1

Summary of Significant Accounting Policies Mineral Properties (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Summary of Significant Accounting Policies Mineral Properties	'	'
Impairment of Mineral Properties	$0	$369,137
Rent for office space payable on a month-by-month basis	$700	'

Going_Concern_Accumulated_Defi

Going Concern Accumulated Deficit (Details) (USD $)	Sep. 30, 2013
Going Concern Accumulated Deficit	'
Accumulated Deficit during the exploration stage,	$2,730,251

Prepaid_Expenses_Details

Prepaid Expenses. (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Prepaid Expenses Details	'	'
Prepaid Deposits	$700	$0
Prepaid Professional fees,	2,888	3,310
Prepaid Exploration costs,	4,847	8,964
Prepaid Bonds,	17,088	28,644
Prepaid Transfer fees,	450	1,800
Prepaid Insurance,	729	13,844
Prepaid Office Misc,	80	800
Prepaid Investor relations;	1,625	5,025
Prepaid Consulting	0	0
Total prepaid expenses	$28,457	$62,387

Property_and_Equipment_consist

Property and Equipment consisted of the following (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Property and Equipment Details	'	'
Computer Equipment	$2,808	$2,433
Less: Accumulated amortization	-2,452	-2,271
Property and equipment, net	$356	$162

Property_and_Equipment_Depreci

Property and Equipment Depreciation expense (Details) (USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Property and Equipment Depreciation expense	'	'
Amortization expense of Property and Equipment	$181	$215

Mineral_Properties_Claims_Deta

Mineral Properties Claims (Details) (USD $)	Sep. 30, 2013
Mineral Properties Claims	'
Acquisition costs related to the Fish Lake Property	$436,764
Associated impairment of Fish Lake Property	276,908
Net carrying value of the Fish Lake Property	159,856
Staked properties of San Emidio Claims (Area in Acres)	20
Staked properties claim of San Emidio cost	11,438
Impairement of Staked properties claim of San Emidio	-5,719
Staked properties claim of San Emidio net value	5,719
Staked properties of Cherryville/BC Sugar Claims (Area in hectares)	2,036.37
Staked properties claim of Cherryville/BC Sugar cost	12,027
Impairement of Staked properties claim of Cherryville/BC Sugar cost	0
Staked properties claim of Cherryville/BC Sugar net value	12,027
Impairment relating to the abandonment of some mineral claims	$369,137

Capital_Stock_Shares_Details

Capital Stock Shares (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2009	Jan. 31, 2007
Capital Stock Shares	'	'	'
Common stock shares authorized.	3,000,000,000	'	'
Common stock par value.	$0.00	'	'
Common stock par value of forward stock split 60:1	'	$0.00	'
Issuance of common stock pre split shares	'	'	4,000,000
Issuance of common stock post split shares	'	'	240,000,000
Proceeds from issuance of common stock.	'	'	$20,000

Capital_stock_issuance_of_shar

Capital stock issuance of shares (Details) (USD $)	12 Months Ended
	Dec. 31, 2008
Capital stock issuance of shares	'
Issuance of common stock pre split shares.	470,000
Issuance of common stock post split shares.	28,200,000
Common stock Proceeds	$47,000

Capital_Stock_Cancellation_Sha

Capital Stock Cancellation Shares, Acquisition and Private Placement (Details) (USD $)	Mar. 24, 2010	Jan. 10, 2010	Oct. 09, 2009
Capital Stock Cancellation Shares, Acquisition and Private Placement	'	'	'
Cancellation of common stock shares	'	'	220,000,000
Issuance of common stock for 100% issued and outstanding stock of Nevada Lithium Corp	'	'	12,350,000
Issuance of common stock shares as part of Fish Lake Property Acquisition	'	53,484	'
Issuance of shares in a private placement	2,000,000	'	'
Proceeds from issuance of shares in a private placement ($1 per unit)	$2,000,000	'	'
Purchase price of warrant share within a period of twelve months commencing the closing	$1.20	'	'
Purchase price of warrant share between twelve and twenty four months after closing	$1.35	'	'

Capital_Stock_Stock_Option_Exe

Capital Stock Stock Option Exercise (Details)	Sep. 30, 2013	Jun. 06, 2013	Nov. 19, 2012	5-May-11	Apr. 28, 2011
Capital Stock Stock Option Exercise	'	'	'	'	'
Common stock shares issued as part of a stock option exercise	'	'	'	200,000	150,000
Common stock shares issued and outstanding	74,911,408	'	'	'	'
Shares of common stock issued as part of the Cherryville property acquisition	'	250,000	'	'	'
Issue of shares of common stock as part of private placement	'	'	11,000,000	'	'

Capital_Stock_Stock_based_comp

Capital Stock Stock based compensation (Details) (USD $)	Sep. 30, 2013	Mar. 15, 2013
Stock based compensation	'	'
Stock options grated to to consultants	500,000	200,000
Options exercise price granted to to consultants	$0.28	$0.05
Options exercise price granted for professional services	$0.24	'
Stock options granted for professional services	400,000	'
No of options expired as on date	350,000	'
Net stock-based compensation as on date	$10,089	'

Capital_Stock_Stock_options_ou

Capital Stock Stock options outstanding (Details)	Number	Price	Outstanding
Capital Stock Stock options at Dec. 31, 2012	0	'	'
Stock options issued on September 23, 2010 and expiry date September 23, 2015	500,000	0.045	500,000
Stock options issued on May 31, 2012 and expiry date June 13, 2013	100,000	0.045	100,000
Stock options issued on May 31, 2012 and expiry date May 31, 2017	100,000	0.045	100,000
Stock options issued on March 15, 2012 and expiry date March 15, 2018	200,000	0.045	200,000
Capital Stock Stock options, at Sep. 30, 2013	0	'	'

Stock_option_activity_Details

Stock option activity (Details) (USD $)	Sep. 30, 2013
Stock option activity	'
Exercise Prices	$0.05
Total options outstanding	900,000
Weighted average remaining life in years	2.98
Total weighted average exercise price	$0.05
Options exercisable	900,000

Assumptions_used_to_determine_

Assumptions used to determine stock options as follows (Details)	Sep. 30, 2013
Modification	'
Risk free interest rate	0.35%
Risk free interest rate	0.35%
Expected dividend yield	0.00%
Expected stock price volatility	129.00%
Expected life of options	3
New Options	'
Risk free interest rate	0.67%
Risk free interest rate	0.67%
Expected dividend yield	0.00%
Expected stock price volatility	129.00%
Expected life of options	5

Capital_Stock_Shares_issued_fo

Capital Stock Shares issued for Acquisition (Details)	Apr. 10, 2011	Jan. 10, 2011	Oct. 10, 2010	Jul. 10, 2010	Apr. 30, 2010
Capital Stock shares issued to Fish Lake property	'	'	'	'	'
Issuance of shares as part of Fish Lake Property Acquisition	230,264	163,856	171,568	104,168	38,068

Income_Taxes_Operating_loss_ca

Income Taxes Operating loss carry forwards (Details) (USD $)	Sep. 30, 2013
Income Taxes Operating loss carry forwards	'
Net operating loss carry forwards	$2,730,251

Income_Taxes_Provision_for_Fed

Income Taxes Provision for Federal Income Tax (Details) (USD $)	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Federal income tax benefit attributable to:	'	'
Current operations	$98,733	$207,346
Less: valuation allowance	-98,733	-207,346
Net provision for Federal income taxes	$0	$0

Income_Taxes_net_deferred_tax_

Income Taxes net deferred tax amount (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
Deferred tax asset attributable to:	'	'
Net operating loss carryover	$913,652	$813,201
Less: valuation allowance.	-913,652	-813,201
Net deferred tax asset	$0	$0