Document_and_Entity_Informatio
Document and Entity Information (USD $) | 12 Months Ended | ||
Aug. 31, 2013 | Apr. 11, 2014 | Feb. 28, 2013 | |
Document and Entity Information [Abstract] | ' | ' | ' |
Entity Registrant Name | 'RIMROCK GOLD CORP. | ' | ' |
Entity Central Index Key | '0001424455 | ' | ' |
Amendment Flag | 'true | ' | ' |
Amendment Description | ' | ' | ' |
EXPLANATORY NOTE | |||
This Amendment No. 1 on Form 10-K/A (this “Amendment No. 1”) amends Rimrock Gold Corp.’s (the “Company”) Annual Report on Form 10-K for the fiscal year ended August 31, 2013 (“Original Filing”) originally filed on November 15, 2013 with the U.S. Securities and Exchange Commission (the “Commission”). We are filing this Amendment No. 1 for the purpose of revising the Company’s consolidated financial statements and related notes and add an additional discussion to the Management’s Discussion and Analysis. | |||
Except for the changes effected by this Amendment No. 1 on Form 10-K/A, no modification or update is otherwise made to any other disclosures or exhibits to the Original Filing. | |||
Current Fiscal Year End Date | '--08-31 | ' | ' |
Document Type | '10-K | ' | ' |
Document Period End Date | 31-Aug-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'FY | ' | ' |
Entity Well-known Seasoned Issuer | 'No | ' | ' |
Entity Voluntary Filers | 'No | ' | ' |
Entity Current Reporting Status | 'Yes | ' | ' |
Entity Filer Category | 'Smaller Reporting Company | ' | ' |
Entity Public Float | ' | ' | $2,278,339 |
Entity Common Stock, Shares Outstanding | ' | 36,614,627 | ' |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Aug. 31, 2013 | Aug. 31, 2012 |
Current Assets | ' | ' |
Cash | $36,449 | $11,191 |
Prepaid and sundry | 80,596 | 11,129 |
Total Current Assets | 117,045 | 22,320 |
Long Term Assets | ' | ' |
Mineral property claims | 379,970 | 133,108 |
Equipment | 758 | 958 |
Total Long Term Assets | 380,728 | 134,066 |
Total Assets | 497,773 | 156,386 |
Current Liabilities | ' | ' |
Accounts payable and accrued liabilities | 8,603 | 32,539 |
Convertible notes payable | ' | 36,458 |
Advances from a related party | 16,109 | ' |
Total Liabilities | 24,712 | 68,997 |
Going Concern | ' | ' |
Contingencies and Commitments | ' | ' |
Related Party Transactions | ' | ' |
Subsequent Events | ' | ' |
Stockholders' Equity | ' | ' |
Capital stock, $0.001 par value; Authorized 200,000,000; Issued and outstanding 34,614,489 (August 31, 2012 7,420,109) | 34,615 | 7,420 |
Additional paid-in capital | 3,485,485 | 1,901,151 |
Deficit accumulated during the exploration stage | -3,047,039 | -1,821,182 |
Total Stockholders' Equity | 473,061 | 87,389 |
Total Liabilities and Stockholders' Equity | $497,773 | $156,386 |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthentical) (USD $) | Aug. 31, 2013 | Aug. 31, 2012 |
Statement of Financial Position [Abstract] | ' | ' |
Capital stock, par value ( In dollars per shares) | $0.00 | $0.00 |
Capital stock, shares authorized | 200,000,000 | 200,000,000 |
Capital stock, shares issued | 34,614,489 | 7,420,109 |
Capital stock, shares outstanding | 34,614,489 | 7,420,109 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (USD $) | 12 Months Ended | 123 Months Ended | |
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
EXPENSES | ' | ' | ' |
Professional fees | $866,071 | $220,671 | $1,873,254 |
Mineral property claims maintenance fee | 91,140 | ' | 91,140 |
Exploration | 4,017 | 22,656 | 119,740 |
Advertising and promotion | 7,526 | 1,788 | 16,707 |
Telecommunications | 6,422 | 2,184 | 17,055 |
Rent and occupancy costs | 16,450 | 7,728 | 27,310 |
Office and general | 16,886 | 4,470 | 30,104 |
Interest and bank charges | 83,775 | 40,183 | 128,519 |
Foreign currency exchange loss | 262 | ' | 262 |
Depreciation | 200 | 120 | 320 |
TOTAL OPERATING EXPENSES | 1,092,749 | 299,800 | 2,304,411 |
LOSS FROM OPERATIONS | -1,092,749 | -299,800 | -2,304,411 |
Interest income | ' | ' | 11,821 |
Impairment of mineral property claims | -133,108 | -451,870 | -584,978 |
Impairment of convertible note receivable | ' | -23,621 | -23,621 |
LOSS FROM CONTINUING OPERATIONS BEFORE TAX | -1,225,857 | -775,291 | -2,901,189 |
Income tax | ' | ' | ' |
LOSS FROM CONTINUING OPERATIONS | -1,225,857 | -775,291 | -2,901,189 |
LOSS FROM DISCONTINUED OPERATION, NET OF TAX | ' | -3,742 | -145,850 |
NET LOSS | -1,225,857 | -779,033 | -3,047,039 |
OTHER COMPREHENSIVE LOSS FROM CONTINUING OPERATIONS | ' | ' | ' |
Foreign currency translation adjustment | ' | 896 | ' |
Unrealized loss on convertible note receivable and available-for-sale securities, net of tax | ' | 23,621 | ' |
COMPREHENSIVE LOSS OF CONTINUING OPERATIONS | -1,225,857 | -750,774 | ' |
OTHER COMPREHENSIVE LOSS FROM DISCONTINUED OPERATIONS | ' | ' | ' |
Foreign currency translation adjustment | ' | 109 | ' |
COMPREHENSIVE LOSS OF DISCONTINUED OPERATIONS | ' | -3,633 | ' |
TOTAL COMPREHENSIVE LOSS | ($1,225,857) | ($754,407) | ' |
LOSS FROM CONTINUING OPERATIONS PER SHARE - BASIC AND DILUTED | ($0.06) | ($0.11) | ' |
LOSS FROM DISCONTINUED OPERATIONS PER SHARE - BASIC AND DILUTED | ' | ' | ' |
NET LOSS PER SHARES - BASIC AND DILUTED | ($0.06) | ($0.11) | ' |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED | 21,807,142 | 7,122,884 | ' |
Consolidated_Statements_of_Sto
Consolidated Statements of Stockholders' Equity (USD $) | Total | Common Stock | Additional Paid In Capital | Common Stock Issuable | Accumulated Other Comprehensive Loss | Deficit Accumulated During The Development Exploration Stage |
Opening Balance at Jun. 05, 2003 | ' | ' | ' | ' | ' | ' |
Issuance of common stock at inception | $200 | $250 | ($50) | ' | ' | ' |
Issuance of common stock at inception, shares | ' | 250,000 | ' | ' | ' | ' |
Foreign currency translation | -109 | ' | ' | ' | -109 | ' |
Net loss | -1,257 | ' | ' | ' | ' | -1,257 |
Balance at Aug. 31, 2003 | -1,166 | 250 | -50 | ' | -109 | -1,257 |
Balance,shares at Aug. 31, 2003 | ' | 250,000 | ' | ' | ' | ' |
Foreign currency translation | -505 | ' | ' | ' | -505 | ' |
Net loss | -5,825 | ' | ' | ' | ' | -5,825 |
Balance at Aug. 31, 2004 | -7,496 | 250 | -50 | ' | -614 | -7,082 |
Balance,shares at Aug. 31, 2004 | ' | 250,000 | ' | ' | ' | ' |
Foreign currency translation | -504 | ' | ' | ' | -504 | ' |
Net loss | -5,810 | ' | ' | ' | ' | -5,810 |
Balance at Aug. 31, 2005 | -13,810 | 250 | -50 | ' | -1,118 | -12,892 |
Balance,shares at Aug. 31, 2005 | ' | 250,000 | ' | ' | ' | ' |
Foreign currency translation | 8,200 | ' | ' | ' | 8,200 | ' |
Net loss | -18,388 | ' | ' | ' | ' | -18,388 |
Balance at Aug. 31, 2006 | -23,998 | 250 | -50 | ' | 7,082 | -31,280 |
Beginning Balance, shares at Aug. 31, 2006 | ' | 250,000 | ' | ' | ' | ' |
Issuance of common stock for cash | 50 | 62 | -12 | ' | ' | ' |
Issuance of common stock for cash, shares | ' | 62,500 | ' | ' | ' | ' |
Unrealized loss on convertible notes receivable | -2,815 | ' | ' | ' | -2,815 | ' |
Foreign currency translation | -12,682 | ' | ' | ' | -12,682 | ' |
Net loss | -16,945 | ' | ' | ' | ' | -16,945 |
Balance at Aug. 31, 2007 | -56,390 | 312 | -62 | ' | -8,415 | -48,225 |
Balance,shares at Aug. 31, 2007 | ' | 312,500 | ' | ' | ' | ' |
Issuance of common stock for cash | 35,900 | 449 | 35,451 | ' | ' | ' |
Issuance of common stock for cash, shares | ' | 448,750 | ' | ' | ' | ' |
Issuance of common stock for consulting services | 1,000 | 13 | 987 | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | 12,500 | ' | ' | ' | ' |
Unrealized loss on convertible notes receivable | -1,994 | ' | ' | ' | -1,994 | ' |
Foreign currency translation | 3,926 | ' | ' | ' | 3,926 | ' |
Net loss | -94,389 | ' | ' | ' | ' | -94,389 |
Balance at Aug. 31, 2008 | -111,947 | 774 | 36,376 | ' | -6,483 | -142,614 |
Balance,shares at Aug. 31, 2008 | ' | 773,750 | ' | ' | ' | ' |
Issuance of common stock for consulting services | 50,000 | 125 | 49,875 | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | 125,000 | ' | ' | ' | ' |
Foreign currency translation | -973 | ' | ' | ' | -973 | ' |
Net loss | -124,214 | ' | ' | ' | ' | -124,214 |
Balance at Aug. 31, 2009 | -187,134 | 899 | 86,251 | ' | -7,456 | -266,828 |
Balance,shares at Aug. 31, 2009 | ' | 898,750 | ' | ' | ' | ' |
Issuance of common stock for cash | 75,000 | 250 | 74,750 | ' | ' | ' |
Issuance of common stock for cash, shares | ' | 250,000 | ' | ' | ' | ' |
Issuance of common stock for consulting services | 50,000 | ' | ' | 50,000 | ' | ' |
Issuance of common stock for accounts payable | 10,000 | 25 | 9,975 | ' | ' | ' |
Issuance of common stock for accounts payable, shares | ' | 25,000 | ' | ' | ' | ' |
Issuance of common stock for debt conversion | 120,000 | 750 | 119,250 | ' | ' | ' |
Issuance of common stock for debt conversion, shares | ' | 750,000 | ' | ' | ' | ' |
Foreign currency translation | 2,442 | ' | ' | ' | 2,442 | ' |
Forgiveness of advances from related party | 120,000 | ' | 120,000 | ' | ' | ' |
Net loss | -267,389 | ' | ' | ' | ' | -267,389 |
Balance at Aug. 31, 2010 | -77,081 | 1,924 | 410,226 | 50,000 | -5,014 | -534,217 |
Balance,shares at Aug. 31, 2010 | ' | 1,923,750 | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | 400,000 | 2,500 | 397,500 | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims, shares. | ' | 2,500,000 | ' | ' | ' | ' |
Issuance of common stock for accounts payable | ' | 250 | 49,750 | -50,000 | ' | ' |
Issuance of common stock for accounts payable, shares | ' | 250,000 | ' | ' | ' | ' |
Issuance of common stock for debt conversion | 14,990 | 75 | 14,915 | ' | ' | ' |
Issuance of common stock for debt conversion, shares | ' | 75,000 | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | 810,533 | 2,059 | 808,494 | ' | ' | ' |
Issuance of common stock for cash, net of commissions shares | ' | 2,059,275 | ' | ' | ' | ' |
Unrealized loss on convertible notes receivable | -23,622 | ' | ' | ' | -23,622 | ' |
Foreign currency translation | -5,530 | ' | ' | ' | -5,530 | ' |
Net loss | -498,393 | ' | ' | ' | ' | -498,393 |
Balance at Aug. 31, 2011 | 620,917 | 6,808 | 1,680,885 | ' | -34,166 | -1,032,610 |
Balance,shares at Aug. 31, 2011 | ' | 6,808,025 | ' | ' | ' | ' |
Issuance of common stock for rent | 3,500 | 16 | 3,484 | ' | ' | ' |
Issuance of common stock for rent, shares | ' | 15,625 | ' | ' | ' | ' |
Issuance of common stock for consulting services | 18,000 | 45 | 17,955 | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | 45,000 | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | 20,000 | 250 | 19,750 | ' | ' | ' |
Issuance of common stock for purchase of properties, shares | ' | 250,000 | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | 54,378 | 301 | 54,077 | ' | ' | ' |
Issuance of common stock for cash, net of commissions shares | ' | 301,459 | ' | ' | ' | ' |
Convertible debentures equity portion | 125,000 | ' | 125,000 | ' | ' | ' |
Realized loss on available for sale securities | ' | ' | ' | ' | 4,809 | -4,809 |
Realized loss on convertible notes receivable | 23,621 | ' | ' | ' | 23,621 | ' |
Foreign currency translation | 1,006 | ' | ' | ' | 5,736 | -4,730 |
Net loss | -779,033 | ' | ' | ' | ' | -779,033 |
Balance at Aug. 31, 2012 | 87,389 | 7,420 | 1,901,151 | ' | ' | -1,821,182 |
Balance,shares at Aug. 31, 2012 | ' | 7,420,109 | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | 299,970 | 19,300 | 280,670 | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims, shares. | ' | 19,300,000 | ' | ' | ' | ' |
Issuance of common stock for cash | 508,284 | 2,753 | 505,531 | ' | ' | ' |
Issuance of common stock for cash, shares | ' | 2,753,148 | ' | ' | ' | ' |
Issuance of common stock for consulting services | 675,000 | 4,500 | 670,500 | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | 4,500,000 | ' | ' | ' | ' |
Issuance of common stock for debt conversion | 128,275 | 642 | 127,633 | ' | ' | ' |
Issuance of common stock for debt conversion, shares | ' | 641,370 | ' | ' | ' | ' |
Net loss | -1,225,857 | ' | ' | ' | ' | -1,225,857 |
Balance at Aug. 31, 2013 | $473,061 | $34,615 | $3,485,485 | ' | ' | ($3,047,039) |
Balance,shares at Aug. 31, 2013 | ' | 34,614,627 | ' | ' | ' | ' |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (Unaudited) (USD $) | 12 Months Ended | 123 Months Ended | |
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ' | ' | ' |
Net loss | ($1,225,857) | ($779,033) | ($3,047,039) |
Less: Loss from discontinued operations, net of tax expense | ' | 3,742 | 145,850 |
LOSS FROM CONTINUING OPERATIONS | -1,225,857 | -775,291 | -2,901,189 |
Items not affecting cash | ' | ' | ' |
Depreciation | 200 | 120 | 320 |
Accretion expense on convertible notes payable | 88,542 | 36,459 | 125,000 |
Accrued interest on convertible notes payable | 3,274 | ' | 3,274 |
Impairment of mineral property claims | 133,108 | 451,870 | 584,978 |
Impairment of convertible note receivable | ' | 23,621 | 23,621 |
Loss on disposal of assets | ' | ' | 2,762 |
Issuance of common stock for services | 600,000 | 18,000 | 719,000 |
Issuance of common stock for rental | ' | 3,500 | 3,500 |
Write off of deferred offering costs | ' | ' | 120,000 |
Change in prepaid and sundry | 5,533 | -5,289 | -5,596 |
Change in accounts payable and accrued liabilities | -23,936 | 13,721 | 8,603 |
Net cash used in operating activities from continuing operations | -419,136 | -233,289 | -1,315,727 |
Net cash used in operating activities from discontinued operations | ' | -2,564 | -114,257 |
CASH FLOWS USED IN OPERATING ACTIVITIES | -419,136 | -235,854 | -1,429,984 |
CASH FLOWS FROM INVESTING ACTIVITIES | ' | ' | ' |
Acquisition of mineral property claims | -80,000 | -14,978 | -94,978 |
Disposition of equipment | ' | ' | 4,462 |
Acquisition of equipment | ' | -1,130 | -30,124 |
CASH FLOWS USED IN INVESTING ACTIVITIES | -80,000 | -16,108 | -120,640 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' |
Convertible notes receivable | ' | ' | -21,978 |
Proceeds from convertible note payable | ' | 125,000 | 153,540 |
Repayment of convertible notes payable | ' | -3,550 | -163,550 |
Advances from a related party | 16,109 | ' | 141,109 |
Repayment of advance from a related party | ' | -203 | ' |
Issuance of common stock, net of issuance costs | 508,285 | 54,378 | 1,484,166 |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 524,394 | 175,625 | 1,593,287 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | ' | 651 | -6,214 |
NET INCREASE (DECREASE) IN CASH | 25,258 | -75,685 | 36,449 |
CASH, BEGINNING OF PERIOD | 11,191 | 86,876 | ' |
CASH, END OF PERIOD | 36,449 | 11,191 | 36,449 |
NON CASH INVESTING AND FINANCING ACTIVITES | ' | ' | ' |
Issuance of common stock for acquisition of mineral property claims | 299,970 | 20,000 | ' |
Convertible debt payable and accrued interest converted to common stock | $128,274 | ' | ' |
Nature_of_Operations_and_Organ
Nature of Operations and Organization | 12 Months Ended | |
Aug. 31, 2013 | ||
Organization and Nature of Operations and Basis of Presentation [Abstract] | ' | |
NATURE OF OPERATIONS AND ORGANIZATION | ' | |
1 | NATURE OF OPERATIONS AND ORGANIZATION | |
Rimrock Gold is a diversified mineral exploration company focused on identifying, acquiring, advancing, and drilling high-grade gold-silver exploration projects in Nevada, and lithium exploration projects in Quebec. | ||
Rimrock Gold Corp., formerly named Tucana Lithium Corp., Oteegee Innovations Inc. and Pay By The Day Holdings Inc., (the “Company” or “Rimrock”) was incorporated in August 2007 in the State of Nevada. | ||
On August 31, 2007 we entered into a share exchange agreement with Pay By The Day Company Inc., an Ontario Corporation incorporated in June 2003 (“PBTD” or “Pay By The Day”), whereby PBTD became our wholly owned subsidiary. PBTD commenced operations in July 2003 and at the time of the share exchange agreement the sole owner of PBTD was Jordan Starkman, the Company’s sole officer and director. | ||
On 12 March 2010, the Company entered into a non-binding letter of intent (“Letter of Intent”) with Grail Semiconductor, Inc. (“Grail”), to acquire all of the assets of Grail. As a result of entering into the Letter of Intent, on 22 March 2010, the Company filed a certificate of amendment to the Company’s articles of incorporation with the Nevada Secretary of State changing the Company’s name to Oteegee Innovations, Inc. | ||
On April 7, 2010, the Company effected a 1 for 10 forward split of its issued and outstanding common stock. The Company’s issued and outstanding common shares were increased from 1,539,000 to 15,390,000. The Company also increased its authorized common shares from 100,000,000 to 200,000,000. | ||
On July 6, 2010, the Company closed a share exchange agreement with Oteegee International Holdings Limited, a company incorporated in Hong Kong (“Oteegee”). Pursuant to the share exchange agreement, the Company issued 61,647,250 shares of common stock pending the close of the share exchange agreement in exchange for 4,000 common shares representing 40% of Oteegee. | ||
On August 20, 2010, the Company received a notice of termination of the Letter of Intent with Grail, and as a result, the Company cancelled the 61,647,250 of its common shares issued to Oteegee. The Letter of Intent was terminated due to the Company’s inability to raise preliminary funding during the due diligence period of the Letter of Intent. In accordance with the Letter of Intent, the Company is entitled to convert its advances to Grail into equity of Grail. | ||
On December 2, 2010 the Company closed an Asset Purchase Agreement with Alain Champagne and other parties to acquire a One Hundred (100%) interest in the Abigail Lithium Project located in the James Bay, Quebec region of Canada (the “Property”). It is covered by NTS sheets 32O12 and 32O13. The Property is made up of 222 map-designated cells totaling approx 11,844 hectares. Pursuant to the Abigail purchase Agreement, on December 7, 2010 the Company issued a total of 15,000,000 shares of common stock plus committed to an additional payment of $250,000 in cash with $100,000 payable 90 days from the closing of the Agreement and $150,000 payable 180 days from the closing of the Agreement. In addition, the Company agreed to a minimum initial exploration work budget of $300,000 to commence no later than May 16, 2011. The Company announced on June 27, 2011 it started its first phase of the exploration campaign on the Property. The program commence date was delayed due to poor weather conditions in the region. | ||
In March 2011, the Company issued 5,000,000 shares of common stock at $0.02 per share reflecting the first payment of $100,000 for the Property. On May 15, 2011, the Company issued a 10% Convertible Debenture with a principal amount of $150,000 (the “Debenture”) to Alain Champagne (the “Holder”). The Debenture is due twelve months from the date of issuance. Additionally, the Holder is entitled to convert, at any time, until the Debenture is paid in full, all or any part of the principal plus accrued interest into shares of the Company’s common stock at a per share conversion price of $0.15. On May 24, 2011 the Company repaid $100,000 and on June 25, 2011 the Company paid off the balance of $50,000 fulfilling all the obligations to the Selling Group for the purchase price of the Property. In July 2011, the Ministry of Natural Resources transferred all mining claims into the name of Tucana Exploration Inc., a company incorporated in the State of Wyoming on February 22, 2011 (“Tucana”). Tucana is a 100% wholly owned subsidiary of the Company. | ||
After spending a total amount of $2,500,000 on the Project, the Seller Group will receive an additional 1,000,000 shares of the Company’s common stock and an additional cash payment of $250,000. After spending a total amount of $5,000,000 on the Project, the Seller Group will receive an additional 1,000,000 shares of the Company’s common stock and an additional cash payment of $250,000. If a feasibility study is put in place an additional 1,000,000 shares and $250,000 will be delivered to the Seller Group, and if a bank feasibility is put in place a further 2,000,000 shares and $500,000 cash will be delivered to the Seller Group. The Company has also agreed to pay the Selling Group a 3% royalty on any commercial producing mineral deposit. | ||
On May 3, 2011, the Company filed a certificate of amendment to amend the articles of incorporation with the Nevada Secretary of State changing the Company’s name to Tucana Lithium Corp. | ||
In December 2011, the Company staked an additional 83 claims in the James Bay region of Quebec. The claims are 100% owned by the Company and registered in the name of Tucana's subsidiary, Tucana Exploration Inc. The property is made up of 83 map-designated cells totaling 4,439 hectares with 82 claims covered by NTS sheets 32O12 and 1 claim covered by NTS sheets 32N09. The cost of staking the claims was $8,215. The claims will expire in November 2013 and exploration work in the amount of $100,000 will be required upon renewal. The Company secured the additional claims based upon the NI 43-101 technical report and the magnetic and gradiometric airborne survey released by the Quebec Ministry of Natural Resources in September 2011. The Lac des Montagnes formation is the most fertile rock in this area for massive sulfides, and it is the same kind of volcano-sedimentary belt you would find in the Rouyn-Noranda and Val d'Or area yet more metamorphosed. The gradiometric magnetic survey shows magnetic anomalies are present on the property and should be further investigated. | ||
In March 2012, the Company renewed 71 mineral claims on the Abigail property based upon the exploration work reported in the summer of 2011. These claims will expire between April and May 2014 and exploration work in the amount of $84,000 will be required upon renewal. In addition, the Company has dropped 85 mineral claims located on the northern perimeter of the property. The Company's decision was based upon the results from the exploration program in the summer 2011 and a review of the airborne magnetic survey. | ||
On May 11, 2012, the Company entered into an Asset Purchase Agreement (the “Assets Purchase Agreement”) with a group of sellers with Alain Champagne as the representative (“the Selling Group”) to acquire from the Selling Group all of the interest in two mining properties known as the Lac Kame and EM-1 both located in the Nemaska area of James Bay, Quebec region of Canada (the “Acquired Mines”), and in exchange, the Company shall issue a total of 2,000,000 shares of the Company’s common stock (the “Shares”) and make a cash payment of $3,000 to the Selling Group(the “Assets Acquisition”). The amount of consideration paid for the Acquired Mines is less than 10% of the total assets of the Company as of the closing of the Assets Acquisition. In addition, pursuant to the Assets Purchase Agreement, the Company agreed to an additional payment of $50,000 and the issuance of 1,000,000 shares to the Selling Group if and when the Company spends a total of $1,000,000, an additional payment of $100,000 and the issuance of 1,000,000 shares if and when the Company spends $2,500,000, and an additional payment of $150,000 and the issuance of 1,000,000 shares if and when the Company spends a total of $5,000,000 on the Acquired Mines. The amount of spending by the Company on the Acquired Mines is deemed as an index of any previously unidentified and additional value of the properties. The Company also agreed to pay the Selling Group a 3% net smelter royalty on any commercial producing mineral deposit from the Acquired Mines pursuant to the Assets Purchase Agreement. The Company's main interest with the newly acquired claims will be magnetic anomalies for kimberlite based upon the airborne magnetic survey released in October 2011. | ||
On May 11, 2012, the Company also entered into a stock purchase agreement with Jordan Starkman, Chief Executive Officer and the sole director of the Company, pursuant to which, Mr. Starkman acquired all of the issued and outstanding common shares of the PBTD. Upon sale of PBTD, the Company didn’t recognize a gain or loss since PBTD was dormant with limited transactions. | ||
On January 24, 2013, the Company filed a certificate of amendment to amend the articles of incorporation with the Nevada Secretary of State changing the Company’s name to Rimrock Gold Corp. | ||
On February 11, 2013, Rimrock Gold Corp., closed an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Tucana Holdings Inc., a Nevada corporation and wholly-owned subsidiary of the Company (“Holdings”), and Rimrock Mining, Inc., a Nevada corporation (“Rimrock”), pursuant to which Holdings merged with and into Rimrock, and Rimrock became a wholly-owned subsidiary of the Company. Pursuant to the terms of the Merger Agreement, the Company acquired all the interest in three prospective gold exploration properties known as Rimrock Property, West Silver Cloud and Pony Spur, located in northeast Nevada (the “Acquired Properties”) and issued 17,800,000 shares of its common stock, par value $0.001 (the “Common Stock”), to the sellers of the Acquired Properties as consideration for such properties. | ||
In accordance with the guidance provided in ASC 805-50-30-5, the transaction has been accounted for as “Transactions between Entities under Common Control”. The acquired properties were recorded based on the carrying amounts in the accounts of the transferring entity at the date of transfer. In addition, the Company issued 2,000,000 shares of its common stock to a consultant and paid legal charges amounting to $52,117 in connection with the transaction. Any mineral production from the Rimrock, West Silver Cloud, and Pony Spur Properties is subject to Net Smelter Returns royalties of 3%. | ||
As a condition to closing of the Merger Agreement, on February 8, 2013 the Company effected a 1-for-8 reverse split of the issued and outstanding shares of the Common Stock (the “Reverse Stock Split”). As a result, the issued and outstanding shares of Common Stock decreased from 66,435,908 shares prior to the Reverse Stock Split to 8,304,488 shares following the Reverse Stock Split. | ||
Concurrent with the acquisition, the Company completed an initial closing (the “Initial Closing”) of a “best efforts min-max” private offering of a minimum of $500,000 up to a maximum $1,000,000 (the “Offering”) with a group of accredited investors (the “Purchasers”) for total gross proceeds to us of $502,000. Pursuant to a subscription agreement with the Purchasers (the “Subscription Agreement”), we issued to the Purchasers (i) shares of our Common Stock at a purchase price of $0.20 per share; and (the “Shares”) and (ii) warrants (the “Warrants”) to purchase shares (the “Warrant Shares” and together with the Shares and the Warrants, the “Securities”) of our Common Stock at an exercise price of $0.30 per share. | ||
On May 3, 2013, Rimrock Gold Corp. (the “Company”) entered into a purchase agreement (the “Purchase Agreement”) with Geologix Explorations Inc., a corporation existing under the laws of the Province of British Columbia (“Geologix Canada”) and Geologix (U.S.) Inc., a Nevada corporation (“Geologix USA” and, together with Geologix Canada, “Geologix”) to acquire an exploration epithermal bonanaza gold-silver property in Nevada know as the Silver Cloud Property (the “Silver Cloud Property”). Pursuant to the Purchase Agreement, the Company acquired from Geologix a one hundred percent (100%) interest in and to: (i) certain properties that compress 552 unpatented mining claims totaling 11,210 (the “Mining Claims” comprised of the Geologix Claims and the Pescio Claims), and (ii) a lease agreement dated June 1, 1999 between Geologix USA as successor to Teck Resources Inc., and Carl Pescio and Janet Pescio in respect of those Mining Claims held by Pescio (the “Pescio Lease”). The Company is also required to pay $50,000 to the Pescio family annually. The lease term is to June 30, 2023 with option to extend the lease term for three subsequent ten years terms. In consideration for the Mining Claims and the Pescio Lease, the Company shall issue to Geologix 500,000 shares of the Company’s common stock (the “Rimrock Shares”) comprised of 400,000 shares to Geologix and 100,000 shares Geologix is required to assign to Teck Resources Inc. In addition, if the Company delineates more than two million ounces of gold in proven and probable reserves on the Mining Claims, then the Company will issue a further 250,000 common shares of the Company to Geologix. Any mineral production from the Silver Cloud Property is subject to net smelter return royalties of 2% due to Royal Gold Inc. and 3% to the underlying claim owners. | ||
Geologix has agreed not to sell, transfer, negotiate or enter into any agreement to sell or announce an intention to sell or transfer two-hundred thousand (200,000) of the Rimrock Shares for a period of six (6) months from their date of issuance and the remaining two-hundred thousand (200,000) Rimrock Shares for a period of twelve (12) months from their date of issuance. | ||
On August 31, 2013, Tucana Exploration Inc., a wholly owned subsidiary of Rimrock Gold Corp., decided to write down the entire book value of the 215 claims in Abigail property based on the management’s decision to not renew any of the claims upon their expiration in 2014. | ||
The Company operates Tucana Exploration Inc. and Rimrock Mining, Inc. as wholly owned subsidiaries. | ||
The Company operates under the web-site address www.rimrockgold.com. |
Basis_of_Presentation_And_Prin
Basis of Presentation And Principales of Consolidation | 12 Months Ended | |
Aug. 31, 2013 | ||
Organization and Nature of Operations and Basis of Presentation [Abstract] | ' | |
BASIS OF PRESENTATION AND PRINCIPALES OF CONSOLIDATION | ' | |
2 | BASIS OF PRESENTATION | |
The accompanying consolidated financial statements of the Company include the accounts of Rimrock Gold Corp. and its wholly owned subsidiaries. Inter-company balances and transactions have been eliminated upon consolidation. | ||
The Company is considered to be in the development stage as defined in Accounting Standards Codification (“ASC”) 915, Development Stage Entities. The Company has devoted substantially all of its efforts to business planning and development by means of raising capital for operations. The Company has also not realized any significant revenues. Among the disclosures required by ASC 915 are that the Company's financial statements be identified as those of a development stage company, and that the statements of operations and comprehensive loss, stockholders' equity and cash flows disclose activity since the date of the Company's inception. | ||
These Consolidated financial statements are presented in accordance with GAAP accepted in the United States. | ||
Going_Concern
Going Concern | 12 Months Ended | |
Aug. 31, 2013 | ||
Going Concern [Abstract] | ' | |
GOING CONCERN | ' | |
3 | GOING CONCERN | |
These consolidated financial statements have been prepared assuming the Company will continue on a going-concern basis. The Company has incurred losses since inception and the ability of the Company to continue as a going-concern depends upon its ability to develop profitable operations and to continue to raise adequate financing. Management is actively targeting sources of additional financing to provide continuation of the Company’s operations. In order for the Company to meet its liabilities as they come due and to continue its operations, the Company is solely dependent upon its ability to generate such financing. The Company is actively seeking financing to fully execute the next phase of the Company’s exploration campaign and future acquisitions. Any capital raised will be through either a private placement or a convertible debenture and will result in the issuance of common shares from the Company’s authorized capital. The Company believes it can satisfy minimum cash requirements for the next twelve months with either an equity financing, convertible debenture or if needed, loans from shareholders. | ||
There can be no assurance that the Company will be able to continue to raise funds, in which case the Company may be unable to meet its obligations. Should the Company be unable to realize its assets and discharge its liabilities in the normal course of business, the net realizable value of its assets may be materially less than the amounts recorded in these consolidated financial statements. | ||
The consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue in existence. |
Summary_of_Significant_Account
Summary of Significant Accounting Policies | 12 Months Ended | |
Aug. 31, 2013 | ||
Summary of Significant Accounting Policies [Abstract] | ' | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ' | |
4 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | |
The accounting policies of the Company are in accordance with accounting principles generally accepted in the United States of America. Presented below are those policies considered particularly significant: | ||
Exploration Stage Company | ||
The Company is an exploration stage company. The Company is still devoting substantially all of its efforts on establishing the business. All losses accumulated, since inception, have been considered as part of the Company’s exploration stage activities. | ||
Mineral Properties and Exploration and Development Costs | ||
The costs of acquiring mineral rights are capitalized at the date of acquisition. After acquisition, various factors can affect the recoverability of the capitalized costs. If, after review, management concludes that the carrying amount of a mineral property is impaired, it will be written down to estimated fair value. Exploration and pre-extraction expenditures incurred on mineral properties are expensed as incurred until such time the Company exits the Exploration Stage by establishing proven or probable reserves, as defined by the SEC under Industry Guide 7, through the completion of a “final” or “bankable” feasibility study. Development costs incurred on proven and probable reserves will be capitalized. Upon commencement of production, capitalized costs will be amortized using the unit-of-production method over the estimated life of the ore body based on proven and probable reserves (which exclude non-recoverable reserves and anticipated processing losses). When the Company receives an option payment related to a property, the proceeds of the payment are applied to reduce the carrying value of the exploration asset. Under Industry Guide 7, the Company does not have proven or probable reserves. | ||
Impairment of Long-Lived Assets | ||
Long-lived assets to be held and used are analyzed for impairment whenever events or changes in circumstances indicated that the related carrying amounts may not be recoverable. The Company evaluates at each balance sheet date whether events and circumstances have occurred that indicate possible impairment. If there are indications of impairment, the Company uses future undiscounted cash flows of the related asset or asset grouping over the remaining life in measuring whether the assets are recoverable or comparisons with other comparable assets in the vicinity or some business as may be applicable under the circumstances. In the event such cash flows are not expected to be sufficient to recover the recorded asset values, the assets are written down to their estimated fair value. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value of the asset less costs to sell. | ||
Cash | ||
Cash consists of commercial accounts and interest-bearing bank deposits and are carried at cost, which approximates current value. | ||
Fair Value of Financial Assets and Financial Liabilities | ||
The Company measures its financial assets and liabilities in accordance with the requirements of ASC 820, Fair Value Measurements and Disclosures. ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows: | ||
Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the reporting date. | ||
Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. | ||
Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information | ||
The Company's financial instruments consist of cash, accounts payable and accrued liabilities, convertible notes payable, and advances from related party. 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. The fair value of these financial instruments approximates their carrying values due to the short-term maturity of these instruments. | ||
Foreign Translation Adjustment | ||
The accounts of the Company’s foreign subsidiaries whose functional currency is the Canadian dollar, were translated into United States dollars in accordance with the provisions of ASC 830, Foreign Currency Matters. In accordance with the provisions of ASC 830, transaction gains and losses on these assets and liabilities are included in the determination of income for the relevant periods. Adjustments resulting from the translation of the consolidated financial statements from their functional currencies to United States dollars are accumulated as a separate component of accumulated other comprehensive income (loss) and have not been included in the determination of income for the relevant periods. | ||
Income Taxes | ||
The Company accounts for income taxes pursuant to ASC 740, Income Taxes. Deferred tax assets and liabilities are recorded for differences between the financial statements and tax basis of the assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is recorded for the amount of income tax payable or refundable for the period increased or decreased by the change in deferred tax assets and liabilities during the period. | ||
Use of Estimates | ||
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known. The estimates on depreciation were based on the estimated useful lives of the Company's assets. Any estimates during the period have had an immaterial effect on earnings. | ||
Loss Per Share | ||
The Company accounts for loss per share pursuant ASC 260, Earnings per Share, which require disclosure on the financial statements of “basic” and “diluted” earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus common stock equivalents (if dilutive) related to stock options and warrants for each year. | ||
There were no dilutive financial instruments for the year ended August 31, 2013 and 2012 or for the period from inception (June 5, 2003) to August 31, 2013, as the inclusion of dilutive shares would be anti-dilutive. | ||
Comprehensive Income/(Loss) | ||
The Company follows the guidance in ASC 220, Comprehensive Income. ASC 220 establishes standards for the reporting and presentation of comprehensive income and its components in a full set of consolidated financial statements. Comprehensive income is presented in the statements of changes in stockholders' equity (deficit), and consists of unrealized gains (losses) on available for sale marketable securities and foreign currency translation adjustments. ASC 220 requires only additional disclosures in the consolidated financial statements and does not affect the Company's financial position or results of operations. | ||
Equipment | ||
Equipment is stated at cost less accumulated depreciation. Depreciation, based on the estimated useful lives of the assets, is provided using the under noted annual rates and methods: | ||
Furniture and fixtures | 20% declining balance | |
Computer | 30% declining balance | |
Stock-Based Compensation | ||
The Company accounts for Stock-Based Compensation in accordance with ASC 718, Compensation – Stock Compensation. ASC 718 establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity ’ s equity instruments or that may be settled by the issuance of those equity instruments. ASC 718 focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions. ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the consolidated financial statements. That cost is measured based on the fair value of the equity or liability instruments issued. | ||
Recent Accounting Pronouncements | ||
In December 2011, the FASB issued ASU No. 2011-11, Disclosures about Offsetting Assets and Liabilities (Topic 210). The new disclosure requirements mandate that entities disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement. In addition, the standard requires disclosure of collateral received and posted in connection with master netting agreements or similar arrangements. The amendments are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The disclosures required by the amendments are required to be applied retrospectively for all comparative periods presented. The Company does not believe the adoption of this standard will have a material impact on its condensed consolidated financial statements. | ||
In July 2012, the FASB issued ASU 2012-02, “Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” (ASU 2012-02), which permits an entity to make a qualitative assessment of whether it is more likely than not that the fair value of a reporting unit’s indefinite-lived intangible asset is less than the asset’s carrying value before applying the two-step goodwill impairment model that is currently in place. If it is determined through the qualitative assessment that the fair value of a reporting unit’s indefinite-lived intangible asset is more likely than not greater than the asset’s carrying value, the remaining impairment steps would be unnecessary. The qualitative assessment is optional, allowing companies to go directly to the quantitative assessment. ASU 2012-02 is effective for the Company for annual and interim indefinite-lived intangible asset impairment tests performed beginning August 1, 2013, however early adoption is permitted. The Company adopted ASU 2012-02 in its fiscal year 2013 consolidated financial statements. | ||
In February 2013, the FASB issued ASU 2013-02, which amends the authoritative accounting guidance under ASC Topic 220 “Comprehensive Income.” The amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under US GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under US GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under US GAAP that provide additional detail about those amounts. The amendments in this update are effective prospectively for reporting periods beginning after December 15, 2013. Early adoption is permitted. Adoption of this update is not expected to have a material effect on the Company’s consolidated results of operations or financial condition. | ||
In March 2013, the FASB issued guidance on a parent company’s accounting for the cumulative translation adjustment upon derecognition of a subsidiary or group of assets within a foreign entity. This new guidance requires that the parent company releases any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The new guidance will be effective for the Company beginning July 1, 2014. The adoption of this pronouncement is not expected to have a material impact on the Company’s financial statements. | ||
All other recent pronouncements issued by the FASB or other authoritative standards groups with future effective dates are either not applicable or are not expected to be significant to the consolidated financial statements of the Company. |
Discontinued_Operations
Discontinued Operations | 12 Months Ended | ||||||||||||
Aug. 31, 2013 | |||||||||||||
Discontinued Operations [Abstract] | ' | ||||||||||||
DISCONTINUED OPERATIONS | ' | ||||||||||||
5 | DISCONTINUED OPERATIONS | ||||||||||||
On May 11, 2012, the Company entered into a stock purchase agreement with Jordan Starkman, Chief Executive Officer and the director of the Company, pursuant to which, Mr. Starkman acquired all of the issued and outstanding common shares of the Company’s wholly-owned subsidiary Pay By The Day Company Inc. (“PBTD”). Upon sale of PBTD, no gain or loss was recognized since PBTD had limited transactions. | |||||||||||||
The operating results and cash flows of PBTD are reflected as discontinued operations in the consolidated financial statements for all periods presented. Although net earnings are not affected, the Company has reclassified the results from the discontinued operations in the comparative periods presented. | |||||||||||||
The following table summarizes the operating results of the discontinued operation for the period indicated: | |||||||||||||
For the Year Ended | For the Year Ended | For the Period | |||||||||||
August 31, | August 31, | from Inception | |||||||||||
2013 | 2012 | (June 5, 2003) to | |||||||||||
31-Aug-13 | |||||||||||||
Revenue | $ | - | $ | 3,024 | $ | 387,810 | |||||||
Cost of goods sold | 2,175 | 268,109 | |||||||||||
Gross profit | - | 849 | 119,701 | ||||||||||
Operating expenses | 4,591 | 265,551 | |||||||||||
Loss from discontinued operations before tax | (3,742 | ) | (145,850 | ) | |||||||||
Income taxes | - | - | |||||||||||
Loss from discontinued operations after income tax expenses | $ | - | $ | (3,742 | ) | $ | (145,850 | ) |
Equipment
Equipment | 12 Months Ended | ||||||||||||||||
Aug. 31, 2013 | |||||||||||||||||
Equipment [Abstract] | ' | ||||||||||||||||
EQUIPMENT | ' | ||||||||||||||||
6. | EQUIPMENT | ||||||||||||||||
The components of equipment were as follows: | |||||||||||||||||
Cost | Accumulated Depreciation | Net | Net | ||||||||||||||
2013 | 2012 | ||||||||||||||||
Furniture and equipment | $ | 3,634 | $ | 3,073 | $ | 561 | $ | 780 | |||||||||
Computer | 15,695 | 15,498 | 197 | 178 | |||||||||||||
$ | 19,329 | $ | 18,571 | $ | 758 | $ | 958 | ||||||||||
The depreciation charge for the years ended August 31, 2013 and 2012 are $200 and $120, respectively. |
Mineral_Property_Claims
Mineral Property Claims | 12 Months Ended | ||||||||
Aug. 31, 2013 | |||||||||
Mineral Property Claims and Impairment of Mineral Properties [Abstract] | ' | ||||||||
MINERAL PROPERTY CLAIMS | ' | ||||||||
7 | MINERAL PROPERTY CLAIMS | ||||||||
As at August 31, 2013, the Company had Lithium Property in the James Bay region of Quebec and Gold Property in Nevada. These mineral properties are acquired through purchase or lease agreements and are subject to varying royalty interests and lease payments. During the year ended August 31, 2013, annual maintenance payments of approximately $91,140 (2012 – Nil) were made to maintain these mineral properties. | |||||||||
Mineral property claims acquisition costs consist of the following: | |||||||||
31-Aug-13 | 31-Aug-12 | ||||||||
Lithium Properties (a) | $ | - | $ | 133,108 | |||||
Rimrock Property, West Silver Cloud and Pony Spur (b) | 74,970 | - | |||||||
Silver Cloud Property (c) | 305,000 | - | |||||||
$ | 379,970 | $ | 133,108 | ||||||
a. | Lithium Properties | ||||||||
The Company is currently exploring lithium deposits in the Abigail Lithium Property located in the James Bay region of Quebec, Canada. As of August 31, 2013, the property consists of 178 map-designated cells totaling approximately 9,510 hectares. In addition, the Company holds 12 map-designated cells just north of the Abigail property named Lac Kame and 25 map-designated cells named EM-1. Combined the Lac Kame property and EM-1, there are total 1,966 hectares. On August 31, 2013, management decided to fully write down the Abigail Lithium property, based on the management’s decision to not further renew the claims upon their expiration between November 2013 to November 2014. | |||||||||
b. | Rimrock Property, West Silver Cloud and Pony Spur | ||||||||
On February 11, 2013, the Company acquired interests in three prospective gold exploration properties known as the Rimrock Property, West Silver Cloud and Pony Spur, located in northeast Nevada. The Acquired Properties are comprised of almost 2,000 acres of land and are located on or in close proximity to the Carlin Trend and Midas Trend. At August 31, 2013, the capitalized costs totaled $74,970 (2012 – Nil). | |||||||||
The Company acquired these interests through the issuance of 17,800,000 shares of its common stock in exchange for 100% of the shares in Rimrock Mining, Inc., a Nevada corporation. Any mineral production from Rimrock, West Silver Cloud, and Pony Spur properties is subject to Net Smelter Returns royalties of 3%. Rimrock Mining, Inc. holds the interests in the properties and otherwise has nominal net assets. In accordance with the guidance provided in ASC 805-50-30-5, the transaction has been accounted for as “Transactions between Entities under Common Control”. The acquired properties were recorded based on the carrying amounts in the accounts of the transferring entity at the date of transfer. In addition, the Company issued 2,000,000 shares of its common stock to a consultant and paid legal charges amounting to $52,117 in connection with the transaction. These costs have been expensed in the period incurred. | |||||||||
c. | Silver Cloud Property | ||||||||
On May 3, 2013, the Company entered into a purchase agreement to acquire an exploration epithermal bonanaza gold-silver property in Nevada, known as the Silver Cloud Property. Pursuant to the Purchase Agreement, the Company acquired from Geologix a one hundred percent (100%) interest in and to: (i) the Mining Claims that compress 552 unpatented mining claims totaling 11,210 acres, and (ii) the Pescio Lease dated June 1, 1999 between Teck Resources Inc., and Carl Pescio and Janet Pescio, which requires that the Company pays $50,000 to Pescio family annually. The lease term is to June 30, 2023 with option to extend the lease term for three subsequent ten years terms. | |||||||||
In consideration for the Mining Claims and the Pescio Lease, the Company shall issue to Geologix 500,000 shares of the Company’s common stock (the “Rimrock Shares”) comprised of 400,000 shares to Geologix and 100,000 shares Geologix is required to assign to Teck Resources Inc. In addition, if the Company delineates more than two million ounces of gold in proven and probable reserves on the Mining Claims, then the Company will issue a further 250,000 common shares of the Company to Geologix. Any mineral production from the Silver Cloud Property is subject to net smelter return royalties of 2% due to Royal Gold Inc. and 3% to the underlying claim owners. These 500,000 shares were issued during the last quarter ended August 31, 2013. The acquired properties were recorded based on the fair value of the Company’s shares of common stock to be issued, which was determined based on a recent private placement transaction adjusted for the fair value of warrants issued under that transaction. | |||||||||
The Company issued 1,000,000 shares of its common stock to a consultant and paid legal charges of $30,000 in connection with the transaction. The total transaction costs of $180,000 have been included in the cost of the assets acquired. At August 31, 2013, the capitalized costs totaled $305,000 (2012 – Nil), including lease payment of $50,000 to Pescio family. |
Impairment_of_Mineral_Properti
Impairment of Mineral Properties | 12 Months Ended | |
Aug. 31, 2013 | ||
Mineral Property Claims and Impairment of Mineral Properties [Abstract] | ' | |
IMPARIRMENT OF MINERAL PROPERTIES | ' | |
8 | IMPAIRMENT OF MINERAL PROPERTIES | |
The Company’s mineral properties are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The Company evaluates at each balance sheet date whether events and circumstances have occurred that indicate possible impairment. If there are indications of impairmentor in the event such recoverable values are not expected to be sufficient to recover the recorded asset values, the assets are written down to their estimated fair value. | ||
As at August 31, 2013, the Company was looking at other properties in Nevada, Elko County surrounding areas to determine if there is any indication of impairment on our Rimrock, West Silver Cloud, Pony Spur and Silver Cloud mineral property claims. Since the surrounding areas still have comparable value, there is no reason to believe they have declined in value since acquired. | ||
On August 31, 2013, management decided to fully write down the capitalized cost of Abigail property, based on the management’s decision to not further renew the claims upon their expiration, and recognized an impairment loss of $133,108 for the year ended August 31, 2013. | ||
As at August 31, 2012, because the Company had not renewed 85 mineral claims located on the northern perimeter of the property, there was an indication for impairment, and the Company performed a quantitative analysis by evaluating the recoverability of the mineral claims and recognized an impairment loss of $451,870 on the mineral property claims for the year ended August 31, 2012. |
Advances_from_Related_Party
Advances from Related Party | 12 Months Ended | |
Aug. 31, 2013 | ||
Advances from a Related Party and Related Party Transactions [Abstract] | ' | |
ADVANCES FROM A RELATED PARTY | ' | |
9 | ADVANCES FROM A RELATED PARTY | |
The advances from stockholder were made from an officer who is a director. The amount is non-interest bearing, unsecured and due on demand. The carrying value of the advances approximates the market value due to the short term maturity of the financial instruments. | ||
This is a short term bridge loan from the director and will be repaid and borrowed frequently based on the Company’s operation requirement. There is no impairment due to the short term borrowing period. |
Convertible_Notes_Payable
Convertible Notes Payable | 12 Months Ended | ||||
Aug. 31, 2013 | |||||
Convertible Notes Payable [Abstract] | ' | ||||
CONVERTIBLE NOTES PAYABLE | ' | ||||
10 | CONVERTIBLE NOTES PAYABLE | ||||
On May 16, 2012, the Company issued a one-year convertible note payable in the amount of $125,000. The convertible note payable matures in twelve months, is unsecured, bears interest at 4% per annum and interest accrues and is payable in cash upon maturity or repayment of the principal prior to the date of maturity, provided that the elected conversion to common shares does not occur. At any time or times on or before May 16, 2013, the note holder shall be entitled to convert any portion of the outstanding and unpaid amount, including accrued interest, into fully paid and non-assessable shares of common stock at a conversion price of $0.20 per common share. In accordance with ASC 470-20, Debt with Conversions and Other Options, the Company recorded a beneficial conversion feature of $125,000 on the note. This amount was recorded as a debt discount and as an increase to additional paid-in capital as of the issuance date. For the year ended August 31, 2013, the Company recognized amortization on the debt discount related to the beneficial conversion feature of $88,542 (2012 - $36,458). | |||||
On January 9, 2013, the $125,000 convertible note payable including accrued interest of $3,274 were converted into 641,370 shares (5,130,958 shares on a pre-split basis) of common stock at price of $0.20 per share. | |||||
Carrying amount of convertible notes, September 1, 2011 | $ | 0 | |||
Add: Face Value | 125,000 | ||||
Discount on Note | (125,000 | ) | |||
Discount amortization | 36,458 | ||||
Carrying amount of convertible notes, August 31, 2012 | 36,458 | ||||
Discount amortization | 88,542 | ||||
Conversion to share | (125,000 | ) | |||
Carrying amount of convertible notes, August 31, 2013 | $ | - | |||
The accrued interest of $146 for the year ended August 31, 2013 (2012 - $3,128) was included in accounts payable and has been converted into common shares on January 9, 2013. |
Related_Party_Transactions
Related Party Transactions | 12 Months Ended | |
Aug. 31, 2013 | ||
Advances from a Related Party and Related Party Transactions [Abstract] | ' | |
RELATED PARTY TRANSACTIONS | ' | |
11 | RELATED PARTY TRANSACTIONS | |
The transactions with related parties were in the normal course of operations and were measured at the exchange value which represented the amount of consideration established and agreed to by the parties. Related party transactions not disclosed elsewhere in these consolidated financial statements are as follows: | ||
On May 11, 2012, the Company entered into a stock purchase agreement with Jordan Starkman Chief Executive Officer and the sole director of the Company, pursuant to which, Mr. Starkman acquired all of the issued and outstanding common shares of the Company’s wholly-owned subsidiary PBTD. Upon sale of PBTD, the Company didn’t recognize a gain or loss since PBTD is dormant with limited transactions. | ||
On March 1, 2013, The Company signed a one year consulting agreement with, Uptick Capital LLP, a United States company, under common control, and agreed to pay the Company 3,500,000 units of common stock for market expansion and business consulting. 2,500,000 shares have been issued up to August 31, 2013 and 1,000,000 shares will be issued within next year. | ||
Consulting fees paid to CEO for the year ended August 31, 2013 were $24,068 (2012 – $41,289). | ||
Consulting fees paid to Mr. Redfern for the year ended 31 August 2013 were $6,763.10 (2012 – Nil). | ||
Capital_Stock
Capital Stock | 12 Months Ended | ||||||||||||||||
Aug. 31, 2013 | |||||||||||||||||
Capital Stock [Abstract] | ' | ||||||||||||||||
CAPITAL STOCK | ' | ||||||||||||||||
12 | CAPITAL STOCK | ||||||||||||||||
a. | Common Stock | ||||||||||||||||
During fiscal 2003, the Company completed non-brokered private placements of 250,000 shares of common stock for proceeds of $200. | |||||||||||||||||
During fiscal 2007, the Company completed non-brokered private placements of 62,500 shares of common stock for proceeds of $50. | |||||||||||||||||
During fiscal 2008, the Company issued 12,500 shares of common stock for legal services rendered at $0.08 per share. | |||||||||||||||||
During fiscal 2008, the Company issued 448,750 shares of common stock for cash at $0.08 per share. | |||||||||||||||||
In August 2009 the company issued 125,000 shares of common stock for consulting services rendered at $0.4 per share. | |||||||||||||||||
In January 2010 a $120,000 note payable was converted to 750,000 shares of common stock in the Company at a price of $0.16 per share. | |||||||||||||||||
In January 2010 the Company issued 250,000 shares of common stock for cash at $0.3 per share. | |||||||||||||||||
In February 2010 the Company issued 25,000 shares of common stock in settlement of accounts payable at $0.4 per share. | |||||||||||||||||
On April 7, 2010, the Company affected a 1 for 10 forward split of its issued and outstanding common stock. The Company’s issued and outstanding common shares were increased from 192,375 to 1,923,750. All references in the financial statements to the number of shares outstanding and per share amounts of the Company’s common stock have been restated retroactively to reflect the effect of the stock split for all periods presented. The Company also increased its authorized common shares from 100,000,000 to 200,000,000. | |||||||||||||||||
During the year ended August 31, 2010, the Company recorded $50,000 for consulting services rendered in exchange for common shares to be issued. On March 1, 2011, the Company issued 250,000 shares of common stock at a price of $0.2 per share in settlement of these services. | |||||||||||||||||
In May 2010 the Company issued a one-year convertible note payable in the amount of $14,990. On April 16, 2011 the note payable was converted to 75,000 shares of common stock of the Company at $0.2 per share. | |||||||||||||||||
In December 2010, pursuant to the Agreement, the Company issued 1,875,000 shares of common stock at $0.16 per share to the Selling Group to acquire a 100% interest in the Property. On March 1, 2011, the Company issued an additional 625,000 shares of common stock at a price of $0.16 per share reflecting payment of $100,000 towards the Property. The shares issued in connection with the Property acquisition were based on the fair market value of the stock on the date of issuance. | |||||||||||||||||
During the year ended August 31, 2011, the Company issued 2,059,275 shares of common stock for total gross proceeds of $891,551 from various issuances in prices ranging from $0.24 to $0.88 per share. The Company paid $80,998 in commissions related to raising these proceeds and has accordingly been deducted from additional paid-in capital. The net proceeds from these issuances were $810,553. | |||||||||||||||||
In September 2011, the Company entered into a rental agreement for a period of two years commencing 1 September 2011. The Company paid $12,000 in cash and will deliver to the lessor shares of common stock worth $3,500 to fulfill rental payment for the entire term of lease. In April 2012, the Company issued 15,625 shares of common stock pursuant to the rental agreement at a price of $0.224 per share. | |||||||||||||||||
On September 5, 2011, the Company received $5,000 in exchange for 12,500 shares of common stock at $0.40 per share. These shares were issued on May 17, 2012. | |||||||||||||||||
On September 15, 2011, the Company issued 45,000 shares of common stock at $0.40 per share for consulting services. The services were valued based on the fair market value of the common stock on the date of issuance. | |||||||||||||||||
On December 15, 2011, the Company received $15,000 in exchange for 93,750 shares of common stock at $0.16 per share. These shares were issued on May 17, 2012. | |||||||||||||||||
On February 8, 2012, the Company received $6,600 in exchange for 27,500 shares of common stock at $0.24 per share. These shares were issued on May 17, 2012. | |||||||||||||||||
On February 29, 2012, the Company received $26,250 in exchange for 109,375 shares of common stock at $0.24 per share. These shares were issued on May 17, 2012. | |||||||||||||||||
On March 5, 2012, the Company received $5,000 in exchange for 20,833 shares of common stock at $0.24 per share. These shares were issued in August 2012. | |||||||||||||||||
On April 13, 2012, the Company received $9,000 in exchange for 37,500 shares of common stock at $0.24 per share. These shares were issued in August 2012. | |||||||||||||||||
On May 17, 2012, the Company issued 250,000 shares of common stock in connection with its purchase of the Lac Kame and EM-1 Properties, as disclosed in note 7. The issuance of these shares was recorded at a price of $0.08 per share. | |||||||||||||||||
The Company paid $12,472 in commissions related to raising the above mentioned private placements and has accordingly been deducted from additional paid-in capital. | |||||||||||||||||
On January 9, 2013, the Company issued 243,010 shares of common stock at $0.20 per share in exchange for cash of $48,602. The Company paid $4,860 in fees and $1,458 in legal expenses related to raising the above mentioned private placements and has accordingly been deducted from Shares to be issued as presented on the consolidated balance sheet. | |||||||||||||||||
On January 9, 2013, the Company’s $125,000 convertible note payable with accrued interest of $3,274 were converted into 641,370 shares of common stock at price of $0.20 per share (Note 10). | |||||||||||||||||
On February 11, 2013, the Company completed a private placement with unrelated investors for total gross proceeds of $502,000. The Company issued 2,510,000 common stock at a purchase price of $0.20 per share, each with one warrant to purchase common stock at an exercise price of $0.30 per share. The Company paid $36,000 in fees related to raising the above mentioned private placement. | |||||||||||||||||
The fair value of the warrants issued at the date of the grant was $145,247. This amount was estimated using the Black-Scholes Option Pricing model with an expected life of two years, a risk free interest rate of 0.29%, a dividend yield of 0%, and an expected volatility of 75%. | |||||||||||||||||
On February 11, 2013, the Company issued 17,800,000 shares of its common stock in exchange for 100% of the shares in Rimrock Mining, Inc., to acquire interests in three prospective gold exploration properties (Note 7 (b)). The Company also issued 2,000,000 shares of its common stock to a consultant company as a fee for above transaction. The acquired properties were recorded at its carrying value based on the fact that the assets are transferred among entities under common control. | |||||||||||||||||
On February 11, 2013, the Company effected a 1-for-8 reverse split of the issued and outstanding shares of the common stock. The effect of reverse split has been accounted for retrospectively. | |||||||||||||||||
On March 1 and June 5, 2013, the Company issued 1,250,000 shares and 750,000 respectively of common stock to a consultant in connection with the consulting services for market expansion and business development (Note 7). These services were recorded in the consolidated statement of operations based on the fair value of the Company’s shares of common stock issued, which was determined based on a recent private placement transaction adjusted for the fair value of warrants issued under that transaction. Additionally, on June 5, 2013, the Company issued 500,000 shares to the same consultant as prepaid consulting fee payment for the quarter ending November 30, 2013. | |||||||||||||||||
On March 15, 2013, the Company issued 1,000,000 shares of its common stock to a consultant company as reference fee for the acquisition of Silver Cloud Property (Note 7(c)). The fair value of these shares was determined based on a recent private placement transaction adjusted for the fair value of warrants issued under that transaction. The fair value of the shares issued has been capitalized with the value of the property acquired. | |||||||||||||||||
On May 3, 2013, the Company entered into a purchase agreement to acquire the Silver Cloud Property (Note 7(c)), and issued 400,000 shares and 100,000 shares of its common stock to Geologix Explorations Inc. and Teck Resources Inc. respectively as the consideration for the purchase. The acquired properties were recorded based on the fair value of the Company’s shares of common stock to be issued, which was determined based on a recent private placement transaction adjusted for the fair value of warrants issued under that transaction. | |||||||||||||||||
b. | Share purchase warrants | ||||||||||||||||
No. of warrants | Warrant value | Weighted | Weighted | ||||||||||||||
average exercise | average | ||||||||||||||||
price | remaining life | ||||||||||||||||
Outstanding and exercisable at September 1, 2012 and 2011 | - | - | |||||||||||||||
Issued with common shares at private placement | 2,510,000 | $ | 145,247 | 0.3 | 1.45 | ||||||||||||
Outstanding and exercisable at August 31, 2013 | 2,510,000 | $ | 145,247 | 0.3 | 1.45 | ||||||||||||
On February 11, 2013, the Company completed a private placement with unrelated investors for total gross proceeds of $502,000. The Company issued 2,510,000 common stock at a purchase price of $0.20 per share, each with one warrant to purchase common stock at an exercise price of $0.30 per share. The Company paid $36,000 in fees related to raising the above mentioned private placement. | |||||||||||||||||
The fair value of the warrants issued at the date of the grant was $145,247. This amount was estimated using the Black-Scholes Option Pricing model with an expected life of two years, a risk free interest rate of 0.29%, a dividend yield of 0%, and an expected volatility of 75%. |
Contingencies_and_Commitments
Contingencies and Commitments | 12 Months Ended | |
Aug. 31, 2013 | ||
Commitments and Contingencies Disclosure [Abstract] | ' | |
CONTINGENCIES AND COMMITMENTS | ' | |
13 | CONTINGENCIES AND COMMITMENTS | |
The Company is committed under lease agreements for the exclusive right to explore, develop and mine on the Silver Cloud Property. The minimum annual future lease payments are $50,000 until year 2023 with total commitments of $500,000. | ||
In accordance with the Abigail Purchase Agreement, the Company will also owe to the selling group of the Abigail Property the following contingent payments: | ||
● | After spending a total amount of $2,500,000 on the property, $250,000 and an additional 125,000 shares of the Company’s common stock shall be delivered to the selling group. | |
● | After spending a total amount of $5,000,000 on the property, a further $250,000 and 125,000 shares of the Company’s common stock shall be delivered to the selling group. | |
● | If a feasibility study is put in place an additional $250,000 and 125,000 shares of the Company’s common stock shall be delivered to the selling group. | |
● | If a bankable feasibility is put in place a further $500,000 and 250,000 shares of the Company’s common stock shall be delivered to the selling group. | |
In accordance with the Lac Kame and EM-1 Purchase Agreement, the Company will also owe to the selling group of the properties the following contingent payments: | ||
● | After spending a total amount of $1,000,000 on the property, $50,000 and an additional 125,000 shares of the Company’s common stock shall be delivered to the selling group. | |
● | After spending a total amount of $2,500,000 on the property, a further $100,000 and 250,000 shares of the Company’s common stock shall be delivered to the selling group. | |
● | After spending a total amount of $5,000,000 on the property, a further $150,000 and 125,000 shares of the Company’s common stock shall be delivered to the selling group. | |
If the Company reaches commercial production, it is also subject to a 3% net smelter returns royalty payable to the selling groups in the Abigail Purchase Agreement and the Lac Kame EM-1 Purchase Agreement. | ||
In accordance with the Rimrock, West Silver Cloud and Pony Spur Property purchase agreement, any mineral production from the Rimrock, West Silver Cloud, and Pony Spur Properties is subject to Net Smelter Returns royalties of 3%. | ||
In accordance with the Silver Cloud Property purchase agreement, if the Company delineates more than two million ounces of gold in proven and probable reserves on the Mining Claims, then the Company will issue a further 250,000 common shares of the Company to Geologix. Any mineral production from the Silver Cloud Property is subject to net smelter return royalties of 2% due to Royal Gold Inc. and 3% to the underlying claim owners. |
Supplemental_Cash_Flow_Informa
Supplemental Cash Flow Information | 12 Months Ended | |
Aug. 31, 2013 | ||
Supplemental Cash Flow Information [Abstract] | ' | |
SUPPLEMENTAL CASH FLOW INFORMATION | ' | |
14 | SUPPLEMENTAL CASH FLOW INFORMATION | |
During the periods ended August 31, 2013 and 2012 and for the period from inception to August 31, 2013, there was no interest or taxes paid by the Company. | ||
In December 2010, pursuant to the Abigail Purchase Agreement, the Company issued 15,000,000 shares of common stock at $0.02 per share to the Selling Group to acquire a 100% interest in the Property. On March 1, 2011, the Company issued an additional 5,000,000 shares of common stock at a price of $0.02 per share reflecting payment of $100,000 towards the Property. | ||
In September 2011, the Company entered into a rental agreement for a period of two years commencing 1 September 2011. The Company paid $12,000 in cash and will deliver to the lessor shares of common stock worth $3,500 to fulfill rental payment for the entire term of lease. In April 2012, the Company issued 125,000 shares of common stock pursuant to the rental agreement at a price of $0.028 per share. | ||
On September 15, 2011, the Company issued 360,000 shares of common stock at $0.05 per share for consulting services. | ||
On May 17, 2012, the Company issued 2,000,000 shares of common stock in connection with its purchase of the Lac Kame and EM-1 Properties, as disclosed (note 7). The issuance of these shares was recorded at a price of $0.01 per share. | ||
On January 9, 2013, the Company’s $125,000 convertible note payable including accrued interest of $3,274 were converted into 641,370 shares of common stock at price of $0.20 per share (Note 10). | ||
On February 11, 2013, the Company issued 17,800,000 shares of its common stock in exchange for 100% of the shares in Rimrock Mining, Inc., to acquire interests in three prospective gold exploration properties (Note 7). The Company also issued 2,000,000 shares of its common stock to a consultant company as a fee for this transaction. | ||
On May 3, 2013, the Company entered into a purchase agreement to acquire the Silver Cloud Property (Note 7), and issued 400,000 shares and 100,000 shares of its common stock to Geologix Explorations Inc. and Teck Resources Inc. respectively as the consideration for the purchase. The Company also issued 1,000,000 shares of its common stock to a consultant company as a fee for this transaction. | ||
During the year ended August 31, 2013, the Company issued 2,500,000 shares of its common stock to a company under common control for consulting services provided |
Income_Taxes
Income Taxes | 12 Months Ended | ||||||||
Aug. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
INCOME TAXES | ' | ||||||||
15 | INCOME TAXES | ||||||||
The Company has income tax losses of approximately $1,445,090 available to be applied against future years income as a result of the losses incurred since inception. The losses begin to expire in 2023. At the tax rate of 34% these losses create a deferred tax benefit of approximately $491,331, however, due to the losses incurred in the period and expected future operating results, management determined that it is more likely than not that the deferred tax asset resulting from the tax losses available for carry forward will not be realized through the reduction of future income tax payments. Accordingly a 100% valuation allowance has been recorded for income tax losses available for carry forward. | |||||||||
The income tax provision for the years ended August 31, 2013 and 2012 as follows: | |||||||||
Year ended | Year ended | ||||||||
August 31, | August 31, | ||||||||
2013 | 2012 | ||||||||
Loss before income taxes | $ | 1,225,857 | $ | 775,291 | |||||
Applicable tax rates | 34 | % | 34 | % | |||||
Income tax benefit computed at applicable statutory rates | $ | 416,791 | $ | 263,599 | |||||
Tax effect of expenses not deductible for tax purposes | (279,361 | ) | (181,373 | ) | |||||
Change in valuation allowance | (137,430 | ) | (82,226 | ) | |||||
Total income tax provision | $ | - | $ | - | |||||
The components of deferred tax benefit are summarized as follows: | |||||||||
As at | As at | ||||||||
August 31, | August 31, | ||||||||
2013 | 2012 | ||||||||
Non-capital losses carried forward | $ | 491,331 | $ | 353,900 | |||||
Valuation allowance | (491,331 | ) | (353,900 | ) | |||||
Net deferred tax benefit | $ | - | $ | - |
Financial_Instruments
Financial Instruments | 12 Months Ended | |
Aug. 31, 2013 | ||
Investments, All Other Investments [Abstract] | ' | |
FINANCIAL INSTRUMENTS | ' | |
16 | FINANCIAL INSTRUMENTS | |
Foreign Currency Risk | ||
The Company is exposed to currency risks due to the potential variation of the currencies in which it operates. Principal currencies include the United States dollar and Canadian dollar. We monitor our foreign currency exposure regularly to minimize our foreign currency risk exposure. | ||
Concentration of Credit Risk | ||
The Company does not have significant off-balance-sheet risk or credit concentration. The Company maintains cash with major financial institutions. From time to time, the Company may have funds on deposit with commercial banks that exceed federally insured limits. Management does not consider this to be a significant risk. | ||
Liquidity Risk | ||
The Company is exposed to liquidity risk as its continued operations are dependent upon obtaining additional capital or achieving profitable operations to satisfy its liabilities as they come due. | ||
Subsequent_Event
Subsequent Event | 12 Months Ended | |
Aug. 31, 2013 | ||
Subsequent Events [Abstract] | ' | |
SUBSEQUENT EVENT | ' | |
17 | SUBSEQUENT EVENTS | |
On October 7, 2013, the Company closed a purchase agreement with RMIC Gold to acquire an exploration epithermal bonanaza gold-silver property in Nevada known as the Ivanhoe Creek Property. RMIC Gold is a private Nevada company controlled by Richard R Redfern, who is a director of the Company and this is a non-arm’s length transaction. Pursuant to the Purchase Agreement, the Company acquired from RMIC Gold a one hundred percent (100%) interest in and to certain properties that compress 22 unpatented mining claims totaling 440 acres (the “Mining Claims”). In consideration for the Mining Claims, the Company shall issue to RMIC Gold 150,000 shares of the Company’s common stock (the “Rimrock Shares”). Any mineral production from the Ivanhoe Creek Property is subject to net smelter return royalties of 1% due to RMIC Gold. | ||
In September 2013, the Company issued 850,000 units of its common stock for consulting services rendered. | ||
In September and November 2013, the Company elected to drop the 25 EM-1 claims, the 12 Lac Kame claims, and 83 Abigail claims. | ||
In December 2013, the Company issued 150,000 shares to complete the acquisition of Ivanhoe Creek Property. | ||
In December 20, 2013, the Company issued 750,000 shares for consulting services rendered. | ||
In March 2014, the Company issued 250,000 shares for consulting services to Uptick Capital LLC. Ari Blaine and Simeon Wohlberg control Uptick Capital and are directors of Zahav Resources Inc. |
Restatement
Restatement | 12 Months Ended | ||||||||||||||||||||||||
Aug. 31, 2013 | |||||||||||||||||||||||||
Restatement [Abstract] | ' | ||||||||||||||||||||||||
RESTATEMENT | ' | ||||||||||||||||||||||||
18 | RESTATEMENT | ||||||||||||||||||||||||
The Company has made adjustments to its consolidated balance sheet, consolidated statement of operations and comprehensive loss, consolidated statement of Stockholder’s equity, and consolidated statement of cash flows at August 31, 2013 and 2012 due to an adjustment to the valuation of mining property claims and adjustments in the application of the beneficial conversion features calculation on convertible debentures. The Company originally accounted for the acquisition of mineral rights as a “Purchase of Assets” under the guidance of ASC 505 in which the acquired property were recorded on the fair value of the Company’s common stock issued, which was determined based on a recent private placement transaction adjusted for fair value of warrants issued under that transaction. In further review, the Company determined that the property was under common control at the date of acquisition. Therefore the transaction should have been accounted for as an exchange of assets between entities under common control. The guidance ASC 805-50-30-56 requires the entity receiving the equity interests to initially measure the recognized assets and liabilities transferred at the carrying amounts in the accounts of the transferring entities at the date of transfer. The Company originally accounted for their convertible debenture under the guidance of FASB 470-20-25-23, which requires determining the carrying amount of the liability component first, and then determining the carrying amount of the equity component represented by the embedded conversion option. In further review, the Company determined the convertible debenture is not within the scope of the Cash conversion Subsections, and should calculate the intrinsic value for its beneficial conversion feature under the guidance of FASB 470-20-25-4. The restatement also adjusted accumulated other comprehensive loss to deficit accumulated during the exploration stage for realization of loss on available for sale securities and derecognizing translation adjustments. | |||||||||||||||||||||||||
a. | Reconciliation of Consolidated Balance Sheet as at August 31, 2013 | ||||||||||||||||||||||||
Consolidated Balance Sheet as at August 31, 2013 | |||||||||||||||||||||||||
31-Aug-13 | 31-Aug-13 | 31-Aug-13 | |||||||||||||||||||||||
Previously stated | Adjustments | Restated | |||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Current Assets | |||||||||||||||||||||||||
Cash | $ | 36,449 | $ | 36,449 | |||||||||||||||||||||
Prepaid and sundry | 80,596 | 80,596 | |||||||||||||||||||||||
Total Current Assets | 117,045 | 117,045 | |||||||||||||||||||||||
Long Term Assets | |||||||||||||||||||||||||
Mineral property claims (1) | 3,327,117 | (2,947,147 | ) | 379,970 | |||||||||||||||||||||
Equipment | 758 | 758 | |||||||||||||||||||||||
Total Long Term Assets | 3,327,875 | (2,947,147 | ) | 380,728 | |||||||||||||||||||||
Total Assets | $ | 3,444,920 | (2,947,147 | ) | $ | 497,773 | |||||||||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||||||||||||||||||||||
Current Liabilities | |||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 8,603 | $ | 8,603 | |||||||||||||||||||||
Convertible notes payable | - | 16,109 | |||||||||||||||||||||||
Advances from a related party | 16,109 | - | |||||||||||||||||||||||
Total Liabilities | 24,712 | 24,712 | |||||||||||||||||||||||
Stockholders' Equity | |||||||||||||||||||||||||
Capital stock, $0.001 par value; Authorized 200,000,000; Issued and outstanding 34,614,489 (August 31, 2012 – 7,420,109) | 34,615 | 34,615 | |||||||||||||||||||||||
Additional paid-in capital (2) | 5,962,315 | (2,476,830 | ) | 3,485,485 | |||||||||||||||||||||
Accumulated other comprehensive loss (3) | (9,802 | ) | 9,802 | - | |||||||||||||||||||||
Deficit accumulated during the exploration stage (4) | (2,566,920 | ) | (480,119 | ) | (3,047,039 | ) | |||||||||||||||||||
Total Stockholders' Equity | 3,420,208 | (2,947,147 | ) | 473,061 | |||||||||||||||||||||
Total Liabilities and Stockholders' Equity | $ | 3,444,920 | (2,947,147 | ) | $ | 497,773 | |||||||||||||||||||
Consolidated Balance Sheet as at August 31, 2012 | |||||||||||||||||||||||||
31-Aug-12 | 31-Aug-12 | 31-Aug-12 | |||||||||||||||||||||||
Previously stated | Adjustments | Restated | |||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Current Assets | |||||||||||||||||||||||||
Cash | $ | 11,191 | - | $ | 11,191 | ||||||||||||||||||||
Prepaid and sundry | 11,129 | - | 11,129 | ||||||||||||||||||||||
Total Current Assets | 22,320 | - | 22,320 | ||||||||||||||||||||||
Long Term Assets | |||||||||||||||||||||||||
Mineral property claims | 133,108 | - | 133,108 | ||||||||||||||||||||||
Equipment | 958 | - | 958 | ||||||||||||||||||||||
Total Long Term Assets | 134,066 | - | 134,066 | ||||||||||||||||||||||
Total Assets | $ | 156,386 | - | $ | 156,386 | ||||||||||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||||||||||||||||||||||
Current Liabilities | |||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 32,539 | - | $ | 32,539 | ||||||||||||||||||||
Convertible notes payable (5) | 111,330 | (74,872 | ) | 36,458 | |||||||||||||||||||||
Advances from a related party | - | - | |||||||||||||||||||||||
Total Liabilities | 143,869 | (74,872 | ) | 68,997 | |||||||||||||||||||||
Stockholders' Equity | |||||||||||||||||||||||||
Capital stock, $0.001 par value; Authorized 200,000,000; Issued and outstanding 34,614,489 (August 31, 2012 – 7,420,109) | 7,420 | 7,420 | |||||||||||||||||||||||
Additional paid-in capital (5) | 1,782,951 | 118,200 | 1,901,151 | ||||||||||||||||||||||
Accumulated other comprehensive loss (3) | (9,540 | ) | 9,540 | 0 | |||||||||||||||||||||
Deficit accumulated during the development stage (6) | (1,768,314 | ) | (52,868 | ) | (1,821,182 | ) | |||||||||||||||||||
Total Stockholders' Equity | 12,517 | 74,872 | 87,389 | ||||||||||||||||||||||
Total Liabilities and Stockholders' Equity | $ | 156,386 | - | $ | 156,386 | ||||||||||||||||||||
b. | Reconciliation of Consolidated statements of operations and comprehensive loss for the year ended August 31, 2013 | ||||||||||||||||||||||||
For the Year | For the Year | For the Year | |||||||||||||||||||||||
Ended | Ended | Ended | |||||||||||||||||||||||
August 31, | August 31, | August 31, | |||||||||||||||||||||||
2013 | 2013 | 2013 | |||||||||||||||||||||||
(Previously stated) | (Adjustment) | (Restated) | |||||||||||||||||||||||
EXPENSES | |||||||||||||||||||||||||
Professional fees (7) | $ | 513,954 | $ | 352,117 | $ | 866,071 | |||||||||||||||||||
Mineral property claims maintenance fee | 91,140 | - | 91,140 | ||||||||||||||||||||||
Exploration | 4,017 | - | 4,017 | ||||||||||||||||||||||
Advertising and promotion | 7,526 | - | 7,526 | ||||||||||||||||||||||
Telecommunications | 6,422 | - | 6,422 | ||||||||||||||||||||||
Rent and occupancy costs | 16,450 | - | 16,450 | ||||||||||||||||||||||
Office and general | 16,886 | - | 16,886 | ||||||||||||||||||||||
Interest and bank charges (5) | 8,903 | 74,872 | 83,775 | ||||||||||||||||||||||
Foreign currency exchange loss (8) | - | 262 | 262 | ||||||||||||||||||||||
Depreciation | 200 | - | 200 | ||||||||||||||||||||||
TOTAL OPERATING EXPENSES | 665,498 | 427,251 | 1,092,749 | ||||||||||||||||||||||
LOSS FROM OPERATIONS | (665,498 | ) | 427,251 | (1,092,749 | ) | ||||||||||||||||||||
Interest income | - | - | - | ||||||||||||||||||||||
Impairment of mineral property claims | (133,108 | ) | - | (133,108 | ) | ||||||||||||||||||||
Impairment of convertible note receivable | - | - | - | ||||||||||||||||||||||
LOSS FROM CONTINUING OPERATIONS BEFORE TAX | (798,606 | ) | (427,251 | ) | (1,225,857 | ) | |||||||||||||||||||
Income tax | - | - | - | ||||||||||||||||||||||
LOSS FROM CONTINUING OPERATIONS | (798,606 | ) | (427,251 | ) | (1,225,857 | ) | |||||||||||||||||||
LOSS FROM DISCONTINUED OPERATION, NET OF TAX | - | - | - | ||||||||||||||||||||||
NET LOSS | $ | (798,606 | ) | $ | (427,251 | ) | $ | (1,225,857 | ) | ||||||||||||||||
OTHER COMPREHENSIVE LOSS FROM CONTINUING OPERATIONS | |||||||||||||||||||||||||
Foreign currency translation adjustment (8) | (262 | ) | 262 | 0 | |||||||||||||||||||||
Unrealized loss on convertible note receivable and available-for-sale securities, net of tax | - | - | - | ||||||||||||||||||||||
COMPREHENSIVE LOSS OF CONTINUING OPERATIONS | $ | (798,868 | ) | $ | (426,989 | ) | (1,225,857 | ) | |||||||||||||||||
OTHER COMPREHENSIVE LOSS FROM DISCONTINUED OPERATIONS | |||||||||||||||||||||||||
Foreign currency translation adjustment | - | - | - | ||||||||||||||||||||||
COMPREHENSIVE LOSS OF DISCONTINUED OPERATIONS | - | - | - | ||||||||||||||||||||||
TOTAL COMPREHENSIVE LOSS | (798,868 | ) | (426,989 | ) | (1,225,857 | ) | |||||||||||||||||||
For the Year | For the Year | For the Year | |||||||||||||||||||||||
Ended | Ended | Ended | |||||||||||||||||||||||
August 31, | August 31, | August 31, | |||||||||||||||||||||||
2012 | 2012 | 2012 | |||||||||||||||||||||||
(Previously stated) | (Adjustment) | (Restated) | |||||||||||||||||||||||
EXPENSES | |||||||||||||||||||||||||
Professional fees (9) | 211,817 | 8,854 | 220,671 | ||||||||||||||||||||||
Exploration | 22,656 | - | 22,656 | ||||||||||||||||||||||
Advertising and promotion | 1,788 | - | 1,788 | ||||||||||||||||||||||
Telecommunications | 2,184 | - | 2,184 | ||||||||||||||||||||||
Rent and occupancy costs | 7,728 | - | 7,728 | ||||||||||||||||||||||
Office and general | 4,470 | - | 4,470 | ||||||||||||||||||||||
Interest and bank charges (5) | 5,708 | 34,475 | 40,183 | ||||||||||||||||||||||
Depreciation | 120 | - | 120 | ||||||||||||||||||||||
TOTAL OPERATING EXPENSES | 256,471 | 43,329 | 299,800 | ||||||||||||||||||||||
LOSS FROM OPERATIONS | (256,471 | ) | (43,329 | ) | (299,800 | ) | |||||||||||||||||||
Interest income | - | - | - | ||||||||||||||||||||||
Impairment of mineral property claims | (451,870 | ) | - | (451,870 | ) | ||||||||||||||||||||
Impairment of convertible note receivable | (23,621 | ) | - | (23,621 | ) | ||||||||||||||||||||
LOSS FROM CONTINUING OPERATIONS BEFORE TAX | (731,962 | ) | (43,329 | ) | (775,291 | ) | |||||||||||||||||||
Income tax | - | - | - | ||||||||||||||||||||||
LOSS FROM CONTINUING OPERATIONS | (731,962 | ) | - | (775,291 | |||||||||||||||||||||
LOSS FROM DISCONTINED OPERATION, NET OF TAX | (3,742 | ) | - | (3,742 | ) | ||||||||||||||||||||
NET LOSS | $ | (735,704 | ) | $ | (43,329 | ) | $ | (779,033 | |||||||||||||||||
OTHER COMPREHENSIVE LOSS FROM CONTINUING OPERATIONS | |||||||||||||||||||||||||
Foreign currency translation adjustment | 896 | - | 896 | ||||||||||||||||||||||
Unrealized loss on convertible note receivable and available-for-sale securities, net of tax | 23,621 | - | 23,621 | ||||||||||||||||||||||
COMPREHENSIVE LOSS OF CONTINUING OPERATIONS | $ | (707,445 | ) | $ | 43,329 | (750,774 | ) | ||||||||||||||||||
OTHER COMPREHENSIVE LOSS FROM DISCONTINUED OPERATIONS | |||||||||||||||||||||||||
Foreign currency translation adjustment | 109 | - | 109 | ||||||||||||||||||||||
COMPREHENSIVE LOSS OF DISCONTINUED OPERATIONS | (3,633 | ) | - | (3,633 | ) | ||||||||||||||||||||
TOTAL COMPREHENSIVE LOSS | (711,078 | ) | (43,329 | ) | (754,407 | ) | |||||||||||||||||||
LOSS FROM CONTINUING OPERATIONS PER SHARE - BASIC AND DILUTED | (0.01 | ) | - | (0.01 | ) | ||||||||||||||||||||
LOSS FROM DISCONTINUED OPERATIONS PER SHARE - BASIC AND DILUTED | - | - | - | ||||||||||||||||||||||
NET LOSS PER SHARES - BASIC AND DILUTED | $ | (0.01 | ) | $ | - | (0.01 | ) | ||||||||||||||||||
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED | 56,983,073 | - | 56,983,073 | ||||||||||||||||||||||
For the Period from Inception | For the Period from Inception | For the Period from Inception | |||||||||||||||||||||||
(June 5, 2003) to | (June 5, 2003) to | (June 5, 2003) to | |||||||||||||||||||||||
August 31, | August 31, | August 31, | |||||||||||||||||||||||
2013 | Adjustment | 2013 (Restated) | |||||||||||||||||||||||
(Previously stated) | |||||||||||||||||||||||||
EXPENSES | |||||||||||||||||||||||||
Professional fees | $ | 1,512,283 | $ | 360,971 | $ | 1,873,254 | |||||||||||||||||||
Mineral property claims maintenance fee | 91,140 | - | 91,140 | ||||||||||||||||||||||
Exploration | 119,740 | - | 119,740 | ||||||||||||||||||||||
Advertising and promotion | 16,707 | - | 16,707 | ||||||||||||||||||||||
Telecommunications | 17,055 | - | 17,055 | ||||||||||||||||||||||
Rent and occupancy costs | 27,310 | - | 27,310 | ||||||||||||||||||||||
Office and general | 30,104 | - | 30,104 | ||||||||||||||||||||||
Interest and bank charges | 19,172 | 109,347 | 128,519 | ||||||||||||||||||||||
Foreign currency exchange loss | - | 262 | 262 | ||||||||||||||||||||||
Depreciation | 320 | - | 320 | ||||||||||||||||||||||
TOTAL OPERATING EXPENSES | 1,833,831 | 470,580 | 2,304,411 | ||||||||||||||||||||||
LOSS FROM OPERATIONS | (1,833,831 | ) | (470,580 | ) | (2,304,411 | ) | |||||||||||||||||||
Interest income | 11,821 | - | 11,821 | ||||||||||||||||||||||
Impairment of mineral property claims | (584,978 | ) | - | (584,978 | ) | ||||||||||||||||||||
Impairment of convertible note receivable | (23,621 | ) | - | (23,621 | ) | ||||||||||||||||||||
LOSS FROM CONTINUING OPERATIONS BEFORE TAX | (2,430,609 | ) | - | (2,901,189 | ) | ||||||||||||||||||||
Income tax | - | - | - | ||||||||||||||||||||||
LOSS FROM CONTINUING OPERATIONS | (2,430,609 | ) | - | (2,901,189 | ) | ||||||||||||||||||||
LOSS FROM DISCONTINED OPERATION, NET OF TAX | (136,311 | ) | (9,539 | ) | (145,850 | ) | |||||||||||||||||||
NET LOSS | $ | (2,566,920 | ) | $ | (480,119 | ) | $ | (3,047,039 | ) | ||||||||||||||||
c. | Consolidated statements of Stockholders’ Equity | ||||||||||||||||||||||||
Common stock | Additional | Accumulated Other | Deficit | Total | |||||||||||||||||||||
Comprehensive | Accumulated | Stockholders’ | |||||||||||||||||||||||
During the | |||||||||||||||||||||||||
exploration | |||||||||||||||||||||||||
Shares | Amount | Paid in Capital | income | stage | equity | ||||||||||||||||||||
Balance, August 31, 2011 (Previously stated) | 6,808,025 | $ | 6,808 | $ | 1,680,885 | $ | (34,166 | ) | $ | (1,032,610 | ) | $ | 620,917 | ||||||||||||
Realized loss on available for sale securities – year 2007 & 2008 | - | - | - | 4,809 | (4,809 | )(3) | - | ||||||||||||||||||
Reclassification of foreign currency translation for prior years to retained earnings | - | - | - | 4,730 | (4,730 | )(3) | - | ||||||||||||||||||
Issuance of common stock for rent | 15,625 | 16 | 3,484 | - | - | 3,500 | |||||||||||||||||||
Issuance of common stock for cash, net of commissions | 301,459 | 301 | 54,077 | - | - | 54,378 | |||||||||||||||||||
Issuance of common stock for consulting services | 45,000 | 45 | 17,955 | - | - | 18,000 | |||||||||||||||||||
Issuance of common stock for purchase of properties | 250,000 | 250 | 19,750 | - | - | 20,000 | |||||||||||||||||||
Convertible debentures equity portion | - | - | 125,000 | - | - | 125,000 | |||||||||||||||||||
Realized gain on convertible notes receivable | - | - | - | 23,621 | - | 23,621 | |||||||||||||||||||
Foreign currency translation | - | - | - | 1,006 | - | 1,006 | |||||||||||||||||||
Net loss | - | - | - | - | (779,033 | ) | (779,033 | ) | |||||||||||||||||
Balance, August 31, 2012 (Restated) | 7,420,109 | $ | 7,420 | $ | 1,901,151 | $ | - | $ | (1,821,182 | ) | $ | 87,389 | |||||||||||||
Conversion of convertible debentures | 641,370 | 642 | 127,633 | - | - | 128,275 | |||||||||||||||||||
Issuance of common stock for cash, net of issuance costs | 2,753,148 | 2,753 | 505,531 | - | - | 508,284 | |||||||||||||||||||
Issuance of common stock for consulting services | 4,500,000 | 4,500 | 670,500 | - | - | 675,000 | |||||||||||||||||||
Issuance of common stock to acquire mineral property claims | 19,300,000 | 19,300 | 280,670 | - | - | 299,970 | |||||||||||||||||||
Net loss | - | - | - | - | (1,225,857 | ) | (1,225,857 | ) | |||||||||||||||||
Balance, August 31, 2013 (Restated) | 34,614,627 | $ | 34,615 | $ | 3,485,485 | $ | - | $ | (3,047,039 | ) | $ | 473,061 | |||||||||||||
d. | Consolidated statement of cash flows | ||||||||||||||||||||||||
For the Year Ended | For the Year Ended | For the Year Ended | |||||||||||||||||||||||
31-Aug-13 | 31-Aug-13 | 31-Aug-13 | |||||||||||||||||||||||
(Previously stated) | (Adjustments) | (Restated) | |||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||||||||||||||
Net loss | $ | (798,606 | ) | $ | (427,251 | ) | $ | (1,225,857 | ) | ||||||||||||||||
Less: Loss from discontinued operations, net of tax expense | - | - | - | ||||||||||||||||||||||
Loss from continuing operations | (798,606 | ) | (427,251 | ) | (1,225,857 | ) | |||||||||||||||||||
Items not affecting cash | |||||||||||||||||||||||||
Depreciation | 200 | - | 200 | ||||||||||||||||||||||
Accretion expense on convertible notes payable | 13,670 | 74,872 | -5 | 88,542 | |||||||||||||||||||||
Accrued interest on convertible notes payable | 3,274 | - | 3,274 | ||||||||||||||||||||||
Foreign currency exchange loss | - | - | |||||||||||||||||||||||
Impairment of mineral property claims | 133,108 | - | 133,108 | ||||||||||||||||||||||
Impairment of convertible note receivable | - | - | - | ||||||||||||||||||||||
Issuance of common stock for services | 300,000 | 300,000 | -7 | 600,000 | |||||||||||||||||||||
Issuance of common stock for rental | - | - | - | ||||||||||||||||||||||
Write off of deferred offering costs | - | - | - | ||||||||||||||||||||||
Change in prepaid and sundry | 5,533 | - | 5,533 | ||||||||||||||||||||||
Change in accounts payable and accrued liabilities | (23,936 | ) | - | (23,936 | ) | ||||||||||||||||||||
Net cash used in operating activities from continuing operations | (366,757 | ) | (52,379 | ) | (419,136 | ) | |||||||||||||||||||
Net cash used in operating activities from discontinued operations | - | - | - | ||||||||||||||||||||||
CASH FLOWS USED IN OPERATING ACTIVITIES | (366,757 | ) | (52,379 | ) | (419,136 | ) | |||||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||||||
Acquisition of mineral property claims | (132,117 | ) | 52,117 | -7 | -80,000 | ||||||||||||||||||||
Disposition of equipment | - | - | - | ||||||||||||||||||||||
Acquisition of equipment | - | - | - | ||||||||||||||||||||||
CASH FLOWS USED IN INVESTING ACTIVITIES | (132,117 | ) | 52,117 | (80,000 | ) | ||||||||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||||||||||||||
Convertible notes receivable | - | - | - | ||||||||||||||||||||||
Proceeds from convertible note payable | - | - | - | ||||||||||||||||||||||
Repayment of convertible notes payable | - | - | - | ||||||||||||||||||||||
Advances (to) from a related party | 16,109 | - | 16,109 | ||||||||||||||||||||||
Repayment of advance from a related party | - | - | - | ||||||||||||||||||||||
Issuance of common stock, net of issuance costs | 508,285 | 508,285 | |||||||||||||||||||||||
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 524,394 | 524,394 | |||||||||||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH | (262 | ) | 262 | -8 | - | ||||||||||||||||||||
NET INCREASE (DECREASE) IN CASH | 25,258 | - | 25,258 | ||||||||||||||||||||||
CASH, BEGINNING OF PERIOD | 11,191 | - | 11,191 | ||||||||||||||||||||||
CASH, END OF PERIOD | $ | 36,449 | $ | 36,449 | |||||||||||||||||||||
NON CASH INVESTING AND FINANCING ACTIVITES | |||||||||||||||||||||||||
Issuance of common stock for acquisition of mineral property claims | $ | 3,195,000 | (2,895,030 | )(1) | 299,970 | ||||||||||||||||||||
Convertible debt payable and accrued interest converted to common stock | $ | 128,274 | - | 128,274 | |||||||||||||||||||||
For the Year Ended | For the Year Ended | For the Year Ended | |||||||||||||||||||||||
31-Aug-12 | 31-Aug-12 | 31-Aug-12 | |||||||||||||||||||||||
(Previously stated) | (Adjustments) | (Restated) | |||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||||||||||||||
Net loss | $ | (735,704 | ) | $ | (43,329 | ) | $ | (779,033 | ) | ||||||||||||||||
Less: Loss from discontinued operations, net of tax expense | 3,742 | 3,742 | |||||||||||||||||||||||
Loss from continuing operations | (731,962 | ) | (43,329 | ) | (775,291 | ) | |||||||||||||||||||
Items not affecting cash | - | - | - | ||||||||||||||||||||||
Depreciation | 120 | - | 120 | ||||||||||||||||||||||
Accretion expense on convertible notes payable | - | - | - | ||||||||||||||||||||||
Accrued interest on convertible notes payable | 5,630 | 30,829 | -5 | 36,459 | |||||||||||||||||||||
Foreign currency exchange loss | - | - | - | ||||||||||||||||||||||
Impairment of mineral property claims | 451,870 | - | 451,870 | ||||||||||||||||||||||
Impairment of convertible note receivable | 23,621 | - | 23,621 | ||||||||||||||||||||||
Loss on disposal of assets | - | - | - | ||||||||||||||||||||||
Issuance of common stock for services | 18,000 | - | 18,000 | ||||||||||||||||||||||
Issuance of common stock for rental | 3,500 | - | 3,500 | ||||||||||||||||||||||
Write off of deferred offering costs | - | - | - | ||||||||||||||||||||||
Change in prepaid and sundry | (5,289 | ) | - | (5,289 | ) | ||||||||||||||||||||
Change in accounts payable and accrued liabilities | 13,721 | - | 13,721 | ||||||||||||||||||||||
Net cash used in operating activities from continuing operations | (220,789 | ) | (12,500 | ) | (233,289 | ) | |||||||||||||||||||
Net cash used in operating activities from discontinued operations | (2,564 | ) | - | (2,564 | ) | ||||||||||||||||||||
CASH FLOWS USED IN OPERATING ACTIVITIES | (223,353 | ) | (12,500 | )(9) | (235,854 | ) | |||||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||||||
Acquisition of mineral property claims | (14,978 | ) | - | (14,978 | ) | ||||||||||||||||||||
Disposition of equipment | - | - | - | ||||||||||||||||||||||
Acquisition of equipment | (1,130 | ) | - | (1,130 | ) | ||||||||||||||||||||
CASH FLOWS USED IN INVESTING ACTIVITIES | (16,108 | ) | - | (16,108 | ) | ||||||||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||||||||||||||
Convertible notes receivable | - | - | - | ||||||||||||||||||||||
Proceeds from convertible note payable | 112,500 | 12,500 | 125000 | ||||||||||||||||||||||
Repayment of convertible notes payable | (3,550 | ) | - | (3,550 | ) | ||||||||||||||||||||
Advances (to) from a related party | - | - | - | ||||||||||||||||||||||
Repayment of advance from a related party | (203 | ) | - | (203 | ) | ||||||||||||||||||||
Issuance of common stock, net of issuance costs | 54,378 | - | 54,378 | ||||||||||||||||||||||
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 163,125 | 12,500 | 175,625 | ||||||||||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH | 651 | 651 | |||||||||||||||||||||||
NET INCREASE (DECREASE) IN CASH | (75,685 | ) | - | (75,685 | ) | ||||||||||||||||||||
CASH, BEGINNING OF PERIOD | 86,876 | - | 86,876 | ||||||||||||||||||||||
CASH, END OF PERIOD | $ | 11,191 | 11,191 | ||||||||||||||||||||||
NON CASH INVESTING AND FINANCING ACTIVITES | |||||||||||||||||||||||||
Issuance of common stock for mineral property claims | $ | - | - | - | |||||||||||||||||||||
Convertible debt converted to common stock | $ | - | - | - | |||||||||||||||||||||
For The Period | For The Period | For The Period | |||||||||||||||||||||||
From Inception | From Inception | From Inception | |||||||||||||||||||||||
(June 5, 2003) To | (June 5, 2003) To | (June 5, 2003) To | |||||||||||||||||||||||
August 31, | August 31, | August 31, | |||||||||||||||||||||||
2013 | 2013 | 2013 | |||||||||||||||||||||||
(Previously stated) | (Adjustments) | (Restated) | |||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||||||||||||||
Net loss | $ | (2,566,920 | ) | $ | (480,119 | ) | (3,047,039 | ) | |||||||||||||||||
Less: Loss from discontinued operations, net of tax expense | 136,311 | 9,539 | 145,850 | ||||||||||||||||||||||
Loss from continuing operations | (2,430,609 | ) | (470,580 | ) | (2,901,189 | ) | |||||||||||||||||||
Items not affecting cash | - | - | - | ||||||||||||||||||||||
Depreciation | 320 | - | 320 | ||||||||||||||||||||||
Accretion expense on convertible notes payable | 19,300 | 105,700 | 125,000 | ||||||||||||||||||||||
Accrued interest on convertible notes payable | 3,274 | - | 3,274 | ||||||||||||||||||||||
Foreign currency exchange loss | - | - | - | ||||||||||||||||||||||
Impairment of mineral property claims | 584,978 | - | 584,978 | ||||||||||||||||||||||
Impairment of convertible note receivable | 23,621 | - | 23,621 | ||||||||||||||||||||||
Loss on disposal of assets | 2,762 | - | 2,762 | ||||||||||||||||||||||
Issuance of common stock for services | 419,000 | 300,000 | 719,000 | ||||||||||||||||||||||
Issuance of common stock for rental | 3,500 | - | 3,500 | ||||||||||||||||||||||
Write off of deferred offering costs | 120,000 | - | 120,000 | ||||||||||||||||||||||
Change in prepaid and sundry | (5,596 | ) | - | (5,596 | ) | ||||||||||||||||||||
Change in accounts payable and accrued liabilities | 8,603 | - | 8,603 | ||||||||||||||||||||||
Net cash used in operating activities from continuing operations | (1,250,847 | ) | (64,880 | ) | (1,315,727 | ) | |||||||||||||||||||
Net cash used in operating activities from discontinued operations | (114,257 | ) | - | (114,257 | ) | ||||||||||||||||||||
CASH FLOWS USED IN OPERATING ACTIVITIES | (1,365,104 | ) | (64,880 | ) | (1,429,984 | ) | |||||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||||||
Acquisition of mineral property claims | (147,095 | ) | 52,117 | (94,978 | ) | ||||||||||||||||||||
Disposition of equipment | 4,462 | - | 4,462 | ||||||||||||||||||||||
Acquisition of equipment | (30,124 | ) | - | (30,124 | ) | ||||||||||||||||||||
CASH FLOWS USED IN INVESTING ACTIVITIES | (172,757 | ) | 52,117 | (120,640 | ) | ||||||||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||||||||||||||
Convertible notes receivable | (21,978 | ) | - | (21,978 | ) | ||||||||||||||||||||
Proceeds from convertible note payable | 141,040 | 12,500 | 153,540 | ||||||||||||||||||||||
Repayment of convertible notes payable | (163,550 | ) | - | (163,550 | ) | ||||||||||||||||||||
Advances (to) from a related party | 141,109 | - | 141,109 | ||||||||||||||||||||||
Repayment of advance from a related party | - | - | - | ||||||||||||||||||||||
Issuance of common stock, net of issuance costs | 1,484,166 | - | 1,484,166 | ||||||||||||||||||||||
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 1,580,787 | 12,500 | 1,593,287 | ||||||||||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH | (6,477 | ) | 262 | (6,214 | ) | ||||||||||||||||||||
NET INCREASE (DECREASE) IN CASH | 36,449 | 36,449 | |||||||||||||||||||||||
CASH, BEGINNING OF PERIOD | - | - | - | ||||||||||||||||||||||
CASH, END OF PERIOD | $ | 36,449 | - | $ | 36,449 | ||||||||||||||||||||
NON CASH INVESTING AND FINANCING ACTIVITES | |||||||||||||||||||||||||
Issuance of common stock for mineral property claims | - | - | - | ||||||||||||||||||||||
Convertible debt converted to common stock | - | - | - | ||||||||||||||||||||||
(1) | Assets originally recorded at fair value were adjusted to record at carrying value due to acquiree under common control and to expense acquisition costs incurred. | ||||||||||||||||||||||||
(2) | Adjustment due to original recording of assets at fair value. | ||||||||||||||||||||||||
(3) | Adjustments due to realized loss on available for sale securities and derecognization of translation adjustments for prior year. | ||||||||||||||||||||||||
(4) | Accumulated all adjustments related to the years ended December 31, 2012 and 2013. | ||||||||||||||||||||||||
(5) | $125,000 convertible notes payable originally accounted for within the scope of the cash conversion subsections, and were adjusted to accounted for within the scope of beneficial conversion feature. | ||||||||||||||||||||||||
(6) | Accumulated all adjustments related to the years ended December 31, 2012. | ||||||||||||||||||||||||
(7) | Adjustment arises from the incorrect capitalization of mining properties acquisition costs. | ||||||||||||||||||||||||
(8) | To adjust translation difference from accumulated other comprehensive income to loss from operations. | ||||||||||||||||||||||||
(9) | $12,500 commission fee has been deducted from convertible debt, and amortized $3,646 in previously stated financial statement for the year ended December 31, 2012. The issuance cost should not be offset against the proceeds received in calculating the intrinsic value of a conversion option. | ||||||||||||||||||||||||
Summary_of_Significant_Account1
Summary of Significant Accounting Policies (Policies) | 12 Months Ended | |
Aug. 31, 2013 | ||
Summary of Significant Accounting Policies [Abstract] | ' | |
Exploration Stage Company | ' | |
Exploration Stage Company | ||
The Company is an exploration stage company. The Company is still devoting substantially all of its efforts on establishing the business. All losses accumulated, since inception, have been considered as part of the Company’s exploration stage activities. | ||
Mineral Properties and Exploration and Development Costs | ' | |
Mineral Properties and Exploration and Development Costs | ||
The costs of acquiring mineral rights are capitalized at the date of acquisition. After acquisition, various factors can affect the recoverability of the capitalized costs. If, after review, management concludes that the carrying amount of a mineral property is impaired, it will be written down to estimated fair value. Exploration and pre-extraction expenditures incurred on mineral properties are expensed as incurred until such time the Company exits the Exploration Stage by establishing proven or probable reserves, as defined by the SEC under Industry Guide 7, through the completion of a “final” or “bankable” feasibility study. Development costs incurred on proven and probable reserves will be capitalized. Upon commencement of production, capitalized costs will be amortized using the unit-of-production method over the estimated life of the ore body based on proven and probable reserves (which exclude non-recoverable reserves and anticipated processing losses). When the Company receives an option payment related to a property, the proceeds of the payment are applied to reduce the carrying value of the exploration asset. Under Industry Guide 7, the Company does not have proven or probable reserves. | ||
Impairment of Long-Lived Assets | ' | |
Impairment of Long-Lived Assets | ||
Long-lived assets to be held and used are analyzed for impairment whenever events or changes in circumstances indicated that the related carrying amounts may not be recoverable. The Company evaluates at each balance sheet date whether events and circumstances have occurred that indicate possible impairment. If there are indications of impairment, the Company uses future undiscounted cash flows of the related asset or asset grouping over the remaining life in measuring whether the assets are recoverable or comparisons with other comparable assets in the vicinity or some business as may be applicable under the circumstances. In the event such cash flows are not expected to be sufficient to recover the recorded asset values, the assets are written down to their estimated fair value. Long-lived assets to be disposed of are reported at the lower of carrying amount or fair value of the asset less costs to sell. | ||
Cash | ' | |
Cash and Cash Equivalents | ||
Cash consists of commercial accounts and interest-bearing bank deposits and are carried at cost, which approximates current value. | ||
Fair Value of Financial Assets and Financial Liabilities | ' | |
Fair Value of Financial Assets and Financial Liabilities | ||
The Company measures its financial assets and liabilities in accordance with the requirements of ASC 820, Fair Value Measurements and Disclosures. ASC 820 clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows: | ||
Level 1-Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the reporting date. | ||
Level 2-Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data. | ||
Level 3-Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information | ||
The Company's financial instruments consist of cash, accounts payable and accrued liabilities, convertible notes payable, and advances from related party. 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. The fair value of these financial instruments approximates their carrying values due to the short-term maturity of these instruments. | ||
Foreign Translation Adjustment | ' | |
Foreign Translation Adjustment | ||
The accounts of the Company’s foreign subsidiaries whose functional currency is the Canadian dollar, were translated into United States dollars in accordance with the provisions of ASC 830, Foreign Currency Matters. In accordance with the provisions of ASC 830, transaction gains and losses on these assets and liabilities are included in the determination of income for the relevant periods. Adjustments resulting from the translation of the consolidated financial statements from their functional currencies to United States dollars are accumulated as a separate component of accumulated other comprehensive income (loss) and have not been included in the determination of income for the relevant periods. | ||
Income Taxes | ' | |
Income Taxes | ||
The Company accounts for income taxes pursuant to ASC 740, Income Taxes. Deferred tax assets and liabilities are recorded for differences between the financial statements and tax basis of the assets and liabilities that will result in taxable or deductible amounts in the future based on enacted tax laws and rates. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. Income tax expense is recorded for the amount of income tax payable or refundable for the period increased or decreased by the change in deferred tax assets and liabilities during the period. | ||
Use of Estimates | ' | |
Use of Estimates | ||
The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known. The estimates on depreciation were based on the estimated useful lives of the Company's assets. Any estimates during the period have had an immaterial effect on earnings. | ||
Loss Per Share | ' | |
Earnings or Loss Per Share | ||
The Company accounts for loss per share pursuant ASC 260, Earnings per Share, which require disclosure on the financial statements of “basic” and “diluted” earnings (loss) per share. Basic earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding for the year. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding plus common stock equivalents (if dilutive) related to stock options and warrants for each year. | ||
There were no dilutive financial instruments for the year ended August 31, 2013 and 2012 or for the period from inception (June 5, 2003) to August 31, 2013, as the inclusion of dilutive shares would be anti-dilutive. | ||
Comprehensive Income/(Loss) | ' | |
Comprehensive Income | ||
The Company follows the guidance in ASC 220, Comprehensive Income. ASC 220 establishes standards for the reporting and presentation of comprehensive income and its components in a full set of consolidated financial statements. Comprehensive income is presented in the statements of changes in stockholders' equity (deficit), and consists of unrealized gains (losses) on available for sale marketable securities and foreign currency translation adjustments. ASC 220 requires only additional disclosures in the consolidated financial statements and does not affect the Company's financial position or results of operations. | ||
Equipment | ' | |
Equipment | ||
Equipment is stated at cost less accumulated depreciation. Depreciation, based on the estimated useful lives of the assets, is provided using the under noted annual rates and methods: | ||
Furniture and fixtures | 20% declining balance | |
Computer | 30% declining balance | |
Stock-Based Compensation | ' | |
Stock-Based Compensation | ||
The Company accounts for Stock-Based Compensation in accordance with ASC 718, Compensation – Stock Compensation. ASC 718 establishes standards for the accounting for transactions in which an entity exchanges its equity instruments for goods or services. It also addresses transactions in which an entity incurs liabilities in exchange for goods or services that are based on the fair value of the entity ’ s equity instruments or that may be settled by the issuance of those equity instruments. ASC 718 focuses primarily on accounting for transactions in which an entity obtains employee services in share-based payment transactions. ASC 718 requires that the compensation cost relating to share-based payment transactions be recognized in the consolidated financial statements. That cost is measured based on the fair value of the equity or liability instruments issued. | ||
Recent Accounting Pronouncements | ' | |
Recent Accounting Pronouncements | ||
In December 2011, the FASB issued ASU No. 2011-11, Disclosures about Offsetting Assets and Liabilities (Topic 210). The new disclosure requirements mandate that entities disclose both gross and net information about instruments and transactions eligible for offset in the statement of financial position as well as instruments and transactions subject to an agreement similar to a master netting arrangement. In addition, the standard requires disclosure of collateral received and posted in connection with master netting agreements or similar arrangements. The amendments are effective for annual reporting periods beginning on or after January 1, 2013, and interim periods within those annual periods. The disclosures required by the amendments are required to be applied retrospectively for all comparative periods presented. The Company does not believe the adoption of this standard will have a material impact on its condensed consolidated financial statements. | ||
In July 2012, the FASB issued ASU 2012-02, “Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment” (ASU 2012-02), which permits an entity to make a qualitative assessment of whether it is more likely than not that the fair value of a reporting unit’s indefinite-lived intangible asset is less than the asset’s carrying value before applying the two-step goodwill impairment model that is currently in place. If it is determined through the qualitative assessment that the fair value of a reporting unit’s indefinite-lived intangible asset is more likely than not greater than the asset’s carrying value, the remaining impairment steps would be unnecessary. The qualitative assessment is optional, allowing companies to go directly to the quantitative assessment. ASU 2012-02 is effective for the Company for annual and interim indefinite-lived intangible asset impairment tests performed beginning August 1, 2013, however early adoption is permitted. The Company adopted ASU 2012-02 in its fiscal year 2013 consolidated financial statements. | ||
In February 2013, the FASB issued ASU 2013-02, which amends the authoritative accounting guidance under ASC Topic 220 “Comprehensive Income.” The amendments do not change the current requirements for reporting net income or other comprehensive income in financial statements. However, the amendments require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under US GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts that are not required under US GAAP to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures required under US GAAP that provide additional detail about those amounts. The amendments in this update are effective prospectively for reporting periods beginning after December 15, 2013. Early adoption is permitted. Adoption of this update is not expected to have a material effect on the Company’s consolidated results of operations or financial condition. | ||
In March 2013, the FASB issued guidance on a parent company’s accounting for the cumulative translation adjustment upon derecognition of a subsidiary or group of assets within a foreign entity. This new guidance requires that the parent company releases any related cumulative translation adjustment into net income only if the sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The new guidance will be effective for the Company beginning July 1, 2014. The adoption of this pronouncement is not expected to have a material impact on the Company’s financial statements. | ||
All other recent pronouncements issued by the FASB or other authoritative standards groups with future effective dates are either not applicable or are not expected to be significant to the consolidated financial statements of the Company. |
Income_Taxes_Tables
Income Taxes (Tables) | 12 Months Ended | ||||||||
Aug. 31, 2013 | |||||||||
Income Tax Disclosure [Abstract] | ' | ||||||||
Schedule of income tax provision | ' | ||||||||
Year ended | Year ended | ||||||||
August 31, | August 31, | ||||||||
2013 | 2012 | ||||||||
Loss before income taxes | $ | 1,225,857 | $ | 775,291 | |||||
Applicable tax rates | 34 | % | 34 | % | |||||
Income tax benefit computed at applicable statutory rates | $ | 416,791 | $ | 263,599 | |||||
Tax effect of expenses not deductible for tax purposes | (279,361 | ) | (181,373 | ) | |||||
Change in valuation allowance | (137,430 | ) | (82,226 | ) | |||||
Total income tax provision | $ | - | $ | - | |||||
Schedule of components of deferred tax benefit | ' | ||||||||
As at | As at | ||||||||
August 31, | August 31, | ||||||||
2013 | 2012 | ||||||||
Non-capital losses carried forward | $ | 491,331 | $ | 353,900 | |||||
Valuation allowance | (491,331 | ) | (353,900 | ) | |||||
Net deferred tax benefit | $ | - | $ | - |
Summary_of_Significant_Account2
Summary of Significant Accounting Policies (Tables) | 12 Months Ended | |
Aug. 31, 2013 | ||
Summary of Significant Accounting Policies [Abstract] | ' | |
Depreciation methodology of equipment | ' | |
Furniture and fixtures | 20% declining balance | |
Computer | 30% declining balance |
Discontinued_Operations_Tables
Discontinued Operations (Tables) | 12 Months Ended | ||||||||||||
Aug. 31, 2013 | |||||||||||||
Discontinued Operations [Abstract] | ' | ||||||||||||
Summary of operating results of discontinued operation | ' | ||||||||||||
For the Year Ended | For the Year Ended | For the Period | |||||||||||
August 31, | August 31, | from Inception | |||||||||||
2013 | 2012 | (June 5, 2003) to | |||||||||||
31-Aug-13 | |||||||||||||
Revenue | $ | - | $ | 3,024 | $ | 387,810 | |||||||
Cost of goods sold | 2,175 | 268,109 | |||||||||||
Gross profit | - | 849 | 119,701 | ||||||||||
Operating expenses | 4,591 | 265,551 | |||||||||||
Loss from discontinued operations before tax | (3,742 | ) | (145,850 | ) | |||||||||
Income taxes | - | - | |||||||||||
Loss from discontinued operations after income tax expenses | $ | - | $ | (3,742 | ) | $ | (145,850 | ) |
Equipment_Tables
Equipment (Tables) | 12 Months Ended | ||||||||||||||||
Aug. 31, 2013 | |||||||||||||||||
Equipment [Abstract] | ' | ||||||||||||||||
Components of equipment | ' | ||||||||||||||||
The components of equipment were as follows: | |||||||||||||||||
Cost | Accumulated Depreciation | Net | Net | ||||||||||||||
2013 | 2012 | ||||||||||||||||
Furniture and equipment | $ | 3,634 | $ | 3,073 | $ | 561 | $ | 780 | |||||||||
Computer | 15,695 | 15,498 | 197 | 178 | |||||||||||||
$ | 19,329 | $ | 18,571 | $ | 758 | $ | 958 |
Mineral_Property_Claims_Tables
Mineral Property Claims (Tables) | 12 Months Ended | ||||||||
Aug. 31, 2013 | |||||||||
Mineral Property Claims and Impairment of Mineral Properties [Abstract] | ' | ||||||||
Mineral property claims acquisition costs | ' | ||||||||
31-Aug-13 | 31-Aug-12 | ||||||||
Lithium Properties (a) | $ | - | $ | 133,108 | |||||
Rimrock Property, West Silver Cloud and Pony Spur (b) | 74,970 | - | |||||||
Silver Cloud Property (c) | 305,000 | - | |||||||
$ | 379,970 | $ | 133,108 |
Convertible_Notes_Payable_Tabl
Convertible Notes Payable (Tables) | 12 Months Ended | ||||
Aug. 31, 2013 | |||||
Convertible Notes Payable [Abstract] | ' | ||||
Shedule of convertible note payable | ' | ||||
Carrying amount of convertible notes, September 1, 2011 | $ | 0 | |||
Add: Face Value | 125,000 | ||||
Discount on Note | (125,000 | ) | |||
Discount amortization | 36,458 | ||||
Carrying amount of convertible notes, August 31, 2012 | 36,458 | ||||
Discount amortization | 88,542 | ||||
Conversion to share | (125,000 | ) | |||
Carrying amount of convertible notes, August 31, 2013 | $ | - |
Capital_Stock_Tables
Capital Stock (Tables) | 12 Months Ended | ||||||||||||||||
Aug. 31, 2013 | |||||||||||||||||
Capital Stock [Abstract] | ' | ||||||||||||||||
Shedule of fair value of warrants issued under the transaction | ' | ||||||||||||||||
No. of warrants | Warrant value | Weighted | Weighted | ||||||||||||||
average exercise | average | ||||||||||||||||
price | remaining life | ||||||||||||||||
Outstanding and exercisable at September 1, 2012 and 2011 | - | - | |||||||||||||||
Issued with common shares at private placement | 2,510,000 | $ | 145,247 | 0.3 | 1.45 | ||||||||||||
Outstanding and exercisable at August 31, 2013 | 2,510,000 | $ | 145,247 | 0.3 | 1.45 |
Restatement_Tables
Restatement (Tables) | 12 Months Ended | ||||||||||||||||||||||||
Aug. 31, 2013 | |||||||||||||||||||||||||
Restatement [Abstract] | ' | ||||||||||||||||||||||||
Consolidated Balance Sheet | ' | ||||||||||||||||||||||||
Consolidated Balance Sheet as at August 31, 2013 | |||||||||||||||||||||||||
31-Aug-13 | 31-Aug-13 | 31-Aug-13 | |||||||||||||||||||||||
Previously stated | Adjustments | Restated | |||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Current Assets | |||||||||||||||||||||||||
Cash | $ | 36,449 | $ | 36,449 | |||||||||||||||||||||
Prepaid and sundry | 80,596 | 80,596 | |||||||||||||||||||||||
Total Current Assets | 117,045 | 117,045 | |||||||||||||||||||||||
Long Term Assets | |||||||||||||||||||||||||
Mineral property claims (1) | 3,327,117 | (2,947,147 | ) | 379,970 | |||||||||||||||||||||
Equipment | 758 | 758 | |||||||||||||||||||||||
Total Long Term Assets | 3,327,875 | (2,947,147 | ) | 380,728 | |||||||||||||||||||||
Total Assets | $ | 3,444,920 | (2,947,147 | ) | $ | 497,773 | |||||||||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||||||||||||||||||||||
Current Liabilities | |||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 8,603 | $ | 8,603 | |||||||||||||||||||||
Convertible notes payable | - | 16,109 | |||||||||||||||||||||||
Advances from a related party | 16,109 | - | |||||||||||||||||||||||
Total Liabilities | 24,712 | 24,712 | |||||||||||||||||||||||
Stockholders' Equity | |||||||||||||||||||||||||
Capital stock, $0.001 par value; Authorized 200,000,000; Issued and outstanding 34,614,489 (August 31, 2012 – 7,420,109) | 34,615 | 34,615 | |||||||||||||||||||||||
Additional paid-in capital (2) | 5,962,315 | (2,476,830 | ) | 3,485,485 | |||||||||||||||||||||
Accumulated other comprehensive loss (3) | (9,802 | ) | 9,802 | - | |||||||||||||||||||||
Deficit accumulated during the exploration stage (4) | (2,566,920 | ) | (480,119 | ) | (3,047,039 | ) | |||||||||||||||||||
Total Stockholders' Equity | 3,420,208 | (2,947,147 | ) | 473,061 | |||||||||||||||||||||
Total Liabilities and Stockholders' Equity | $ | 3,444,920 | (2,947,147 | ) | $ | 497,773 | |||||||||||||||||||
Consolidated Balance Sheet as at August 31, 2012 | |||||||||||||||||||||||||
31-Aug-12 | 31-Aug-12 | 31-Aug-12 | |||||||||||||||||||||||
Previously stated | Adjustments | Restated | |||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Current Assets | |||||||||||||||||||||||||
Cash | $ | 11,191 | - | $ | 11,191 | ||||||||||||||||||||
Prepaid and sundry | 11,129 | - | 11,129 | ||||||||||||||||||||||
Total Current Assets | 22,320 | - | 22,320 | ||||||||||||||||||||||
Long Term Assets | |||||||||||||||||||||||||
Mineral property claims | 133,108 | - | 133,108 | ||||||||||||||||||||||
Equipment | 958 | - | 958 | ||||||||||||||||||||||
Total Long Term Assets | 134,066 | - | 134,066 | ||||||||||||||||||||||
Total Assets | $ | 156,386 | - | $ | 156,386 | ||||||||||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||||||||||||||||||||||
Current Liabilities | |||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 32,539 | - | $ | 32,539 | ||||||||||||||||||||
Convertible notes payable (5) | 111,330 | (74,872 | ) | 36,458 | |||||||||||||||||||||
Advances from a related party | - | - | |||||||||||||||||||||||
Total Liabilities | 143,869 | (74,872 | ) | 68,997 | |||||||||||||||||||||
Stockholders' Equity | |||||||||||||||||||||||||
Capital stock, $0.001 par value; Authorized 200,000,000; Issued and outstanding 34,614,489 (August 31, 2012 – 7,420,109) | 7,420 | 7,420 | |||||||||||||||||||||||
Additional paid-in capital (5) | 1,782,951 | 118,200 | 1,901,151 | ||||||||||||||||||||||
Accumulated other comprehensive loss (3) | (9,540 | ) | 9,540 | 0 | |||||||||||||||||||||
Deficit accumulated during the development stage (6) | (1,768,314 | ) | (52,868 | ) | (1,821,182 | ) | |||||||||||||||||||
Total Stockholders' Equity | 12,517 | 74,872 | 87,389 | ||||||||||||||||||||||
Total Liabilities and Stockholders' Equity | $ | 156,386 | - | $ | 156,386 | ||||||||||||||||||||
Reconciliation of Consolidated statements of operations and comprehensive loss | ' | ||||||||||||||||||||||||
Consolidated Balance Sheet as at August 31, 2013 | |||||||||||||||||||||||||
31-Aug-13 | 31-Aug-13 | 31-Aug-13 | |||||||||||||||||||||||
Previously stated | Adjustments | Restated | |||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Current Assets | |||||||||||||||||||||||||
Cash | $ | 36,449 | $ | 36,449 | |||||||||||||||||||||
Prepaid and sundry | 80,596 | 80,596 | |||||||||||||||||||||||
Total Current Assets | 117,045 | 117,045 | |||||||||||||||||||||||
Long Term Assets | |||||||||||||||||||||||||
Mineral property claims (1) | 3,327,117 | (2,947,147 | ) | 379,970 | |||||||||||||||||||||
Equipment | 758 | 758 | |||||||||||||||||||||||
Total Long Term Assets | 3,327,875 | (2,947,147 | ) | 380,728 | |||||||||||||||||||||
Total Assets | $ | 3,444,920 | (2,947,147 | ) | $ | 497,773 | |||||||||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||||||||||||||||||||||
Current Liabilities | |||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 8,603 | $ | 8,603 | |||||||||||||||||||||
Convertible notes payable | - | 16,109 | |||||||||||||||||||||||
Advances from a related party | 16,109 | - | |||||||||||||||||||||||
Total Liabilities | 24,712 | 24,712 | |||||||||||||||||||||||
Stockholders' Equity | |||||||||||||||||||||||||
Capital stock, $0.001 par value; Authorized 200,000,000; Issued and outstanding 34,614,489 (August 31, 2012 – 7,420,109) | 34,615 | 34,615 | |||||||||||||||||||||||
Additional paid-in capital (2) | 5,962,315 | (2,476,830 | ) | 3,485,485 | |||||||||||||||||||||
Accumulated other comprehensive loss (3) | (9,802 | ) | 9,802 | - | |||||||||||||||||||||
Deficit accumulated during the exploration stage (4) | (2,566,920 | ) | (480,119 | ) | (3,047,039 | ) | |||||||||||||||||||
Total Stockholders' Equity | 3,420,208 | (2,947,147 | ) | 473,061 | |||||||||||||||||||||
Total Liabilities and Stockholders' Equity | $ | 3,444,920 | (2,947,147 | ) | $ | 497,773 | |||||||||||||||||||
Consolidated Balance Sheet as at August 31, 2012 | |||||||||||||||||||||||||
31-Aug-12 | 31-Aug-12 | 31-Aug-12 | |||||||||||||||||||||||
Previously stated | Adjustments | Restated | |||||||||||||||||||||||
ASSETS | |||||||||||||||||||||||||
Current Assets | |||||||||||||||||||||||||
Cash | $ | 11,191 | - | $ | 11,191 | ||||||||||||||||||||
Prepaid and sundry | 11,129 | - | 11,129 | ||||||||||||||||||||||
Total Current Assets | 22,320 | - | 22,320 | ||||||||||||||||||||||
Long Term Assets | |||||||||||||||||||||||||
Mineral property claims | 133,108 | - | 133,108 | ||||||||||||||||||||||
Equipment | 958 | - | 958 | ||||||||||||||||||||||
Total Long Term Assets | 134,066 | - | 134,066 | ||||||||||||||||||||||
Total Assets | $ | 156,386 | - | $ | 156,386 | ||||||||||||||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | |||||||||||||||||||||||||
Current Liabilities | |||||||||||||||||||||||||
Accounts payable and accrued liabilities | $ | 32,539 | - | $ | 32,539 | ||||||||||||||||||||
Convertible notes payable (5) | 111,330 | (74,872 | ) | 36,458 | |||||||||||||||||||||
Advances from a related party | - | - | |||||||||||||||||||||||
Total Liabilities | 143,869 | (74,872 | ) | 68,997 | |||||||||||||||||||||
Stockholders' Equity | |||||||||||||||||||||||||
Capital stock, $0.001 par value; Authorized 200,000,000; Issued and outstanding 34,614,489 (August 31, 2012 – 7,420,109) | 7,420 | 7,420 | |||||||||||||||||||||||
Additional paid-in capital (5) | 1,782,951 | 118,200 | 1,901,151 | ||||||||||||||||||||||
Accumulated other comprehensive loss (3) | (9,540 | ) | 9,540 | 0 | |||||||||||||||||||||
Deficit accumulated during the development stage (6) | (1,768,314 | ) | (52,868 | ) | (1,821,182 | ) | |||||||||||||||||||
Total Stockholders' Equity | 12,517 | 74,872 | 87,389 | ||||||||||||||||||||||
Total Liabilities and Stockholders' Equity | $ | 156,386 | - | $ | 156,386 | ||||||||||||||||||||
Consolidated statements of Stockholders' Equity | ' | ||||||||||||||||||||||||
Common stock | Additional | Accumulated Other | Deficit | Total | |||||||||||||||||||||
Comprehensive | Accumulated | Stockholders’ | |||||||||||||||||||||||
During the | |||||||||||||||||||||||||
exploration | |||||||||||||||||||||||||
Shares | Amount | Paid in Capital | income | stage | equity | ||||||||||||||||||||
Balance, August 31, 2011 (Previously stated) | 6,808,025 | $ | 6,808 | $ | 1,680,885 | $ | (34,166 | ) | $ | (1,032,610 | ) | $ | 620,917 | ||||||||||||
Realized loss on available for sale securities – year 2007 & 2008 | - | - | - | 4,809 | (4,809 | )(3) | - | ||||||||||||||||||
Reclassification of foreign currency translation for prior years to retained earnings | - | - | - | 4,730 | (4,730 | )(3) | - | ||||||||||||||||||
Issuance of common stock for rent | 15,625 | 16 | 3,484 | - | - | 3,500 | |||||||||||||||||||
Issuance of common stock for cash, net of commissions | 301,459 | 301 | 54,077 | - | - | 54,378 | |||||||||||||||||||
Issuance of common stock for consulting services | 45,000 | 45 | 17,955 | - | - | 18,000 | |||||||||||||||||||
Issuance of common stock for purchase of properties | 250,000 | 250 | 19,750 | - | 20,000 | ||||||||||||||||||||
Convertible debentures equity portion | - | - | 125,000 | - | - | 125,000 | |||||||||||||||||||
Realized gain on convertible notes receivable | - | - | - | 23,621 | - | 23,621 | |||||||||||||||||||
Foreign currency translation | - | - | - | 1,006 | - | 1,006 | |||||||||||||||||||
Net loss | - | - | - | - | (779,033 | ) | (779,033 | ) | |||||||||||||||||
Balance, August 31, 2012 (Restated) | 7,420,109 | $ | 7,420 | $ | 1,901,151 | $ | - | $ | (1,821,182 | ) | $ | 87,389 | |||||||||||||
Conversion of convertible debentures | 641,370 | 642 | 127,633 | - | - | 128,275 | |||||||||||||||||||
Issuance of common stock for cash, net of issuance costs | 2,753,148 | 2,753 | 505,531 | - | - | 508,284 | |||||||||||||||||||
Issuance of common stock for consulting services | 4,500,000 | 4,500 | 670,500 | - | - | 675,000 | |||||||||||||||||||
Issuance of common stock to acquire mineral property claims | 19,300,000 | 19,300 | 280,670 | - | - | 299,970 | |||||||||||||||||||
Net loss | - | - | - | - | (1,225,857 | ) | (1,225,857 | ) | |||||||||||||||||
Balance, August 31, 2013 (Restated) | 34,614,627 | $ | 34,615 | $ | 3,485,485 | $ | - | $ | (3,047,039 | ) | $ | 473,061 | |||||||||||||
Consolidated statement of cash flows | ' | ||||||||||||||||||||||||
For the Year Ended | For the Year Ended | For the Year Ended | |||||||||||||||||||||||
31-Aug-13 | 31-Aug-13 | 31-Aug-13 | |||||||||||||||||||||||
(Previously stated) | (Adjustments) | (Restated) | |||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||||||||||||||
Net loss | $ | (798,606 | ) | $ | (427,251 | ) | $ | (1,225,857 | ) | ||||||||||||||||
Less: Loss from discontinued operations, net of tax expense | - | - | - | ||||||||||||||||||||||
Loss from continuing operations | (798,606 | ) | (427,251 | ) | (1,225,857 | ) | |||||||||||||||||||
Items not affecting cash | |||||||||||||||||||||||||
Depreciation | 200 | - | 200 | ||||||||||||||||||||||
Accretion expense on convertible notes payable | 13,670 | 74,872 | -5 | 88,542 | |||||||||||||||||||||
Accrued interest on convertible notes payable | 3,274 | - | 3,274 | ||||||||||||||||||||||
Foreign currency exchange loss | - | - | |||||||||||||||||||||||
Impairment of mineral property claims | 133,108 | - | 133,108 | ||||||||||||||||||||||
Impairment of convertible note receivable | - | - | - | ||||||||||||||||||||||
Issuance of common stock for services | 300,000 | 300,000 | -7 | 600,000 | |||||||||||||||||||||
Issuance of common stock for rental | - | - | - | ||||||||||||||||||||||
Write off of deferred offering costs | - | - | - | ||||||||||||||||||||||
Change in prepaid and sundry | 5,533 | - | 5,533 | ||||||||||||||||||||||
Change in accounts payable and accrued liabilities | (23,936 | ) | - | (23,936 | ) | ||||||||||||||||||||
Net cash used in operating activities from continuing operations | (366,757 | ) | (52,379 | ) | (419,136 | ) | |||||||||||||||||||
Net cash used in operating activities from discontinued operations | - | - | - | ||||||||||||||||||||||
CASH FLOWS USED IN OPERATING ACTIVITIES | (366,757 | ) | (52,379 | ) | (419,136 | ) | |||||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||||||
Acquisition of mineral property claims | (132,117 | ) | 52,117 | -7 | -80,000 | ||||||||||||||||||||
Disposition of equipment | - | - | - | ||||||||||||||||||||||
Acquisition of equipment | - | - | - | ||||||||||||||||||||||
CASH FLOWS USED IN INVESTING ACTIVITIES | (132,117 | ) | 52,117 | (80,000 | ) | ||||||||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||||||||||||||
Convertible notes receivable | - | - | - | ||||||||||||||||||||||
Proceeds from convertible note payable | - | - | - | ||||||||||||||||||||||
Repayment of convertible notes payable | - | - | - | ||||||||||||||||||||||
Advances (to) from a related party | 16,109 | - | 16,109 | ||||||||||||||||||||||
Repayment of advance from a related party | - | - | - | ||||||||||||||||||||||
Issuance of common stock, net of issuance costs | 508,285 | 508,285 | |||||||||||||||||||||||
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 524,394 | 524,394 | |||||||||||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH | (262 | ) | 262 | -8 | - | ||||||||||||||||||||
NET INCREASE (DECREASE) IN CASH | 25,258 | - | 25,258 | ||||||||||||||||||||||
CASH, BEGINNING OF PERIOD | 11,191 | - | 11,191 | ||||||||||||||||||||||
CASH, END OF PERIOD | $ | 36,449 | $ | 36,449 | |||||||||||||||||||||
NON CASH INVESTING AND FINANCING ACTIVITES | |||||||||||||||||||||||||
Issuance of common stock for acquisition of mineral property claims | $ | 3,195,000 | (2,895,030 | )(1) | 299,970 | ||||||||||||||||||||
Convertible debt payable and accrued interest converted to common stock | $ | 128,274 | - | 128,274 | |||||||||||||||||||||
For the Year Ended | For the Year Ended | For the Year Ended | |||||||||||||||||||||||
31-Aug-12 | 31-Aug-12 | 31-Aug-12 | |||||||||||||||||||||||
(Previously stated) | (Adjustments) | (Restated) | |||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||||||||||||||
Net loss | $ | (735,704 | ) | $ | (43,329 | ) | $ | (779,033 | ) | ||||||||||||||||
Less: Loss from discontinued operations, net of tax expense | 3,742 | 3,742 | |||||||||||||||||||||||
Loss from continuing operations | (731,962 | ) | (43,329 | ) | (775,291 | ) | |||||||||||||||||||
Items not affecting cash | - | - | - | ||||||||||||||||||||||
Depreciation | 120 | - | 120 | ||||||||||||||||||||||
Accretion expense on convertible notes payable | - | - | - | ||||||||||||||||||||||
Accrued interest on convertible notes payable | 5,630 | 30,829 | -5 | 36,459 | |||||||||||||||||||||
Foreign currency exchange loss | - | - | - | ||||||||||||||||||||||
Impairment of mineral property claims | 451,870 | - | 451,870 | ||||||||||||||||||||||
Impairment of convertible note receivable | 23,621 | - | 23,621 | ||||||||||||||||||||||
Loss on disposal of assets | - | - | - | ||||||||||||||||||||||
Issuance of common stock for services | 18,000 | - | 18,000 | ||||||||||||||||||||||
Issuance of common stock for rental | 3,500 | - | 3,500 | ||||||||||||||||||||||
Write off of deferred offering costs | - | - | - | ||||||||||||||||||||||
Change in prepaid and sundry | (5,289 | ) | - | (5,289 | ) | ||||||||||||||||||||
Change in accounts payable and accrued liabilities | 13,721 | - | 13,721 | ||||||||||||||||||||||
Net cash used in operating activities from continuing operations | (220,789 | ) | (12,500 | ) | (233,289 | ) | |||||||||||||||||||
Net cash used in operating activities from discontinued operations | (2,564 | ) | - | (2,564 | ) | ||||||||||||||||||||
CASH FLOWS USED IN OPERATING ACTIVITIES | (223,353 | ) | (12,500 | )(9) | (235,854 | ) | |||||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||||||
Acquisition of mineral property claims | (14,978 | ) | - | (14,978 | ) | ||||||||||||||||||||
Disposition of equipment | - | - | - | ||||||||||||||||||||||
Acquisition of equipment | (1,130 | ) | - | (1,130 | ) | ||||||||||||||||||||
CASH FLOWS USED IN INVESTING ACTIVITIES | (16,108 | ) | - | (16,108 | ) | ||||||||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||||||||||||||
Convertible notes receivable | - | - | - | ||||||||||||||||||||||
Proceeds from convertible note payable | 112,500 | 12,500 | 125000 | ||||||||||||||||||||||
Repayment of convertible notes payable | (3,550 | ) | - | (3,550 | ) | ||||||||||||||||||||
Advances (to) from a related party | - | - | - | ||||||||||||||||||||||
Repayment of advance from a related party | (203 | ) | - | (203 | ) | ||||||||||||||||||||
Issuance of common stock, net of issuance costs | 54,378 | - | 54,378 | ||||||||||||||||||||||
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 163,125 | 12,500 | 175,625 | ||||||||||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH | 651 | 651 | |||||||||||||||||||||||
NET INCREASE (DECREASE) IN CASH | (75,685 | ) | - | (75,685 | ) | ||||||||||||||||||||
CASH, BEGINNING OF PERIOD | 86,876 | - | 86,876 | ||||||||||||||||||||||
CASH, END OF PERIOD | $ | 11,191 | 11,191 | ||||||||||||||||||||||
NON CASH INVESTING AND FINANCING ACTIVITES | |||||||||||||||||||||||||
Issuance of common stock for mineral property claims | $ | - | - | - | |||||||||||||||||||||
Convertible debt converted to common stock | $ | - | - | - | |||||||||||||||||||||
For The Period | For The Period | For The Period | |||||||||||||||||||||||
From Inception | From Inception | From Inception | |||||||||||||||||||||||
(June 5, 2003) To | (June 5, 2003) To | (June 5, 2003) To | |||||||||||||||||||||||
August 31, | August 31, | August 31, | |||||||||||||||||||||||
2013 | 2013 | 2013 | |||||||||||||||||||||||
(Previously stated) | (Adjustments) | (Restated) | |||||||||||||||||||||||
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||||||||||||||||||
Net loss | $ | (2,566,920 | ) | $ | (480,119 | ) | (3,047,039 | ) | |||||||||||||||||
Less: Loss from discontinued operations, net of tax expense | 136,311 | 9,539 | 145,850 | ||||||||||||||||||||||
Loss from continuing operations | (2,430,609 | ) | (470,580 | ) | (2,901,189 | ) | |||||||||||||||||||
Items not affecting cash | - | - | - | ||||||||||||||||||||||
Depreciation | 320 | - | 320 | ||||||||||||||||||||||
Accretion expense on convertible notes payable | 19,300 | 105,700 | 125,000 | ||||||||||||||||||||||
Accrued interest on convertible notes payable | 3,274 | - | 3,274 | ||||||||||||||||||||||
Foreign currency exchange loss | - | - | - | ||||||||||||||||||||||
Impairment of mineral property claims | 584,978 | - | 584,978 | ||||||||||||||||||||||
Impairment of convertible note receivable | 23,621 | - | 23,621 | ||||||||||||||||||||||
Loss on disposal of assets | 2,762 | - | 2,762 | ||||||||||||||||||||||
Issuance of common stock for services | 419,000 | 300,000 | 719,000 | ||||||||||||||||||||||
Issuance of common stock for rental | 3,500 | - | 3,500 | ||||||||||||||||||||||
Write off of deferred offering costs | 120,000 | - | 120,000 | ||||||||||||||||||||||
Change in prepaid and sundry | (5,596 | ) | - | (5,596 | ) | ||||||||||||||||||||
Change in accounts payable and accrued liabilities | 8,603 | - | 8,603 | ||||||||||||||||||||||
Net cash used in operating activities from continuing operations | (1,250,847 | ) | (64,880 | ) | (1,315,727 | ) | |||||||||||||||||||
Net cash used in operating activities from discontinued operations | (114,257 | ) | - | (114,257 | ) | ||||||||||||||||||||
CASH FLOWS USED IN OPERATING ACTIVITIES | (1,365,104 | ) | (64,880 | ) | (1,429,984 | ) | |||||||||||||||||||
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||||||||||||||||||
Acquisition of mineral property claims | (147,095 | ) | 52,117 | (94,978 | ) | ||||||||||||||||||||
Disposition of equipment | 4,462 | - | 4,462 | ||||||||||||||||||||||
Acquisition of equipment | (30,124 | ) | - | (30,124 | ) | ||||||||||||||||||||
CASH FLOWS USED IN INVESTING ACTIVITIES | (172,757 | ) | 52,117 | (120,640 | ) | ||||||||||||||||||||
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||||||||||||||||||
Convertible notes receivable | (21,978 | ) | - | (21,978 | ) | ||||||||||||||||||||
Proceeds from convertible note payable | 141,040 | 12,500 | 153,540 | ||||||||||||||||||||||
Repayment of convertible notes payable | (163,550 | ) | - | (163,550 | ) | ||||||||||||||||||||
Advances (to) from a related party | 141,109 | - | 141,109 | ||||||||||||||||||||||
Repayment of advance from a related party | - | - | - | ||||||||||||||||||||||
Issuance of common stock, net of issuance costs | 1,484,166 | - | 1,484,166 | ||||||||||||||||||||||
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | 1,580,787 | 12,500 | 1,593,287 | ||||||||||||||||||||||
EFFECT OF EXCHANGE RATE CHANGES ON CASH | (6,477 | ) | 262 | (6,214 | ) | ||||||||||||||||||||
NET INCREASE (DECREASE) IN CASH | 36,449 | 36,449 | |||||||||||||||||||||||
CASH, BEGINNING OF PERIOD | - | - | - | ||||||||||||||||||||||
CASH, END OF PERIOD | $ | 36,449 | - | $ | 36,449 | ||||||||||||||||||||
NON CASH INVESTING AND FINANCING ACTIVITES | |||||||||||||||||||||||||
Issuance of common stock for mineral property claims | - | - | - | ||||||||||||||||||||||
Convertible debt converted to common stock | - | - | - | ||||||||||||||||||||||
(1) | Assets originally recorded at fair value were adjusted to record at carrying value due to acquiree under common control and to expense acquisition costs incurred. | ||||||||||||||||||||||||
(2) | Adjustment due to original recording of assets at fair value. | ||||||||||||||||||||||||
(3) | Adjustments due to realized loss on available for sale securities and derecognization of translation adjustments for prior year. | ||||||||||||||||||||||||
(4) | Accumulated all adjustments related to the years ended December 31, 2012 and 2013. | ||||||||||||||||||||||||
(5) | $125,000 convertible notes payable originally accounted for within the scope of the cash conversion subsections, and were adjusted to accounted for within the scope of beneficial conversion feature. | ||||||||||||||||||||||||
(6) | Accumulated all adjustments related to the years ended December 31, 2012. | ||||||||||||||||||||||||
(7) | Adjustment arises from the incorrect capitalization of mining properties acquisition costs. | ||||||||||||||||||||||||
(8) | To adjust translation difference from accumulated other comprehensive income to loss from operations. | ||||||||||||||||||||||||
(9) | $12,500 commission fee has been deducted from convertible debt, and amortized $3,646 in previously stated financial statement for the year ended December 31, 2012. The issuance cost should not be offset against the proceeds received in calculating the intrinsic value of a conversion option. |
Restatement_Details
Restatement (Details) (USD $) | Aug. 31, 2013 | Jan. 09, 2013 | Aug. 31, 2012 | 16-May-12 | 12-May-12 | Apr. 30, 2012 | Aug. 31, 2011 | 31-May-10 | Jun. 04, 2003 |
Current Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash | $36,449 | ' | $11,191 | ' | ' | ' | $86,876 | ' | ' |
Prepaid and sundry | 80,596 | ' | 11,129 | ' | ' | ' | ' | ' | ' |
Total Current Assets | 117,045 | ' | 22,320 | ' | ' | ' | ' | ' | ' |
Long Term Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mineral property claims | 379,970 | ' | 133,108 | ' | ' | ' | ' | ' | ' |
Equipment | 758 | ' | 958 | ' | ' | ' | ' | ' | ' |
Total Long Term Assets | 380,728 | ' | 134,066 | ' | ' | ' | ' | ' | ' |
Total Assets | 497,773 | ' | 156,386 | ' | ' | ' | ' | ' | ' |
Current Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 8,603 | ' | 32,539 | ' | ' | ' | ' | ' | ' |
Convertible note payable | ' | 125,000 | 36,458 | 125,000 | 125,000 | 75,000 | 0 | 14,990 | ' |
Advances from a related party | 16,109 | ' | ' | ' | ' | ' | ' | ' | ' |
Total Liabilities | 24,712 | ' | 68,997 | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital stock, $0.001 par value; Authorized 200,000,000; Issued and outstanding 34,614,489 (August 31, 2012 7,420,109) | 34,615 | ' | 7,420 | ' | ' | ' | ' | ' | ' |
Additional paid-in capital | 3,485,485 | ' | 1,901,151 | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive loss (3) | -9,802 | ' | -9,540 | ' | ' | ' | ' | ' | ' |
Deficit accumulated during the exploration stage | -3,047,039 | ' | -1,821,182 | ' | ' | ' | ' | ' | ' |
Total Stockholders' Equity | 473,061 | ' | 87,389 | ' | ' | ' | ' | ' | ' |
Total Liabilities and Stockholders' Equity | 497,773 | ' | 156,386 | ' | ' | ' | ' | ' | ' |
Previously stated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash | 36,449 | ' | 11,191 | ' | ' | ' | 86,876 | ' | ' |
Prepaid and sundry | 80,596 | ' | 11,129 | ' | ' | ' | ' | ' | ' |
Total Current Assets | 117,045 | ' | 22,320 | ' | ' | ' | ' | ' | ' |
Long Term Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mineral property claims | 3,327,117 | ' | 133,108 | ' | ' | ' | ' | ' | ' |
Equipment | 758 | ' | 958 | ' | ' | ' | ' | ' | ' |
Total Long Term Assets | 3,327,875 | ' | 134,066 | ' | ' | ' | ' | ' | ' |
Total Assets | 3,444,920 | ' | 156,386 | ' | ' | ' | ' | ' | ' |
Current Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable and accrued liabilities | 8,603 | ' | 32,539 | ' | ' | ' | ' | ' | ' |
Convertible note payable | ' | ' | 111,330 | ' | ' | ' | ' | ' | ' |
Advances from a related party | 16,109 | ' | ' | ' | ' | ' | ' | ' | ' |
Total Liabilities | 24,712 | ' | 143,869 | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital stock, $0.001 par value; Authorized 200,000,000; Issued and outstanding 34,614,489 (August 31, 2012 7,420,109) | 34,615 | ' | 7,420 | ' | ' | ' | ' | ' | ' |
Additional paid-in capital | 5,962,315 | ' | 1,782,951 | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive loss (3) | -9,802 | ' | 9,540 | ' | ' | ' | ' | ' | ' |
Deficit accumulated during the exploration stage | -2,566,920 | ' | -1,768,314 | ' | ' | ' | ' | ' | ' |
Total Stockholders' Equity | 3,420,208 | ' | 12,517 | ' | ' | ' | ' | ' | ' |
Total Liabilities and Stockholders' Equity | 3,444,920 | ' | 156,386 | ' | ' | ' | ' | ' | ' |
Adjustments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Current Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Prepaid and sundry | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Current Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Long Term Assets | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mineral property claims | -2,947,147 | ' | ' | ' | ' | ' | ' | ' | ' |
Equipment | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Long Term Assets | -2,947,147 | ' | ' | ' | ' | ' | ' | ' | ' |
Total Assets | -2,947,147 | ' | ' | ' | ' | ' | ' | ' | ' |
Current Liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accounts payable and accrued liabilities | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible note payable | ' | ' | -74,872 | ' | ' | ' | ' | ' | ' |
Advances from a related party | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total Liabilities | ' | ' | -74,872 | ' | ' | ' | ' | ' | ' |
Stockholders' Equity | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional paid-in capital | 2,476,830 | ' | 118,200 | ' | ' | ' | ' | ' | ' |
Accumulated other comprehensive loss (3) | 9,802 | ' | 9,540 | ' | ' | ' | ' | ' | ' |
Deficit accumulated during the exploration stage | -480,119 | ' | -52,868 | ' | ' | ' | ' | ' | ' |
Total Stockholders' Equity | -2,947,147 | ' | 74,872 | ' | ' | ' | ' | ' | ' |
Total Liabilities and Stockholders' Equity | ($2,947,147) | ' | ' | ' | ' | ' | ' | ' | ' |
Restatement_Details_1
Restatement (Details 1) (USD $) | 3 Months Ended | 12 Months Ended | 123 Months Ended | |||||||||
Aug. 31, 2003 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2011 | Aug. 31, 2010 | Aug. 31, 2009 | Aug. 31, 2008 | Aug. 31, 2007 | Aug. 31, 2006 | Aug. 31, 2005 | Aug. 31, 2004 | Aug. 31, 2013 | |
Operating Expenses [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Professional Fees | ' | $866,071 | $220,671 | ' | ' | ' | ' | ' | ' | ' | ' | $1,873,254 |
Exploration | ' | 4,017 | 22,656 | ' | ' | ' | ' | ' | ' | ' | ' | 119,740 |
Mineral property claims maintenance fee | ' | 91,140 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 91,140 |
Marketing and Advertising Expense | ' | 7,526 | 1,788 | ' | ' | ' | ' | ' | ' | ' | ' | 16,707 |
Telecommunications | ' | 6,422 | 2,184 | ' | ' | ' | ' | ' | ' | ' | ' | 17,055 |
Rent and occupancy costs | ' | 16,450 | 7,728 | ' | ' | ' | ' | ' | ' | ' | ' | 27,310 |
Office and general | ' | 16,886 | 4,470 | ' | ' | ' | ' | ' | ' | ' | ' | 30,104 |
Interest and bank charges (5) | ' | 83,775 | 40,183 | ' | ' | ' | ' | ' | ' | ' | ' | 128,519 |
Foreign currency exchange loss | ' | -262 | ' | ' | ' | ' | ' | ' | ' | ' | ' | -262 |
Depreciation | ' | 200 | 120 | ' | ' | ' | ' | ' | ' | ' | ' | 320 |
TOTAL OPERATING EXPENSES | ' | 1,092,749 | 299,800 | ' | ' | ' | ' | ' | ' | ' | ' | 2,304,411 |
LOSS FROM OPERATIONS | ' | -1,092,749 | -299,800 | ' | ' | ' | ' | ' | ' | ' | ' | -2,304,411 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,821 |
Impairment of mineral property claims | ' | -133,108 | -451,870 | ' | ' | ' | ' | ' | ' | ' | ' | -584,978 |
Impairment of convertible note receivable | ' | ' | -23,621 | ' | ' | ' | ' | ' | ' | ' | ' | -23,621 |
LOSS FROM CONTINUING OPERATIONS BEFORE TAX | ' | -1,225,857 | -775,291 | ' | ' | ' | ' | ' | ' | ' | ' | -2,901,189 |
Income tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM CONTINUING OPERATIONS | ' | -1,225,857 | -775,291 | ' | ' | ' | ' | ' | ' | ' | ' | -2,901,189 |
LOSS FROM DISCONTINUED OPERATION, NET OF TAX | ' | ' | -3,742 | ' | ' | ' | ' | ' | ' | ' | ' | -145,850 |
Net loss | -1,257 | -1,225,857 | -779,033 | -498,393 | -267,389 | -124,214 | -94,389 | -16,945 | -18,388 | -5,810 | -5,825 | -3,047,039 |
OTHER COMPREHENSIVE LOSS FROM CONTINUING OPERATIONS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | 896 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on convertible note receivable and available-for-sale securities, net of tax | ' | ' | 23,621 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
COMPREHENSIVE LOSS OF CONTINUING OPERATIONS | ' | -1,225,857 | -750,774 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
OTHER COMPREHENSIVE LOSS FROM DISCONTINUED OPERATIONS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | 109 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
COMPREHENSIVE LOSS OF DISCONTINUED OPERATIONS | ' | ' | -3,633 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
TOTAL COMPREHENSIVE LOSS | ' | -1,225,857 | -754,407 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM CONTINUING OPERATIONS PER SHARE - BASIC AND DILUTED | ' | ($0.06) | ($0.11) | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM DISCONTINUED OPERATIONS PER SHARE - BASIC AND DILUTED | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
NET LOSS PER SHARES - BASIC AND DILUTED | ' | ($0.06) | ($0.11) | ' | ' | ' | ' | ' | ' | ' | ' | ' |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED | ' | 21,807,142 | 7,122,884 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Previously stated [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Expenses [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Professional Fees | ' | 513,954 | 211,817 | ' | ' | ' | ' | ' | ' | ' | ' | 1,512,283 |
Exploration | ' | 4,017 | 22,656 | ' | ' | ' | ' | ' | ' | ' | ' | 119,740 |
Mineral property claims maintenance fee | ' | 91,140 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 91,140 |
Marketing and Advertising Expense | ' | 7,526 | 1,788 | ' | ' | ' | ' | ' | ' | ' | ' | 16,707 |
Telecommunications | ' | 6,422 | 2,184 | ' | ' | ' | ' | ' | ' | ' | ' | 17,055 |
Rent and occupancy costs | ' | 16,450 | 7,728 | ' | ' | ' | ' | ' | ' | ' | ' | 27,310 |
Office and general | ' | 16,886 | 4,470 | ' | ' | ' | ' | ' | ' | ' | ' | 30,104 |
Interest and bank charges (5) | ' | 8,903 | 5,708 | ' | ' | ' | ' | ' | ' | ' | ' | 19,172 |
Foreign currency exchange loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Depreciation | ' | 200 | 120 | ' | ' | ' | ' | ' | ' | ' | ' | 320 |
TOTAL OPERATING EXPENSES | ' | 665,498 | 256,471 | ' | ' | ' | ' | ' | ' | ' | ' | 1,833,831 |
LOSS FROM OPERATIONS | ' | -665,498 | -256,471 | ' | ' | ' | ' | ' | ' | ' | ' | -1,833,831 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,821 |
Impairment of mineral property claims | ' | -133,108 | -451,870 | ' | ' | ' | ' | ' | ' | ' | ' | -584,978 |
Impairment of convertible note receivable | ' | ' | -23,621 | ' | ' | ' | ' | ' | ' | ' | ' | -23,621 |
LOSS FROM CONTINUING OPERATIONS BEFORE TAX | ' | -798,606 | -731,962 | ' | ' | ' | ' | ' | ' | ' | ' | -2,430,609 |
Income tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM CONTINUING OPERATIONS | ' | -798,606 | -731,962 | ' | ' | ' | ' | ' | ' | ' | ' | -2,430,609 |
LOSS FROM DISCONTINUED OPERATION, NET OF TAX | ' | ' | -3,742 | ' | ' | ' | ' | ' | ' | ' | ' | -136,311 |
Net loss | ' | -798,606 | -735,704 | ' | ' | ' | ' | ' | ' | ' | ' | -2,566,920 |
OTHER COMPREHENSIVE LOSS FROM CONTINUING OPERATIONS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | -262 | 896 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on convertible note receivable and available-for-sale securities, net of tax | ' | ' | 23,621 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
COMPREHENSIVE LOSS OF CONTINUING OPERATIONS | ' | -798,868 | -707,445 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
OTHER COMPREHENSIVE LOSS FROM DISCONTINUED OPERATIONS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | 109 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
COMPREHENSIVE LOSS OF DISCONTINUED OPERATIONS | ' | ' | -3,633 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
TOTAL COMPREHENSIVE LOSS | ' | -798,868 | -711,078 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM CONTINUING OPERATIONS PER SHARE - BASIC AND DILUTED | ' | ' | ($0.01) | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM DISCONTINUED OPERATIONS PER SHARE - BASIC AND DILUTED | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
NET LOSS PER SHARES - BASIC AND DILUTED | ' | ' | ($0.01) | ' | ' | ' | ' | ' | ' | ' | ' | ' |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED | ' | ' | 56,983,073 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Adjustments [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Operating Expenses [Abstract] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Professional Fees | ' | 352,117 | 8,854 | ' | ' | ' | ' | ' | ' | ' | ' | 360,971 |
Exploration | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mineral property claims maintenance fee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Marketing and Advertising Expense | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Telecommunications | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rent and occupancy costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Office and general | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest and bank charges (5) | ' | 74,872 | 34,475 | ' | ' | ' | ' | ' | ' | ' | ' | 109,347 |
Foreign currency exchange loss | ' | 262 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 262 |
Depreciation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
TOTAL OPERATING EXPENSES | ' | 427,251 | 43,329 | ' | ' | ' | ' | ' | ' | ' | ' | 470,580 |
LOSS FROM OPERATIONS | ' | 427,251 | -43,329 | ' | ' | ' | ' | ' | ' | ' | ' | -470,580 |
Interest income | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of mineral property claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment of convertible note receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM CONTINUING OPERATIONS BEFORE TAX | ' | -427,251 | -43,329 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM CONTINUING OPERATIONS | ' | -427,251 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM DISCONTINUED OPERATION, NET OF TAX | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -9,539 |
Net loss | ' | -1,225,857 | -43,329 | ' | ' | ' | ' | ' | ' | ' | ' | -480,119 |
OTHER COMPREHENSIVE LOSS FROM CONTINUING OPERATIONS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | 262 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on convertible note receivable and available-for-sale securities, net of tax | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
COMPREHENSIVE LOSS OF CONTINUING OPERATIONS | ' | -426,989 | 43,329 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
OTHER COMPREHENSIVE LOSS FROM DISCONTINUED OPERATIONS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation adjustment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
COMPREHENSIVE LOSS OF DISCONTINUED OPERATIONS | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
TOTAL COMPREHENSIVE LOSS | ' | ($426,989) | ($43,329) | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM CONTINUING OPERATIONS PER SHARE - BASIC AND DILUTED | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
LOSS FROM DISCONTINUED OPERATIONS PER SHARE - BASIC AND DILUTED | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
NET LOSS PER SHARES - BASIC AND DILUTED | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restatement_Details_2
Restatement (Details 2) (USD $) | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 3 Months Ended | 12 Months Ended | 123 Months Ended | ||||||||||||||||||
Mar. 01, 2013 | Feb. 11, 2013 | Jan. 09, 2013 | Dec. 20, 2013 | Feb. 08, 2012 | Jun. 30, 2013 | Feb. 28, 2013 | Apr. 30, 2012 | Mar. 31, 2012 | Feb. 29, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Dec. 31, 2010 | Aug. 31, 2003 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2011 | Aug. 31, 2010 | Aug. 31, 2009 | Aug. 31, 2008 | Aug. 31, 2007 | Aug. 31, 2006 | Aug. 31, 2005 | Aug. 31, 2004 | Aug. 31, 2013 | |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $620,917 | ' | ' | $87,389 | $620,917 | ($77,081) | ($187,134) | ($111,947) | ($56,390) | ($23,998) | ($13,810) | ($7,496) | ($1,166) | ' |
Issuance of common stock at inception | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock at inception, shares | ' | 2,510,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,875,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent, shares | ' | ' | ' | ' | ' | ' | ' | 15,625 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 299,970 | ' | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | 48,602 | ' | 6,600 | ' | ' | 9,000 | 5,000 | 26,250 | 15,000 | 3,500 | ' | ' | 508,284 | ' | ' | 75,000 | ' | 35,900 | 50 | ' | ' | ' | ' |
Issuance of common stock for cash, shares | ' | ' | 243,010 | ' | 27,500 | ' | ' | 37,500 | 20,833 | 109,375 | 93,750 | 12,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | 1,250,000 | ' | ' | ' | ' | 750,000 | 17,800,000 | ' | ' | ' | ' | ' | ' | ' | 675,000 | 18,000 | ' | 50,000 | 50,000 | 1,000 | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | ' | ' | 750,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for accounts payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 10,000 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 128,275 | ' | 14,990 | 120,000 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion, shares | ' | ' | 641,370 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 54,378 | 810,533 | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -23,622 | ' | ' | -1,994 | -2,815 | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,621 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -109 | ' | 1,006 | -5,530 | 2,442 | -973 | 3,926 | -12,682 | 8,200 | -504 | -505 | ' |
Forgiveness of advances from related party | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 120,000 | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,257 | -1,225,857 | -779,033 | -498,393 | -267,389 | -124,214 | -94,389 | -16,945 | -18,388 | -5,810 | -5,825 | -3,047,039 |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,166 | 473,061 | 87,389 | 620,917 | -77,081 | -187,134 | -111,947 | -56,390 | -23,998 | -13,810 | -7,496 | 473,061 |
Scenario, Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 620,917 | ' | ' | 87,389 | 620,917 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 18,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 20,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 54,378 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification of foreign currency translation for prior years to retained earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,621 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on available-for-sale securities, net of taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,006 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -798,606 | -735,704 | ' | ' | ' | ' | ' | ' | ' | ' | -2,566,920 |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 87,389 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Restatement Adjustment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 87,389 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 299,970 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 508,284 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 675,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 128,275 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,225,857 | -43,329 | ' | ' | ' | ' | ' | ' | ' | ' | -480,119 |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 473,061 | 87,389 | ' | ' | ' | ' | ' | ' | ' | ' | 473,061 |
Common Stock [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,808 | ' | ' | 7,420 | 6,808 | 1,924 | 899 | 774 | 312 | 250 | ' | ' | ' | ' |
Beginning Balance, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,808,025 | ' | ' | 7,420,109 | 6,808,025 | 1,923,750 | 898,750 | 773,750 | 312,500 | 250,000 | ' | ' | ' | ' |
Issuance of common stock at inception | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock at inception, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,625 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,300 | ' | 2,500 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims, shares. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,300,000 | ' | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,753 | ' | ' | 250 | ' | 449 | 62 | ' | ' | ' | ' |
Issuance of common stock for cash, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,753,148 | ' | ' | 250,000 | ' | 448,750 | 62,500 | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,500 | 45 | ' | ' | 125 | 13 | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,500,000 | 45,000 | ' | ' | 125,000 | 12,500 | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for accounts payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250 | 25 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for accounts payable, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | 25,000 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 642 | ' | 75 | 750 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 641,370 | ' | 75,000 | 750,000 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 301 | 2,059 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 301,459 | 2,059,275 | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250 | 34,615 | 7,420 | 6,808 | 1,924 | 899 | 774 | 312 | ' | 250 | 250 | 34,615 |
Balance,shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | 34,614,627 | 7,420,109 | 6,808,025 | 1,923,750 | 898,750 | 773,750 | 312,500 | ' | 250,000 | 250,000 | 34,614,627 |
Common Stock [Member] | Scenario, Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,808 | ' | ' | ' | 6,808 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 6,808,025 | ' | ' | ' | 6,808,025 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 16 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,625 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 45,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 301 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 301,459 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification of foreign currency translation for prior years to retained earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on available-for-sale securities, net of taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,420 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance,shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,420,109 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock [Member] | Restatement Adjustment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,420 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 7,420,109 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,300 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims, shares. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,753 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,753,148 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 642 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 641,370 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,615 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,615 |
Balance,shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,614,627 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 34,614,627 |
Additional Paid-in Capital [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,680,885 | ' | ' | 1,901,151 | 1,680,885 | 410,226 | 86,251 | 36,376 | -62 | -50 | ' | ' | ' | ' |
Issuance of common stock at inception | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -50 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,484 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 280,670 | ' | 397,500 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 505,531 | ' | ' | 74,750 | ' | 35,451 | -12 | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 670,500 | 17,955 | ' | ' | 49,875 | 987 | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,750 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for accounts payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 49,750 | 9,975 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 127,633 | ' | 14,915 | 119,250 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 54,077 | 808,494 | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Forgiveness of advances from related party | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 120,000 | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -50 | 3,485,485 | 1,901,151 | 1,680,885 | 410,226 | 86,251 | 36,376 | -62 | ' | -50 | -50 | 3,485,485 |
Additional Paid-in Capital [Member] | Scenario, Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,680,885 | ' | ' | ' | 1,680,885 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,484 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 17,955 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 19,750 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 54,077 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification of foreign currency translation for prior years to retained earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on available-for-sale securities, net of taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,901,151 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional Paid-in Capital [Member] | Restatement Adjustment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,901,151 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 280,670 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 505,531 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 670,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 127,633 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,485,485 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,485,485 |
Common Stock Issuable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock at inception | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for accounts payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -50,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -34,166 | ' | ' | ' | -34,166 | -5,014 | -7,456 | -6,483 | -8,415 | 7,082 | -1,118 | -614 | -109 | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for accounts payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -23,622 | ' | ' | -1,994 | -2,815 | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,621 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -109 | ' | 5,736 | -5,530 | 2,442 | -973 | 3,926 | -12,682 | 8,200 | -504 | -505 | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -109 | ' | ' | -34,166 | -5,014 | -7,456 | -6,483 | -8,415 | 7,082 | -1,118 | -614 | ' |
Accumulated Other Comprehensive Income (Loss) [Member] | Scenario, Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -34,166 | ' | ' | ' | -34,166 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification of foreign currency translation for prior years to retained earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,730 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 23,621 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on available-for-sale securities, net of taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,809 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,006 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Other Comprehensive Income (Loss) [Member] | Restatement Adjustment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Deficit during Development Stage [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,032,610 | ' | ' | -1,821,182 | -1,032,610 | -534,217 | -266,828 | -142,614 | -48,225 | -31,280 | -12,892 | -7,082 | -1,257 | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for accounts payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,730 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,257 | -1,225,857 | -779,033 | -498,393 | -267,389 | -124,214 | -94,389 | -16,945 | -18,388 | -5,810 | -5,825 | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,257 | -3,047,039 | -1,821,182 | -1,032,610 | -534,217 | -266,828 | -142,614 | -48,225 | -31,280 | -12,892 | -7,082 | -3,047,039 |
Accumulated Deficit during Development Stage [Member] | Scenario, Previously Reported [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,032,610 | ' | ' | ' | -1,032,610 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for purchase of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, net of commissions | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reclassification of foreign currency translation for prior years to retained earnings | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,730 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible debentures equity portion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Realized loss on convertible notes receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unrealized loss on available-for-sale securities, net of taxes | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -4,809 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Foreign currency translation | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -779,033 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,821,182 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accumulated Deficit during Development Stage [Member] | Restatement Adjustment [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Opening Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,821,182 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance Of Common Stock For Mineral Claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net loss | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | -1,225,857 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Balance | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($3,047,039) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ($3,047,039) |
Restatement_Details_3
Restatement (Details 3) (USD $) | 0 Months Ended | 12 Months Ended | 123 Months Ended | |
Jan. 09, 2013 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
Net Cash Provided By (Used In) Operating Activities [Abstract] | ' | ' | ' | ' |
Net loss | ' | ($1,225,857) | ($779,033) | ($3,047,039) |
Less: Loss from discontinued operations, net of tax expense | ' | ' | -3,742 | -145,850 |
LOSS FROM CONTINUING OPERATIONS | ' | -1,225,857 | -775,291 | -2,901,189 |
Adjustments To Reconcile Net Income (Loss) To Cash Provided By (Used In) Operating Activities [Abstract] | ' | ' | ' | ' |
Depreciation | ' | 200 | 120 | 320 |
Accretion expense on convertible notes payable | ' | 88,542 | 36,459 | 125,000 |
Accrued interest on convertible notes payable | 3,274 | 3,274 | ' | 3,274 |
Impairment of mineral property claims | ' | 133,108 | 451,870 | 584,978 |
Foreign currency exchange loss | ' | -262 | ' | -262 |
Impairment of convertible note receivable | ' | ' | 23,621 | 23,621 |
Loss on disposal of assets | ' | ' | ' | -2,762 |
Issuance of common stock for services | ' | 600,000 | 18,000 | 719,000 |
Issuance of common stock for rental | ' | ' | 3,500 | 3,500 |
Write off of deferred offering costs | ' | ' | ' | 120,000 |
Change in prepaid and sundry | ' | -5,533 | 5,289 | 5,596 |
Change in accounts payable and accrued liabilities | ' | -23,936 | 13,721 | 8,603 |
Net cash used in operating activities from continuing operations | ' | -419,136 | -233,289 | -1,315,727 |
Net cash used in operating activities from discontinued operations | ' | ' | -2,564 | -114,257 |
CASH FLOWS USED IN OPERATING ACTIVITIES | ' | -419,136 | -235,854 | -1,429,984 |
Net Cash Provided By (Used In) Investing Activities [Abstract] | ' | ' | ' | ' |
Acquisition of mineral property claims | ' | 80,000 | 14,978 | 94,978 |
Disposition of equipment | ' | ' | ' | 4,462 |
Acquisition of equipment | ' | ' | 1,130 | 30,124 |
CASH FLOWS USED IN INVESTING ACTIVITIES | ' | -80,000 | -16,108 | -120,640 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' | ' |
Convertible notes receivable | ' | ' | ' | -21,978 |
Proceeds From Convertible Debt | ' | ' | 125,000 | 153,540 |
Repayment of convertible notes payable | ' | ' | 3,550 | 163,550 |
Advances from a related party | ' | 16,109 | ' | 141,109 |
Repayment of advance from a related party | ' | ' | -203 | ' |
Issuance of common stock, net of issuance costs | ' | 508,285 | 54,378 | 1,484,166 |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | ' | 524,394 | 175,625 | 1,593,287 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | ' | ' | 651 | -6,214 |
NET INCREASE (DECREASE) IN CASH | ' | 25,258 | -75,685 | 36,449 |
CASH, BEGINNING OF PERIOD | ' | 11,191 | 86,876 | ' |
CASH, END OF PERIOD | ' | 36,449 | 11,191 | 36,449 |
NON CASH INVESTING AND FINANCING ACTIVITES | ' | ' | ' | ' |
Issuance of common stock for acquisition of mineral property claims | ' | 299,970 | 20,000 | ' |
Convertible debt payable and accrued interest converted to common stock | ' | 128,274 | ' | ' |
Scenario, Previously Reported [Member] | ' | ' | ' | ' |
Net Cash Provided By (Used In) Operating Activities [Abstract] | ' | ' | ' | ' |
Net loss | ' | -798,606 | -735,704 | -2,566,920 |
Less: Loss from discontinued operations, net of tax expense | ' | ' | 3,742 | 136,311 |
LOSS FROM CONTINUING OPERATIONS | ' | -798,606 | -731,962 | -2,430,609 |
Adjustments To Reconcile Net Income (Loss) To Cash Provided By (Used In) Operating Activities [Abstract] | ' | ' | ' | ' |
Depreciation | ' | 200 | 120 | 320 |
Accretion expense on convertible notes payable | ' | 13,670 | ' | 19,300 |
Accrued interest on convertible notes payable | ' | 3,274 | 5,630 | 3,274 |
Impairment of mineral property claims | ' | 133,108 | 451,870 | 584,978 |
Foreign currency exchange loss | ' | ' | ' | ' |
Impairment of convertible note receivable | ' | ' | 23,621 | 23,621 |
Loss on disposal of assets | ' | ' | ' | 2,762 |
Issuance of common stock for services | ' | 300,000 | 18,000 | 419,000 |
Issuance of common stock for rental | ' | ' | 3,500 | -3,500 |
Write off of deferred offering costs | ' | ' | ' | 120,000 |
Change in prepaid and sundry | ' | 5,533 | -5,289 | -5,596 |
Change in accounts payable and accrued liabilities | ' | -23,936 | 13,721 | 8,603 |
Net cash used in operating activities from continuing operations | ' | -366,757 | -220,789 | -1,250,847 |
Net cash used in operating activities from discontinued operations | ' | ' | -2,564 | -114,257 |
CASH FLOWS USED IN OPERATING ACTIVITIES | ' | -366,757 | -223,353 | -1,365,104 |
Net Cash Provided By (Used In) Investing Activities [Abstract] | ' | ' | ' | ' |
Acquisition of mineral property claims | ' | -132,117 | -14,978 | -147,095 |
Disposition of equipment | ' | ' | ' | 4,462 |
Acquisition of equipment | ' | ' | -1,130 | -30,124 |
CASH FLOWS USED IN INVESTING ACTIVITIES | ' | -132,117 | -16,108 | -172,757 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' | ' |
Convertible notes receivable | ' | ' | ' | 21,978 |
Proceeds From Convertible Debt | ' | ' | 112,500 | 141,040 |
Repayment of convertible notes payable | ' | ' | -3,550 | -163,550 |
Advances from a related party | ' | 16,109 | ' | 141,109 |
Repayment of advance from a related party | ' | ' | -203 | ' |
Issuance of common stock, net of issuance costs | ' | 508,285 | 54,378 | 1,484,166 |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | ' | 524,394 | 163,125 | 1,580,787 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | ' | -262 | 651 | -6,477 |
NET INCREASE (DECREASE) IN CASH | ' | 25,258 | -75,685 | 36,449 |
CASH, BEGINNING OF PERIOD | ' | 11,191 | 86,876 | ' |
CASH, END OF PERIOD | ' | 36,449 | 11,191 | 36,449 |
NON CASH INVESTING AND FINANCING ACTIVITES | ' | ' | ' | ' |
Issuance of common stock for acquisition of mineral property claims | ' | 3,195,000 | ' | ' |
Convertible debt payable and accrued interest converted to common stock | ' | 128,274 | ' | ' |
Restatement Adjustment [Member] | ' | ' | ' | ' |
Net Cash Provided By (Used In) Operating Activities [Abstract] | ' | ' | ' | ' |
Net loss | ' | -427,251 | -43,329 | -480,119 |
Less: Loss from discontinued operations, net of tax expense | ' | ' | ' | 9,539 |
LOSS FROM CONTINUING OPERATIONS | ' | -427,251 | ' | ' |
Adjustments To Reconcile Net Income (Loss) To Cash Provided By (Used In) Operating Activities [Abstract] | ' | ' | ' | ' |
Depreciation | ' | ' | ' | ' |
Accretion expense on convertible notes payable | ' | 74,872 | ' | 105,700 |
Accrued interest on convertible notes payable | ' | ' | 30,829 | ' |
Impairment of mineral property claims | ' | ' | ' | ' |
Foreign currency exchange loss | ' | 262 | ' | 262 |
Impairment of convertible note receivable | ' | ' | ' | ' |
Loss on disposal of assets | ' | ' | ' | ' |
Issuance of common stock for services | ' | 300,000 | ' | 300,000 |
Issuance of common stock for rental | ' | ' | ' | ' |
Write off of deferred offering costs | ' | ' | ' | ' |
Change in prepaid and sundry | ' | ' | ' | ' |
Change in accounts payable and accrued liabilities | ' | ' | ' | ' |
Net cash used in operating activities from continuing operations | ' | -52,379 | -12,500 | -64,880 |
Net cash used in operating activities from discontinued operations | ' | ' | ' | ' |
CASH FLOWS USED IN OPERATING ACTIVITIES | ' | -52,379 | -12,500 | -64,880 |
Net Cash Provided By (Used In) Investing Activities [Abstract] | ' | ' | ' | ' |
Acquisition of mineral property claims | ' | 52,117 | ' | 52,117 |
Disposition of equipment | ' | ' | ' | ' |
Acquisition of equipment | ' | ' | ' | ' |
CASH FLOWS USED IN INVESTING ACTIVITIES | ' | 52,117 | ' | 52,117 |
CASH FLOWS FROM FINANCING ACTIVITIES | ' | ' | ' | ' |
Convertible notes receivable | ' | ' | ' | ' |
Proceeds From Convertible Debt | ' | ' | 12,500 | 12,500 |
Repayment of convertible notes payable | ' | ' | ' | ' |
Advances from a related party | ' | ' | ' | ' |
Repayment of advance from a related party | ' | ' | ' | ' |
Issuance of common stock, net of issuance costs | ' | ' | ' | ' |
CASH FLOWS PROVIDED BY FINANCING ACTIVITIES | ' | ' | 12,500 | 12,500 |
EFFECT OF EXCHANGE RATE CHANGES ON CASH | ' | 262 | ' | 262 |
NET INCREASE (DECREASE) IN CASH | ' | ' | ' | ' |
CASH, BEGINNING OF PERIOD | ' | ' | ' | ' |
CASH, END OF PERIOD | ' | ' | ' | ' |
NON CASH INVESTING AND FINANCING ACTIVITES | ' | ' | ' | ' |
Issuance of common stock for acquisition of mineral property claims | ' | -2,895,030 | ' | ' |
Convertible debt payable and accrued interest converted to common stock | ' | ' | ' | ' |
Nature_of_Operations_and_Organ1
Nature of Operations and Organization (Details) (USD $) | 0 Months Ended | 1 Months Ended | 2 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||||||||||||||||||||||||||||
3-May-13 | Mar. 15, 2013 | Feb. 11, 2013 | 17-May-12 | Mar. 01, 2011 | Dec. 07, 2010 | Mar. 02, 2010 | Jun. 30, 2013 | Feb. 28, 2013 | 31-May-12 | Apr. 30, 2012 | Jul. 31, 2011 | Mar. 31, 2011 | Dec. 31, 2010 | Aug. 31, 2010 | Jul. 31, 2010 | Apr. 30, 2010 | Nov. 30, 2013 | Aug. 31, 2013 | Aug. 31, 2011 | Feb. 08, 2013 | Aug. 31, 2012 | 16-May-12 | 12-May-12 | Jun. 25, 2011 | 24-May-11 | 15-May-11 | Dec. 02, 2010 | Apr. 07, 2010 | Aug. 31, 2013 | Aug. 31, 2013 | Dec. 31, 2011 | Aug. 31, 2013 | Dec. 31, 2011 | Dec. 31, 2010 | Aug. 31, 2013 | Dec. 02, 2010 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2011 | Dec. 31, 2010 | 31-May-12 | Aug. 31, 2013 | Aug. 31, 2011 | Dec. 31, 2010 | 31-May-12 | Aug. 31, 2011 | Dec. 31, 2010 | 31-May-12 | Aug. 31, 2011 | 3-May-13 | Feb. 11, 2013 | 3-May-13 | 3-May-13 | |
Property | Minimum [Member] | Maximum [Member] | Tucana Exploration Inc [Member] | Tucana Exploration Inc [Member] | Abigail Lithium Property [Member] | Abigail Lithium Property [Member] | Abigail Lithium Property [Member] | Abigail Lithium Property [Member] | Lac Kame and EM-1 Purchase Agreement [Member] | Condition One [Member] | Condition One [Member] | Condition One [Member] | Condition One [Member] | Condition Two [Member] | Condition Two [Member] | Condition Two [Member] | Condition Two [Member] | Condition Three [Member] | Condition Three [Member] | Condition Three [Member] | Condition Four [Member] | Silver Cloud Property [Member] | Rimrock Property West Silver Cloud Property And Pony Spur Property [Member] | Geologix [Member] | Teck Resources Inc [Member] | |||||||||||||||||||||||||||||
Claims | Claims | ha | ha | ha | Abigail Lithium Property [Member] | Lac Kame and EM-1 Purchase Agreement [Member] | Abigail Lithium Property [Member] | Lac Kame and EM-1 Purchase Agreement [Member] | Abigail Lithium Property [Member] | Lac Kame and EM-1 Purchase Agreement [Member] | mine | |||||||||||||||||||||||||||||||||||||||||||
ha | Claims | |||||||||||||||||||||||||||||||||||||||||||||||||||||
Organization and Nature of Operations (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of properties acquired by parent company | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Area of property | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,439 | ' | ' | ' | 9,510 | 11,844 | 1,966 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of shares under asset purchase agreement | 500,000 | ' | ' | 250,000 | ' | 15,000,000 | ' | 500,000 | ' | 15,000,000 | 5,000,000 | ' | 625,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | 100,000 | ' | ' | 1,000,000 | ' | 500,000 | 17,800,000 | ' | ' |
Price of shares issued under asset purchase agreement | ' | ' | $0.00 | $0.01 | ' | ' | ' | ' | ' | ' | $0.03 | ' | $0.02 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.02 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.00 | ' | ' |
Acquired interest in asset purchase agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issued and outstanding common shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66,435,908 | ' | ' | ' | ' | ' | ' | ' | 1,539,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Increase in issued and outstanding common shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,390,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Before forward split authorized common shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital stock, shares authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000,000 | ' | ' | 200,000,000 | ' | ' | ' | ' | ' | ' | 200,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Decreased issued and outstanding common shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,304,488 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross proceeds from private placement with unrelated investors | ' | ' | $502,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock | ' | ' | 2,510,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,875,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Terms of conversion, description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The Company issued 2,510,000 common stock at a purchase price of $0.20 per share, each with one warrant to purchase common stock at an exercise price of $0.30 per share. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise price | ' | ' | 0.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of unpatented mining claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 522 | ' | ' | ' |
Number of mining claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,210 | ' | ' | ' |
Forward split of issued and outstanding common stock | ' | ' | '1-for-8 reverse | ' | ' | ' | ' | ' | '1-for-8 reverse | ' | ' | ' | ' | ' | ' | ' | '1 for 10 forward split | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional payment under asset purchase agreement | 100,000 | ' | ' | ' | 100,000 | ' | 100,000 | ' | 17,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | 50,000 | ' | ' | 100,000 | 100,000 | ' | 150,000 | 150,000 | ' | ' | ' | ' | ' |
Number of days available for additional payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '90 days | ' | ' | '180 days | ' | ' | ' | ' | ' | ' |
Shares issued in connection with acquisition of properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61,647,250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares exchanged under share exchange agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares exchanged under share exchange agreement, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 40.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cancelled common shares issued to Oteegee | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 61,647,250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Description of claims staked by company | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '82 claims covered by NTS sheets 32O12 and 1 claim covered by NTS sheets 32N09 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Description of property acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'It is covered by NTS sheets 32O12 and 32O13. The Property is made up of 222 map-designated cells totaling approx 11,844 hectares. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount spend on property | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,500,000 | ' | ' | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock shares issued to consultant | 1,000,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | 2,000,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | 500,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount paid to legal charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional share for selling group | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | 1,000,000 | ' | ' | 2,000,000 | 1,000,000 | ' | ' | 1,000,000 | ' | ' | 2,000,000 | ' | ' | ' | ' |
Amount for selling group | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | 250,000 | ' | ' | 2,000,000 | 250,000 | ' | ' | 250,000 | ' | ' | 500,000 | ' | ' | ' | ' |
Royalty payable to selling group | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum of initial closing private offering | ' | ' | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum of initial closing private offering | ' | ' | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares comprised under agreement | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | 100,000 |
Number of claims decided to write down | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '215 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expiration date of claims staked | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'November 2013 | '2014 | 'Between April and May 2014 | ' | 'November 2013 to November 2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Agreed minimum initial exploration work budget | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 300,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest on Convertible Debenture | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4.00% | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount of debt | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Conversion price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.20 | $0.20 | ' | ' | $0.15 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Principal amount repaid | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Percentage of ownership interest held by Tucana | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount required upon renewal for exploration work | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | 84,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of staking claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 8,215 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Company ownership percentage in claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of additional claims staked | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 83 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of mineral claims renewed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 71 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of mineral claims dropped | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount spend on acquired properties | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' | ' | ' | 2,500,000 | ' | ' | 5,000,000 | ' | ' | ' | ' | ' |
Proceeds from issuance of private placement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 502,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Annual payment to Pescio family | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Summary_of_Significant_Account3
Summary of Significant Accounting Policies (Details) | 12 Months Ended |
Aug. 31, 2013 | |
Furniture and Fixtures [Member] | ' |
Depreciation Methodology of Equipment [Abstract] | ' |
Equipment, basis of valuation | '20% declining balance |
Computer Equipment [Member] | ' |
Depreciation Methodology of Equipment [Abstract] | ' |
Equipment, basis of valuation | '30% declining balance |
Discontinued_Operations_Detail
Discontinued Operations (Details) (USD $) | 12 Months Ended | 123 Months Ended | |
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
Summary of operating results of discontinued operation | ' | ' | ' |
Revenue | ' | $3,024 | $387,810 |
Cost of goods sold | ' | -2,175 | -268,109 |
Gross profit | ' | 849 | 119,701 |
Operating expenses | ' | 4,591 | 265,551 |
Loss from discontinued operations before tax | ' | -3,742 | -145,850 |
Income taxes | ' | ' | ' |
Loss from discontinued operations after income tax expenses | ' | ($3,742) | ($145,850) |
Equipment_Details
Equipment (Details) (USD $) | Aug. 31, 2013 | Aug. 31, 2012 |
Components of equipment | ' | ' |
Cost | $19,329 | ' |
Accumulated Depreciation | 18,571 | ' |
Net | 758 | 958 |
Furniture and Fixtures [Member] | ' | ' |
Components of equipment | ' | ' |
Cost | 3,634 | ' |
Accumulated Depreciation | 3,073 | ' |
Net | 561 | 780 |
Computer [Member] | ' | ' |
Components of equipment | ' | ' |
Cost | 15,695 | ' |
Accumulated Depreciation | 15,498 | ' |
Net | $197 | $178 |
Equipment_Details_1
Equipment (Details 1) (USD $) | 12 Months Ended | 123 Months Ended | |
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
Equipment [Abstract] | ' | ' | ' |
Depreciation | $200 | $120 | $320 |
Mineral_Property_Claims_Detail
Mineral Property Claims (Details) (USD $) | Aug. 31, 2013 | Aug. 31, 2012 |
Mineral Property Claims | ' | ' |
Mineral Rights | $379,970 | $133,108 |
Lithium Properties [Member] | ' | ' |
Mineral Property Claims | ' | ' |
Mineral Rights | ' | 133,108 |
Rimrock Property West Silver Cloud Property And Pony Spur Property [Member] | ' | ' |
Mineral Property Claims | ' | ' |
Mineral Rights | 74,970 | ' |
Silver Cloud Property [Member] | ' | ' |
Mineral Property Claims | ' | ' |
Mineral Rights | $305,000 | ' |
Mineral_Property_Claims_Detail1
Mineral Property Claims (Details 1) (USD $) | 0 Months Ended | 1 Months Ended | 2 Months Ended | 12 Months Ended | 123 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||||||||||||||||
3-May-13 | Mar. 15, 2013 | 17-May-12 | Mar. 01, 2011 | Dec. 07, 2010 | Mar. 02, 2010 | Jun. 30, 2013 | Feb. 28, 2013 | 31-May-12 | Apr. 30, 2012 | Mar. 31, 2011 | Dec. 31, 2010 | Nov. 30, 2013 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | Jan. 09, 2013 | Mar. 05, 2012 | Feb. 29, 2012 | Feb. 08, 2012 | Dec. 15, 2011 | Aug. 31, 2010 | Aug. 31, 2008 | Dec. 31, 2011 | Aug. 31, 2013 | Dec. 31, 2011 | Aug. 31, 2013 | Dec. 02, 2010 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | 3-May-13 | Aug. 31, 2013 | Aug. 31, 2012 | Feb. 11, 2013 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
Property | mine | Tucana Exploration Inc [Member] | Tucana Exploration Inc [Member] | Abigail Lithium Property [Member] | Abigail Lithium Property [Member] | Abigail Lithium Property [Member] | Lac Kame Property [Member] | Em One Property [Member] | Lac Kame and EM-1 Purchase Agreement [Member] | Silver Cloud Property [Member] | Silver Cloud Property [Member] | Silver Cloud Property [Member] | Rimrock Property West Silver Cloud Property And Pony Spur Property [Member] | Rimrock Property West Silver Cloud Property And Pony Spur Property [Member] | Rimrock Property West Silver Cloud Property And Pony Spur Property [Member] | Pescio [Member] | ||||||||||||||||||||||
Claims | Claims | Cell | ha | Cell | Cell | ha | mine | acre | ||||||||||||||||||||||||||||||
ha | ha | Claims | ||||||||||||||||||||||||||||||||||||
Mineral Claims (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Area of property | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,439 | ' | ' | 9,510 | 11,844 | ' | ' | 1,966 | ' | ' | ' | 2,000 | ' | ' | ' |
Number of map-designated cells | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 178 | ' | 12 | 25 | ' | ' | ' | ' | ' | ' | ' | ' |
Description of property acquired | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'It is covered by NTS sheets 32O12 and 32O13. The Property is made up of 222 map-designated cells totaling approx 11,844 hectares. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expiration date of claims staked | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'November 2013 | '2014 | 'Between April and May 2014 | 'November 2013 to November 2014 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Royalty payment on commercial producing mineral deposit, percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3.00% | ' | ' | ' |
Number of additional claims staked | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 83 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of initial claim units | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Company ownership percentage in claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cost of staking claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $8,215 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of mineral claims renewed | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 71 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of mineral claims dropped | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 85 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount required upon renewal for exploration work | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | 84,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 |
Impairment loss on mineral property claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 133,108 | 451,870 | 584,978 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital stock, par value ( In dollars per shares) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.00 | $0.00 | $0.00 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Cash paid by company in connection with the acquisition | 100,000 | ' | ' | 100,000 | ' | 100,000 | ' | 17,800,000 | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of shares under asset purchase agreement | 500,000 | ' | 250,000 | ' | 15,000,000 | ' | 500,000 | ' | 15,000,000 | 5,000,000 | 625,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | 500,000 | ' | 17,800,000 | ' | ' | ' |
Share price of issuance share | ' | ' | ' | $0.16 | ' | ' | ' | ' | ' | $0.20 | ' | $0.16 | ' | ' | $0.24 | ' | $0.20 | $0.24 | $0.24 | $0.24 | $0.16 | $0.30 | $0.08 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.20 | ' | ' | ' |
Number of properties acquired by parent company | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquired mining properties, ownership percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | 100.00% | ' | ' | 100.00% | ' | ' | ' |
Common stock shares issued to consultant | 1,000,000 | 1,000,000 | ' | ' | ' | ' | ' | 2,000,000 | 2,000,000 | ' | ' | ' | 500,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' | ' | ' |
Amount paid to legal charges | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 52,117 | ' | ' | ' |
Number of unpatented mining claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 522 | ' | ' | ' | ' | ' | ' |
Number of mining claims | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 11,210 | ' | ' | ' | ' | ' | ' |
Number of shares comprised under agreement | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 400,000 | ' | ' | ' | ' | ' | ' |
Number of shares assign under agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' |
Description related to mining claim | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'In addition, if the Company delineates more than two million ounces of gold in proven and probable reserves on the Mining Claims, then the Company will issue a further 250,000 common shares of the Company to Geologix. Any mineral production from the Silver Cloud Property is subject to net smelter return royalties of 2% due to Royal Gold Inc. and 3% to the underlying claim owners. | ' | ' | ' | ' | ' |
Description of percentage of royalties return | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'Return royalties of 2% due to Royal Gold Inc. and 3% to the underlying claim owners. | ' | ' | ' | ' | ' |
Mineral property claims maintenance payments | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 91,140 | ' | 91,140 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Mineral property claims capitalized costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 379,970 | 133,108 | 379,970 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 305,000 | ' | ' | 74,970 | ' | ' |
Lease Expiration Date | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 30-Jun-23 |
Transaction costs | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $180,000 | ' | $180,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Impairment_of_Mineral_Properti1
Impairment of Mineral Properties (Details) (USD $) | 12 Months Ended | 123 Months Ended | |
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
mine | |||
Mineral Property Claims and Impairment of Mineral Properties [Abstract] | ' | ' | ' |
Impairment Of Mineral Property Claims | $133,108 | $451,870 | $584,978 |
Mineral claims | ' | 85 | ' |
Convertible_Notes_Payable_Deta
Convertible Notes Payable (Details) (USD $) | 12 Months Ended | ||||||
Aug. 31, 2013 | Aug. 31, 2012 | Jan. 09, 2013 | 16-May-12 | 12-May-12 | Apr. 30, 2012 | 31-May-10 | |
Convertible Notes Payable [Abstract] | ' | ' | ' | ' | ' | ' | ' |
Begining balance, Carrying amount of convertible notes | $36,458 | $0 | $125,000 | $125,000 | $125,000 | $75,000 | $14,990 |
Add: Face Value | ' | 125,000 | ' | ' | ' | ' | ' |
Discount on Note | ' | -125,000 | ' | ' | ' | ' | ' |
Discount amortization | 88,542 | 36,458 | ' | ' | ' | ' | ' |
Conversion to share | -125,000 | ' | ' | ' | ' | ' | ' |
Ending balance, Carrying amount of convertible notes | ' | $36,458 | $125,000 | $125,000 | $125,000 | $75,000 | $14,990 |
Convertible_Notes_Payable_Deta1
Convertible Notes Payable (Details 1) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 123 Months Ended | |||||||||||||||
Jan. 09, 2013 | 16-May-12 | Sep. 30, 2011 | 31-May-10 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | 12-May-12 | Apr. 30, 2012 | Mar. 05, 2012 | Feb. 29, 2012 | Feb. 08, 2012 | Dec. 15, 2011 | Aug. 31, 2011 | 15-May-11 | Mar. 01, 2011 | Dec. 31, 2010 | Aug. 31, 2010 | Aug. 31, 2008 | |
Convertible Notes Payable (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible notes payable | $125,000 | $125,000 | ' | $14,990 | ' | $36,458 | ' | $125,000 | $75,000 | ' | ' | ' | ' | $0 | ' | ' | ' | ' | ' |
Term of convertible note payable | ' | '1 year | '1 year | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible note payable, maturity period | ' | '12 months | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Interest rate on convertible notes | ' | ' | ' | ' | ' | ' | ' | 4.00% | ' | ' | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' |
Conversion price per share | ' | $0.20 | ' | ' | ' | ' | ' | $0.20 | ' | ' | ' | ' | ' | ' | $0.15 | ' | ' | ' | ' |
Commission related to raising amount from convertible notes payable | ' | ' | ' | ' | 12,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accretion expense presented within interest expense | ' | ' | ' | ' | 4,817 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Accrued interest on convertible notes payable | 3,274 | ' | ' | ' | 3,274 | ' | 3,274 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion, shares | 641,370 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares converted on a pre-split basis | 5,130,958 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share price of issuance share | $0.20 | ' | ' | ' | ' | $0.24 | ' | ' | $0.20 | $0.24 | $0.24 | $0.24 | $0.16 | ' | ' | $0.16 | $0.16 | $0.30 | $0.08 |
Amortization on debt discount | ' | ' | ' | ' | $88,542 | $36,458 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Related_Party_Transactions_Det
Related Party Transactions (Details) (USD $) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | 12 Months Ended | |||
Mar. 01, 2013 | Dec. 20, 2013 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | Aug. 31, 2012 | Sep. 29, 2013 | Aug. 31, 2014 | |
Richard R. Redfern [Member] | Richard R. Redfern [Member] | Chief Executive Officer [Member] | Chief Executive Officer [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |||
Related Party Transactions (Textual) | ' | ' | ' | ' | ' | ' | ' | ' |
Consulting fees paid | ' | ' | $6,763.10 | ' | $24,068 | $41,289 | ' | ' |
Term of consulting agreement | '1 year | ' | ' | ' | ' | ' | ' | ' |
Company agreed to pay units of common stock for market expansion and business consulting | 3,500,000 | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | 750,000 | ' | ' | ' | ' | 850,000 | 1,000,000 |
Capital_Stock_Details
Capital Stock (Details) (USD $) | 12 Months Ended |
Aug. 31, 2013 | |
Issued with common shares at private placement, No. of warrants | 2,510,000 |
Issued with common shares at private placement, Warrant value | $145,247 |
Issued with common shares at private placement, Weighted average exercise price | $0.30 |
Issued with common shares at private placement, Weighted average remaining life | '1 year 5 months 12 days |
Outstanding and exercisabl, No. of warrants | 2,510,000 |
Outstanding and exercisabl, Warrant value | $145,247 |
Outstanding and exercisabl, Weighted average exercise price | $0.30 |
Outstanding and exercisabl, Weighted average exercise price, Weighted average remaining life | '1 year 5 months 12 days |
Capital_Stock_Details_1
Capital Stock (Details 1) (USD $) | 0 Months Ended | 1 Months Ended | 0 Months Ended | 1 Months Ended | 2 Months Ended | 3 Months Ended | 12 Months Ended | 123 Months Ended | |||||||||||||||||||||||||||||||
3-May-13 | Mar. 15, 2013 | Mar. 01, 2013 | Feb. 11, 2013 | Jan. 09, 2013 | 16-May-12 | 17-May-12 | Dec. 20, 2013 | Feb. 08, 2012 | Mar. 01, 2011 | Dec. 07, 2010 | Mar. 02, 2010 | Jun. 30, 2013 | Feb. 28, 2013 | 31-May-12 | Apr. 30, 2012 | Mar. 31, 2012 | Feb. 29, 2012 | Dec. 31, 2011 | Sep. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2010 | 31-May-10 | Apr. 30, 2010 | Nov. 30, 2013 | Aug. 31, 2003 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2011 | Aug. 31, 2010 | Aug. 31, 2009 | Aug. 31, 2008 | Aug. 31, 2007 | Aug. 31, 2013 | Feb. 08, 2013 | 12-May-12 | Mar. 05, 2012 | Dec. 15, 2011 | Apr. 07, 2010 | |
Property | |||||||||||||||||||||||||||||||||||||||
Capital Stock (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock at inception | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $200 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, shares | ' | ' | ' | ' | 243,010 | ' | ' | ' | 27,500 | ' | ' | ' | ' | ' | ' | 37,500 | 20,833 | 109,375 | 93,750 | 12,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | 48,602 | ' | ' | ' | 6,600 | ' | ' | ' | ' | ' | ' | 9,000 | 5,000 | 26,250 | 15,000 | 3,500 | ' | ' | ' | ' | ' | ' | 508,284 | ' | ' | 75,000 | ' | 35,900 | 50 | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | ' | ' | ' | ' | ' | ' | 750,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share | ' | ' | ' | ' | $0.20 | ' | ' | ' | $0.24 | $0.16 | ' | ' | ' | ' | ' | $0.20 | ' | $0.24 | ' | ' | ' | $0.16 | ' | ' | ' | ' | ' | $0.24 | ' | $0.30 | ' | $0.08 | ' | ' | ' | ' | $0.24 | $0.16 | ' |
Commission expenses paid related to private placement | ' | ' | ' | 36,000 | 4,860 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Legal expenses paid related to private placement | ' | ' | ' | ' | 1,458 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible notes payable | ' | ' | ' | ' | 125,000 | 125,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75,000 | ' | ' | ' | ' | ' | ' | 14,990 | ' | ' | ' | ' | 36,458 | 0 | ' | ' | ' | ' | ' | ' | 125,000 | ' | ' | ' |
Accrued interest on convertible notes payable | ' | ' | ' | ' | 3,274 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,274 | ' | ' | ' | ' | ' | ' | 3,274 | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion, shares | ' | ' | ' | ' | 641,370 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 128,275 | ' | 14,990 | 120,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share of issuance of common stock for conversion of notes payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.20 | $0.16 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Gross proceeds from private placement with unrelated investors | ' | ' | ' | 502,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock | ' | ' | ' | 2,510,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,875,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Exercise price | ' | ' | ' | 0.3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.3 | ' | ' | ' | ' | ' | ' | 0.3 | ' | ' | ' | ' | ' |
Commission related to raising amount from convertible notes payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,500 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Fair value of the warrants issued | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 145,247 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Terms of conversion, description | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 'The Company issued 2,510,000 common stock at a purchase price of $0.20 per share, each with one warrant to purchase common stock at an exercise price of $0.30 per share. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected life | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Risk free interest rate | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.29% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Dividend yield | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 0.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Expected volatility | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 75.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of shares under asset purchase agreement | 500,000 | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | 15,000,000 | ' | 500,000 | ' | 15,000,000 | 5,000,000 | ' | ' | ' | ' | 625,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Acquired interest in asset purchase agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of gold exploration properties acquired | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock shares issued to consultant | 1,000,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Reverse split of issued and outstanding common stock | ' | ' | ' | '1-for-8 reverse | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1-for-8 reverse | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 for 10 forward split | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share of common stock issued for legal services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.08 | ' | ' | ' | ' | ' | ' | ' |
Price per share of issuance of common stock in settlement of accounts payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.40 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issued and outstanding common shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 66,435,908 | ' | ' | ' | 1,539,000 |
Increase in issued and outstanding common shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,390,000 |
Before forward split authorized common shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100,000,000 |
Capital stock, shares authorized | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 200,000,000 | 200,000,000 | ' | ' | ' | ' | ' | 200,000,000 | ' | ' | ' | ' | 200,000,000 |
Issuance of common stock for consulting services | ' | ' | 1,250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | 750,000 | 17,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 675,000 | 18,000 | ' | 50,000 | 50,000 | 1,000 | ' | ' | ' | ' | ' | ' | ' |
Additional payment under asset purchase agreement | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | 100,000 | ' | 100,000 | ' | 17,800,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share price of issuance share | ' | ' | ' | ' | $0.20 | ' | ' | ' | $0.24 | $0.16 | ' | ' | ' | ' | ' | $0.20 | ' | $0.24 | ' | ' | ' | $0.16 | ' | ' | ' | ' | ' | $0.24 | ' | $0.30 | ' | $0.08 | ' | ' | ' | ' | $0.24 | $0.16 | ' |
Commission paid for private placement | ' | ' | ' | 36,000 | ' | ' | 12,472 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 80,998 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Settlement of common stock services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Settlement of common stock services shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.20 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Term of convertible note payable | ' | ' | ' | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '1 year | ' | ' | '1 year | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,625 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of commonstock for rental per shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.22 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares comprised under agreement | 500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Geologix [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Stock (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares comprised under agreement | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Teck Resources Inc [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Stock (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Number of shares comprised under agreement | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Maximum [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Stock (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.88 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share price of issuance share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.88 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Minimum [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Stock (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.24 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Share price of issuance share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.24 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Stock (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock at inception | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,753,148 | ' | ' | 250,000 | ' | 448,750 | 62,500 | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,753 | ' | ' | 250 | ' | 449 | 62 | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,500,000 | 45,000 | ' | ' | 125,000 | 12,500 | ' | ' | ' | ' | ' | ' | ' |
Price per share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.20 | ' | $0.40 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 641,370 | ' | 75,000 | 750,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 642 | ' | 75 | 750 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for accounts payable, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 250,000 | 25,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 4,500 | 45 | ' | ' | 125 | 13 | ' | ' | ' | ' | ' | ' | ' |
Share price of issuance share | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.20 | ' | $0.40 | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for rent, shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 15,625 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common Stock Issuable [Member] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Capital Stock (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock at inception | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for cash | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for debt conversion | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Contingencies_and_Commitments_
Contingencies and Commitments (Details) (USD $) | 12 Months Ended | 0 Months Ended | 12 Months Ended | |||||||||||
Aug. 31, 2013 | Aug. 31, 2011 | Oct. 07, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | Aug. 31, 2013 | |
Subsequent Event [Member] | Subsequent Event [Member] | Abigail Purchase Agreement [Member] | Abigail Purchase Agreement [Member] | Abigail Purchase Agreement [Member] | Abigail Purchase Agreement [Member] | Abigail Purchase Agreement [Member] | Lac Kame and EM-1 Purchase Agreement [Member] | Lac Kame and EM-1 Purchase Agreement [Member] | Lac Kame and EM-1 Purchase Agreement [Member] | Lac Kame and EM-1 Purchase Agreement [Member] | Rimrock West Silver Cloud And Pony Spur Property Purchase Agreement [Member] | |||
Contingent Payment One [Member] | Contingent Payment Two [Member] | Contingent Payment Three [Member] | Contingent Payment Four [Member] | Contingent Payment One [Member] | Contingent Payment Two [Member] | Contingent Payment Three [Member] | ||||||||
Contingencies and Commitments (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Amount spend on property | ' | ' | ' | ' | ' | $2,500,000 | $5,000,000 | ' | ' | ' | $1,000,000 | $2,500,000 | $5,000,000 | ' |
Amount for selling group | 2,500,000 | ' | ' | ' | ' | 250,000 | 250,000 | 250,000 | 500,000 | ' | 50,000 | 100,000 | 150,000 | ' |
Additional share for selling group | 1,000,000 | ' | ' | ' | ' | 125,000 | 125,000 | 125,000 | 25,000 | ' | 125,000 | 250,000 | 125,000 | ' |
Royalty payable to selling group | ' | 3.00% | 1.00% | ' | 3.00% | ' | ' | ' | ' | 3.00% | ' | ' | ' | 3.00% |
Minimum annual future lease payments | ' | ' | ' | 50,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total commitments | ' | ' | ' | $500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issue of further commons shares | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Underlying claim owners, description | 'Any mineral production from the Silver Cloud Property is subject to net smelter return royalties of 3% due to Royal Gold Inc. of 2% and 3% to the underlying claim owners. | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Supplemental_Cash_Flow_Informa1
Supplemental Cash Flow Information (Details) (USD $) | 0 Months Ended | 1 Months Ended | 2 Months Ended | 12 Months Ended | 123 Months Ended | 0 Months Ended | 12 Months Ended | 0 Months Ended | |||||||||||||||||||||||||||
3-May-13 | Mar. 15, 2013 | Mar. 01, 2013 | Jan. 09, 2013 | 17-May-12 | Mar. 01, 2011 | Dec. 07, 2010 | Mar. 02, 2010 | Jun. 30, 2013 | Feb. 28, 2013 | 31-May-12 | Apr. 30, 2012 | Sep. 30, 2011 | Mar. 31, 2011 | Dec. 31, 2010 | Nov. 30, 2013 | Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2010 | Aug. 31, 2009 | Aug. 31, 2008 | Aug. 31, 2013 | Feb. 11, 2013 | 16-May-12 | 12-May-12 | Mar. 05, 2012 | Feb. 29, 2012 | Feb. 08, 2012 | Dec. 15, 2011 | Aug. 31, 2011 | Dec. 02, 2010 | 31-May-10 | 3-May-13 | Aug. 31, 2013 | Feb. 11, 2013 | |
Property | Silver Cloud Property [Member] | Silver Cloud Property [Member] | Rimrock Property West Silver Cloud Property And Pony Spur Property [Member] | ||||||||||||||||||||||||||||||||
Supplemental Cash Flow Information (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for services | ' | ' | $1,250,000 | ' | ' | ' | ' | ' | $750,000 | $17,800,000 | ' | ' | ' | ' | ' | ' | $675,000 | $18,000 | $50,000 | $50,000 | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Per share amount of issued common stock shares | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $0.05 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rent agreement expiration period | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | '2 years | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Rent agreement cash payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 12,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Value of common stock delivered as lease payment | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 35,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Common stock issued pursuant to rent agreement | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 125,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Per share value of common stock issued for payment of property | ' | ' | ' | ' | $0.01 | ' | ' | ' | ' | ' | ' | $0.03 | ' | $0.02 | ' | ' | ' | ' | ' | ' | ' | ' | $0.00 | ' | ' | ' | ' | ' | ' | ' | $0.02 | ' | ' | ' | ' |
Issuance of shares under asset purchase agreement | 500,000 | ' | ' | ' | 250,000 | ' | 15,000,000 | ' | 500,000 | ' | 15,000,000 | 5,000,000 | ' | 625,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | 500,000 | 17,800,000 |
Business acquire interest, Percentage | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' |
Incremental issuance of shares under asset purchase agreement | 400,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 5,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Additional payment under asset purchase agreement | 100,000 | ' | ' | ' | ' | 100,000 | ' | 100,000 | ' | 17,800,000 | ' | ' | ' | ' | ' | ' | 250,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Convertible notes payable | ' | ' | ' | 125,000 | ' | ' | ' | ' | ' | ' | ' | 75,000 | ' | ' | ' | ' | ' | 36,458 | ' | ' | ' | ' | ' | 125,000 | 125,000 | ' | ' | ' | ' | 0 | ' | 14,990 | ' | ' | ' |
Accrued Interest On Convertible Notes Payable | ' | ' | ' | 3,274 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3,274 | ' | ' | ' | ' | 3,274 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Stock Issued During Period, Shares, Conversion of Convertible Securities | ' | ' | ' | 641,370 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale of Stock, Price Per Share | ' | ' | ' | $0.20 | ' | $0.16 | ' | ' | ' | ' | ' | $0.20 | ' | ' | $0.16 | ' | ' | $0.24 | $0.30 | ' | $0.08 | ' | ' | ' | ' | $0.24 | $0.24 | $0.24 | $0.16 | ' | ' | ' | ' | ' | $0.20 |
Issuance of shares under asset purchase agreement | 500,000 | ' | ' | ' | 250,000 | ' | 15,000,000 | ' | 500,000 | ' | 15,000,000 | 5,000,000 | ' | 625,000 | 2,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 500,000 | 500,000 | 17,800,000 |
Common Stock Shares Issued To Consultant | 1,000,000 | 1,000,000 | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | 2,000,000 | ' | ' | ' | ' | 500,000 | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 |
common stock in exchange | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 100.00% | ' | 100.00% |
prospective | ' | ' | ' | ' | ' | ' | ' | ' | ' | 3 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issuance of common stock for consulting services | ' | ' | $1,250,000 | ' | ' | ' | ' | ' | $750,000 | $17,800,000 | ' | ' | ' | ' | ' | ' | $675,000 | $18,000 | $50,000 | $50,000 | $1,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Issue shares of common stock for consultant company | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 360,000 | ' | ' | ' | 2,500,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Income_Taxes_Details
Income Taxes (Details) (USD $) | 12 Months Ended | 123 Months Ended | |
Aug. 31, 2013 | Aug. 31, 2012 | Aug. 31, 2013 | |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Loss before income taxes | $1,225,857 | $775,291 | ' |
Applicable tax rates | 34.00% | 34.00% | ' |
Income tax benefit computed at applicable statutory rates | ' | ' | ' |
Tax effect of expenses not deductible for tax purposes | -279,361 | -181,373 | ' |
Change in valuation allowance | 491,331 | -82,226 | ' |
Total income tax provision | ' | ' | ' |
Income_Taxes_Details_1
Income Taxes (Details 1) (USD $) | Aug. 31, 2013 | Aug. 31, 2012 |
Income Tax Disclosure [Abstract] | ' | ' |
Non-capital losses carried forward | $491,331 | $353,900 |
Valuation allowance | -491,331 | 3,539,000 |
Net deferred tax benefit | ' | ' |
Income_Taxes_Details_2
Income Taxes (Details 2) (USD $) | 12 Months Ended | |
Aug. 31, 2013 | Aug. 31, 2012 | |
Income Taxes (Textual) | ' | ' |
Income tax losses | $1,445,090 | ' |
Tax Rate | 34.00% | ' |
Deferred tax asset | $491,331 | ($82,226) |
Valuation allowance percentage for income tax losses available for carryforward | 100.00% | ' |
Subsequent_Event_Details
Subsequent Event (Details) | 0 Months Ended | 1 Months Ended | 12 Months Ended | 0 Months Ended | 1 Months Ended | 12 Months Ended | 1 Months Ended | |||
Feb. 11, 2013 | Dec. 20, 2013 | Dec. 31, 2013 | Dec. 31, 2010 | Aug. 31, 2011 | Dec. 02, 2010 | Oct. 07, 2013 | Sep. 29, 2013 | Aug. 31, 2014 | Mar. 31, 2014 | |
Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | Subsequent Event [Member] | |||||||
Acres | Uptick Capital Llc [Member] | |||||||||
Claims | ||||||||||
Subsequent Event (Textual) | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Purchase Agreement | ' | ' | ' | ' | ' | 100.00% | 100.00% | ' | ' | ' |
Unpatented Mining | ' | ' | ' | ' | ' | ' | 22 | ' | ' | ' |
Total Acres | ' | ' | ' | ' | ' | ' | 440 | ' | ' | ' |
Issue of common stock to RMIC Gold | 2,510,000 | ' | ' | 1,875,000 | ' | ' | 150,000 | ' | ' | ' |
Return royalties | ' | ' | ' | ' | 3.00% | ' | 1.00% | ' | ' | ' |
common stock for consulting services rendered | ' | 750,000 | ' | ' | ' | ' | ' | 850,000 | 1,000,000 | 250,000 |
Stock issued for complete the acquisition of Ivanhoe Creek Property | ' | ' | 150,000 | ' | ' | ' | ' | ' | ' | ' |