Sonora Resources 10-K 21 Feb 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Nov. 30, 2013	Feb. 21, 2014	31-May-13
Document And Entity Information	'	'	'
Entity Registrant Name	'Sonora Resources Corp.	'	'
Entity Central Index Key	'0001473591	'	'
Document Type	'10-K	'	'
Document Period End Date	30-Nov-13	'	'
Amendment Flag	'false	'	'
Current Fiscal Year End Date	'--11-30	'	'
Is Entity a Well-known Seasoned Issuer?	'No	'	'
Is Entity a Voluntary Filer?	'No	'	'
Is Entity's Reporting Status Current?	'Yes	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Public Float	'	'	$4,408,727
Entity Common Stock, Shares Outstanding	'	92,855,861	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Nov. 30, 2013	Nov. 30, 2012
CURRENT ASSETS:	'	'
Cash and cash equivalents	$19,263	$293,395
Consumption and deferred tax receivable	84,702	82,244
Prepaid expense	13,766	17,238
Total current assets	117,731	392,877
EQUIPMENT, NET	'	'
OTHER ASSETS	'	'
Mining interest - Los Amoles	638,000	298,000
Mining interest - Jalisco (First Majestic Silver Corp.)	3,400,000	3,400,000
Mining interest - Ayones and Corazon	0	445,373
TOTAL ASSETS	4,155,731	4,536,250
CURRENT LIABILITIES:	'	'
Accounts payable and accrued liabilities	84,310	46,175
Demand promissory note	200,000	0
Total current liabilities	284,310	46,175
COMMITMENTS AND CONTINGENCIES	'	'
STOCKHOLDERS' EQUITY	'	'
Common stock - $0.001 par value, 500,000,000 shares authorized, 92,855,861 and 91,684,882 shares issued and outstanding at 11/30/13 and 11/30/12, respectively	47,306	46,135
Additional paid in capital	6,858,724	6,641,227
(Deficit) accumulated during the exploration stage	-3,027,424	-2,197,169
Unrealized gain (loss)	-7,185	-118
Total stockholders' equity	3,871,421	4,490,075
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$4,155,731	$4,536,250

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Nov. 30, 2013	Nov. 30, 2012
Statement of Financial Position [Abstract]	'	'
Common Stock, Par Value Per Share	$0.00	$0.00
Common Stock, Shares Authorized	500,000,000	500,000,000
Common Stock, Shares, Issued	92,855,861	91,684,882
Common Stock, Shares, Outstanding	92,855,861	91,684,882

Consolidated_Statements_of_Ope

Consolidated Statements of Operations and Comprehensive Income/Loss (USD $)	12 Months Ended		60 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013
Statement of Cash Flows [Abstract]	'	'	'
REVENUE	$0	$0	$11,254
COST OF SALES	0	0	8,186
GROSS PROFIT	0	0	3,068
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	365,407	277,064	1,310,586
EXPLORATION EXPENSE	18,024	519,760	722,411
IMPAIRMENT OF MINING INTEREST- AYONES AND CORAZON	444,634	0	444,634
(LOSS) BEFORE OTHER EXPENSE	-828,065	-796,824	-2,474,563
OTHER INCOME (EXPENSE):	'	'	'
Interest expense	-2,190	-138,119	-554,130
Foreign exchange gain (loss)	0	0	1,269
Total other expense	-2,190	-138,119	-552,861
NET LOSS BEFORE INCOME TAX	-830,255	-934,943	-3,027,424
INCOME TAX	0	0	0
NET LOSS	-830,255	-934,943	-3,027,424
GAIN ON CURRENCY TRANSLATION	0	33,499	33,499
COMPREHENSIVE LOSS	($830,255)	($901,444)	($2,993,925)
Basic and diluted loss per common share attributable to Sonora Resources Corp. common shareholders	'	'	'
Basic and diluted loss per share	($0.01)	($0.01)	'
Weighted average shares of common stock outstanding- basic and diluted	92,555,471	93,714,946	'

Consolidated_Statements_of_Sto

Consolidated Statements of Stockholders' Equity (USD $)	Common Stock	Additional Paid-In Capital	(Deficit) Accumulated During the Exploration Stage	Other Comprehensive Gain or (Loss)	Total
Beginning Balance, Amount at Nov. 30, 2010	$39,700	$365,789	($108,478)	'	$297,011
Beginning Balance, Shares at Nov. 30, 2010	85,250,000	'	'	'	'
Common stock issued to First Majestic Silver Corp. related to Mining Option Agreement, Shares	10,000,000	'	'	'	'
Common stock issued to First Majestic Silver Corp related to Mining Option Agreement, Amount	10,000	3,390,000	'	'	3,400,000
Common stock issued to Yale Resources Ltd related to Mining Option Agreement, Shares	400,000	'	'	'	'
Common stock issued to Yale Resources Ltd related to Mining Option Agreement, Amount	400	185,600	'	'	186,000
Convertible note equity conversion feature	'	400,000	'	'	400,000
Common stock issued for cash under private placements net of cost, Shares	1,000,000	'	'	'	'
Common stock issued for cash under private placements net of cost, Amount	1,000	249,000	'	'	250,000
Stock based compensation expense	'	167,446	'	'	167,446
Issuance of common stock for services, Shares	14,600	'	'	'	'
Issuance of common stock for services, Amount	15	7,486	'	'	7,501
Net (loss) for the period	'	'	-1,153,748	-33,617	-1,187,365
Ending Balance, Amount at Nov. 30, 2011	51,115	4,765,321	-1,262,226	-33,617	3,520,593
Ending Balance, Shares at Nov. 30, 2011	96,664,600	'	'	'	'
Common stock issued to First Majestic Silver Corp. related to Mining Option Agreement, Shares	2,000,000	'	'	'	'
Common stock issued to First Majestic Silver Corp related to Mining Option Agreement, Amount	2,000	398,000	'	'	400,000
Common stock issued to Yale Resources Ltd related to Mining Option Agreement, Shares	200,000	'	'	'	'
Common stock issued to Yale Resources Ltd related to Mining Option Agreement, Amount	200	15,800	'	'	16,000
Conversion of demand promissory notes, Shares	2,549,760	'	'	'	'
Conversion of demand promissory notes, Amount	2,550	754,790	'	'	757,340
Common stock issued for cash under private placements net of cost, Shares	3,700,000	'	'	'	'
Common stock issued for cash under private placements net of cost, Amount	3,700	736,300	'	'	740,000
Stock based compensation expense	'	-64,947	'	'	-64,947
Issuance of common stock for services, Shares	70,522	'	'	'	'
Issuance of common stock for services, Amount	70	22,463	'	'	22,533
Forfeiture of common stock, Shares	-13,500,000	'	'	'	'
Forfeiture of common stock, Amount	-13,500	13,500	'	'	'
Net (loss) for the period	'	'	-934,943	33,499	-901,444
Ending Balance, Amount at Nov. 30, 2012	46,135	6,641,227	-2,197,169	-118	4,490,075
Ending Balance, Shares at Nov. 30, 2012	91,684,882	'	'	'	'
Common stock issued to Yale Resources Ltd related to Mining Option Agreement, Shares	1,000,000	'	'	'	'
Common stock issued to Yale Resources Ltd related to Mining Option Agreement, Amount	1,000	139,000	'	'	140,000
Stock based compensation expense	'	54,668	'	'	54,668
Issuance of common stock for services, Shares	170,979	'	'	'	'
Issuance of common stock for services, Amount	171	23,829	'	'	24,000
Net (loss) for the period	'	'	-830,255	-7,067	-837,322
Ending Balance, Amount at Nov. 30, 2013	$47,306	$6,858,724	($3,027,424)	($7,185)	$3,871,421
Ending Balance, Shares at Nov. 30, 2013	92,855,861	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended		60 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'	'
Net (loss)	($830,255)	($934,943)	($3,027,424)
Adjustments to reconcile net loss to net cash (used in) operating activities	'	'	'
Stock based compensation expense	54,668	-64,947	157,167
Accrued interest on convertible note	0	152,340	566,586
Issuance of common stock for services and exploration expenses	24,000	422,533	446,533
Impairment of mining interest- Ayones and Corazon	445,373	0	445,373
Consulting and management fees forgiven	0	0	4,500
Changes in operating assets and liabilities:	'	'	'
Accounts receivable	0	0	1,510
Consumption and deferred tax receivable	-2,458	-51,968	-88,004
Prepaid expenses	3,472	9	-10,942
Accounts payable - trade and accrued expenses	38,135	1,019	47,841
CASH (USED IN) OPERATING ACTIVITIES	-267,065	-475,957	-1,456,860
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'	'
Mineral interest	-200,000	-237,743	-653,701
NET CASH (USED IN) INVESTING ACTIVITIES:	-200,000	-237,743	-653,701
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'	'
Issuance of common stock	0	740,000	1,026,500
Convertible demand promissory notes	0	205,000	605,000
Demand promissory notes	200,000	0	500,000
Loan from shareholders	0	0	9,800
NET CASH PROVIDED BY FINANCING ACTIVITIES	200,000	945,000	2,141,300
EFFECT OF FOREIGN CHANGE RATE ON CASH	-7,067	0	-11,476
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-274,132	231,300	19,263
CASH AND CASH EQUIVALENTS, beginning of period	293,395	62,095	0
CASH AND CASH EQUIVALENTS, end of period	19,263	293,395	19,263
Supplemental disclosures of cash flow information:	'	'	'
Interest paid	0	0	1,665
Taxes paid	0	0	0
Non-cash investing and financing activities:	'	'	'
Common stock issued to First Majestic Silver Corp related to mining option agreement	0	0	3,400,000
Common stock issued to Yale Resources Ltd related to acquisition of Los Amoles property	140,000	16,000	372,000
Common stock issued for the conversion of demand promissory notes	$0	$605,000	$905,000

1_Nature_of_Operations_and_Goi

1. Nature of Operations and Going Concern	12 Months Ended
	Nov. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]	'
1. Nature of Operations and Going Concern	'
	Sonora Resources Corp. (the "Company" or "Sonora Resources") was incorporated under the laws of the State of Nevada on December 3, 2007. The Company is a mining exploration company focused on the acquisition and development of prospective silver and gold opportunities in Mexico. On July 12, 2011, the Company established a 100% owned subsidiary, Finder Plata S.A. de C.V. ("Finder Plata") for the development of its exploration business in Mexico.
	The worldwide silver market has experienced a strong decline in the prices during 2013. As a result, we made the decision in September 2013 to focus on the Los Amoles Property in 2014 and the Jalisco Properties in 2015, each as further described below.
	On March 15, 2013, the Company closed the Asset Purchase Agreement with Yale Resources Ltd to purchase all of the rights, title and interest in and to the Los Amoles 2 and Los Amoles 3 Fracc.1 properties, consisting of 2,166 hectares located in the State of Sonora Mexico (the “Los Amoles Property”). The Company purchased the Los Amoles Property from Yale by issuing 1,000,000 of restricted SURE common shares and paying $200,000 in cash. The Company commenced an underground work program at the Los Amoles Property and completed a geologic report to define the potential vein structure and outcroppings and prepare for a planned drilling program in 2014.
	The Company also has an Mining Option Agreement with First Majestic Silver Corp., an existing shareholder and creditor of the Company for the Jalisco Group of Properties (“Jalisco Properties”). The Jalisco Properties consist of mining claims totaling 5,240 hectares located in Jalisco. As of February 21, 2014, the Company has not spent any funds on the properties. The Company is required to spend $3,000,000 by April 15, 2014 to earn 50% interest in the Jalisco Properties and an additional $2,000,000 to earn an additional 20% interest by April 15, 2016 on exploration expenses. An additional 20% interest in and to the Jalisco Properties can be earned by completing a bankable feasibility study no later than the seventh anniversary of the Agreement. The Company expects to amend the Mining Option Agreement with First Majestic and delay our required expenditures.
	The Company’s principal executive office is located at Cerro del Padre # 11 Rinconada de los Pirules, Guadalupe, Zacatecas Mexico, 98619. The Company’s US mailing address is PO Box 12616, Seattle, WA 98111 and our telephone number is 1-877-513-7873.
	The Company is currently in the exploration stage as defined in ASC 915 "Accounting and Reporting for Development Stage Enterprises" and has minimal operations.
	The Company has incurred a cumulative net loss since inception on December 3, 2007 to November 30, 2013 of $3,027,424 and has no source of operating revenue. While the Company’s management believes that the Company will be successful in its planned operating activities under our business plan and capital raising activities, there can be no assurance that it will be successful in the mining development and exploration business or the raising of sufficient capital such that it will generate adequate revenues to earn a profit or sustain its operations. These and other factors raise doubt about the Company’s ability to continue as a going concern. The accompanying consolidated financial statements do not include any adjustments or classifications that may result from the possible inability of the Company to continue as a going concern.

2_Summary_of_Significant_Accou

2. Summary of Significant Accounting Policies	12 Months Ended
	Nov. 30, 2013
Accounting Policies [Abstract]	'
2. Summary of Significant Accounting Policies	'
	Exploration Stage Enterprise
	Since the Company is in the exploration stage of operation, the Company’s financial statements are prepared in accordance with the provisions of ASC 915 Development Stage Enterprises, as it devotes substantially all of its efforts to acquiring and exploring mining interests that management believes should eventually provide sufficient net profits to sustain the Company’s existence. Until such interests are engaged in commercial production, the Company will continue to prepare its consolidated financial statements and related disclosures in accordance with this standard.
	Basis of Presentation
	The accompanying financial statements have been prepared in accordance with the accounting principles generally accepted in the United States.
	Principles of Consolidation
	These consolidated financial statements include our consolidated balance sheets, results of operations, changes in stockholders' equity and cash flows. All material intercompany balances and transactions have been eliminated in the accompanying consolidated financial statements.
	Use of Estimates
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. Actual results may differ from those estimates.
	Cash and Cash Equivalents
	The Company classifies highly liquid temporary investments with an original maturity of three months or less when purchased as cash equivalents.
	The Company maintains cash balances at various financial institutions. Balances at US banks are insured by the Federal Deposit Insurance Corporation up to $250,000. In Mexico, the Company's cash balances are currently fully insured by the Institute for the Protection of Bank Savings.
	The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk for cash on deposit. As of November 30, 2013, the Company had no deposits in excess of $250,000.
	Foreign Currency Translation
	The Company maintains its accounting records in U.S. Dollars. The Company's Finder Plata records are maintained in Mexican Pesos. At the transaction date, each asset, liability, revenue and expense involves foreign currencies is translated into U.S. dollars by the use of the exchange rate in effect at that date. At the period end, monetary assets and liabilities involving foreign currencies are remeasured by using the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included in operations. The Company's currency exposure is insignificant and immaterial and we do not use derivative instruments to reduce our potential exposure to foreign currency risk.
	Mineral Properties
	Costs of acquiring mineral properties are capitalized by project area upon purchase of the associated claims. Costs to maintain the mineral rights and leases and explore are expensed as incurred.  When a property reaches the production stage, the related capitalized costs will be amortized, using the units of production method on the basis of periodic estimates of ore reserves.
	Mineral properties are periodically assessed for impairment of value and any diminution in value.
	Fair Value of Financial Instruments
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The fair value hierarchy contains three levels as follows:
	Level 1 - Unadjusted quoted prices that are available in active markets for the identical assets or liabilities at the measurement date.
	Level 2 - Other observable inputs available at the measurement date, other than quoted prices included in Level 1, either directly or indirectly, including:
	● Quoted prices for similar assets or liabilities in active markets;
	● Quoted prices for identical or similar assets in nonactive markets;
	● Inputs other than quoted prices that are observable for the asset or liability; and
	● Inputs that are derived principally from or corroborated by other observable market data.
	Level 3 - Unobservable inputs that cannot be corroborated by observable market data and reflect the use of significant management judgment. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions.
	Assets and Liabilities that are Measured at Fair Value on a Recurring Basis.
	The Company accounts for fair value measurements in accordance with ASC 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measurement and expands disclosure about fair value measurement. The fair value hierarchy requires the use of observable market data when available. In instances in which the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.
	Impairment of Long-lived Assets
	Long-lived assets are reviewed for impairment in accordance with FASB ASC 360, Property, Plant, and Equipment. Under FASB ASC 360, these assets are tested for recoverability annually or whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. An impairment charge is recognized for the amount, if any, when the carrying value of the asset exceeds the fair value. The Company expects to cancel the Mining Option Agreement for the Ayones Property and has cancelled the Mining Option Agreement for the Corazon Property. The Company recorded an impairment expense of $445,000 related to the Ayones and Corazon Properties as of November 30, 2013.
	Asset Retirement Obligations
	The Company applies ASC 410, Accounting for Asset Retirement Obligations which requires that the fair value of a liability for an asset retirement obligation be recognized in the period in which it is incurred. ASC 410 requires the Company to record a liability for the present value using a credit-adjusted risk free interest rate, of the estimated site restoration costs with a corresponding increase to the carrying amount of the related long-lived assets. The liability is accreted until it has been fully incurred and the asset is amortized over the life of the related assets. Adjustments are made for changes resulting from the passage of time and changes to either the timing or amount of the original present value estimate underlying the obligation will be made. As of November 30, 2013, the Company does not have any asset retirement obligations.
	Comprehensive Loss
	The Company applies ASC 220, Comprehensive Income. ASC 220 establishes standards for the reporting and display of comprehensive income or loss, requiring its components to be reported in a financial statement. For the year ended November 30, 2013, our only component of comprehensive income (loss) was foreign currency translation.
	Stock-Based Compensation
	The Company adopted ASC 718, Compensation – Stock-Based Compensation, to account for its stock options and similar equity instruments issued. Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period. ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid.
	Loss per Common Share
	Basic loss per share is computed by dividing the net loss attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the periods. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of November 30, 2013 and 2012, there were options outstanding for the purchase of 1,400,000 common shares and warrants for the issuance of 1,000,000 shares of common stock which could potentially dilute future earnings per share.
	Income Taxes
	The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740-10-25, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.
	The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company's financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the federal tax laws.
	Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate.
	New Accounting Pronouncements
	A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, management has not determined whether implementation of such proposed standards would be material to our consolidated financial statements.
	In February 2013, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2013-04, Liabilities (Topic 405), which provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements. The guidance requires an entity to measure those obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. The guidance also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations.  ASU 2013-04 is effective for fiscal years beginning after December 15, 2013, which is effective for the Company’s first quarter of fiscal year 2015.  The Company does not believe the adoption of ASU 2013-04 will have a material effect on the Company’s consolidated financial statements.
	In February 2013, the FASB issued ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.  ASU 2013-02 requires disclosure of the amounts reclassified out of each component of accumulated other comprehensive income and into net earnings during the reporting period and is effective for reporting periods beginning after December 15, 2012.  The Company does not believe the adoption of ASU 2013−02 in the first quarter of fiscal year 2014 will have a material impact on the measurement of net earnings or other comprehensive income.

3_Agreements

3. Agreements	12 Months Ended
	Nov. 30, 2013
Notes to Financial Statements	'
3. Agreements	'
	Summary
	The worldwide silver market has experienced a strong decline in the prices during 2013. As a result, he Company made the decision in September 2013 to focus on the Los Amoles and Jalisco Properties in 2014.
	Our President & CEO Juan Miguel Ríos Gutiérrez holds an MBA in P.Eng., Mining and Metallurgical. He has worked for twenty years in management and on projects at Peñoles, the largest mining operation in Mexico. Mr. Juan Miguel Ríos Gutiérrez was the fourth employee at First Majestic Silver Corp. (“First Majestic” or FMSC”) and helped build that company from a junior mining exploration company on the TSXV and NYSE to a major global silver producer. Mr. Gutierrez held the General Manager position at four of the First Majestic mining units in Mexico.
	Because of limited staff, the Company relies on outside parties, including geologists, surveyors, laboratories, etc. in our business operations. The Company has historical data on mining operations at the properties listed below. Mr. Gutiérrez has visited each property twice a year, with each visit being approximately one week.
	All properties are accessible by vehicles. There is currently no infrastructure, property and equipment, power, buildings or water on the properties. No equipment or improvements exist on the properties. During the Company’s exploration stage and future exploration work on the mining claims, the Company expects to use contractors and equipment and diamond drill machines that use diesel hydraulic sources and diesel electric generators as a source of power. The Company expects to transport water from nearby communities in tanker trucks.
	The Company’s understanding is that surface exploration activities which have a very low environmental impact, such as drilling/sampling, and conform to the NOM-120-SEMARNAT-1997 (Norma Oficial Mexicana NOM-120-SEMARNAT, 1997 [1998]) do not require environmental permits. The Company does not have any permits at this time. The Company expects to acquire any permits, if any, are required on the Corazon and Liz projects related to the tailings projects. Should a permit be required, this permit process requires approximately ninety days for NOM 120 and over 180 days for an environmental impact study.
	This property does not have any known reserves and the Company’s proposed activities are exploratory in nature.The Company expects to finance its plan through investors and First Majestic.
	Mineral exploration and mining in Mexico are regulated by the Mining Law of 1992, which establishes that all minerals found in Mexican territory are owned by the Mexican nation, and that private parties may exploit such minerals (except oil and nuclear fuel minerals) through mining licenses, or concessions, granted by the federal government of Mexico. Under the terms of the original law, exploration concessions were granted for a period of six years and exploitation concessions for a period of fifty years. There was no provision to extend the term of the exploration concession but exploitation concessions were renewable once for an additional term of fifty years. On April 29, 2005 the Mexican Congress published several amendments to the Mining Law of 1992. According to these amendments, a single concession type - the ‘mining concession’ - that gives the holder both exploration and exploitation rights subject to the payment of relevant taxes, replaced old exploration and exploitation. Old exploration and exploitation concessions were automatically transformed into mining concessions with a single term of 50 years from the date the concession was first registered at the Public Registry of Mines. Accordingly, exploration concessions that were originally issued for a term of 6 years now have a term of 50 years from the date the exploration concession was originally registered. Under the new amendments, the concession holder has all the rights previously granted for an exploitation concession under the old law. Concessions may be granted to (or acquired by, since they are freely transferable) Mexican individuals, local communities with collective ownership of the land known as ‘ejidos’ and companies incorporated pursuant to Mexican law, with no foreign ownership restrictions for such companies. While the Constitution makes it possible for foreign individuals to hold mining concessions, the Mining Law does not allow it. This means that foreigners wishing to engage in mining in Mexico must establish a Mexican corporation for that purpose, or enter into joint ventures with Mexican individuals or corporations.
	Maintenance obligations which arise from a mining concession, and which must be kept current to avoid its cancellation are the performance of assessment work, the payment of mining taxes and the compliance with environmental laws. The Regulations of the Mining Law establish minimum amount of assessment work that must be performed during the exploration in the case of exploration concessions, or exploration and/or exploitation work, in the case of exploitation concessions.
	Year (Pesos per hectare)
	1-2 years 5.70
	3-4 years 8.52
	5-6 years 17.62
	7-8 years 35.45
	9-10 years 70.88
	After 10 years 124.74
	The Company expects to prepare detailed project budgets for the Los Amoles and Jalisco Properties during 2014, subject to the availability to cash.
	Mining Option Agreement – Los Amoles, Mexico Property (unaudited)
	On November 26, 2010, the Company entered into the definitive Option Agreement with Yale Resources Ltd (“Yale Resources”), a company incorporated under the laws of the Province of British Columbia, to acquire a 70% interest in its wholly owned Los Amoles property located 150 kilometers from Villa Hidalgo, Sonora State, Mexico. The Los Amoles Property consists of Los Amoles 2 “Title 236113” and “Los Amoles 3 Fracc. I” Title 238 claims covering a total of 1,630 hectares. Yale Resources subsidiary Minera Alta Vista S.A. de C.V was granted a mining concession for the above properties. The property is accessible by truck. It is our understanding that no government permits or reclamation requirements are expected during 2014. The Company is responsible for all maintenance obligation and other expenses related to the properties. The maintenance obligations are paid on a semiannual basis. Expenditures were $14,594 for 2013.
	On March 15, 2013, the Company closed the Asset Purchase Agreement (“Purchase Agreement”) with Yale to purchase all of the right, title and interest in and to the Los Amoles 2 and Los Amoles 3 Fracc.1 properties, consisting of 2,166 hectares located in the State of Sonora Mexico (the “Property”). The Company purchased the Property from Yale by issuing 1,000,000 of restricted SURE common shares and paying $200,000 in cash.
	The Company acquired a 100% interest in the Property from Yale and canceled the Option Agreement dated November 26, 2010. Pursuant to the Option Agreement, Sonora would have been required to incur the remaining exploration expenditures and to issue the remaining 200,000 common shares to acquire a 70% undivided beneficial and legal interest in the Property.
	The geology of the area of is composed mainly of extrusive and intrusive rocks believed to be of Tertiary age. These rocks are then covered by alluvium and conglomerates. In the State of Sonora and nearby Los Amoles there are several operating open pit, bulk tonnage mines in production; one of them is La Caridad open pit copper porphyry complex owned by Southern Copper-Grupo Mexico. To date it is believed that several geological, geochemical and geophysical surveys have been conducted on and around the Property area.
	(image omitted)
	(image omitted)
	The Company has commenced an underground work program using the Yale geologists and completed a partial “geophisic IP” in the area, a geologic report by an independent geologist to define the potential vein structure and outcroppings and prepare for a planned drilling program in 2014. The Company spent a total of $14,594 during 2013 to maintain and explore this property.
	(image omitted)
	The sampling work program involved independent geologists collecting samples from outcrops, old dumps and old tailings. The samples were submitted for assaying to Inspectorate, an accredited laboratory.
	The sacks of samples are delivered to the preparation laboratory of Inspectorate. From this point onward, the external laboratory crushes and pulverizes the samples. The pulverized pulp is placed in kraft sample bags and the un-pulverized portions are returned to the original sample bags. Batches of the sample pulps are shipped by couriers to the Inspectorate Richmond, BC Canada laboratories "Pulverize pulp samples rejects" are taken back to the project for storage. The sample rejects are thus available for re-testing when required. In Richmond, BC, the sample pulps are analyzed by inductively coupled plasma for 30 elements. Gold is tested by fire assay and silver is tested by atomic absorption spectrometry. Each method has a lower and upper calibration range for which the results are accurately determined. The laboratories also perform a duplicate analysis on every twelfth sample, insuring that there is at least one duplicate run with every batch.
	The Company commenced an underground work program at the Los Amoles property in 2012 and completed a geologic report to define the potential vein structure and outcroppings.
	The Company expects to spend $123,000 during 2014 to explore the properties.
	This property does not have any known reserves and the Company’s proposed activities are exploratory in nature. All costs related to the Agreement have been recorded as exploration expenses.
	Mining Option Agreement- Jalisco, Mexico Property
	On April 15, 2011, the Company entered into an Mining Option Agreement with First Majestic Silver Corp. (NYSE:AG and TSX:FR, “First Majestic”) and Minera El Pilon S.A. de C.V., a subsidiary of First Majestic, whereby the Company has been granted an option (the “Option”) to acquire up to a 90% interest in the following certain mineral properties wholly owned by First Majestic located in the state of Jalisco, Mexico (the “Property”).
	(image omitted)
	The property is accessible by truck. It is our understanding that no government permits or reclamation requirements are expected during 2013. First Majestic has paid for all maintenance obligation and other expenses related to the properties. The maintenance obligations are paid on a semiannual basis.
	The geology of the area of the Property lies at the southern part of the Sierra Madre Occidental province, which is the largest physiographic province in México. This belt of rocks is 200 to 300 km wide, and extends for 1,200 km in a southeast direction parallel to the Gulf of California from the US and Mexican frontier into central México. It forms a dissected plateau with maximum elevation in excess of 3,000 m. Lithological units within this area comprise a lower volcanic sequence approximately 1 km thick of andesitic composition and of late Cretaceous to mid Tertiary age overlying folded Mesozoic or late Paleozoic strata. Local geology consists predominately of Tertiary age felsic tuff and related rocks. Elsewhere in the immediate district there are localized but significant areas of volcanic breccia, basalt and andesite also of Tertiary age. The ore deposits are considered as epitermal type with characteristics of low to intermediate sulphidation (Au-Ag+Pb-Zn-Cu). The mineralized structures occur as veins, stockworks and some disseminated bodies with ore-shoot along their outcrops To date it is believed that several geological, geochemical and geophysical surveys have been conducted on and around the property area.
	(image omitted)
	(image omitted)
	(image omitted)
	In consideration for the Option, the Company agreed to:
	(a)	issue an aggregate of 10,000,000 shares of common stock with a fair market value of $0.34 per common share to First Majestic upon execution of the agreement (issued);
	(b)	incur an aggregate of $3,000,000 over the first three years to earn a 50% interest in the Property (the “First Option”);
	(c)	upon the exercise of the First Option, the Company will have the sole and exclusive option (the “Second Option”) to acquire an additional 20% interest in and to the Property by incurring an additional $2,000,000 no later than the fifth anniversary of the Agreement; and
	(d)	upon the exercise of the Second Option, the Company will have the sole and exclusive option to acquire an additional 20% interest in and to the Property by completing a bankable feasibility study no later than the seventh anniversary of the Agreement.
	First Majestic will retain a 10% free carried interest and a 2.375% net smelter return.
	The Company agreed to file a registration statement with the Securities and Exchange Commission qualifying the shares and to maintain the registration statement effective for a period of not less than two years. If a registration statement has not been filed and declared effective within twelve months from the date of the Agreement or if the Company fails to maintain the registration statement effective for a period of two years, it has agreed to issue an additional 2,000,000 shares to First Majestic. On April 30, 2012, the Company issued 2,000,000 shares of restricted common stock to First Majestic which were valued at $0.20 per share or $400,000. A notice filing under Regulation D was filed with the SEC on June 7, 2012 with regard to these stock issuances.
	Upon the fulfillment of the above conditions, the Company would own an undivided 50% to 90% interest in the Jalisco Property as tenants in common, with a 50% to 10% participating interest to be retained by First Majestic.
	As of November 30, 2013, the Company has not spent any funds on the properties. The Company is required to spend $3,000,000 by April 15, 2014 and an additional $2,000,000 by April 15, 2016 to explore the properties. The Company expects to amend the Mining Option Agreement with the Jalisco Group of Properties.
	This property does not have any known reserves and the Company’s proposed activities are exploratory in nature. Any costs related to the Agreement will be recorded as exploration expenses.  As of November 30, 2013, the Company has not earned its 50% interest and does not control the property.
	Mining Option Agreement- Ayones, Mexico Property (unaudited)
	On August 10, 2011, the Company entered into a Mining Option Agreement (“Grupo Agreement”) with IMMSA Grupo México. Under the terms of the Grupo Agreement, they granted us an option to acquire a 100% interest in certain mining properties representing the Ayones property located 15 kilometers from the municipality of Etzatlan, Jalisco State, Mexico. The Ayones Property consists of “Ayones” Title. 195743, surface 19.0932 hectares and “Ayones 4” Title. 184155 surface 28.7280 hectares. The property is accessible by truck. It is our understanding that no government permits or reclamation requirements are expected during 2013. The Company is responsible for all maintenance obligation and other expenses related to the properties. The maintenance obligations are paid on a semiannual basis.
	The geology of the area of the property lies at the southern part of the Sierra Madre Occidental province, which is the largest physiographic province in México. This belt of rocks is 200 to 300 km wide, and extends for 1,200 km in a southeast direction parallel to the Gulf of California from the US and Mexican frontier into central México. It forms a dissected plateau with maximum elevation in excess of 3,000 m. Lithological units within this area comprise a lower volcanic sequence approximately 1 km thick of andesitic composition and of late Cretaceous to mid Tertiary age overlying folded Mesozoic or late Paleozoic strata. Local geology consists predominately of Tertiary age felsic tuff and related rocks. Elsewhere in the immediate district there are localized but significant areas of volcanic breccia, basalt and andesite also of Tertiary age. The ore deposits are considered as epitermal type with characteristics of low to intermediate sulphidation (Au-Ag+Pb-Zn-Cu). The mineralized structures occur as veins, stockworks and some disseminated bodies with ore-shoot along their outcrops. To date that several geological, mapping and sampling of old workings and old ore shoots, diamond drill hole campaign and surveying have been conducted on and around the Property area by Grupo Mexico in 1987-1988. Historic production on this property by the Amparo Mining company in the Mazata Mine yielded over 700,000 tons with grade over 3-5 g/ton gold and 500 g/t silver in ephitermal veins. The Mazata mine mineralization has been characterized as deep epithermal or mesothermal and could have significant extent down dip and along strike.  Furthermore, there is potential to develop a number of continuous high-grade veins forming a highly attractive mining silver and gold target.
	(image omitted)
	Under the terms of the Grupo Agreement between Sonora’s wholly owned Mexican subsidiary Finder Plata and Grupo Mexico subsidiary, Industrial Minera Mexico, S.A. de C.V. (“Grupo Mexico”), Finder Plata has the right to purchase 100% of two mining concessions on 48 hectares, the old La Mazata Mine, the data of past diamond drill programs, studies and maps as well as the assets located within the mine areas in exchange for payments over three years. The Grupo Agreement requires a Net Smelter Royalty (“NSR”) payment of 2.0% by Finder Plata with Finder Plata having a first option to purchase the NSR for $ 1 million.
	Under the terms of the Grupo Agreement, Finder Plata is required to pay the following cash payments totaling $1 million to exercise the option:
	(a)	A payment of US $100,000 with the execution of the Grupo Agreement (paid);
	(b)	A payment of US $100,000 within six months of execution of the Grupo Agreement (paid);
	(c)	A payment of US $100,000 within twelve months of execution of the Grupo Agreement (paid);
	(d)	A payment of US $175,000 within eighteen months of execution of the Grupo Agreement;
	(e)	A payment of US $175,000 within twenty-four months of execution of the Grupo Agreement;
	(f)	A payment of US $175,000 within thirty months of execution of the Grupo Agreement; and,
	(g)	A payment of US $175,000 within thirty-six months of execution of the Grupo Agreement.
	The Company did not pay the $175,000 due February 10, 2013 and August 10, 2013 payment of $175,000 to IMMSA Grupo México under the August 10, 2011 Mining Option Agreement.
In addition, Finder Plata is required to spend a total of $1 million in exploration expenditures on the Ayones property as follows:
$200,000 within twelve months of execution of the Grupo Agreement ($12,818 was spent); an additional $300,000 on or before the second anniversary of execution of the Grupo Agreement ($1,612 as spent); and an additional $500,000 on or before the third anniversary of execution of the Grupo Agreement.
On August 2, 2012, the parties signed an Additional Agreement extending the remaining $187,182 of the $200,000 of exploration expenditures due within twelve months of execution of the Grupo Agreement to the second anniversary of the execution of the Grupo Agreement. The Company did not spent the $500,000 in exploration expenditures under the Agreement.
Closing of the transactions contemplated in the Grupo Agreement on or before the third anniversary of execution requires the parties to enter into a Definitive Agreement. The Definitive Agreement would require Finder Plata to begin commercial production thirty months after the execution of the Definitive Agreement. If commercial production is not started in the thirty month period, Finder Plata is required to pay 15% NSR over the future capacity of the mine as established in a feasibility study completed by Finder Plata.
This property does not have any known reserves. All costs related to the Agreement have been recorded as exploration expenses.   The Company intends to terminate the 2011 Mining Option Agreement with IMMSA Grupo México and return the properties; however, the results of such negotiations and an outcome in the Company’s favor cannot be assured. As of November 30, 2013, the Company has not earned its 100% interest and does not control the property. The Company recorded an impairment of $235,000 related to this property as of November 30, 2013.
Mining Option Agreement- Corazon, Mexico Property
On September 5, 2011, the Company entered into Mining Option Agreements (“Corazon Agreements”) with eight Mexican citizens. Under the terms of the Corazon Agreements, the Company was granted an option to acquire a 100% interest in certain mining properties of the Corazon group of claims located in the municipality of Etzatlan, Jalisco State, Mexico.
Under the terms of the agreement between Sonora's wholly owned Mexican subsidiary Finder Plata S.A. de C.V. (“Finder Plata”) and the eight Mexican Citizen owners (“Corazon Owner’s”), Finder Plata has the right to purchase 100.0% for five mining concessions on 721 hectares surrounding the old La Mazata Mine and Ayones claims and prospect recently acquired by Finder Plata in the Mexican state of Jalisco on August 10, 2011. The Company terminated the Corazon Agreements on November 25, 2013, with execution dated January 4, 2014. The Company recorded an impairment of $210,373 related to this property as of November 30, 2013.
Joint Venture and Benefits Agreement- Liz, Mexico Property
On May 17, 2012, Finder Plata entered into a Joint Venture and Benefits Agreement (“Liz Agreement”) with Mr. Ramiro Romero Aguirre, a Mexican citizen. Under the terms of the Liz Agreement, Finder Plata was granted the rights to acquire, process on sight and sale the mineral products obtained from the old dumps located on which are expected to contain silver and gold contents in Liz mining claim title 216028 and on surface of land owned by Mr. Romero. The Liz project located in the municipality of Ayutla, Jalisco State, Mexico. The mining properties are next to the Jalisco Properties and contain silver and gold tailings. The Liz Agreement expired on December 15, 2013.

4_Demand_Promissory_Notes

4. Demand Promissory Notes	12 Months Ended
	Nov. 30, 2013
Debt Disclosure [Abstract]	'
4. Demand Promissory Notes	'
	First Majestic, an existing shareholder, loaned the Company US$30,000 pursuant to a Demand Promissory Note dated February 19, 2013. The Company agreed to pay interest at a rate 1 Year LIBOR plus 3.5% per annum for a maximum of six (6) months. As of November 30, 2013, the Company owes accrued interest of $910.
	First Majestic, an existing shareholder, loaned the Company US$170,000 pursuant to a Demand Promissory Note dated March 15, 2013. The Company agreed to pay interest at a rate 1 Year LIBOR plus 3.5% per annum until the Demand Promissory Note is repaid. As of November 30, 2013, the Company owes accrued interest of $4,723.

5_Capital_Stock

5. Capital Stock	12 Months Ended
	Nov. 30, 2013
Equity [Abstract]	'
5. Capital Stock	'
	Unless otherwise indicated, all of the following sales or issuances of Company securities were conducted under the exemption from registration as provided under Section 4(2) of the Securities Act of 1933 (and also qualified for exemption under 4(5), formerly 4(6) of the Securities Act of 1933, except as noted below). All of the shares issued were issued in transactions not involving a public offering, are considered to be restricted stock as defined in Rule 144 promulgated under the Securities Act of 1933 and stock certificates issued with respect thereto bear legends to that effect.
	Except as indicated, the following transactions were to accredited investors. All issuances to accredited and non-accredited investors were structured to comply with the requirements of the safe harbor afforded by Rule 506 of Regulation D.
	The Company had the following equity transactions during the year ended November 30, 2012.
	On January 16, 2012, the Company issued 33,237 shares of restricted common stock at in accordance with the Restricted Stock Award Agreement dated June 15, 2011 at $0.361 per share for a total value of $12,000 to Mark Scott, our CFO, related to his June 15, 2011 Consulting Agreement. The shares do not have registration rights. A notice filing under Regulation D was filed with the SEC on January 24, 2012 with regard to this stock issuance.
	On April 19, 2012, Coventry converted $605,000 of Convertible Demand Promissory Notes plus accrued interest of $32,440 into 2,549,760 shares of restricted common stock at $.25 per share. The Company recorded a beneficial conversion feature of $94,729 as a result of the conversion. The shares do not have registration rights. A notice filing under Regulation D was filed with the SEC on June 7, 2012 with regard to these stock issuances.
	On April 30, 2012, the Company issued 2,000,000 shares of restricted common stock to First Majestic which were valued at $0.20 per share or $400,000. The shares were recorded as exploration expense. The shares do not have registration rights. A notice filing under Regulation D was filed with the SEC on June 7, 2012 with regard to this stock issuance.
	On April 30, 2012, the Company issued 3,700,000 shares of restricted common stock to five accredited investors valued at $0.20 per share for $740,000. The shares do not have registration rights. A notice filing under Regulation D was filed with the SEC on June 7, 2012 with regard to this stock issuance.
	On April 30, 2012, the Company cancelled 13,500,000 shares of common stock returned by Robbie Manis, an existing shareholder.
	On April 30, 2012, the Company issued 37,285 shares of restricted common stock at $0.282 per share for a total value of $10,500 related to Mr. Scott's June 15, 2011 Consulting Agreement. The shares do not have registration rights. A notice filing under Regulation D was filed with the SEC on June 7, 2012 with regard to this stock issuance.
	On November 16, 2012, the Company issued 200,000 shares to Yale Resources, a non-accredited investor, pursuant to the Mining Option Agreement at the market value of $0.08 per share for a total value of $16,000. The shares do not have registration rights.
	The Company had the following equity transactions during the year ended November 30, 2013.
	On January 3, 2013, the Company issued 170,979 shares of restricted common stock at $0.14 per share for a total value of $24,000 related to Mr. Scott's June 15, 2011 Consulting Agreement. The shares do not have registration rights. A notice filing under Regulation D was filed with the SEC on January 4, 2013 with regard to this stock issuance.
	On March 15, 2013, the Company issued 1,000,000 shares of restricted common stock to Yale Resources, a non-accredited investor, related to an Asset Purchase Agreement dated February 15, 2013. The stock was valued at $0.14 per share for a total value of $140,000. The shares do not have registration rights. A notice filing under Regulation D was filed with the SEC on April 4, 2013 with regard to this stock issuance.
	A summary of the warrants issued as of November 30, 2013 was as follows:
			30-Nov-13
					Weighted
					Average
					Exercise
			Shares		Price
		Outstanding at November 30, 2012		1,000,000	$	0.35
		Issued		—		—
		Outstanding at November 30, 2013		1,000,000	$	0.35
		Exercisable at end of period		1,000,000
	A summary of the status of the warrants outstanding as of November 30, 2013 was as follows:
			30-Nov-13
			Weighted		Weighted				Weighted
			Average		Average				Average
	Number of		Remaining		Exercise		Shares		Exercise
	Warrants		Life		Price		Exerciseable		Price
		1,000,000		0.58	$	0.35		1,000,000	$	0.35
	As of November 30, 2013, vested warrants of 1,000,000 had no aggregate intrinsic value.

6_Stock_Options

6. Stock Options

12 Months Ended

Nov. 30, 2013

Text Block [Abstract]

'

6. Stock Options

'

On December 21, 2010, the Company adopted its 2010 Stock Option Plan pursuant to which it may grant stock options to acquire up to a total of 8,500,000 shares of its common stock. The Board of Directors currently acts as the plan administrator of this plan. On January 21, 2011, 1,400,000 options were granted pursuant to the plan with 400,000 such options granted to consultants with an exercise of $0.20 per share, vested over 2 years and mature on January 19, 2014 and 1,000,000 such options granted to the new president of the Company with an exercise price of $0.20 per share, vested over 5 years and mature on January 21, 2016. During the year ended November 30, 2013, the Company recorded stock based compensation of $54,668 in connection with the stock options granted during the period.

On September 25, 2013, the Company filed Form S-8/A Post Effective Amendment 1 related to the 2010 Stock Option Plan.

Effective December 1, 2012, the Company changed its estimates of the vesting period of certain stock option awards. The vesting period previously averaged two years was increased to an average of five years. The Company made these changes to better reflect the estimated periods during which these options will be expensed. This change had the effect of reducing 2012 compensation expense by $82,000 and decreasing stockholders equity by the same amount.

A summary of the changes in stock options for the period ended November 30, 2013 is presented below:

30-Nov-13

Weighted

Average

Exercise

Shares

Price

Outstanding at November 30, 2012

1,400,000

$

0.2

Issued

—

—

Outstanding at November 30, 2013

1,400,000

$

0.2

Exercisable at end of period

1,025,000

The fair value of each option granted has been estimated as of the date of the grant using the Black-Scholes option pricing model with the following assumptions:

30-Nov-13

Expected volatility

167.15%-185.32%

Risk-free interest rate

1.185%-2.05%

Expected life

3-5 years

Dividend yield

2

%

A summary of weighted average fair value of stock options granted during the period ended November 30, 2013 as follows:

30-Nov-13

Weighted Average

Weighted Average

Exercise Price

Fair Value

Exercise price is greater than market price at grant date:

$                          0.20

$                          0.04

The Company has the following options outstanding and exercisable:

30-Nov-13

Weighted

Weighted

Weighted

Average

Average

Average

Number of

Remaining

Exercise

Shares

Exercise

Warrants

Life

Price

Exerciseable

Price

1,400,000

1.26

$

0.2

1,025,000

$

0.2

There is no aggregate intrinsic value of the exercisable options as of November 30, 2013. As of November 30, 2013, the total compensation of $62,833 for unvested shares is to be recognized over the next 1.26 years.

7_Related_Party_Transactions

7. Related Party Transactions	12 Months Ended
	Nov. 30, 2013
Related Party Transactions [Abstract]	'
7. Related Party Transactions	'
	Related party transactions, including transactions with First Majestic, are discussed in other Notes.

8_Commitments_Contingencies_an

8. Commitments, Contingencies, and Legal Proceedings	12 Months Ended
	Nov. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
8. Commitments, Contingencies, and Legal Proceedings	'
	There are no pending legal proceedings against the Company that are expected to have a material adverse effect on our cash flows, financial condition or results of operations.
	On January 21, 2011, the Company entered into a consulting agreement with Juan Miguel Ríos Gutiérrez whereby Mr. Gutiérrez was appointed Chief Executive Officer at $5,000 per month for a term of indefinite period unless terminated by either party with sixty days advance written notice to the other party.
	On January 18, 2011, the Company entered into a Consulting Agreement with Corcom, Inc., pursuant to which Corcom is to provide certain administrative and related services including, but not limited to, accounting, coordination of annual audits and quarterly reviews, management and review of legal documentation and ensuring timely fulfillment of all regulatory filings. As consideration for the performance of the consulting services under the agreement, the Company agreed to pay Corcom the sum of US$2,000 per month for the duration of the agreement, exclusive of any applicable sales tax. The agreement is for an indefinite period unless terminated by either party with sixty days advance written notice to the other party. As of November 30, 2013, the Company recorded $44,000 related to accounts payable to Corcom.
	On June 15, 2011, the Company entered into Consulting and Restricted Stock Award Agreements whereby Mr. Scott was appointed Chief Financial Officer of the Company. Pursuant to the Scott Agreements, Mr. Scott receives: (i) US $4,000 cash per month and (ii) shares of Company common stock equaling US $3,000 per month. As of November 30, 2013, the Company accrued compensation of $33,000 related to the Restricted Stock Award Agreement with Mr. Scott.

9_Income_Taxes

9. Income Taxes	12 Months Ended
	Nov. 30, 2013
Income Tax Disclosure [Abstract]	'
9. Income Taxes	'
	The Company has incurred losses since inception, which have generated net operating loss carryforwards. The net operating loss carryforwards arise from both United States and Mexican sources.
	Pretax losses arising from domestic operations (United States) were approximately 757,000 for the year ended November 30, 2013. Pretax losses arising from foreign operations (Mexico) were approximately $13,000, for the year ended November 30, 2013.
	Pretax losses arising from domestic operations (United States) were approximately $1,623,000 for the period of inceptions from December 3, 2007 to November 30, 2013. Pretax losses arising from foreign operations (Mexico) were approximately $246,000, for the period of inceptions from December 3, 2007 to November 30, 2013.
	The Company has US net operating loss carryforwards of approximately $552,000, which expire in 2019-2032and Mexico net operating loss carryforwards of approximately $74,000 which expire in 2019-2032. Because it is not more likely than not that sufficient tax earnings will be generated to utilize the net operating loss carryforwards, a corresponding valuation allowance of approximately $626,000 and $364,000 was established as of November 30, 2013 and 2012 respectively. Additionally, under the Tax Reform Act of 1986, the amounts of, and benefits from, net operating losses may be limited in certain circumstances, including a change in control.
	Section 382 of the Internal Revenue Code generally imposes an annual limitation on the amount of net operating loss carryforwards that may be used to offset taxable income when a corporation has undergone significant changes in its stock ownership. There can be no assurance that the Company will be able to utilize any net operating loss carryforwards in the future.
	For the year ended November 30, 2013, the Company’s effective tax rate differs from the federal statutory rate principally due to net operating losses and warrants issued for services.
	The principal components of the Company’s deferred tax assets at November 30, 2013and 2012 are as follows:
		2013			2012
	U.S. operations loss carry forward at statutory rate of 34%	$	551,933		$	294,379
	Non-U.S. operations loss carry forward at statutory rate of 30%		73,800			69,900
	Total		625,733			364,279
	Less Valuation Allowance		(625,733	)		(364,279	)
	Net Deferred Tax Assets		—			—
	Change in Valuation allowance	$	(625,733	)	$	(364,279	)
	A reconciliation of the United States Federal Statutory rate to the Company’s effective tax rate for the year ended November 30, 2013 and 2012 is as follows:
		2013			2012
	Federal Statutory Rate		-34	%		-34	%
	Increase in Income Taxes Resulting from:
	Change in Valuation allowance		34	%		34	%
	Effective Tax Rate		0	%		0	%
	The Company has a consumption tax receivable in the amount of $84,702 which is expected to be refunded during early 2014.

10_Subsequent_Events

10. Subsequent Events	12 Months Ended
	Nov. 30, 2013
Text Block [Abstract]	'
10. Subsequent Events	'
	The Company evaluates subsequent events, for the purpose of adjustment or disclosure, up through the date the financial statements are available.
	First Majestic, an existing shareholder and creditor, loaned the Company US$100,000 pursuant to a Loan Agreement and Promissory Note and dated February 5, 2014. The Company agreed to pay interest at a rate of 9% per annum when the Promissory Note is repaid.

2_Summary_of_Significant_Accou1

2. Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Nov. 30, 2013
Accounting Policies [Abstract]	'
Exploration Stage Enterprise	'
	Exploration Stage Enterprise
	Since the Company is in the exploration stage of operation, the Company’s financial statements are prepared in accordance with the provisions of ASC 915 Development Stage Enterprises, as it devotes substantially all of its efforts to acquiring and exploring mining interests that management believes should eventually provide sufficient net profits to sustain the Company’s existence. Until such interests are engaged in commercial production, the Company will continue to prepare its consolidated financial statements and related disclosures in accordance with this standard.
Basis of Presentation	'
	Basis of Presentation
	The accompanying financial statements have been prepared in accordance with the accounting principles generally accepted in the United States.
Principles of Consolidation	'
	Principles of Consolidation
	These consolidated financial statements include our consolidated balance sheets, results of operations, changes in stockholders' equity and cash flows. All material intercompany balances and transactions have been eliminated in the accompanying consolidated financial statements.
Use of Estimate	'
	Use of Estimates
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amount of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the period. Actual results may differ from those estimates.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	The Company classifies highly liquid temporary investments with an original maturity of three months or less when purchased as cash equivalents.
	The Company maintains cash balances at various financial institutions. Balances at US banks are insured by the Federal Deposit Insurance Corporation up to $250,000. In Mexico, the Company's cash balances are currently fully insured by the Institute for the Protection of Bank Savings.
	The Company has not experienced any losses in such accounts and believes it is not exposed to any significant risk for cash on deposit. As of November 30, 2013, the Company had no deposits in excess of $250,000.
Foreign Currency Translation	'
	Foreign Currency Translation
	The Company maintains its accounting records in U.S. Dollars. The Company's Finder Plata records are maintained in Mexican Pesos. At the transaction date, each asset, liability, revenue and expense involves foreign currencies is translated into U.S. dollars by the use of the exchange rate in effect at that date. At the period end, monetary assets and liabilities involving foreign currencies are remeasured by using the exchange rate in effect at that date. The resulting foreign exchange gains and losses are included in operations. The Company's currency exposure is insignificant and immaterial and we do not use derivative instruments to reduce our potential exposure to foreign currency risk.
Mineral Properties	'
	Mineral Properties
	Costs of acquiring mineral properties are capitalized by project area upon purchase of the associated claims. Costs to maintain the mineral rights and leases and explore are expensed as incurred.  When a property reaches the production stage, the related capitalized costs will be amortized, using the units of production method on the basis of periodic estimates of ore reserves.
	Mineral properties are periodically assessed for impairment of value and any diminution in value.
Fair Value of Financial Instruments	'
	Fair Value of Financial Instruments
	Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The fair value hierarchy contains three levels as follows:
	Level 1 - Unadjusted quoted prices that are available in active markets for the identical assets or liabilities at the measurement date.
	Level 2 - Other observable inputs available at the measurement date, other than quoted prices included in Level 1, either directly or indirectly, including:
	● Quoted prices for similar assets or liabilities in active markets;
	● Quoted prices for identical or similar assets in nonactive markets;
	● Inputs other than quoted prices that are observable for the asset or liability; and
	● Inputs that are derived principally from or corroborated by other observable market data.
	Level 3 - Unobservable inputs that cannot be corroborated by observable market data and reflect the use of significant management judgment. These values are generally determined using pricing models for which the assumptions utilize management’s estimates of market participant assumptions.
Assets and Liabilities that are Measured at Fair Value on a Recurring Basis	'
	Assets and Liabilities that are Measured at Fair Value on a Recurring Basis.
	The Company accounts for fair value measurements in accordance with ASC 820, Fair Value Measurements and Disclosures, which defines fair value, establishes a framework for measurement and expands disclosure about fair value measurement. The fair value hierarchy requires the use of observable market data when available. In instances in which the inputs used to measure fair value fall into different levels of the fair value hierarchy, the fair value measurement has been determined based on the lowest level input that is significant to the fair value measurement in its entirety. The Company’s assessment of the significance of a particular item to the fair value measurement in its entirety requires judgment, including the consideration of inputs specific to the asset or liability.
Impairment of Long-lived Assets	'
	Impairment of Long-lived Assets
	Long-lived assets are reviewed for impairment in accordance with FASB ASC 360, Property, Plant, and Equipment. Under FASB ASC 360, these assets are tested for recoverability annually or whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. An impairment charge is recognized for the amount, if any, when the carrying value of the asset exceeds the fair value. As of November 30, 2013, management deemed the Ayones and Corazon mining interest to be impaired. An impairment of $445,373 was recorded at November 30, 2013.
Asset Retirement Obligations	'
	Asset Retirement Obligations
	The Company applies ASC 410, Accounting for Asset Retirement Obligations which requires that the fair value of a liability for an asset retirement obligation be recognized in the period in which it is incurred. ASC 410 requires the Company to record a liability for the present value using a credit-adjusted risk free interest rate, of the estimated site restoration costs with a corresponding increase to the carrying amount of the related long-lived assets. The liability is accreted until it has been fully incurred and the asset is amortized over the life of the related assets. Adjustments are made for changes resulting from the passage of time and changes to either the timing or amount of the original present value estimate underlying the obligation will be made. As of November 30, 2013, the Company does not have any asset retirement obligations.
Comprehensive Loss	'
	Comprehensive Loss
	The Company applies ASC 220, Comprehensive Income. ASC 220 establishes standards for the reporting and display of comprehensive income or loss, requiring its components to be reported in a financial statement. For the year ended November 30, 2013, our only component of comprehensive income (loss) was foreign currency translation.
Stock-Based Compensation	'
	Stock-Based Compensation
	The Company adopted ASC 718, Compensation – Stock-Based Compensation, to account for its stock options and similar equity instruments issued. Accordingly, compensation costs attributable to stock options or similar equity instruments granted are measured at the fair value at the grant date, and expensed over the expected vesting period. ASC 718 requires excess tax benefits be reported as a financing cash inflow rather than as a reduction of taxes paid.
Loss per Common Share	'
	Loss per Common Share
	Basic loss per share is computed by dividing the net loss attributable to the common stockholders by the weighted average number of shares of common stock outstanding during the periods. Diluted loss per share is computed similar to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. As of November 30, 2013 and 2012, there were options outstanding for the purchase of 1,400,000 common shares and warrants for the issuance of 1,000,000 shares of common stock which could potentially dilute future earnings per share.
Income Taxes	'
	Income Taxes
	The Company accounts for income taxes pursuant to FASB ASC 740, Income Taxes. Under FASB ASC 740-10-25, deferred tax assets and liabilities are determined based on temporary differences between the bases of certain assets and liabilities for income tax and financial reporting purposes. The deferred tax assets and liabilities are classified according to the financial statement classification of the assets and liabilities generating the differences.
	The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company's financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carryforward period under the federal tax laws.
	Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the realizability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate.
New Accounting Pronouncements	'
	New Accounting Pronouncements
	A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, management has not determined whether implementation of such proposed standards would be material to our consolidated financial statements.
	In February 2013, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) 2013-04, Liabilities (Topic 405), which provides guidance for the recognition, measurement, and disclosure of obligations resulting from joint and several liability arrangements. The guidance requires an entity to measure those obligations as the sum of the amount the reporting entity agreed to pay on the basis of its arrangement among its co-obligors and any additional amount the reporting entity expects to pay on behalf of its co-obligors. The guidance also requires an entity to disclose the nature and amount of the obligation as well as other information about those obligations.  ASU 2013-04 is effective for fiscal years beginning after December 15, 2013, which is effective for the Company’s first quarter of fiscal year 2015.  The Company does not believe the adoption of ASU 2013-04 will have a material effect on the Company’s consolidated financial statements.
	In February 2013, the FASB issued ASU 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income.  ASU 2013-02 requires disclosure of the amounts reclassified out of each component of accumulated other comprehensive income and into net earnings during the reporting period and is effective for reporting periods beginning after December 15, 2012.  The Company does not believe the adoption of ASU 2013−02 in the first quarter of fiscal year 2014 will have a material impact on the measurement of net earnings or other comprehensive income.

5_Capital_Stock_Tables

5. Capital Stock (Tables)	12 Months Ended
	Nov. 30, 2013
Equity [Abstract]	'
Schedule of Warrants Issued	'
			30-Nov-13
					Weighted
					Average
					Exercise
			Shares		Price
		Outstanding at November 30, 2012		1,000,000	$	0.35
		Issued		—		—
		Outstanding at November 30, 2013		1,000,000	$	0.35
		Exercisable at end of period		1,000,000
Schedule of Warrants Outstanding	'
			30-Nov-13
			Weighted		Weighted				Weighted
			Average		Average				Average
	Number of		Remaining		Exercise		Shares		Exercise
	Warrants		Life		Price		Exerciseable		Price
		1,000,000		0.58	$	0.35		1,000,000	$	0.35

6_Stock_Options_Tables

6. Stock Options (Tables)

12 Months Ended

Nov. 30, 2013

Text Block [Abstract]

'

Schedule of Stock Options

'

30-Nov-13

Weighted

Average

Exercise

Shares

Price

Outstanding at November 30, 2012

1,400,000

$

0.2

Issued

—

—

Outstanding at November 30, 2013

1,400,000

$

0.2

Exercisable at end of period

1,025,000

Schedule of Fair Value of Stock Options

'

30-Nov-13

Expected volatility

167.15%-185.32%

Risk-free interest rate

1.185%-2.05%

Expected life

3-5 years

Dividend yield

2

%

Schedule of Weighted Average Fair Value of Stock Options Granted

'

30-Nov-13

Weighted Average

Weighted Average

Exercise Price

Fair Value

Exercise price is greater than market price at grant date:

$                          0.20

$                          0.04

Schedule of options outstanding and exercisable

'

30-Nov-13

Weighted

Weighted

Weighted

Average

Average

Average

Number of

Remaining

Exercise

Shares

Exercise

Warrants

Life

Price

Exerciseable

Price

1,400,000

1.26

$

0.2

1,025,000

$

0.2

9_Income_Taxes_Tables

9. Income Taxes (Tables)	12 Months Ended
	Nov. 30, 2013
Income Taxes Tables	'
Schedule of deferred tax assets	'
		2013			2012
	U.S. operations loss carry forward at statutory rate of 34%	$	551,933		$	294,379
	Non-U.S. operations loss carry forward at statutory rate of 30%		73,800			69,900
	Total		625,733			364,279
	Less Valuation Allowance		(625,733	)		(364,279	)
	Net Deferred Tax Assets		—			—
	Change in Valuation allowance	$	(625,733	)	$	(364,279	)
Schedule of effective tax rate	'
		2013			2012
	Federal Statutory Rate		-34	%		-34	%
	Increase in Income Taxes Resulting from:
	Change in Valuation allowance		34	%		34	%
	Effective Tax Rate		0	%		0	%

1_Nature_of_Operations_and_Goi1

1. Nature of Operations and Going Concern (Details Narrative) (USD $)	12 Months Ended		60 Months Ended
	Nov. 30, 2013	Nov. 30, 2012	Nov. 30, 2013
Nature Of Operations And Going Concern Details Narrative	'	'	'
Cumulative Net loss	($830,255)	($934,943)	($3,027,424)

4_Demand_Promissory_Notes_Deta

4. Demand Promissory Notes (Details) (USD $)	12 Months Ended
	Nov. 30, 2013
First Majestic Demand Promissory Note dated February 19, 2013	'
Demand Promissory Note accrued interest	$910
Agreement	'The Company agreed to pay interest at a rate 1 Year LIBOR plus 3.5% per annum for a maximum of six (6) months.
First Majestic Demand Promissory Note dated March 15, 2013	'
Demand Promissory Note accrued interest	$4,723
Agreement	'The Company agreed to pay interest at a rate 1 Year LIBOR plus 3.5% per annum until the Demand Promissory Note is repaid.

5_Capital_Stock_Details

5. Capital Stock (Details) (Warrants, USD $)	12 Months Ended
	Nov. 30, 2013
Warrants	'
Number Outstanding, Beginning	1,000,000
Number Issued	0
Number Outstanding, Ending	1,000,000
Number of Exercisable	1,000,000
Weighted Average Exercise Price Outstanding, Beginning	$0.35
Weighted Average Exercise Price Outstanding, Ending	$0.35

5_Capital_Stock_Details1

5. Capital Stock (Details1) (Warrants, USD $)	12 Months Ended
	Nov. 30, 2013	Nov. 30, 2012
Warrants	'	'
Number Outstanding, Ending	1,000,000	1,000,000
Weighted Average Remaining Life	'6 months 29 days	'
Weighted Average Exercise Price Outstanding, Ending	$0.35	$0.35
Number of Exercisable	1,000,000	'
Weighted Average Exercise Price Exercisable	$0.35	'

5_Capital_Stock_Details_Narrat

5. Capital Stock (Details Narrative) (USD $)	Nov. 30, 2013
Capital Stock Details Narrative	'
Aggregate intrinsic value of vested warrants	$0

6_Stock_Options_Option_activit

6. Stock Options - Option activity (Details) (Stock Options, USD $)	12 Months Ended
	Nov. 30, 2013
Stock Options	'
Number Outstanding, Beginning	1,400,000
Number Issued	0
Number Outstanding, Ending	1,400,000
Number of Exercisable	1,025,000
Weighted Average Exercise Price Outstanding, Beginning	$0.20
Weighted Average Exercise Price Outstanding, Ending	$0.20

6_Stock_Options_Fair_value_ass

6. Stock Options - Fair value assumptions (Details 1)	12 Months Ended
	Nov. 30, 2013
Expected volatility, min	167.15%
Expected volatility, max	185.32%
Risk-free interest rate, min	1.19%
Risk-free interest rate, max	2.05%
Dividend yield	2.00%
Minimum	'
Expected life	'3 years
Maximum	'
Expected life	'5 years

6_Stock_Options_Weighted_avera

6. Stock Options - Weighted average fair value (Details 2) (Stock Options, USD $)	Nov. 30, 2013	Nov. 30, 2012
Stock Options	'	'
Weighted Average Exercise Price Outstanding, Ending	$0.20	$0.20
Weighted Average Fair Value	$0.04	'

6_Stock_Options_Options_outsta

6. Stock Options - Options outstanding and exercisable (Details 3) (Stock Options, USD $)	12 Months Ended
	Nov. 30, 2013	Nov. 30, 2012
Stock Options	'	'
Number Outstanding, Ending	1,400,000	1,400,000
Weighted Average Remaining Life	'1 year 3 months 4 days	'
Weighted Average Exercise Price Outstanding, Ending	$0.20	$0.20
Number of Exercisable	1,025,000	'
Weighted Average Exercise Price Exercisable	$0.20	'

6_Stock_Options_Details_Narrat

6. Stock Options (Details Narrative) (USD $)	12 Months Ended
	Nov. 30, 2013
Stock Options Details Narrative	'
Compensation expense for unvested options yet to be recognized	$62,833
Period over which expense will be recognized	'1 year 3 months 4 days

8_Commitments_Contingencies_an1

8. Commitments, Contingencies, and Legal Proceedings (Details Narrative) (USD $)	Nov. 30, 2013
Commitments Contingencies And Legal Proceedings Details Narrative	'
Accrued Compensation related to the Restricted Stock Award Agreement with Chief Financial Officer	$33,000

9_Income_Taxes_Deferred_tax_as

9. Income Taxes - Deferred tax asset (Details) (USD $)	Nov. 30, 2013	Nov. 30, 2012
Income Taxes - Deferred Tax Asset Details	'	'
U.S. operations loss carry forward at statutory rate of 34%	$551,933	$294,379
Non-U.S. operations loss carry forward at statutory rate of 30%	73,800	69,900
Total	625,733	364,279
Less Valuation Allowance	-625,733	-364,279
Net Deferred Tax Assets	0	0
Change in Valuation allowance	($625,733)	($364,279)

9_Income_Taxes_Reconciliation_

9. Income Taxes - Reconciliation (Details 1)	12 Months Ended
	Nov. 30, 2013	Nov. 30, 2012
Income Taxes - Reconciliation Details 1	'	'
Federal Statutory Rate	-34.00%	-34.00%
Change in Valuation allowance	34.00%	34.00%
Effective Tax Rate	0.00%	0.00%