Joshua Gold Resources (JSHG) 10-Q 13 Aug 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 01, 2018
Document and Entity Information:
Entity Registrant Name	JOSHUA GOLD RESOURCES INC.
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Amendment Flag	false
Entity Central Index Key	1,475,430
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		121,041,942
Entity Filer Category	Smaller Reporting Company
Entity Current Reporting Status	No
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2

Unaudited Condensed Interim Bal

Unaudited Condensed Interim Balance Sheets - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Current Assets
Cash	$ 15,998	$ 4,105
Accounts receivable	18,582	29,927
Notes receivable (Note 7)	29,698	29,698
Total Current Assets	64,278	63,730
Other Assets
Mineral properties (Note 3)	1	1
Total Assets	64,279	63,731
Current liabilities
Accounts payable	338,483	279,038
Accrued liabilities	11,349	50,189
Advances from stockholders (Note 4)	232,000	210,784
Dividends payable	255,754	255,754
Amounts due on mineral properties acquisition (Note 5)	38,085	37,238
Total Liabilities	875,671	833,003
Stockholders' Equity
Preferred stock, $0.0001 par value; 100,000,000 shares authorized; 240,000 shares issued and outstanding (December 31, 2017 - 240,000) (Note 6)	24	24
Common stock, $0.0001 par value; 400,000,000 shares authorized; 121,041,942 shares issued and outstanding (December 31, 2017 - 121,368,942) (Note 6)	12,095	12,127
Additional paid-in capital (Note 6)	$ 9,095,194	$ 9,095,173
Stock to be issued (Note 6)	1,682,192	1,632,192
Accumulated other comprehensive income	$ 61,820	$ 60,149
Accumulated deficit	(11,662,717)	(11,568,937)
Total Stockholders' Deficit	(811,392)	(769,272)
Total Liabilities and Stockholders' Equity	$ 64,279	$ 63,731

Unaudited Condensed Interim Ba3

Unaudited Condensed Interim Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2018	Dec. 31, 2017
Statement of Financial Position [Abstract]
Preferred Stock, Par Value	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized	100,000,000	100,000,000
Preferred Stock, Shares Issued	240,000	240,000
Preferred Stock, Shares Outstanding	240,000	240,000
Common Stock, Par Value	$ 0.0001	$ 0.0001
Common Stock, Shares Authorized	400,000,000	400,000,000
Common Stock, Shares Issued	121,041,942	121,368,942
Common Stock, Shares Outstanding	121,041,942	121,368,942

Unaudited Condensed Interim Sta

Unaudited Condensed Interim Statements of Stockholders' Equity (Deficit) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Stock to be Issued [Member]	Accumulated Other Comprehensive Income [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2016	$ 24	$ 9,592	$ 7,360,080	$ 2,179,736	$ 7,595	$ (10,234,228)	$ (677,202)
Balance, shares at Dec. 31, 2016	240,000	96,015,496
Issuance of stock for cash		$ 70	34,936	6,667			41,673
Issuance of stock for cash, shares		699,917
Stock to be issued for settlement of debt		$ 777	387,791	(388,568)
Stock to be issued for settlement of debt, shares		7,772,443
Issuance of stock for services		$ 132	68,308	(8,440)			60,000
Issuance of stock for services, shares		1,318,804
Stock to be issued for services				100,000			100,000
Issuance of stock for acquisition of mineral properties		$ 935	934,065	50,000			985,000
Issuance of stock for acquisition of mineral properties, shares		9,350,000
Stock to be issued for compensation		$ 621	309,993	(307,203)			3,411
Stock to be issued for compensation, shares		6,212,282
Foreign currency translation					52,554		52,554
Net Loss						(1,289,639)	(1,289,639)
Dividends						(45,069)	(45,069)
Balance at Dec. 31, 2017	$ 24	$ 12,127	9,095,173	1,632,162	60,149	(11,568,937)	(769,272)
Balance, shares at Dec. 31, 2017	240,000	121,368,942
Stock to be issued for services				50,000			50,000
Stock cancelled		$ (32)	21				(11)
Stock cancelled, shares		(327,000)
Foreign currency translation					1,671		1,671
Net Loss						(93,780)	(93,780)
Dividends
Balance at Jun. 30, 2018	$ 24	$ 12,095	$ 9,095,194	$ 1,682,192	$ 61,820	$ (11,662,717)	$ (811,392)
Balance, shares at Jun. 30, 2018	240,000	121,041,942

Unaudited Condensed Interim St5

Unaudited Condensed Interim Statements of Operations and Comprehensive Loss - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
OPERATING EXPENSES
Consulting Fees	$ 28,000	$ 37,964	$ 56,000	$ 89,446
Professional fees	25,958	48,433	33,651	50,193
General and administrative costs	1,466	851	2,722	2,044
Exploration expense	1,315	76,067	1,315	76,067
Interest
Depreciation
Foreign exchange	(1,044)	6,854	91	4,558
Impairment of mineral properties				992,459
TOTAL OPERATING EXPENSES	54,397	168,281	93,779	1,214,764
Net loss	(54,397)	(168,281)	(93,780)
OTHER COMPREHENSIVE INCOME			1,671
Foreign currency translation	(4,501)		(92,108)	(1,214,764)
NET LOSS AND COMPREHENSIVE LOSS	(49,878)	(168,281)	(92,108)	(1,214,764)
Dividends on Preferred Stock
NET LOSS ATTRIBUTED TO COMMON SHAREHOLDERS	$ (49,878)	$ (168,281)	$ (92,108)	$ (1,214,764)
LOSS PER WEIGHTED NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED	$ (0.001)	$ (0.001)	$ (0.001)	$ (0.010)
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING - BASIC AND DILUTED	121,041,942	115,582,874	121,041,942	121,069,024

Unaudited Condensed Interim St6

Unaudited Condensed Interim Statement of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017
CASH FLOWS FOR CONTINUING OPERATIONS OPERATING ACTIVITIES
Loss from continuing operations	$ (93,779)	$ (1,214,764)
Adjustments for non-cash items:
Depreciation
Accrued interest
Loss on impairment of mineral properties		992,459
Stock issued for services		55,000
Deferred Premium on flow through shares
Stock based compensation	50,000	50,000
Adjustments for changes in working capital:
Accounts receivable and other assets	11,345	(15,575)
Accounts payable and accrued liabilities	21,440	(14,724)
NET CASH USED IN OPERATING ACTIVITIES	(10,994)	(147,604)
FINANCING ACTIVITIES
Advances from stockholders	21,216	51,600
Proceeds on issuance of capital stock		84,988
NET CASH PROVIDED BY FINANCING ACTIVITIES	21,216	136,588
INVESTING ACTIVITIES
Mineral rights		(10,000)
NET CASH USED IN INVESTING ACTIVITIES		(10,000)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	1,671	22,811
NET (DECREASE) INCREASE IN CASH	11,893	1,794
CASH, BEGINNING OF PERIOD	4,105	3,684
CASH, END OF PERIOD	15,998	5,478
SUPPLLEMENTARY CASH FLOW INFORMATION
Income taxes paid
Interest paid
Stock issuances to acquire mineral properties		$ 985,000

Nature of Operations

Nature of Operations	6 Months Ended
	Jun. 30, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations	1. Nature of Operations Joshua Gold Resources Inc. (referred to herein as “Joshua”, or the “Company”) was incorporated on July 10, 2009 in the State of Nevada, USA. The Company operates as a mineral exploration business headquartered at 35 Perry Street, Unit 2, Woodstock, Ontario, Canada. Its principal business activity is the acquisition, exploration and development of mineral property interests in Canada. The Company is considered to be in the exploration stage and substantially all of the Company’s efforts are devoted to financing and developing these property interests. The Company has the rights to six mineral properties in Ontario and in the Northwest Territories, Canada. There has been no determination whether the Company’s interests in unproven mineral properties contain mineral reserves, which are economically recoverable. Going Concern The unaudited condensed interim financial statements have been prepared on a going concern basis. The going concern basis of presentation assumes that the Company will continue operations for the foreseeable future and will be able to realize its assets and discharge its liabilities and commitments in the normal course of operation. The Company has incurred a net loss of $93,799 for the period ended June 30, 2018, and a working capital deficit of $811,393. As an exploration stage entity, the Company has not yet commenced its mining operations and accordingly does not have any revenue. This casts substantial doubt on the Company’s ability to continue as a going concern unless it can begin to generate net profit and raise adequate financing. The Company has been seeking additional debt or equity financing to support its operations until it becomes cash flow positive. There can be no assurances that action and plan such as above will be sufficient for the Company to continue operating as a going concern. The unaudited condensed interim financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts classified as liabilities that might be necessary should the Company be unable to continue in existence. These adjustments could be material.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies The accompanying unaudited condensed financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10–Q and Rule 10 of Regulation S–X. Accordingly, they do not include all of the information and notes required by accounting principles generally accepted in the United States of America. However, in the opinion of the management of the Company, all adjustments necessary for a fair presentation of the financial position and operating results have been included in these statements. These unaudited condensed financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10–K for the fiscal year ended December 31, 2017, as filed with the SEC on July 24, 2018. Operating results for the six months ended June 30, 2018 are not necessarily indicative of the results that may be expected for any subsequent quarters or for the year ending December 31, 2018. Use of Estimates The preparation of 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 disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Some of the Company's more significant estimates include those related to uncollectible receivables, the fair value of stock-based compensation and other equity instruments, and the recoverability of mineral properties. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known. Fair Value of Financial Instruments In accordance with ASC 820, Fair Value Measurement, In determining fair value, the Company uses various valuation approaches. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Company assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 - Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3 - Inputs to the valuation methodology are unobservable and significant to the fair value. Income Taxes The Company accounts for income taxes pursuant to ASC 740, Income Taxes Stock-based Compensation The Company accounts for Stock-Based Compensation in accordance with ASC 718, Compensation – Stock Compensation 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 financial statements measured based on the fair value of the equity or liability instruments issued, when granted in exchange for employee services. Awards granted to non-employees fall under ASC 505-50 and are recognized based on the fair value of the goods or services received or the equity instruments, whichever is more reliable. Net Earnings (Loss) Per Share The Company accounts for earnings (loss) per share pursuant ASC 260, Earnings Per Share There were no dilutive financial instruments for the periods ended June 30, 2018 and 2017. Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying consolidated financial statements, other than those disclosed in the Company’s Annual Report on Form 10-K filed with the SEC on July 24, 2018.

Mineral Property Interests

Mineral Property Interests	6 Months Ended
	Jun. 30, 2018
Mineral Industries Disclosures [Abstract]
Mineral Property Interests	3. Mineral Property Interests Balance at January 1, 2017 (a) (b) $ 1 Rollo Property (c) 25,000 Janes Reef Property (d) 16,000 Asquith Property (e) 10,000 C1 Mortimer Property (f) 941,461 Impairment charge (992,461) Balance at December 31, 2017 and June 30, 2018 $ 1 a) Carson Property On December 23, 2010, the Company entered into a mineral property acquisition agreement with 2214098 Ontario Ltd. pursuant to which the Company acquired the mining lease to the Carson Property. Under the acquisition agreement, the Company was required to pay: 1. Cash consideration of $99,060 (CDN$100,000) to be paid according to an installment schedule between April 30, 2011 and December 31, 2015; 2. Equity consideration of 1,000,000 shares of common stock to be issued on or before March 30, 2011; and 3. Royalty of 3% of all net smelter returns upon commencement of commercial production of the property. The Carson Property is 1,812 acres in area and is located north by north-west of the City of Yellowknife, in the Northwest Territories, Canada. The Company’s interest in the property consists of a 21 year mining lease, which expires on June 30, 2024 and for which the Company was responsible for making annual lease payment of $1,141, in order to keep the lease in good standing. On December 13, 2012, the Company terminated its acquisition agreement for the Carson Property with 2214098 Ontario Ltd. Under the terms of the agreement, the Company returned the property to the vendor, and both parties are released from any further obligation under the agreement. The Company had reflected the termination as a loss on disposal of mineral property on the statement of operations of $112,686 for the year ended December 31, 2012. During 2016, the Company reacquired the Carson Property in exchange for 300,000 shares of common stock to be issued valued at $15,000. In 2016 the Company recognized an impairment charge of $15,000 on the carrying value of the Carson Property based on the substantial doubt of the Company’s ability to raise adequate financing. b) Kenty Gold Property McClay Conveyed Property agreement (the “McClay Agreement”) with Brian McClay, a British Columbia, Canada resident (“McClay”), pursuant to which McClay agreed to sell to the Company an undivided one hundred percent (100%) interest in and to certain mineral interests found on the Kenty Gold Property located in the Townships of Swayze and Dore, Ontario, Canada (the “McClay Conveyed Property”). As consideration for the sale of the McClay Conveyed Property, the Company agreed to deliver the following to McClay in the manner set forth below: (a) Closing Date (b) February 4, 2013 (i) CDN$100,000 on or before February 4, 2013; and (ii) 200,000 common shares of Company on or before February 4, 2013. (c) April 4, 2013 (i) CDN$150,000 on or before April 4, 2013; and (ii) 200,000 common shares of Company on or before April 4, 2013. (d) October 4, 2013 (i) CDN$300,000 on or before October 4, 2013; and (ii) 250,000 common shares of Company on or before October 4, 2013. (e) April 4, 2014 (i) CDN$300,000 on or before April 4, 2014; and (ii) 250,000 common shares of Company on or before April 4, 2014. (f) October 4, 2014 (i) CDN$300,000 on or before October 4, 2014; and (ii) 250,000 common shares of Company on or before October 4, 2014. (g) April 4, 2015 (i) CDN$300,000 on or before April 4, 2015; and (ii) 550,000 common shares of Company on or before April 4, 2015. (h) Reserve (i) Production (i) Upon production of 1,000,000 Troy Ounces of Gold (Aurum Metal) from the McClay Conveyed Property, Company shall pay CDN$1,000,000 to McClay. (ii) Upon production of 3,000,000 Troy Ounces of Gold (Aurum Metal) from the McClay Conveyed Property, Company shall pay CDN$2,000,000 to McClay. (iii) Upon production of 5,000,000 Troy Ounces of Gold (Aurum Metal) from the McClay Conveyed Property, Company shall pay CDN$2,000,000 to McClay. (j) Early Buyout Option In addition, upon the Commencement of Commercial Production (as defined in the McClay Agreement), the Company shall pay to McClay a royalty in an amount equal to three percent (3%) of all Net Smelter Returns (as defined in the McClay Agreement) on minerals mined from the McClay Conveyed Property (the “Seller NSR”) on the terms and conditions as set out in the McClay Agreement. Notwithstanding the foregoing, at any point in time following the closing date and upon the Company’s sole election, McClay shall sell to Company fifty percent (50%) of the Seller NSR for a purchase price of CDN$1,500,000. During 2014, the Company recognized an impairment charge of $1,975,999 on the carrying value of the Kenty Property based on the substantial doubt of the Company’s ability to raise adequate financing to further develop and explore this property. As at December 31, 2016, a third party has filed a claim in the Ontario Superior Court of Justice, against the Company. The Company and its legal counsel have determined that the claim is without merit. The third party has made application claiming 100% ownership of the Kenty Property. The Company has responded in the Ontario Superior Court of Justice, with a counter application claiming the property was acquired from the Vendors, who at the time had an undivided 100% interest in the property. The Company has also claimed damages in the amount of CDN$1,000,000. c) Rollo Property In 2017, the Company entered into a mineral property acquisition agreement pursuant to which the Company acquired the mining lease to the Rollo Property. Under the acquisition agreement, the Company is required to pay: 1. Equity consideration of 250,000 shares of common stock to be issued at $0.10 per share. In 2017 the Company issued 250,000 shares of common stock in satisfaction of the purchase price for a total of $25,000. In 2017, the Company recognized an impairment charge of $25,000 on the carrying value of the Rollo Property based on the substantial doubt of the Company’s ability to raise adequate financing to further develop and explore this property. d) Janes Reef Property In 2017, the Company entered into a mineral property acquisition agreement, pursuant to which the Company acquired the mining lease to the Janes Reef Property. Under the acquisition agreement, the Company is required to pay: 1. Equity consideration of 160,000 shares of common stock to be issued at $0.10 per share. In 2017, the Company issued 160,000 shares of common stock in satisfaction of the purchase price for a total of $16,000. In 2017, the Company recognized an impairment charge of $16,000 on the carrying value on the Janes Reef Property based on the substantial doubt of the Company’s ability to raise adequate financing to further develop and explore this property. e) Asquith Property In 2017, the Company entered into a mineral property acquisition agreement. pursuant to which the Company acquired the mining lease to the Asquith Property. Under the acquisition agreement, the Company is required to pay: 1. Equity consideration of 100,000 shares of common stock to be issued at $0.10 per share. In 2017, the Company issued 100,000 shares of common stock in satisfaction of the purchase price for a total of $10,000. In 2017, the Company recognized an impairment charge of $10,000 on the carrying value on the Asquith Property based on the substantial doubt of the Company’s ability to raise adequate financing to further develop and explore this property. f) C1 Mortimer Property In January 2017, the Company entered into a Joint Venture Agreement whereby it has an Option to acquire a fifty per cent (50%) interest in a claim known as the C1- Mortimer property. In order to earn the fifty per cent interest the Company must: 1. Pay $10,000 CDN upon signing; 2. Pay 10 million shares of common stock of the Company to the prospectors pro rata upon signing, which was reduced to 9,850,000 shares of common stock, of which 9,350,000 were issued and the remaining are included in stock to be issued. 3. Spend five hundred thousand ($500,000) on mineral exploration on the property within 30 months of the signing anniversary. 4. Grant Larry Silo first right of refusal on all exploration work. 5. Pay the prospector owners, pro rata, CDN$750,000, within 30 months of the signing anniversary. The current owner prospectors will retain a three per cent (3%) Net Smelter Royalty on the property. On June 2, 2017, the payment of CDN$10,000 was changed to a payment of CDN$5,000 on June 5, 2017, plus CDN$5,000 paid on July 7, 2017. Total consideration of shares and these payments translated into USD amounted to $941,460. The Company recognized an impairment charge of $941,460 on the carrying value based on the substantial doubt of the Company’s ability to raise adequate financing to further develop and explore this property.

Advances From Stockholders

Advances From Stockholders	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Advances From Stockholders	4. Advances From Stockholders The Company has advances from related stockholders and various individuals and corporations who are not related parties. June 30, 2018 December 31, 2017 Due to Ben Ward $74,861 $74,861 During the year ended December 31, 2016, Ben Ward, the former CEO of the Company transferred personal shareholdings to a vendor of the Company and assumed the debt previously owed to the vendor. The amount is non-interest bearing, unsecured and has no specified terms of repayment. Due to David Mason 51,900 54,500 On February 18, 2013, the Company entered into a short term loan agreement with David Mason, at the time a director of the Company, in the amount of CDN$25,000, with 7,500 common shares. The loan was formerly interest bearing at 1% compounded monthly, with an original maturity of April 18, 2013 and if unpaid thereafter bearing interest at 22.5%. The loan is secured by a 10% interest in the C1 Mortimer property, which the Company no longer owns, or 150,000 common stock. As the maturity has passed, the amount plus accrued interest is now due on demand. Interest expense on the loan was CDN$12,287 ($9,154) in 2017 and CDN$10,250 ($7,737) in 2016, which is included in the amount of the loan. Due to Benedetto Fuschino 93,838 69,674 Due to Scott Keevil 7,617 7,966 Due to Dino Micacchi, 3,784 3,784 Long-Term Debt $ 232,000 $ 210,784

Due On Mineral Rights Acquisiti

Due On Mineral Rights Acquisitions	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Due On Mineral Rights Acquisitions	5. Due On Mineral Rights Acquisitions June 30, 2018 December 31, 2017 Due to Hadrian Ventures re: Kenty Property $38,085 $37,238 The Hadrian Ventures Loan is unsecured and has no set terms of repayment. Hadrian Ventures is controlled by Scott Keevil, stockholder and consultant to the Company.

Capital Stock

Capital Stock	6 Months Ended
	Jun. 30, 2018
Stockholders' Equity Note [Abstract]
Capital Stock	6. Capital Stock a) Common Stock For the six months June 30, 2018, the Company issued no shares of common stock. Stock To Be Issued For the six months ended June 30, 2018, 1,000,000 shares became issuable to directors and officers of the Company for services rendered. These transactions have been recorded as stock-based compensation having a total value of $50,000 within shares to be issued. As at June 30, 2018 a further 7,238,725 have yet to be issued for services at the transaction price ranging from $0.05 to $0.15 per share for a total of $1,657,192. Of these 1,628,376 were for settlement of shareholder loans owed by the Company totaling $81,418, 500,000 were for acquisition of mineral rights totaling $50,000 and 3,637,039 were due to Directors and Officers of the Company services totaling $181,851 with the balance yet to be issued have been recorded in the current and prior periods. b) Preferred Stock The Company has authorized Class A preferred stock available to be issued for $1.00 per share, are non-participating and non-voting and accrue cumulative dividends at the rate of 10% per annum. The Company may retract the stock at any time upon the payment of $1.00 per share plus any unpaid dividends. In the event of any wind-up of the Company, the Class A preferred stock has a priority distribution of $1.00 per share plus any unpaid dividends before any distribution to the common stockholders. c) Dividends As at June 30, 2018, the Company was in arrears in dividends on preferred shares. The balance of dividends payable of $255,754 (2017 - $255,754) includes dividends of $176,400 (2017 - $158,400) and accrued interest of $52,285 (2017 - $52,285), accrued at 10.0% interest compounded annually. Preferred dividends for the six months ended June 30, 2018 had an effect of $0.00 and $0.00, respectively on loss per share available to common stockholders. d) Warrants The Company has no warrants outstanding as of June 30, 2018. e) Stock-Based Compensation The Company incurred stock-based compensation expense in connection with its compensation agreements for its directors and officers. Under these agreements, common stock may be issued as a signing bonus or at certain benchmark dates within an individual’s period of service. Stock-based compensation is calculated as the fair value of the stock issued or to be issued to an individual at the time the employment contract was signed and is recorded at the time becomes owing to the individual. Stock issued to a director, manager, or employee may be deferred in the event that their contract requires the individual to remain employed with the Company for a specified time period after issuance. For the six months ended June 30, 2018, the Company’s 1,000,000 shares became issuable in connection with stock-based compensation arrangements. These shares were valued at $0.05 per share and resulted in compensation expense of $50,000. These fees were recorded as a component of consulting fees in the amount of $50,000 on the statements of operations and comprehensive loss.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Related Party Transactions	7. Related Party Transactions The following 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. Refer to Notes 6(a) and 6(d) for the disclosure of stock-based compensation to the CEO and CFO of the Company. Refer to Notes 4 and 6(b) related to advances from stockholders and debt settlements with related parties. Refer to Note 6(a) related to the shares to be returned for cancellation by Penny Currah and Dino Fuschino, both existing stockholders of the Company with familiar relationships to management and consultants of the Company. Receivable from Related Parties as at June 30, 2018 and December 31, 2017: June 30, 2018 December 31, 2017 Receivable from Benedetto Fuschino (i) $ 10,698 $ 10,698 Receivable from Sabine Frisch for stock to be issued, Sabine Frisch is the wife of Scott Keevil a stockholder and consultant to the Company. 19,000 19,000 Receivable from related parties $ 29,698 $ 29,698 (i) Refer to Note 4 which shows $69,674 owed to Benedetto Fuschino and a company controlled by him, although there is no intention to net settle, overall his position is a net payable.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2018
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	8. Financial Instruments Fair Values The Company’s financial instruments consist of cash, notes receivable, accounts payable and accrued liabilities, dividends payable, advances from stockholders, and amounts due on mineral rights acquisition. The fair values of these financial instruments approximate their carrying values due to the short-term maturity of these instruments. The Company’s only financial instruments carried at fair value on the unaudited condensed interim balance sheet is cash, which is classified at Level 1 and is measured using quoted market prices. Furthermore, there were no transfers of financial instruments between Levels 1, 2, and 3 during the six month period ended June 30, 2018. Foreign Currency Risk Foreign currency risk is the risk that changes in the rates of exchange on foreign currencies will impact the financial position or cash flows of the Company. The Company’s functional currency is the Canadian dollar, thus the Company is exposed to foreign currency risks in relation to certain payables that are to be settled in US funds. Management monitors its foreign currency exposure regularly to minimize the risk of an adverse impact on its cash flows. Concentration of Credit Risk Concentration of credit risk is the risk of loss in the event that certain counterparties are unable to fulfill its obligations to the Company. The Company limits its exposure to credit loss on its cash by placing its cash with high credit quality financial institutions. The Company does not have any cash in excess of federally insured limits. Sales taxes receivable are due from the Canadian government and notes receivable are due from stockholders with whom the Company also has advances payable. Subscriptions receivable are collateralized by the shares for which the subscriptions are paid. Liquidity Risk Liquidity risk is the risk that the Company’s cash flows from operations will not be sufficient for the Company to continue operating and discharge is liabilities. The Company is exposed to liquidity risk as its continued operation is dependent upon its ability to obtain financing, either in the form of debt or equity, or achieving profitable operations in order to satisfy its liabilities as they come due. Market Risk Market risk is the risk that fluctuations in the market prices of minerals will impact the Company’s future cash flows. The Company is exposed to market risk on the price of gold, which will determine its ability to build and achieve profitable operations, the amount of exploration and development work that the Company will be able to perform, and the number of financing opportunities that will be available. Management believes that it would be premature at this point to enter into any hedging or forward contracts to mitigate its exposure to specific market price risks.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2018
Subsequent Events [Abstract]
Subsequent Events	9. Subsequent Events On June 20, 2017 the Company announced that it has entered into an Offer of Settlement with the United States Securities and Exchange Commission (the “SEC”), under which it has stipulated that the Company’s Securities and Exchange Act of 1934, as amended (the “Exchange Act”), registration will be revoked, directly, by reason of the Company’s failure to file the reports it was required to file with the SEC since the period ended September 30, 2013. The Offer of Settlement was made following the SEC’s institution of an action to revoke the Company’s registration under the Exchange Act pursuant to Section 12(j) thereof, on or about May 24, 2017. On April 23, 2018, the Company filed a new registration statement with the SEC, and if and when such registration statement is declared effective, to request a U.S. registered broker-dealer to submit a Form 211 with FINRA on its behalf in order to be cleared for quotations of the Company’s common stock in the future. While the revocation is in effect, no public trading of the Company’s common stock is allowed under applicable law. The Company’s reporting issues started with the SEC revoking the privilege of two of the partners of our former auditing firm in 2014, which resulted in the Company being unable to rely on the financial statements audited by this firm for the fiscal years ended December 31, 2012, and 2011, and which required us to re-audit the financial statements for those years, among other potential periods. The Company has included the required December 31, 2017 and 2016, audited financial statements with the new registration.

Significant Accounting Polici16

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of 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 disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. Some of the Company's more significant estimates include those related to uncollectible receivables, the fair value of stock-based compensation and other equity instruments, and the recoverability of mineral properties. These estimates are reviewed periodically, and, as adjustments become necessary, they are reported in earnings in the period in which they become known.
Fair Value of Financial Instruments	Fair Value of Financial Instruments In accordance with ASC 820, Fair Value Measurement, In determining fair value, the Company uses various valuation approaches. A fair value hierarchy for inputs is used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring that the most observable inputs be used when available. Observable inputs are those that market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Company assumptions about the inputs market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. The fair value hierarchy is categorized into three levels based on the inputs as follows: Level 1 - Inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2 - Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the assets or liability, either directly or indirectly, for substantially the full term of the financial instruments. Level 3 - Inputs to the valuation methodology are unobservable and significant to the fair value.
Income Taxes	Income Taxes The Company accounts for income taxes pursuant to ASC 740, Income Taxes
Stock-based Compensation	Stock-based Compensation The Company accounts for Stock-Based Compensation in accordance with ASC 718, Compensation – Stock Compensation 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 financial statements measured based on the fair value of the equity or liability instruments issued, when granted in exchange for employee services. Awards granted to non-employees fall under ASC 505-50 and are recognized based on the fair value of the goods or services received or the equity instruments, whichever is more reliable.
Net Earnings (Loss) Per Share	Net Earnings (Loss) Per Share The Company accounts for earnings (loss) per share pursuant ASC 260, Earnings Per Share There were no dilutive financial instruments for the periods ended June 30, 2018 and 2017.
Recent Accounting Pronouncements	Recent Accounting Pronouncements Management does not believe that any recently issued, but not yet effective accounting pronouncements, when adopted, will have a material effect on the accompanying consolidated financial statements, other than those disclosed in the Company’s Annual Report on Form 10-K filed with the SEC on July 24, 2018.

Mineral Property Interests (Tab

Mineral Property Interests (Tables)	6 Months Ended
	Jun. 30, 2018
Mineral Industries Disclosures [Abstract]
Schedule of Mineral Property Interests	Mineral Property Interests Balance at January 1, 2017 (a) (b) $ 1 Rollo Property (c) 25,000 Janes Reef Property (d) 16,000 Asquith Property (e) 10,000 C1 Mortimer Property (f) 941,461 Impairment charge (992,461) Balance at December 31, 2017 and June 30, 2018 $ 1

Advances From Stockholders (Tab

Advances From Stockholders (Tables)	6 Months Ended
	Jun. 30, 2018
Debt Disclosure [Abstract]
Schedule of Related Stockholders and Various Individuals and Corporations	The Company has advances from related stockholders and various individuals and corporations who are not related parties. June 30, 2018 December 31, 2017 Due to Ben Ward $74,861 $74,861 During the year ended December 31, 2016, Ben Ward, the former CEO of the Company transferred personal shareholdings to a vendor of the Company and assumed the debt previously owed to the vendor. The amount is non-interest bearing, unsecured and has no specified terms of repayment. Due to David Mason 51,900 54,500 On February 18, 2013, the Company entered into a short term loan agreement with David Mason, at the time a director of the Company, in the amount of CDN$25,000, with 7,500 common shares. The loan was formerly interest bearing at 1% compounded monthly, with an original maturity of April 18, 2013 and if unpaid thereafter bearing interest at 22.5%. The loan is secured by a 10% interest in the C1 Mortimer property, which the Company no longer owns, or 150,000 common stock. As the maturity has passed, the amount plus accrued interest is now due on demand. Interest expense on the loan was CDN$12,287 ($9,154) in 2017 and CDN$10,250 ($7,737) in 2016, which is included in the amount of the loan. Due to Benedetto Fuschino 93,838 69,674 Due to Scott Keevil 7,617 7,966 Due to Dino Micacchi, 3,784 3,784 Long-Term Debt $ 232,000 $ 210,784

Due On Mineral Rights Acquisi19

Due On Mineral Rights Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2018
Business Combinations [Abstract]
Schedule of Due On Mineral Rights Acquisitions	Due On Mineral Rights Acquisitions June 30, 2018 December 31, 2017 Due to Hadrian Ventures re: Kenty Property $38,085 $37,238

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2018
Related Party Transactions [Abstract]
Schedule of Receivable from Related Parties	Receivable from Related Parties as at June 30, 2018 and December 31, 2017: June 30, 2018 December 31, 2017 Receivable from Benedetto Fuschino (i) $ 10,698 $ 10,698 Receivable from Sabine Frisch for stock to be issued, Sabine Frisch is the wife of Scott Keevil a stockholder and consultant to the Company. 19,000 19,000 Receivable from related parties $ 29,698 $ 29,698 (i) Refer to Note 4 which shows $69,674 owed to Benedetto Fuschino and a company controlled by him, although there is no intention to net settle, overall his position is a net payable.

Nature of Operations (Details)

Nature of Operations (Details) - USD ($)	3 Months Ended		6 Months Ended	12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Net loss	$ 54,397	$ 168,281	$ 93,780	$ 1,289,639
Working capital deficit	$ 811,393		$ 811,393

Mineral Property Interests (Nar

Mineral Property Interests (Narrative) (Details)	Jul. 07, 2017CAD ($)	Jun. 05, 2017CAD ($)	Jun. 02, 2017CAD ($)	Apr. 04, 2015CAD ($)shares	Oct. 04, 2014CAD ($)shares	Apr. 04, 2014CAD ($)shares	Oct. 04, 2013CAD ($)shares	Apr. 04, 2013CAD ($)shares	Feb. 04, 2013CAD ($)shares	Oct. 04, 2012CAD ($)	Jan. 31, 2017USD ($)shares	Jan. 31, 2017CAD ($)shares	Dec. 23, 2010USD ($)ashares	Dec. 23, 2010CAD ($)ashares	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)shares	Jun. 30, 2018CAD ($)shares	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)$ / sharesshares	Dec. 31, 2016USD ($)shares	Dec. 31, 2016CAD ($)shares	Dec. 31, 2014CAD ($)	Dec. 31, 2012USD ($)
Shares issued, value																				$ 41,673
Exploration expense															$ (1,315)	$ (76,067)	$ (1,315)		$ (76,067)
Carson Property [Member]
Area of land in acres | a													1,812	1,812
Period of mining lease													21 years	21 years
Lease expiration date													Jun. 30, 2024	Jun. 30, 2024
Annual lease payment													$ 1,141
Loss on disposal of mineral property																								$ 112,686
Shares exchanged during period | shares																					300,000	300,000
Shares exchanged during period, value																					$ 15,000
Impairment charge																					$ 15,000
Carson Property [Member] | Ontario Ltd [Member]
Cash consideration													$ 99,060
Equity consideration | shares													1,000,000	1,000,000
Royalty percentage													3.00%	3.00%
Carson Property [Member] | Ontario Ltd [Member] | CDN [Member]
Cash consideration														$ 100,000
Kenty Gold Property [Member]
Impairment charge																							$ 1,975,999
Kenty Gold Property [Member] | Brian McClay [Member]
Consideration				$ 300,000	$ 300,000	$ 300,000	$ 300,000	$ 150,000	$ 100,000	$ 50,000								$ 1,500,000
Equity consideration | shares				550,000	250,000	250,000	250,000	200,000	200,000
Royalty percentage																	3.00%	3.00%
Ownership percentage										100.00%					50.00%		50.00%	50.00%
Indicated reserve of gold in Troy Ounces																	1,000,000	1,000,000
Payment to McClay for gold reserve																		$ 1,000,000
Early buyout option																		$ 750,000
Early buyout option, shares | shares																	750,000	750,000
Kenty Gold Property [Member] | Brian McClay [Member] | Transaction One [Member]
Indicated reserve of gold in Troy Ounces																	1,000,000	1,000,000
Payment to McClay for gold reserve																		$ 1,000,000
Kenty Gold Property [Member] | Brian McClay [Member] | Transaction Two [Member]
Indicated reserve of gold in Troy Ounces																	3,000,000	3,000,000
Payment to McClay for gold reserve																		$ 2,000,000
Kenty Gold Property [Member] | Brian McClay [Member] | Transaction Three [Member]
Indicated reserve of gold in Troy Ounces																	5,000,000	5,000,000
Payment to McClay for gold reserve																		$ 2,000,000
Kenty Gold Property [Member] | Third Party [Member]
Damages sought																						$ 1,000,000
Kenty Gold Property [Member] | Third Party Interest in Kenty Property [Member]
Ownership percentage																					100.00%	100.00%
Rollo Property [Member]
Impairment charge																				$ 25,000
Shares issued | shares																				250,000
Shares issued, value																				$ 25,000
Rollo Property [Member] | Mineral property acquisition [Member]
Equity consideration | shares																				250,000
Share price | $ / shares																				$ 0.10
Janes Reef Property [Member]
Impairment charge																				$ 16,000
Shares issued | shares																				160,000
Shares issued, value																				$ 16,000
Janes Reef Property [Member] | Mineral property acquisition [Member]
Equity consideration | shares																				160,000
Share price | $ / shares																				$ 0.10
Asquith Property [Member]
Impairment charge																				$ 10,000
Shares issued | shares																				100,000
Shares issued, value																				$ 10,000
Asquith Property [Member] | Mineral property acquisition [Member]
Equity consideration | shares																				100,000
Share price | $ / shares																				$ 0.10
CI Mortimer Property [Member]
Impairment charge																	$ 941,460
CI Mortimer Property [Member] | Joint Venture Agreement [Member]
Cash consideration	$ 5,000	$ 5,000	$ 10,000									$ 10,000
Consideration											$ 941,460
Equity consideration | shares											10,000,000	10,000,000
Royalty percentage											3.00%	3.00%
Ownership percentage											50.00%	50.00%
Exploration expense											$ (500,000)
Payment to prospector owners												$ 750,000
CI Mortimer Property [Member] | Joint Venture Agreement [Member] | Shares reduced upon prorata signing [Member]
Equity consideration | shares											9,850,000	9,850,000
Shares issued | shares											9,350,000	9,350,000

Mineral Property Interests (Sch

Mineral Property Interests (Schedule of Mineral Property Interests) (Details)	12 Months Ended
	Dec. 31, 2017USD ($)
Mineral Industries Disclosures [Abstract]
Balance at January 1, 2017	$ 1
Rollo Property	25,000
Janes Reef Property	16,000
Asquith Property	10,000
C1 Mortimer Property	941,461
Impairment charge	(992,461)
Balance at December 31, 2017 and June 30, 2018	$ 1

Advances From Stockholders (Nar

Advances From Stockholders (Narrative) (Details)	1 Months Ended	12 Months Ended
	Feb. 18, 2013CAD ($)shares	Dec. 31, 2017USD ($)shares	Dec. 31, 2017CAD ($)shares	Dec. 31, 2016USD ($)	Dec. 31, 2016CAD ($)	Jun. 30, 2018USD ($)shares
Short-term Debt [Line Items]
Common shares outstanding | shares		121,368,942	121,368,942			121,041,942
Due to David Mason - former Director and Consultant [Member]
Short-term Debt [Line Items]
Short term borrowings	$ 25,000
Common shares outstanding | shares	7,500
Interest rate	1.00%
Maturity date	Apr. 18, 2013
Interest rate if unpaid	22.50%
Interest expense		$ 9,154		$ 7,737
Due to David Mason - former Director and Consultant [Member] | CDN [Member]
Short-term Debt [Line Items]
Interest expense			$ 12,287		$ 10,250
Due to David Mason - former Director and Consultant [Member] | CI Mortimer Property [Member]
Short-term Debt [Line Items]
Common shares outstanding | shares	150,000
Interest percentage	10.00%
Due to Scott Keevil, stockholder and consultant [Member]
Short-term Debt [Line Items]
Unsecured debt						$ 10,000

Advances From Stockholders (Sch

Advances From Stockholders (Schedule of Related Stockholders and Various Individuals and Corporations) (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Long-Term Debt	$ 232,000	$ 210,784
Due to Ben Ward - former CEO [Member]
Debt Instrument [Line Items]
Long-Term Debt	74,861	74,861
Due to David Mason - former Director and Consultant [Member]
Debt Instrument [Line Items]
Long-Term Debt	51,900	54,500
Due to Benedetto Fuschino, President and CEO [Member]
Debt Instrument [Line Items]
Long-Term Debt	93,838	69,674
Due to Scott Keevil, stockholder and consultant [Member]
Debt Instrument [Line Items]
Long-Term Debt	7,617	7,966
Due to Dino Micacchi, stockholder and CFO [Member]
Debt Instrument [Line Items]
Long-Term Debt	$ 3,784	$ 3,784

Due On Mineral Rights Acquisi26

Due On Mineral Rights Acquisitions (Schedule of Due On Mineral Rights Acquisitions) (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Business Combinations [Abstract]
Due to Hadrian Ventures re: Kenty Property	$ 38,085	$ 37,238

Capital Stock (Details)

Capital Stock (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Shares issued for services, value		$ 55,000	$ 60,000
Shares yet to be issued for services	7,238,725
Shares yet to be issued for services, value	$ 1,657,192
Share price	$ 0.05
Shares yet to be issued for settlement of shareholder loans	1,628,376
Shares yet to be issued for settlement of shareholder loans, value	$ 81,418
Shares yet to be issued for acquisition of mineral rights	500,000
Shares yet to be issued for acquisition of mineral rights, value	$ 50,000
Dividends payable	255,754	255,754
Dividends	176,400	158,400
Accrued interest	$ 52,285	$ 52,285
Accrued interest percentage	10.00%	10.00%
Preferred dividends per share	$ 0	$ 0
Shares became issuable in connection with stock-based compensation arrangements	1,000,000
Compensation expense	$ 50,000	$ 50,000
Preferred Class A [Member]
Share price	$ 1
Dividend percentage	10.00%
Retract price of stock	$ 1
Priority distribution price per share in case of wind up	1
Minimum [Member]
Share price	0.05
Maximum [Member]
Share price	$ 0.15
Directors and officers [Member]
Shares issued for services	1,000,000
Shares issued for services, value	$ 50,000
Shares yet to be issued for due to services	3,637,039
Shares yet to be issued for due to services, value	$ 181,851

Related Party Transactions (Sch

Related Party Transactions (Schedule of Receivable from Related Parties) (Details) - USD ($)		Jun. 30, 2018	Dec. 31, 2017
Related Party Transaction [Line Items]
Receivable from related parties		$ 29,698	$ 29,698
Long-Term Debt		232,000	210,784
Due to Benedetto Fuschino, President and CEO [Member]
Related Party Transaction [Line Items]
Long-Term Debt		93,838	69,674
Receivable from Benedetto Fuschino [Member]
Related Party Transaction [Line Items]
Receivable from related parties	[1]	10,698	10,698
Receivable from Sabine Frisch [Member]
Related Party Transaction [Line Items]
Receivable from related parties		$ 19,000	$ 19,000
[1]	Refer to Note 4 which shows $69,674 owed to Benedetto Fuschino and a company controlled by him, although there is no intention to net settle, overall his position is a net payable.