White Fox Ventures (AWAW) 10-Q30 Oct 132013 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2013
Document And Entity Information [Abstract]
Entity Registrant Name	DNA PRECIOUS METALS INC.
Document Type	10-Q
Amendment Flag	FALSE
Entity Central Index Key	1506503
Current Fiscal Year End Date	-19
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2013
Entity Filer Category	Smaller Reporting Company
Document Period End Date	30-Sep-13
Entity Common Stock, Shares Outstanding	90,628,000

CONDENSED_CONSOLIDATED_BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash	$271,251	$598,938
Prepaid expenses and deposits	156,021	4,422
Sales tax receivable	13,948	62,436
Total current assets	441,220	665,796
Fixed assets, net	1,259,745	1,318,343
Other Asset
Mining rights	15,000	15,000
TOTAL ASSETS	1,715,965	1,999,139
CURRENT LIABILITIES
Accounts payable and accrued expenses	96,106	141,220
Liability for stock to be issued	10,000	232,000
Total current liabilities	106,106	373,220
LONG TERM LIABILITIES
Promissory note		502,550
TOTAL LIABILITIES	106,106	875,770
STOCKHOLDERS' EQUITY (DEFICIT)
Preferred stock, $0.001 par value, 10,000,000 shares authorized Nil shares issued and outstanding
Common stock, $0.001 par value, 150,000,000 shares authorized 90,628,000 and 83,024,000 shares issued and outstanding, respectively	90,628	83,024
Additional paid in capital	5,544,850	2,800,976
Deferred compensation	-375,000
Deficits accumulated during the exploration stage	-3,642,109	-1,773,047
Accumulated other comprehensive income (loss)	-8,510	12,416
Total stockholders' equity (deficit)	1,609,859	1,123,369
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)	$1,715,965	$1,999,139

CONDENSED_CONSOLIDATED_BALANCE1

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 2013	Dec. 31, 2012
CONDENSED CONSOLIDATED BALANCE SHEETS [Abstract]
Preferred Stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common Stock, par value	$0.00	$0.00
Common Stock, shares authorized	150,000,000	150,000,000
Common Stock, shares issued	90,628,000	83,024,000
Common Stock, shares outstanding	90,628,000	83,024,000

CONDENSED_CONSOLIDATED_STATEME

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)	3 Months Ended		9 Months Ended		88 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]
REVENUE
COST OF REVENUES
GROSS PROFIT
OPERATING EXPENSES
Engineering costs	7,571	71,257	49,522	195,422	833,889
Salaries and related expenses	115,655	47,700	364,343	145,327	966,204
Shares and options issued as compensation	209,428		896,928		896,928
Professional fees	55,555	49,123	249,524	134,067	586,262
Rent	9,725	4,213	30,690	12,099	66,378
Depreciation	2,213		6,556		7,248
General and administrative	78,382	9,440	256,015	58,134	367,950
Total operating expenses	478,529	181,733	1,853,578	545,049	3,724,859
OTHER (INCOME) EXPENSE
Interest expense, net	410	6,964	1,579	6,964	11,629
Loss on conversion of promissory note			125,000		125,000
Exploration tax credits	-111,095		-111,095		-219,379
Total other (income) expense	-110,685	6,964	15,484	6,964	-82,750
NET LOSS	-367,844	-188,697	-1,869,062	-552,013	-3,642,109
WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING	90,191,030	76,378,609	89,069,040	76,193,547	54,371,585
NET LOSS PER SHARE	$0	$0	($0.02)	($0.01)	($0.07)
COMPREHENSIVE LOSS
Net loss	-367,844	-188,697	-1,869,062	-552,013	-3,642,109
Currency translation adjustment	1,122	-8,333	-20,926	9,250	-8,510
Total comprehensive loss	($366,722)	($197,030)	($1,889,988)	($542,763)	($3,650,619)

CONDENSED_CONSOLIDATED_STATEME1

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)	9 Months Ended		88 Months Ended
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW (USD $)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss for the period	($1,869,062)	($552,013)	($3,642,109)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:
Depreciation	6,556		7,248
Shares and options issued as compensation	896,928		896,928
Loss on conversion of promissory note	125,000		125,000
Common shares issued for services	126,000		534,000
Change in assets and liabilities
(Increase) decrease in prepaid expenses and deposits	-62,457		-74,012
(Increase) decrease in sales tax receivable	46,650		-15,786
Increase (decrease) in accounts payable and accrued expenses	-47,889	311,879	100,586
Total adjustments	1,090,788	311,879	1,573,964
Net cash (used in) operating activities	-778,274	-240,134	-2,068,145
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of fixed assets	-48,468	-745,372	-1,357,295
Net cash (used in) investing activities	-48,468	-745,372	-1,357,295
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds received from promissory note		203,320	491,650
Cash received for common stock and liability for stock to be issued	504,000	946,000	3,197,000
Net cash provided by financing activities	504,000	1,149,320	3,688,650
Effect of foreign currency	-4,945	24,762	8,041
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	-327,687	188,576	271,251
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	598,938	556,674
CASH AND CASH EQUIVALENTS - END OF PERIOD	271,251	745,250	271,251
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:
Common stock issued for subscriptions receivable
Cash paid during the period for:
Interest	1,579	6,964	11,629
Income taxes
SUPPLEMENTAL NON-CASH ACTIVITY:
Common stock issued for mining rights			15,000
Conversion of promissory note to common stock	627,550		627,550
Deferred compensation for common stock	$875,000		$875,000

ORGANIZATION_AND_BASIS_OF_PRES

ORGANIZATION AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2013
ORGANIZATION AND BASIS OF PRESENTATION [Abstract]
ORGANIZATION AND BASIS OF PRESENTATION	NOTE 1-	ORGANIZATION AND BASIS OF PRESENTATION

	The unaudited consolidated financial statements included herein have been prepared, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America have been condensed or omitted pursuant to such rules and regulations, although the Company believes that the disclosures are adequate to make the information presented not misleading. It is suggested that these condensed consolidated financial statements be read in conjunction with the December 31, 2012 audited financial statements and the accompanying notes thereto. While management believes the procedures followed in preparing these condensed consolidated financial statements are reasonable, the accuracy of the amounts are in some respects dependent upon the facts that will exist, and procedures that will be accomplished by the Company later in the year.

	On June 2, 2006, Celtic Capital, Inc. was incorporated in the State of Nevada. On October 20, 2008, Celtic Capital, Inc. changed its name to Entertainment Educational Arts Inc. On May 12, 2010, the Company changed its name to DNA Precious Metals, Inc. (the "Company"). On October 29, 2010, the Company formed DNA Canada Inc., a Canadian federally incorporated company, as a wholly-owned subsidiary. The Company will operate all of its exploration operations through this Canadian entity.

	The Company is an exploration stage company that is in the business of identifying mineral claim rights in Canada and the United States. The Company has conducted minimal business to date.

	The Company's primary goal is to identify and acquire premium gold (Au) and silver (Ag) properties to create an international mining company. The mineralized properties that the Company will focus on acquiring, will have easy accessibility, transportation infrastructures in place on the property and most importantly, will have the potential to be brought into production quickly.

	The Company acquired 10 mining claims in the Montauban Mining Project located in the Montauban and Chavigny townships near Grondines-West in the Portneuf County of Quebec, Canada (the "Property"). Presently, the Company is working on the construction of a processing mill and build-out of the infrastructure.

	Going Concern

	The condensed consolidated financial statements have been prepared on a going concern basis. The going concern basis of presentation assumes that the Company will continue in operation for the foreseeable future and be able to realize its assets and discharge its liabilities and commitments in the normal course of business. The Company has not generated revenues since inception and has generated losses totaling $1,869,062 and $552,013 for the nine months ended September 30, 2013 and 2012, respectively, and losses of $3,642,109 since the Company's inception on June 2, 2006. The Company has had very little operating history to date.
	The Company's continuation as a going concern is dependent upon, amongst other things, continued financial support from its shareholders, attaining a satisfactory revenue level, attainment of profitable operations and the generation of cash from operations and the ability to secure new financing arrangements and new capital to carry out its business plan. These matters are dependent on a number of items outside of the Company's control and there exists material uncertainties that may cast significant doubt about the Company's ability to continue as a going concern.

	The Company can give no assurance that it will achieve profitability or be capable of sustaining profitable operations. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of the carrying amounts of assets or the amount and classification of liabilities that might result if the Company is unable to continue as a going concern. These factors raise substantial doubt regarding the ability of the Company to continue as a going concern.

	The Company raised $110,000 from the sale of 440,000 shares of common stock in August and September 2013 (40,000 shares which were issued in October 2013), and from September 2012 to January 2013, raised $2,357,000 of capital through the subscription of 9,428,000 shares in an S-1 registration statement. The Company also raised, from June to December 2011, $670,000 of capital through the subscription of 3,350,000 private placement shares. The funds raised from the private and public offerings were used to further the Company's business plan while the most recent public raise was used for the construction of a processing mill and build-out of the infrastructure.

	During the fourth quarter of fiscal 2012, the Company commenced construction on the processing mill in which mining operations will be conducted. The structure of the mill was completed in the first quarter of fiscal 2013 but is not as yet in service pending acquisition of mill processing equipment.

	Effective July 1, 2009, the Company adopted the Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 105-10, Generally Accepted Accounting Principles - Overall ("ASC 105-10"). ASC 105-10 establishes the FASB Accounting Standards Codification (the "Codification") as the source of authoritative accounting principles recognized by the FASB to be applied by nongovernmental entities in the preparation of financial statements in conformity with U.S. GAAP. Rules and interpretive releases of the SEC under authority of federal securities laws are also sources of authoritative U.S. GAAP for Securities and Exchange Commission ("SEC") registrants.

	All guidance contained in the Codification carries an equal level of authority. The Codification superseded all existing non-SEC accounting and reporting standards. All other non-grandfathered, non-SEC accounting literature not included in the Codification is non-authoritative. The FASB will not issue new standards in the form of Statements, FASB Positions or Emerging Issue Task Force Abstracts. Instead, it will issue Accounting Standards Updates ("ASUs"). The FASB will not consider ASUs as authoritative in their own right. ASUs will serve only to update the Codification, provide background information about the guidance and provide the bases for conclusions on the change(s) in the Codification. References made to FASB guidance throughout this document have been updated for the Codification.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

9 Months Ended

Sep. 30, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2-

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Exploration Stage Company

The Company is an exploration stage company as defined in ASC 915. The Company has made significant capital investments on a processing mill and related infrastructure pertaining to a mining site described earlier. The construction of the processing mill structure was commenced in the fourth quarter of fiscal 2012 and completed in the first quarter of fiscal 2013. Also, significant infrastructure work related to the processing mill has been completed.

Presently, the infrastructure construction includes the foundation, a 16,000 sq./ft. steel structure building and water and power supply installations. The Company has completed all the access infrastructural work to the future site where the milling facilities will be located.

On September 14, 2012, the Company received the Certificate of Authorization, from the Quebec Provincial Government, to process the mining residues on the Montauban Mine Property. The Certificate of Authorization issued to the Company allows for the

construction and installation of equipment facilities to recuperate mica (muscovite) and the precious metals from the mining residues (tailings) located on the property.

Consequently, the primary objective will be to recuperate the mica and precious metals from the mining residues. The recuperation of the precious metals from the mining residues will be less expensive than traditional mining operations primarily because the mining residues have already been crushed and grinded by prior mining companies.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates.

Principles of Consolidation

The condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary, DNA Canada Inc. All intercompany transactions and accounts have been eliminated on consolidation.

Currency Translation

The Company's functional is the Canadian dollar and its reporting currency is the United States dollar. Transactions denominated in the functional currency are converted into United States dollars using the exchange rate in effect at the date of the transaction or the average rate for the period in the case of revenue and expense transactions. Monetary assets and liabilities are re-valued into the reporting currency at each balance sheet date using the exchange rate in effect at the balance sheet date, with any resulting exchange gains or losses being credited or charged to accumulated other comprehensive income (loss). Non-monetary assets and liabilities are recorded in the reporting currency using the exchange rate in effect at the date of the transaction and are not revalued for subsequent changes in exchange rates.

Stock Options-Based Compensation

The Company estimates the fair value of stock options-based payment awards made to officers and directors related to the Company's stock incentive plan, on the date of grant using an option-pricing model. The value of the portion of the award that is ultimately expected to vest is recognized as an expense ratably over the requisite service periods. The Company uses the Black-Scholes option pricing model to determine the fair value of the stock-based compensation that it grants to officers and directors. The Company is required to make certain assumptions in connection with this determination, the most important of which involves the calculation of volatility with respect to the price of its common stock. The computation of volatility is intended to produce a volatility value that is representative of the Company's expectations about the future volatility of the price of its common stock over an expected term. The Company used an estimate of its future share price to determine volatility and cannot predict how the price of its common shares of common stock will react on the open market in the future. Shares of the Company commenced trading on September 16, 2013. As a result, the volatility value that the Company calculated may differ from the future volatility of the price of its shares of common stock.

Upon the exercise of stock options, any consideration received and the amounts previously recorded under stock-based compensation are credited to share capital. Upon the issuance of shares resulting from share awards, amounts previously recorded under stock options-based compensation are credited to share capital.

Comprehensive Income (Loss)

The Company adopted ASC 220-10, "Reporting Comprehensive Income," (formerly SFAS No. 130). ASC 220-10 requires the reporting of comprehensive income in addition to net income from operations.

Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of information that historically has not been recognized in the calculation of net income.

Cash and Cash Equivalents

The Company considers all highly liquid debt instruments and other short-term investments with maturity of three months or less, when purchased, to be cash equivalents.

The Company maintains cash and cash equivalent balances at one major Canadian bank.

Exploration Tax Credits

The Company is entitled to certain exploration tax credits for the exploration expenditures they have incurred from the Canadian federal government and the government of the Province of Quebec. Some of the tax credits available from the Province of Quebec are in the form of cash. Qualifying expenditures include exploration costs and salaries to conduct the activities of the Company. During the year ended December 31, 2012, the Company received $108,284 in tax credits for qualifying expenditures through October 28, 2011. During the nine months ended September 30, 2013, the Company received $111,095 in tax credits for expenditures through October 28, 2012. The Company has also applied for additional tax credits for the period from October 29, 2012 to December 31, 2012. The Company's policy is to record the tax credits when received rather than applied for. Research tax credits must be reviewed and approved by the tax authorities and it is possible that the amounts granted will differ from the amounts applied for.

Fixed Assets

Fixed assets are stated at cost, less accumulated depreciation. Depreciation will be provided using the straight-line method over the estimated useful lives of the related assets when those assets are placed into service. Costs of maintenance and repairs will be charged to expense as incurred.

Trade and Other Payables

Trade and other payables and accrued liabilities are obligations to pay for goods or services that have been acquired in the normal course of business. Trade and other payables and accrued liabilities are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

Recoverability of Long-Lived Assets

Although the Company does not have any long-lived assets at this point, for any long-lived assets acquired in the future, the Company will review their recoverability on a periodic basis whenever events and changes in circumstances have occurred which may indicate a possible impairment. The assessment for potential impairment will be based primarily on the Company's ability to recover the carrying value of its long-lived assets from expected future cash flows from its operations on an undiscounted basis. If such assets are determined to be impaired, the impairment recognized is the amount by which the carrying value of the assets exceeds the fair value of the assets. Fixed assets to be disposed of by sale will be carried at the lower of the then current carrying value or fair value less estimated costs to sell.

Fair Value of Financial Instruments

The carrying amount reported in the condensed consolidated balance sheets for cash and cash equivalents, accounts payable, and accrued expenses approximate fair value because of the immediate or short-term maturity of these financial instruments. The Company does not utilize derivative instruments.

Income Taxes

The Company uses the liability method of accounting for income taxes under which deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted or substantially enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized as part of the provision for income taxes in the period that includes the enactment date. Deferred tax liabilities are always provided for in full. Deferred tax assets are recognized to the extent that it is probable that they will be able to be utilized against future taxable income. Deferred tax assets and liabilities are offset only when the Company has a right and intention to set off current tax assets and liabilities from the same taxation authority. Valuation allowances are established, when necessary, to reduce deferred tax assets to amounts that are expected to be realized.

Revenue Recognition

The Company will generate revenues from the sale of precious metals mined from its Property. Revenue from the sale of precious metals, namely gold, silver and mica, will be recognized upon delivery of the precious metals, collection is probable, the fee is fixed or determinable and the Company has transferred to the buyer the significant risks and rewards of ownership of the precious metals supplied. Significant risks and rewards are generally considered to be transferred to the buyer when the customer has taken undisputed delivery of the precious metals.

Loss Per Share of Common Stock

Basic net loss per share ("Basic EPS") is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding for the period.

Diluted earnings per share is computed by dividing adjusted net income available to common shareholders by the weighted average number of common shares outstanding adjusted for the effects of all dilutive common share issuances. Dilutive common share issuances shall be deemed to have been converted into ordinary shares at the beginning of the period.

For the purpose of calculating diluted earnings per share, the Company shall assume the exercise of dilutive stock options and warrants. The assumed proceeds from these instruments shall be regarded as having been received from the issue of common shares at the average market price of common shares during the period. Dilutive common share issuances are not included in the computation of diluted earnings per share when the Company reports a loss because to do so would be anti-dilutive for the periods presented. The following is a reconciliation of the computation for basic and diluted EPS:

2-Jun-06

(Inception)

Nine Months Ended

Three Months Ended

Through

September 30,

2013

2012

2013

2012

2013

Net income (loss)

(1,869,062

)

(552,013

)

(367,844

)

(188,697

)

(3,642,109

)

Weighted-average common shares

outstanding (Basic)

89,069,040

76,193,547

90,191,030

76,378,609

54,371,585

Weighted-average common shares

Equivalent

Stock options

1,333,000

Warrants

Weighted-average common shares

outstanding (Diluted)

90,402,040

76,193,547

91,524,030

76,378,609

54,371,585

Uncertainty in Income Taxes

Under ASC 740-10-25 recognition and measurement of uncertain income tax positions is required using a "more-likely-than-not" approach. Management evaluates their tax positions on an annual and quarterly basis, and has determined that as of September 30, 2013, no additional accrual for income taxes is necessary.

The Company has performed a review of its material tax positions. During the nine months ended September 30, 2013, the Company did not recognize any amounts for interest and penalties with respect to any unrecognized tax benefits.

Recent Issued Accounting Standards

In May 2011, FASB issued Accounting Standards Update (ASU) No. 2011-04, Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. FASB ASU 2011-04 amends and clarifies the measurement and disclosure requirements of FASB ASC 820 resulting in common requirements for measuring fair value and for disclosing information about fair value measurements, clarification of how to apply existing fair value measurement and disclosure requirements, and changes to certain principles and requirements for measuring fair value and disclosing information about fair value measurements. The new requirements are effective for fiscal years beginning after December 15, 2011. The Company plans to adopt this amended guidance on October 1, 2012 and at this time does not anticipate that it will have a material impact on the Company's results of operations, cash flows or financial position.

In June 2011, FASB issued ASU No. 2011-05, Presentation of Comprehensive Income, which amends the disclosure and presentation requirements of Comprehensive Income. Specifically, FASB ASU No. 2011-05 requires that all non-owner changes in stockholders' equity be presented either in 1) a single continuous statement of comprehensive income or 2) two separate but consecutive statements, in which the first statement presents total net income and its components, and the second statement presents total other comprehensive income and its components. These new presentation requirements, as currently set forth, are effective for the Company beginning October 1, 2012, with early adoption permitted. The Company plans to adopt this amended guidance on October 1, 2012 and at this time does not anticipate that it will have a material impact on the Company's results of operations, cash flows or financial position.

In September 2011, FASB issued ASU 2011-08, Testing Goodwill for Impairment, which amended goodwill impairment guidance to provide an option for entities to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. After assessing the totality of events and circumstances, if an entity determines that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, performance of the two-step impairment test is no longer required. This guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011, with early adoption permitted. Adoption of this guidance is not expected to have any impact on the Company's results of operations, cash flows or financial position.

In July 2012, the FASB issued ASU 2012-02, Intangibles - Goodwill and Other (Topic 350): Testing Indefinite-Lived Intangible Assets for Impairment, on testing for indefinite-lived intangible assets for impairment. The new guidance provides an entity to simplify the testing for a drop in value of intangible assets such as trademarks, patents, and distribution rights. The amended standard reduces the cost of accounting for indefinite-lived intangible assets, especially in cases where the likelihood of impairment is low. The changes permit businesses and other organizations to first use subjective criteria to determine if an intangible asset has lost value. The amendments to U.S. GAAP will be effective for fiscal years starting after September 15, 2012. The Company's adoption of this accounting guidance does not have a material impact on the consolidated financial statements and related disclosures.

There were other updates recently issued, most of which represented technical corrections to the accounting literature or application to specific industries and are not expected to have a material impact on the Company's financial position, results of operations or cash flows.

STOCKHOLDERS_EQUITY_DEFICIT

STOCKHOLDERS' EQUITY (DEFICIT)	9 Months Ended
STOCKHOLDERS' EQUITY (DEFICIT)	Sep. 30, 2013
STOCKHOLDERS' EQUITY (DEFICIT) [Abstract]
STOCKHOLDERS' EQUITY (DEFICIT)	NOTE 3-	STOCKHOLDERS' EQUITY (DEFICIT)

	Preferred Stock

	The Company was established on June 2, 2006 with 10,000,000 shares of preferred stock authorized with a par value of $0.001. The Company has not issued any preferred stock.

	Common Stock

	The Company was established on June 2, 2006 with 100,000,000 shares of common stock authorized with a par value of $0.001. On December 8, 2011, the Company amended the authorized stock to 150,000,000 shares.

	At incorporation, the Company issued 40,000,000 shares of common stock to the Company's founders at par value of $40,000 for services rendered by the founder.

	In November 2010, the Company issued 20,000,000 shares of common stock for $60,000 to investors ($0.003 per share - 33 investors).

	In 2011, the Company issued:

		·	5,000,000 shares of common stock on June 9, 2011 to acquire mining rights at a value of $15,000 which represented a per share value of $0.003 which was the price used in the November 2010 private placement. There was no change in the valuation of the Company from November 2010 to June 2011, therefore the same price was used;

		·	5,000,000 shares of common stock on June 13, 2011 to board members for services at a value of $15,000 which represented a per share value of $0.003 which was the price used in the November 2010 private placement. There was no change in the valuation of the Company from November 2010 to June 2011, therefore the same price was used;

		·	1,000,000 shares of common stock on June 13, 2011 for payment of interest on the promissory note of $3,000 which represented a per share value of $0.003 which was the price used in the November 2010 private placement. There was no change in the valuation of the Company from November 2010 to June 2011, therefore the same price was used;
		·	3,350,000 shares of common stock from June 27, 2011 through October 20, 2011 for cash under a private placement. The Company issued the private placement at $0.20 per share to reflect the recent activity. There was no independent valuation report. The Company raised $670,000 for the shares of common stock.

		·	1,500,000 shares of common stock on September 19, 2011 under employment agreements for a value of $300,000. The $0.20 value is the same value the Company used in raising funds under their private placement, and there were no changes to that value; and

		·	250,000 shares of common stock on October 20, 2011 to a consultant who assisted on the engineering of the building for a value of $0.20 per share amounting to $50,000. The $0.20 value is the same value the Company used in raising funds under their private placement, and there were no changes to that value

	The methodologies, approaches and assumptions that the Company used are consistent with the American Institute of Certified Public Accountants, "Practice Guide on Valuation of Privately-Held Company Equity Securities Issued as Compensation", considering numerous objective and subjective factors to determine common stock fair market value at each issuance date, including but not limited to the following factors: (a) arm's length private transactions; (b) shares issued for cash as a basis to determine the value for shares issued for services to non-related third parties; and (c) fair value of service provided to non-related third parties as a basis to determine value per share. With respect to the sale of the securities identified above, the Company has relied on the exemption provisions of Section 4(2), Regulation S or Section 3(a) 10 of the Securities Act of 1933, as amended. The sale was made to a sophisticated or accredited investor, as defined in Rule 502, or were issued pursuant to a specific exemption.

	In 2012, the Company issued:

		·	6,924,000 shares of common stock from September 1, 2012 to December 31, 2012 for $1,731,000 through an S-1 registration statement at $0.25 per share.

	In 2013, the Company issued:

		·	1,576,000 shares of common stock from January 1, 2013 to February 28, 2013 for $394,000 through an S-1 registration statement at $0.25 per share. The shares were issued to thirteen different shareholders.

		·	928,000 shares of common stock to nine different shareholders who purchased $232,000 through an S-1 registration statement at $0.25 per share at the end of December 2012. These shares were reflected as a liability for stock to be issued at December 31, 2012. The balance as of March 31, 2013 is $0.

		·	2,500,000 shares of common stock on March 4, 2013 pursuant to an executed agreement with 754 2542 Canada Inc. to convert all amounts owing them, CDN$500,000 face value of the promissory note at $0.20 per share. The original promissory note executed between the parties was dated May 13, 2011.
		·	5,000,000 shares of common stock on March 15, 2013 to new Officers of the Company, pursuant to employment agreements, for value at $0.25 per share representing a total compensation expense of $1,250,000. 2,000,000 shares, valued at $500,000, vest immediately and 3,000,000 shares, valued at $750,000, vest quarterly over one year and are reflected as deferred compensation.

		·	1,500,000 shares of common stock were cancelled on March 28, 2013.

		·	200,000 shares of common stock pursuant to legal services rendered and 200,000 shares of common stock for investor relations valued at $126,000.

		·	1,700,000 shares of common stock were cancelled on June 11, 2013.

		·	440,000 shares of common stock from August 30, 2013 through September 30, 2013 for cash under a private placement. The Company issued the private placement at $0.25 per share to reflect the recent activity. The Company raised $110,000 for the shares of common stock. 40,000 of these shares, or $10,000, have not been issued and are reflected as a liability for stock to be issued on the condensed consolidated balance sheet as at September 30, 2013.


	As of September 30, 2013, the Company has 90,628,000 shares of common stock issued and outstanding.

	Stock Options

	On August 12, 2013, the Company approved and enacted the 2013 Stock Incentive Plan (the "Plan"). Under the 2013 Stock Incentive Plan, the Company may grant options or share awards to its full-time employees, executive officers, directors and consultants up to a maximum of 8,000,000 common shares. Under the Plan, the exercise price of each option has been established at $0.25. Stock options vest as stipulated in the stock option agreement and their maximum term is 8 years.

	The following table summarizes information about the Company's stock options:

			30-Sep-13
						Weigthed
						average
			Number of			exercise
			options			price

Options outstanding, beginning of period			-		$	-
Granted			1,333,000			0.25
Expired			-			-
Forfeited			-			-

			1,333,000			0.25

The following table summarizes the ranges of exercise prices of outstanding and exercisable options held by officers and directors as of September 30, 2013:

	30-Sep-13				30-Sep-13
	Options Outstanding				Options Exercisable
		Weigthed	Weigthed			Weigthed	Weigthed
		average	average			average	average
	Number of	remaining	exercise		Number of	remaining	exercise
	options	life (years)	price		options	life (years)	price

$0.25	1,333,000	7.88	$	0.25	166,500	7.88	$	0.25

Stock options-based compensation expense included in the condensed consolidated statements of operations and comprehensive loss for the nine months ended September 30, 2013 and 2012 was $21,928 and $0, respectively, and for the three months ended September 30, 2013 and 2012 was $21,928 and $0, respectively.


Warrants

As of September 30, 2013, the Company has not issued any warrants.

FIXED_ASSETS

FIXED ASSETS	9 Months Ended
FIXED ASSETS	Sep. 30, 2013
FIXED ASSETS [Abstract]
FIXED ASSETS	NOTE 4-	FIXED ASSETS

	Fixed assets consist of the following as of September 30, 2013 and December 31, 2012:

	Estimated			(Unaudited)			December 31,
	Useful Lives			June 30,			December 31,
			(Years)	2013			2012
	Building		15	$	1,085,663		$	1,154,284
	Land				93,953			93,953
	Computers		5		4,424			2,556
	Office Equipment		5		14,711			-
	Mill Equipment		5		43,115			43,115
	Vehicle		5		25,127			25,127
	Subtotal				1,266,993			1,319,035
	Less: accumulated depreciation				(7,248	)		(692	)
	Fixed assets, net			$	1,259,745		$	1,318,343


	As of September 30, 2013, only the computers, office equipment and vehicle have been placed into service. Depreciation for the nine months ended September 30, 2013 and 2012 was $6,556 and $0, respectively, and for the three months ended September 30, 2013 and 2012 was $2,213 and $0, respectively.

PROVISION_FOR_INCOME_TAXES

PROVISION FOR INCOME TAXES	9 Months Ended
PROVISION FOR INCOME TAXES	Sep. 30, 2013
PROVISION FOR INCOME TAXES [Abstract]
PROVISION FOR INCOME TAXES	NOTE 5-	PROVISION FOR INCOME TAXES

	As of September 30, 2013, there is no provision for income taxes, current or deferred.


	Net operating losses		$	979,727
	Valuation allowance			(979,727	)
			$	-


	At September 30, 2013, the Company had a net operating loss carry forward in the amount of $3,642,109, available to offset future taxable income through 2033. The Company has established a valuation allowance equal to the full amount of the deferred tax assets due to the uncertainty of the utilization of the operating losses in future periods.

	A reconciliation of the Company's effective tax rate as a percentage of income before taxes and the federal statutory rate for the nine and three month periods ended September 30, 2013 and 2012 is summarized below:




	Federal statutory rate		-26.90%
	State income taxes, net of federal benefits		0
	Valuation allowance		26.9
			0%

PROMISSORY_NOTE

PROMISSORY NOTE	9 Months Ended
PROMISSORY NOTE	Sep. 30, 2013
PROMISSORY NOTE [Abstract]
PROMISSORY NOTE	NOTE 6- PROMISSORY NOTE

	The Company entered into a promissory note with an investor on May 13, 2011 in the amount of CDN$500,000 that matures on May 31, 2014. The note had a default interest rate of 5% per annum should repayment not occur by the maturity date and the Company be in default of the promissory note agreement. In connection with the promissory note, the Company issued 1,000,000 shares of stock valued at CDN$3,000 in June 2011 for prepaid interest.

	On March 4, 2013, 754 2542 Canada Inc. executed an agreement with the Company whereby 754 2542 Canada Inc. agreed to accept 2,500,000 shares of common stock in satisfaction of all amounts due and owing 754 2542 Canada Inc. pursuant to the promissory note executed between the parties on May 13, 2011. As a result, the promissory note has been converted, and the Company recorded a loss on conversion of this note of $125,000 in the condensed consolidated statement of operations.
	On August 3, 2012, the Company entered into a promissory note with a non-related individual in the amount of CDN$200,000 maturing on November 16, 2014. The note bears interest at 12% per annum. The lender retained the first $7,000 for interest at closing thereby funding the Company net proceeds of $193,000. The note was repaid in full on November 30, 2012.

COMMITMENTS

COMMITMENTS	9 Months Ended
COMMITMENTS	Sep. 30, 2013
COMMITMENTS [Abstract]
COMMITMENTS	NOTE 7- COMMITMENTS

	The Company had the following financial commitments, represented by rent agreements, as at September 30, 2013:

		Year ending December 31,
	2013	$	9,600
	2014		35,804
	2015		22,818
	2016		22,818
	2017		22,818
		$	113,858

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2013

FAIR VALUE MEASUREMENTS [Abstract]

FAIR VALUE MEASUREMENTS

NOTE 8-

FAIR VALUE MEASUREMENTS

The Company adopted certain provisions of ASC Topic 820. ASC 820 defines fair value, provides a consistent framework for measuring fair value under generally accepted accounting principles and expands fair value financial statement disclosure requirements. ASC 820's valuation techniques are based on observable and unobservable inputs. Observable inputs reflect readily obtainable data from independent sources, while unobservable inputs reflect our market assumptions. ASC 820 classifies these inputs into the following hierarchy:

Level 1 inputs: Quoted prices for identical instruments in active markets.

Level 2 inputs: Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

Level 3 inputs: Instruments with primarily unobservable value drivers.

The following table represents the fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2013:

Level 1

Level 2

Level 3

Total

Cash and cash equivalents

271,251

RECLASSIFICATIONS

RECLASSIFICATIONS	9 Months Ended
	Sep. 30, 2013
RECLASSIFICATIONS [Abstract]
RECLASSIFICATIONS	NOTE 9-	RECLASSIFICATIONS

	Certain comparative figures have been reclassified to conform to the current presentation.

SUBSEQUENT_EVENT

SUBSEQUENT EVENT	9 Months Ended
	Sep. 30, 2013
SUBSEQUENT EVENT [Abstract]
SUBSEQUENT EVENT	NOTE 10-	SUBSEQUENT EVENT

	Subsequent to September 30, 2013, the Company received cash under a private placement in the amount of $442,000. The Company issued the private placement at $0.25 per share which will represent the issuance of 1,768,000 common shares. The common shares were issued in October 2013.

	On October 15, 2013, the Company entered into a binding agreement for the asset acquisition of an undivided one hundred percent (100%) interest in certain mineral interests, specifically Bail Minier BM 748 and Concession Miniere CM 410, Province of Quebec, including claims, rights, concessions and leases. The purchase price was CDN.$50,000 and 1,000,000 common shares of the Company. The common shares for the acquisition will be valued at their fair market value at the close of business on October 15, 2013, which was $0.59 per share or $590,000.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)

9 Months Ended

Sep. 30, 2013

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]

Exploration Stage Company

construction and installation of equipment facilities to recuperate mica (muscovite) and the precious metals from the mining residues (tailings) located on the property.

Use of Estimates

Principles of Consolidation

Currency Translation

Stock Options-Based Compensation

Comprehensive Income (Loss)

The Company adopted ASC 220-10, "Reporting Comprehensive Income," (formerly SFAS No. 130). ASC 220-10 requires the reporting of comprehensive income in addition to net income from operations.

Comprehensive income is a more inclusive financial reporting methodology that includes disclosure of information that historically has not been recognized in the calculation of net income.

Cash and Cash Equivalents

The Company considers all highly liquid debt instruments and other short-term investments with maturity of three months or less, when purchased, to be cash equivalents.

The Company maintains cash and cash equivalent balances at one major Canadian bank.

Exploration Tax Credits

Fixed Assets

Trade and Other Payables

Recoverability of Long-Lived Assets

Fair Value of Financial Instruments

Income Taxes

Revenue Recognition

Loss Per Share of Common Stock

Basic net loss per share ("Basic EPS") is computed by dividing net loss available to common shareholders by the weighted average number of common shares outstanding for the period.

2-Jun-06

(Inception)

Nine Months Ended

Three Months Ended

Through

September 30,

2013

2012

2013

2012

2013

Net income (loss)

(1,869,062

)

(552,013

)

(367,844

)

(188,697

)

(3,642,109

)

Weighted-average common shares

outstanding (Basic)

89,069,040

76,193,547

90,191,030

76,378,609

54,371,585

Weighted-average common shares

Equivalent

Stock options

1,333,000

Warrants

Weighted-average common shares

outstanding (Diluted)

90,402,040

76,193,547

91,524,030

76,378,609

54,371,585

Uncertainty in Income Taxes

Recent Issued Accounting Standards

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Reconciliation of Computation for Basic and Diluted EPS	The following is a reconciliation of the computation for basic and diluted EPS:

														2-Jun-06
														(Inception)
		Nine Months Ended						Three Months Ended						Through
		September 30,			September 30,			September 30,			September 30,			September 30,
		2013			2012			2013			2012			2013

	Net income (loss)	$	(1,869,062	)	$	(552,013	)	$	(367,844	)	$	(188,697	)	$	(3,642,109	)

	Weighted-average common shares
	outstanding (Basic)		89,069,040			76,193,547			90,191,030			76,378,609			54,371,585


	Weighted-average common shares
	Equivalent
	Stock options		1,333,000			-			1,333,000			-			-
	Warrants		-			-			-			-			-


	Weighted-average common shares
	outstanding (Diluted)		90,402,040			76,193,547			91,524,030			76,378,609			54,371,585

STOCKHOLDERS_EQUITY_DEFICIT_Ta

STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	9 Months Ended
STOCKHOLDERS' EQUITY (DEFICIT) (Tables)	Sep. 30, 2013
STOCKHOLDERS' EQUITY (DEFICIT) [Abstract]
Schedule of Stock Option Activity	The following table summarizes information about the Company's stock options:

			30-Sep-13
						Weigthed
						average
			Number of			exercise
			options			price

	Options outstanding, beginning of period			-		$	-
	Granted			1,333,000			0.25
	Expired			-			-
	Forfeited			-			-

				1,333,000			0.25

Summary of Outstanding and Exercisable Options by Price Range	The following table summarizes the ranges of exercise prices of outstanding and exercisable options held by officers and directors as of September 30, 2013:

		30-Sep-13				30-Sep-13
		Options Outstanding				Options Exercisable
			Weigthed	Weigthed			Weigthed	Weigthed
			average	average			average	average
		Number of	remaining	exercise		Number of	remaining	exercise
		options	life (years)	price		options	life (years)	price

	$0.25	1,333,000	7.88	$	0.25	166,500	7.88	$	0.25

FIXED_ASSETS_Tables

FIXED ASSETS (Tables)	9 Months Ended
FIXED ASSETS (Tables)	Sep. 30, 2013
FIXED ASSETS [Abstract]
Schedule of Fixed Assets	Fixed assets consist of the following as of September 30, 2013 and December 31, 2012:

	Estimated		(Unaudited)			December 31,
	Useful Lives		June 30,			December 31,
		(Years)	2013			2012
	Building	15	$	1,085,663		$	1,154,284
	Land			93,953			93,953
	Computers	5		4,424			2,556
	Office Equipment	5		14,711			-
	Mill Equipment	5		43,115			43,115
	Vehicle	5		25,127			25,127
	Subtotal			1,266,993			1,319,035
	Less: accumulated depreciation			(7,248	)		(692	)
	Fixed assets, net		$	1,259,745		$	1,318,343

PROVISION_FOR_INCOME_TAXES_Tab

PROVISION FOR INCOME TAXES (Tables)	9 Months Ended
PROVISION FOR INCOME TAXES (Tables)	Sep. 30, 2013
PROVISION FOR INCOME TAXES [Abstract]
Schedule of Components of Provision for Income Taxes	As of September 30, 2013, there is no provision for income taxes, current or deferred.


	Net operating losses	$	979,727
	Valuation allowance		(979,727	)
		$	-
Reconciliation of Effective Tax Rate as a Percentage of Income Before Taxes and Federal Statutory Rate	A reconciliation of the Company's effective tax rate as a percentage of income before taxes and the federal statutory rate for the nine and three month periods ended September 30, 2013 and 2012 is summarized below:




	Federal statutory rate	-26.90%
	State income taxes, net of federal benefits	0
	Valuation allowance	26.9
		0%

COMMITMENTS_Tables

COMMITMENTS (Tables)	9 Months Ended
COMMITMENTS (Tables)	Sep. 30, 2013
COMMITMENTS [Abstract]
Schedule of Financial Commitments	The Company had the following financial commitments, represented by rent agreements, as at September 30, 2013:

		Year ending December 31,
	2013	$	9,600
	2014		35,804
	2015		22,818
	2016		22,818
	2017		22,818
		$	113,858

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2013

FAIR VALUE MEASUREMENTS [Abstract]

Fair Value Hierarchy for Those Financial Assets and Liabilities Measured at Fair Value on a Recurring Basis

The following table represents the fair value hierarchy for those financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2013:

Level 1

Level 2

Level 3

Total

Cash and cash equivalents

271,251

ORGANIZATION_AND_BASIS_OF_PRES1

ORGANIZATION AND BASIS OF PRESENTATION (Details) (USD $)	1 Months Ended	2 Months Ended	3 Months Ended		5 Months Ended	7 Months Ended	9 Months Ended		88 Months Ended
ORGANIZATION AND BASIS OF PRESENTATION (Details) (USD $)	Oct. 31, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Jan. 31, 2013	Dec. 31, 2011	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
ORGANIZATION AND BASIS OF PRESENTATION [Abstract]
Net loss			$367,844	$188,697			$1,869,062	$552,013	$3,642,109
Proceeds from sale of common stock		$110,000			$2,357,000	$670,000
Shares issued in private placement	40,000	440,000				3,350,000
Shares issued in S-1 registration statement					9,428,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Narrative) (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended	88 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012	Sep. 30, 2013
	sqft	Sep. 30, 2012	sqft	Sep. 30, 2012	Dec. 31, 2012	sqft
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Area Of Structure	16,000		16,000			16,000
Exploration tax credits received	$111,095		$111,095		$108,284	$219,379

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Earnings Per Share) (Details) (USD $)	3 Months Ended		9 Months Ended		88 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
Net loss	($367,844)	($188,697)	($1,869,062)	($552,013)	($3,642,109)
Weighted-average common shares outstanding (Basic)	90,191,030	76,378,609	89,069,040	76,193,547	54,371,585
Weighted-average common shares Equivalent
Stock options	1,333,000		1,333,000
Warrants
Weighted-average common shares outstanding (Diluted)	91,524,030	76,378,609	90,402,040	76,193,547	54,371,585

STOCKHOLDERS_EQUITY_DEFICIT_Na

STOCKHOLDERS' EQUITY (DEFICIT) (Narrative) (Details) (USD $)	1 Months Ended	2 Months Ended	3 Months Ended		5 Months Ended	7 Months Ended	9 Months Ended		88 Months Ended				3 Months Ended		9 Months Ended		1 Months Ended				7 Months Ended		9 Months Ended	12 Months Ended			1 Months Ended
	Oct. 31, 2013	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Jan. 31, 2013	Dec. 31, 2011	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Dec. 31, 2012	Dec. 08, 2011	Jun. 01, 2006	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Jun. 30, 2013	Mar. 31, 2013	Mar. 04, 2013	Jun. 30, 2011	Dec. 31, 2011	Dec. 31, 2006	Sep. 30, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Mar. 15, 2013	Mar. 15, 2013
													Stock Options [Member]	Stock Options [Member]	Stock Options [Member]	Stock Options [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]	Common Stock [Member]
																											Common Stock Vested Immediately [Member]	Common Stock Vested Quarterly [Member]
STOCKHOLDERS' EQUITY (DEFICIT) [Abstract]
Preferred stock, shares authorized		10,000,000	10,000,000				10,000,000		10,000,000	10,000,000		10,000,000
Preferred Stock, par value		$0.00	$0.00				$0.00		$0.00	$0.00		$0.00
Common stock, shares authorized		150,000,000	150,000,000				150,000,000		150,000,000	150,000,000	150,000,000	100,000,000
Common Stock, par value		$0.00	$0.00				$0.00		$0.00	$0.00		$0.00
Common Stock, shares issued		90,628,000	90,628,000				90,628,000		90,628,000	83,024,000
Common Stock, shares outstanding		90,628,000	90,628,000				90,628,000		90,628,000	83,024,000
Statement [Line Items]
Common stock issued, price per share																			$0.20	$0.00	$0.20		$0.25	$0.25	$0.00	$0.00
Common shares issued to founder, amount																						$40,000
Common shares issued to founder, shares																						40,000,000
Common shares issued for cash, amount																										60,000
Common shares issued for cash, shares																										20,000,000
Shares issued for acquisition of mining rights, amount																									15,000
Shares issued for acquisition of mining rights, shares																									5,000,000
Shares issued to board members, amount																									15,000
Shares issued to board members, shares																									5,000,000
Shares issued for interest on promissory note, amount																									3,000
Shares issued for interest on promissory note, shares																									1,000,000
Shares issued in private placement, amount																							110,000		670,000
Shares issued in private placement, shares	40,000	440,000				3,350,000																	440,000		3,350,000
Shares issued under employment agreement, amount																									300,000
Shares issued under employment agreement, shares																									1,500,000
Shares issued to engineer per agreement, amount																									50,000
Shares issued to engineer per agreement, shares																									250,000
Shares issued through S-1 registration statement in settlement of liability for stock to be issued, amount																							232,000
Shares issued through S-1 registration statement in settlement of liability for stock to be issued, shares					9,428,000																		928,000
Shares issued through S-1 registration statement, amount																							394,000	1,731,000
Shares issued through S-1 registration statement, shares																							1,576,000	6,924,000
Shares issued on conversion of promissory note, shares																							2,500,000
Shares issued pursuant to employment contracts, amount																											500,000	750,000
Shares issued pursuant to employment contracts, shares																							5,000,000				2,000,000	3,000,000
Shares issued pursuant to legal services, amount							50,000																126,000
Shares issued pursuant to legal services, shares																							200,000
Liability for stock to be issued		10,000	10,000				10,000		10,000	232,000
Shares issued pursuant to investor relations, shares																							200,000
Shares issued pursuant to investor relations, amount																							126,000
Promissory note, original principal																							500,000
Cancelled common stock, shares																	1,700,000	1,500,000
Number of investors																										33
Stock-based compensation expense			$209,428				$896,928		$896,928				$21,928		$21,928								$1,250,000

STOCKHOLDERS_EQUITY_DEFICIT_Sc

STOCKHOLDERS' EQUITY (DEFICIT) (Schedule of Stock Option Activity) (Details) (USD $)	9 Months Ended
	Sep. 30, 2013
STOCKHOLDERS' EQUITY (DEFICIT) [Abstract]
Maximum number of options authorized	8,000,000
Term	8 years
Shares outstanding:
Outstanding beginning balance
Granted	1,333,000
Expired
Forfeited
Outstanding ending balance	1,333,000
Weighted average exercise price:
Outstanding beginning balance
Granted	$0.25
Expired
Forfeited
Outstanding ending balance	$0.25

STOCKHOLDERS_EQUITY_DEFICIT_Su

STOCKHOLDERS' EQUITY (DEFICIT) (Summary of Options Outstanding and Exercisable by Price Range) (Details) (Exercise Price Range [Member], USD $)	9 Months Ended
	Sep. 30, 2013
Exercise Price Range [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Minimum exercise price	$0.25
Number Outstanding	1,333,000
Weighted Average Remaining Contractual Life (years)	7 years 10 months 17 days
Weighted Average Exercise Price	$0.25
Number Exercisable	166,500
Weighted average remaining contractual life (years)	7 years 10 months 17 days
Weighted Average Exercise Price	$0.25

FIXED_ASSETS_Details

FIXED ASSETS (Details) (USD $)	3 Months Ended		9 Months Ended		88 Months Ended
FIXED ASSETS (Details) (USD $)	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]
Fixed assets, gross	$1,266,993		$1,266,993		$1,266,993	$1,319,035
Less: accumulated depreciation	-7,248		-7,248		-7,248	-692
Fixed assets, net	1,259,745		1,259,745		1,259,745	1,318,343
Depreciation	2,213		6,556		7,248
Building [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	1,085,663		1,085,663		1,085,663	1,154,284
Estimated useful lives			15 years
Land [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	93,953		93,953		93,953	93,953
Estimated useful lives
Computers [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	4,424		4,424		4,424	2,556
Estimated useful lives			5 years
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	14,711		14,711		14,711
Estimated useful lives			5 years
Mill Equipment [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	43,115		43,115		43,115	43,115
Estimated useful lives			5 years
Vehicle [Member]
Property, Plant and Equipment [Line Items]
Fixed assets, gross	$25,127		$25,127		$25,127	$25,127
Estimated useful lives			5 years

PROVISION_FOR_INCOME_TAXES_Nar

PROVISION FOR INCOME TAXES (Narrative) (Details) (USD $)	9 Months Ended
PROVISION FOR INCOME TAXES (Narrative) (Details) (USD $)	Sep. 30, 2013
PROVISION FOR INCOME TAXES [Abstract]
Net operating loss carry forward	$3,642,109
Expiration of operating loss carry forward	31-Dec-33

PROVISION_FOR_INCOME_TAXES_Sch

PROVISION FOR INCOME TAXES (Schedule of Provision for Income Taxes) (Details) (USD $)	Sep. 30, 2013
PROVISION FOR INCOME TAXES [Abstract]
Net operating losses	$979,727
Valuation allowance	-979,727
Deferred Tax Assets, Net, Total

PROVISION_FOR_INCOME_TAXES_Rec

PROVISION FOR INCOME TAXES (Reconciliation of the Company's Effective Tax Rate) (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
PROVISION FOR INCOME TAXES [Abstract]
Federal statutory rate	-26.90%	-26.90%	-26.90%	-26.90%
State income taxes, net of federal benefits	0.00%	0.00%	0.00%	0.00%
Valuation allowance	26.90%	26.90%	26.90%	26.90%
Effective Income Tax Rate, Continuing Operations, Total	0.00%	0.00%	0.00%	0.00%

PROMISSORY_NOTE_Details

PROMISSORY NOTE (Details)

3 Months Ended

9 Months Ended

88 Months Ended

1 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Mar. 31, 2013

Jun. 30, 2011

31-May-11

13-May-11

Aug. 31, 2012

Aug. 03, 2012

USD ($)

Promissory Note One [Member]

Promissory Note Two [Member]

USD ($)

CAD

USD ($)

CAD

Promissory note, original principal

500,000

200,000

Note maturity date

31-May-14

16-Nov-14

Note interest rate

5.00%

12.00%

Interest

1,579

6,964

11,629

7,000

Proceeds from notes payable

193,000

Promissory note outstanding

Loss on conversion of promissory note

125,000

Common shares issued, conversion of note payable

2,500,000

Shares issued

1,000,000

Shares issued, value

3,000

COMMITMENTS_Details

COMMITMENTS (Details) (USD $)	Sep. 30, 2013
COMMITMENTS [Abstract]
2013	$9,600
2014	35,804
2015	22,818
2016	22,818
2017	22,818
Total	$113,858

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	$271,251
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents	271,251
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and cash equivalents

SUBSEQUENT_EVENT_Details

SUBSEQUENT EVENT (Details)	1 Months Ended	2 Months Ended	7 Months Ended	1 Months Ended
	Oct. 31, 2013	Sep. 30, 2013	Dec. 31, 2011	Oct. 31, 2013	Oct. 31, 2013	Oct. 15, 2013
				Subsequent Event [Member]	Subsequent Event [Member]	Subsequent Event [Member]
				USD ($)	CAD	USD ($)
Subsequent Event [Line Items]
Proceeds from private placement				$442,000
Common stock issued, price per share				$0.25
Shares issued in private placement	40,000	440,000	3,350,000	1,768,000	1,768,000
Payments to acquire mineral interests					50,000
Mineral interests, ownership percentage				100.00%	100.00%
Shares issued for acquisition of mineral interests, shares				1,000,000	1,000,000
Shares issued for acquisition of mineral interests, amount				$590,000
Market value share price						$0.59