| Summary of Significant Accounting Policies (Policies) | 12 Months Ended |
| Oct. 31, 2015 |
| Summary Of Significant Accounting Policies Policies | |
| Accounting Method | The Company's
financial statements are presented in United States dollars and are prepared using the accrual method of accounting which conforms
to generally accepted accounting principles in the United States of America ("US GAAP"). |
| Basic and Diluted Net Income Per Share | Basic
net income per share amounts are computed based on the weighted average number of shares actually outstanding. Diluted net
income per share amounts are computed using the weighted average number of common and common equivalent shares outstanding as
if shares had been issued on the |
| Income Taxes | Income
taxes are provided in accordance with Codification topic 740, "Income Taxes", which requires an asset and liability
approach for the financial accounting and reporting of income taxes. Current income tax expense (benefit) is the amount of income
taxes expected to be payable (receivable) for the current year. A deferred tax asset and/or liability is computed for both the
expected future impact of differences between the financial statement and tax bases of assets and liabilities and for the expected
future tax benefit to be derived from tax loss and tax credit carry forwards. Deferred income tax expense is generally the net
change during the year in the deferred income tax asset and liability. Valuation allowances are established when necessary to
reduce deferred tax assets to the amount expected to be "more likely than not" realized in future tax returns. Tax rate
changes and changes in tax laws are reflected in income in the period such changes are enacted.
Period
Ended Estimated
NOL Carry-Forward NOL Expires Estimated
Tax Benefit
from NOL Valuation Allowance Net
Tax Benefit
2013 $ 21,795 2033 $ 6,539 $ (6,539 ) -
2014 66,303 2034 19,890 (19,890 ) -
2015 34,975 2035 10,493 (10,493 )
$ 123,073 $ 36,922 $ (36,922 ) $ - On
October 31, 2015 the Company had a net operating loss carry forward of $123,073 for income tax purposes. The tax benefit of approximately
$36,922 from the loss carry forward has been fully offset by a valuation allowance. The Company has three open tax years for federal
income tax purposes. Due to the Company's net loss position
from inception on June 17, 2013 to October 31, 2015, there was no provision for income taxes recorded. As a result of the Company's
losses to date, there exists doubt as to the ultimate realization of the deferred tax assets. Accordingly, a valuation allowance
equal to the total deferred tax assets has been recorded at October 31, 2015. |
| Long-lived Assets | Long-Lived
assets, such as property and equipment, mineral properties, and purchased intangibles with finite lives (subject to amortization),
are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not
be recoverable in accordance with Codification topic 360 "Property, Plant, and Equipment". Circumstances which could
trigger a review include, but are not limited to: significant decreases in the market price of the asset; significant adverse
changes in the business climate or legal factors; accumulation of costs significantly in excess of the amount originally expected
for the acquisition or construction of the asset; current period cash flow or operating losses combined with a history of losses
or a forecast of continuing losses associated with the use of the asset; and current expectation that the asset will more likely
than not be sold or disposed significantly before the end of its estimated useful life. Recoverability
of assets is measured by a comparison of the carrying amount of an asset to estimated undiscounted future cash flows
expected to be generated by an asset. If the carrying amount of an asset exceeds its estimated future cash flows, an
impairment charge is recognized as the amount by which the carrying amount exceeds the estimated fair value of the asset. The
estimated fair value is determined |
| Foreign Currency Translations | The
books of the Company are maintained in United States dollars and this is the Company's functional and reporting currency. Transactions
denominated in other than the United States dollar are translated as follows with the related transaction gains and losses being
recorded in the Statement of Operations: Monetary
items are recorded at the rate of exchange prevailing as at the balance sheet date; Non-Monetary
items including equity are recorded at the historical rate of exchange; and Revenues and
expenses are recorded at the period average in which the transaction occurred. |
| Revenue Recognition | Revenue from
the sale of minerals will be recognized when a contract is in place and minerals are delivered to the customer. |
| Mineral claim acquisition and exploration costs | The
cost of acquiring mineral properties or claims is initially capitalized and then tested for recoverability whenever events or
changes in circumstances indicate that its carrying amount may not be recoverable. Mineral exploration costs are expensed as incurred. |
| Advertising and Market Development | The
company expenses advertising and market development costs as incurred. |
| Fair Value of Financial Instruments | Codification
topic 825, "Financial Instruments", requires disclosure of fair value information about financial instruments when it
is practicable to estimate that value. The carrying amounts of the Company's financial instruments as of October 31, 2015 approximate
their respective fair values because of the short-term nature of these instruments. |
| Estimates and Assumptions | Management
uses estimates and assumptions in preparing financial statements in accordance with general accepted accounting principles. Those
estimates and assumptions affect the reported amounts of the assets and liabilities, the disclosure of contingent assets and liabilities,
and the reported revenues and expenses. Actual results could vary from the estimates that were assumed in preparing these financial
statements. |
| Statement of Cash Flows | For
the purposes of the statement of cash flows, the Company considers all highly liquid investments with a maturity of three months
or less to be cash equivalents. |
| Recent Accounting Pronouncements | The
Company reviews new accounting standards as issued. No new standards had any material effect on these financial statements, except
for changes in reporting Development Stage Enterprises. The accounting pronouncements issued subsequent to the date of these financial
statements that were considered significant by management were evaluated for the potential effect on these consolidated financial
statements. Management does not believe any of the subsequent pronouncements will have a material effect on these consolidated
financial statements as presented and does not anticipate the need for any future restatement of these consolidated financial
statements because of the retro-active application of any accounting pronouncements issued subsequent to October 31, 2015 through
the date these financial statements were issued. On June 10,
2014 the FASB issued authoritative guidance which eliminates the concept of a development stage entity, which includes exploration
stage. The incremental reporting requirements for presenting the development stage operations and cash flows since inception will
no longer apply to exploration stage entities. The amendments related to the elimination of inception-to-date information and
the other remaining disclosure requirements of Topic 915 are to be applied retrospectively and are effective for fiscal years
beginning after December 15, 2014. The Company previously had been considered an exploration stage entity as its operations had
not begun and has elected early adoption of this guidance effective with this filing. |
