Note 6 – Mineral Property
On December 12, 2009, the Company purchased two mineral properties and mining equipment in British Columbia, Canada, from a company with common officers through the issuance of 18,000,000 shares. The properties purchased are the Thibert Creek and Dynasty claims and were recorded at the carrying value of the vendor.
On May 16, 2010, the Company made a $10,000 deposit on property known as the McDame property, which includes placer claims #362586 and #363240 located near Cassiar, in the Liard Mining Division of British Columbia, Canada. The Company finalized the purchase of the claims on September 27, 2010 through the issuance of 333,667 shares representing an agreed value of $10,010.
During the year ended June 30, 2011, the Company paid $10,025 in order to keep mineral claims active until June 30, 2011.
During the six months ended December 31, 2011, the Company paid $17,840 in order to keep mineral claims active until October 31, 2013.