10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

[X]	ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended		April 30, 2013
[   ]	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from     [________] to [________]
Commission file number     000-30230

General Metals Corporation 

(Exact name of registrant as specified in its charter)

Delaware	65-0488983
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)

1155 West Fourth Street, Suite 210 Reno, NV	89503
(Address of principal executive offices)	(Zip Code)
Registrant's telephone number, including area code: 775-583-4636

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Name of Each Exchange On Which Registered
N/A	N/A

Securities registered pursuant to Section 12(g) of the Act:

N/A

(Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 the Securities Act.
	Yes ☐  No ☒
Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act
	Yes ☐  No ☒

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the last 90 days.
	Yes  ☒ No ☐

1

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-K (§229.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).
	Yes  ☒ No ☐
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter)  is not contained herein, and will not be contained, to the best of registrant's knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K.
	☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☒

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).
	Yes ☐  No ☒

The aggregate market value of Common Stock held by non-affiliates of the Registrant on October 31, 2012 was $7,464,070 based on a $0.0214 closing price for the Common Stock on October 31, 2012. For purposes of this computation, all executive officers and directors have been deemed to be affiliates. Such determination should not be deemed to be an admission that such executive officers and directors are, in fact, affiliates of the Registrant.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock as of the latest practicable date.

348,796,328 shares of common stock issued & outstanding as of July 25, 2013

2

DOCUMENTS INCORPORATED BY REFERENCE

None.

TABLE OF CONTENTS

Item 1.	Business	4
Item 1A.	Risk Factors	6
Item 2.	Properties	10
Item 3.	Legal Proceedings	12
Item 4.	Submissions of Matters to a Vote of Security Holders	13
Item 5.	Market for Common Equity and Related Stockholder Matters	13
Item 6.	Selected Financial Data	14
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	14
Item 7A.	Quantitative and Qualitative Disclosures About Market Risk	21
Item 8.	Financial Statements and Supplementary Data	21
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	40
Item 9A (T).	Controls and Procedures	40
Item 9B.	Other Information	41
Item 10.	Directors, Executive Officers and Corporate Governance	41
Item 11.	Executive Compensation	47
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	49
Item 13.	Certain Relationships and Related Transactions, and Director Independence	49
Item 14.	Principal Accountants Fees and Services	50
Item 15.	Exhibits, Financial Statement Schedules	50

3

PART I

Item 1.     Business

This annual report contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expects”, “plans”, “anticipates”, “believes”, “estimates”, “predicts”, “potential” or “continue” or the negative of these terms or other comparable terminology. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, including the risks in the section entitled “Risk Factors”, that may cause our or our industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Except as required by applicable law, including the securities laws of the United States, we do not intend to update any of the forward-looking statements to conform these statements to actual results.

Our financial statements are stated in United States Dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

In this annual report, unless otherwise specified, all dollar amounts are expressed in United States Dollars and all references to “common shares” refer to the common shares of our capital stock.

As used in this annual report, the terms “we”, “us”, “our company”, mean General Metals Corporation a Delaware corporation and our subsidiary, General Gold Corporation, a Nevada corporation, unless otherwise indicated.

Corporate History

We were organized in the State of New Jersey on March 4, 1995 under the name Interactive Multimedia Network, Inc.  We were reincorporated in the State of Delaware on September 13, 1995.  We changed our name to RECOV Energy Corp. effective March 29, 2005.  On or about January 12, 2006 we changed our name to General Metals Corporation.

On January 20, 2006, we entered into a Share Purchase Agreement with General Gold Corporation, a Nevada company incorporated on July 17, 1998, and the former shareholders of General Gold set out in the Agreement.  The closing of the transactions contemplated in the Agreement and the acquisition by our company of all of the issued and outstanding and convertible securities of General Gold occurred on March 15, 2006.

Our business office is located at 1155 West Fourth Street, Suite 210, Reno, NV 89503. This is our mailing address as well. Our telephone number is 775-583-4636.

4

Our Current Business

We are a junior mineral resource company engaged in the acquisition, exploration, development and mining of gold, silver and other precious and base metal properties.

In April 2005, we acquired through the assignment of a lease certain unpatented mining claims located in the Battle Mountain District, Lander County, State of Nevada, as more particularly described in the lease, known also as the “Independence Mine”. In August 2007 we expanded the Independence Mine by adding four mining claims and 2 additional easements.  These claims cover the area where the existing cyanide decantation mill and operating facilities are currently sited and the area where the Pioneer haul road to and from the Sunshine pit crosses the Independence claims; specifically, Independence #1, #2, DC#83 and An Old Glory.  Since acquiring the lease, and additional mining claims and easements, our exploration and development activities have been focused on getting the Independence Mine into production.  See Item 2 Properties for a more detailed discussion.

Competition

The mining industry is intensely competitive. We compete with numerous individuals and companies, including many major mining companies, which have substantially greater technical, financial and operational resources and staffs. Accordingly, there is a high degree of competition for access to funds. There are other competitors that have operations in the area and the presence of these competitors could adversely affect our ability to compete for financing and obtain the service providers, staff or equipment necessary for the exploration and exploitation of our properties.

Compliance with Government Regulation

Mining operations and exploration activities are subject to various national, state, provincial and local laws and regulations in the United States, as well as other jurisdictions, which govern prospecting, development, mining, production, exports, taxes, labor standards, occupational health, waste disposal, protection of the environment, mine safety, hazardous substances and other matters.

We believe that we are and will continue to be in compliance in all material respects with applicable statutes and the regulations passed in the United States. There are no current orders or directions relating to our company with respect to the foregoing laws and regulations.

Employees

Currently our only employee is our president. We do not expect any material changes in the number of employees over the next 12 month period. We do and will continue to outsource contract employment as needed.

Going Concern

We anticipate that additional funding will be required in the form of equity financing from the sale of our common stock.  At this time, we cannot provide investors with any assurance that we will be able to raise sufficient funding from the sale of our common stock or through a loan from our directors to meet our obligations over the next twelve months. We do not have any arrangements in place for any future equity financing.

Subsidiaries

General Gold Corporation, a Nevada corporation is our wholly owned subsidiary.

REPORTS TO SECURITY HOLDERS

We are not required to deliver an annual report to our stockholders but will voluntarily send this form 10-K report which includes our annual audited financial statements upon request.  We are required to file annual, quarterly and current reports, proxy statements, and other information with the Securities and Exchange Commission.  Our Securities and Exchange Commission filings are available to the public over the Internet at the SEC's website at http://www.sec.gov.

5

The public may read and copy any materials filed by us with the SEC at the SEC's Public Reference Room at 100 F Street, NE, Washington DC  20549. The public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.  We are an electronic filer.  The SEC maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the SEC.  The Internet address of the site is http://www.sec.gov.

Item 1A.     Risk Factors

Much of the information included in this annual report includes or is based upon estimates, projections or other “forward looking statements”. Such forward looking statements include any projections and estimates made by us and our management in connection with our business operations. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results may vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested herein.

Such estimates, projections or other “forward looking statements” involve various risks and uncertainties as outlined below. We caution the reader that important factors in some cases have affected and, in the future, could materially affect actual results and cause actual results to differ materially from the results expressed in any such estimates, projections or other “forward looking statements”.

Risks Related To Our Business:

We do not expect positive cash flow from operations in the near term. If we are unable to obtain financing in the amounts and on terms deemed acceptable to us, we may be unable to continue our business and as a result may be required to scale back or cease operations for our business.

We do not expect positive cash flow from operations in the near term. There is no assurance that actual cash requirements will not exceed our estimates. In particular, additional capital may be required in the event that:

- drilling, exploration and completion costs for our Independence mine project increase beyond our expectations; or

- we encounter greater costs associated with general and administrative expenses or offering costs.

The occurrence of any of the aforementioned events could adversely affect our ability to meet our business plans.

We will depend almost exclusively on outside capital to pay for the continued exploration and development of our properties. Such outside capital may include the sale of additional stock and/or commercial borrowing. We can provide no assurances that any financing will be successfully completed.

Capital may not continue to be available if necessary to meet these continuing development costs or, if the capital is available, that it will be on terms acceptable to us. The issuance of additional equity securities by us would result in a significant dilution in the equity interests of our current stockholders. Obtaining commercial loans, assuming those loans would be available, will increase our liabilities and future cash commitments.

If we are unable to obtain financing in the amounts and on terms deemed acceptable to us, we may be unable to continue our business and as a result may be required to scale back or cease operations for our business, the result of which would be that our stockholders would lose some or all of their investment.

We have a limited operating history and if we are not successful in continuing to grow our business, then we may have to scale back or even cease our ongoing business operations.

We have no history of revenues from operations and limited tangible assets. We have yet to generate positive earnings and there can be no assurance that we will ever operate profitably. Our company has a limited operating history and must be considered in the development stage. The success of our company is significantly dependent on a successful acquisition, drilling, completion and production program. Our company’s operations will be subject to all the risks inherent in the establishment of a developing enterprise and the uncertainties arising from the absence of a significant operating history. We may be unable to locate recoverable reserves or operate on a profitable basis. We are in the development stage and potential investors should be aware of the difficulties normally encountered by enterprises in the development stage. If our business plan is not successful, and we are not able to operate profitably, investors may lose some or all of their investment in our company.

6

Because of the early stage of development and the nature of our business, our securities are considered highly speculative.

Our securities must be considered highly speculative, generally because of the nature of our business and the early stage of its development. We are engaged in the business of exploring and, if warranted, developing commercial reserves of gold and silver. Our properties are in the exploration stage only and are without known reserves of gold and silver. Accordingly, we have not generated any revenues nor have we realized a profit from our operations to date and there is little likelihood that we will generate any revenues or realize any profits in the short term. Any profitability in the future from our business will be dependent upon locating and developing economic reserves of gold, silver or other minerals, which itself is subject to numerous risk factors as set forth herein. Since we have not generated any revenues, we will have to raise additional monies through the sale of our equity securities or debt in order to continue our business operations.

As our properties are in the exploration and development stage there can be no assurance that we will establish commercial discoveries on our properties.

Exploration for mineral reserves is subject to a number of risk factors. Few properties that are explored are ultimately developed into producing mines. Our properties are in the exploration and development stage only and are without proven reserves. We may not establish commercial discoveries on any of our properties.

Because of the unique difficulties and uncertainties inherent in mineral exploration ventures, we face a high risk of business failure.

Potential investors should be aware of the difficulties normally encountered by new mineral exploration companies and the high rate of failure of such enterprises. The likelihood of success must be considered in light of the problems, expenses, difficulties, complications and delays encountered in connection with the exploration of the mineral properties that we plan to undertake. These potential problems include, but are not limited to, unanticipated problems relating to exploration, and additional costs and expenses that may exceed current estimates. The expenditures to be made by us in the exploration of the mineral claim may not result in the discovery of mineral deposits. Problems such as unusual or unexpected formations and other conditions are involved in mineral exploration and often result in unsuccessful exploration efforts. If the results of our exploration programs do not reveal viable commercial mineralization, we may decide to abandon our claim and acquire new claims for new exploration. The acquisition of additional claims will be dependent upon us possessing capital resources at the time in order to purchase such claims. If no funding is available, we may be forced to abandon our operations.

Because of the speculative nature of exploration of mineral properties, there is no assurance that our exploration activities will result in the discovery of new commercially exploitable quantities of minerals.

We plan to continue exploration on our mineral properties. The search for valuable minerals as a business is extremely risky. We can provide investors with no assurance that additional exploration on our properties will establish that additional commercially exploitable reserves of precious metals on our properties. Problems such as unusual or unexpected geological formations or other variable conditions are involved in exploration and often result in exploration efforts being unsuccessful. The additional potential problems include, but are not limited to, unanticipated problems relating to exploration and attendant additional costs and expenses that may exceed current estimates. These risks may result in us being unable to establish the presence of additional commercial quantities of ore on our mineral claims with the result that our ability to fund future exploration activities may be impeded.

Because we anticipate our operating expenses will increase prior to our earning revenues, we may never achieve profitability.

7

Prior to completion of our exploration stage, we anticipate that we will incur increased operating expenses without realizing any revenues. We therefore expect to incur significant losses into the foreseeable future. We recognize that if we are unable to generate significant revenues from the exploration of our mineral claims, we will not be able to earn profits or continue operations. There is no history upon which to base any assumption as to the likelihood that we will prove successful, and we can provide no assurance that we will generate any revenues or ever achieve profitability. If we are unsuccessful in addressing these risks, our business will most likely fail.

Because of the inherent dangers involved in mineral exploration, there is a risk that we may incur liability or damages as we conduct our business.

The search for valuable minerals involves numerous hazards. As a result, we may become subject to liability for such hazards, including pollution, cave-ins and other hazards against which we cannot insure or against which we may elect not to insure. At the present time we have no coverage to insure against these hazards. The payment of such liabilities may have a material adverse effect on our financial position.

If our exploration costs are higher than anticipated, then our profitability will be adversely affected.

We are currently proceeding with exploration of our mineral properties on the basis of estimated exploration costs. If our exploration costs are greater than anticipated, then we will not be able to carry out all the exploration of the properties that we intend to carry out. Factors that could cause exploration costs to increase are: adverse weather conditions, difficult terrain and shortages of qualified personnel.

As we face intense competition in the mining industry, we will have to compete with our competitors for financing and for qualified managerial and technical employees.

The mining industry is intensely competitive in all of its phases. Competition includes large established mining companies with substantial capabilities and with greater financial and technical resources than we have. As a result of this competition, we may be unable to acquire additional attractive mining claims or financing on terms we consider acceptable. We also compete with other mining companies in the recruitment and retention of qualified managerial and technical employees. If we are unable to successfully compete for financing or for qualified employees, our exploration and development programs may be slowed down or suspended.

As we undertake exploration of our mineral claim, we will be subject to compliance with government regulation that may increase the anticipated cost of our exploration program.

There are several Federal and State governmental regulations that materially restrict mineral exploration. We will be subject to the laws of the State of Nevada and the regulations of the Bureau of Land Management as we carry out our exploration programs. We may be required to obtain work permits, post bonds and perform remediation work for any physical disturbance to the land in order to comply with these laws. While our planned exploration program budgets for regulatory compliance, there is a risk that new regulations could increase our costs of doing business and prevent us from carrying out our exploration program.

Any change to government regulation/administrative practices may have a negative impact on our ability to operate and our profitability.

The laws, regulations, policies or current administrative practices of any government body, organization or regulatory agency in the United States or any other jurisdiction, may be changed, applied or interpreted in a manner which will fundamentally alter the ability of our company to carry on our business.

The actions, policies or regulations, or changes thereto, of any government body or regulatory agency, or other special interest groups, may have a detrimental effect on us. Any or all of these situations may have a negative impact on our ability to operate and/or our profitably.

Our By-laws contain provisions indemnifying our officers and directors against all costs, charges and expenses incurred by them.

8

Our By-laws contain provisions with respect to the indemnification of our officers and directors against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, actually and reasonably incurred by him, including an amount paid to settle an action or satisfy a judgment in a civil, criminal or administrative action or proceeding to which he is made a party by reason of his being or having been one of our directors or officers.

Investors' interests in our company will be diluted and investors may suffer dilution in their net book value per share if we issue additional shares for significant amount of services or raise funds through the sale of equity securities.

Our constating documents authorize the issuance of 500,000,000 shares of common stock with a par value of $0.001 and 50,000,000 preferred shares with a par value of $0.001. In the event that we are required to issue any additional shares or enter into private placements to raise financing through the sale of equity securities, investors' interests in our company will be diluted and investors may suffer dilution in their net book value per share depending on the price at which such securities are sold. If we issue any such additional shares, such issuances also will cause a reduction in the proportionate ownership and voting power of all other shareholders. Further, any such issuance may result in a change in our control.

Some of our directors and officers are residents of countries other than the United States and investors may have difficulty enforcing any judgments against such persons within the United States.

Some of our directors and officers are nationals and/or residents of countries other than the United States, and all or a substantial portion of such persons’ assets are located outside the United States. As a result, it may be difficult for investors to enforce within the United States any judgments obtained against our company or our officers or directors, including judgments predicated upon the civil liability provisions of the securities laws of the United States or any state thereof.

Risks Associated With Our Common Stock:

Our stock is a penny stock. Trading of our stock may be restricted by the Securities and Exchange Commission’s penny stock regulations and the Financial Industry Regulatory Authority’s sales practice requirements, which may limit a stockholder's ability to buy and sell our stock.

Our stock is a penny stock. The Securities and Exchange Commission has adopted Rule 15g-9 which generally defines "penny stock" to be any equity security that has a market price (as defined) less than $5.00 per share or an exercise price of less than $5.00 per share, subject to certain exceptions. Our securities are covered by the penny stock rules, which impose additional sales practice requirements on broker-dealers who sell to persons other than established customers and "accredited investors". The term "accredited investor" refers generally to institutions with assets in excess of $5,000,000 or individuals with a net worth in excess of $1,000,000 or annual income exceeding $200,000 or $300,000 jointly with their spouse. The penny stock rules require a broker-dealer, prior to a transaction in a penny stock not otherwise exempt from the rules, to deliver a standardized risk disclosure document in a form prepared by the Securities and Exchange Commission which provides information about penny stocks and the nature and level of risks in the penny stock market. The broker-dealer also must provide the customer with current bid and offer quotations for the penny stock, the compensation of the broker-dealer and its salesperson in the transaction and monthly account statements showing the market value of each penny stock held in the customer's account. The bid and offer quotations, and the broker-dealer and salesperson compensation information, must be given to the customer orally or in writing prior to effecting the transaction and must be given to the customer in writing before or with the customer's confirmation. In addition, the penny stock rules require that prior to a transaction in a penny stock not otherwise exempt from these rules, the broker-dealer must make a special written determination that the penny stock is a suitable investment for the purchaser and receive the purchaser's written agreement to the transaction. These disclosure requirements may have the effect of reducing the level of trading activity in the secondary market for the stock that is subject to these penny stock rules. Consequently, these penny stock rules may affect the ability of broker-dealers to trade our securities. We believe that the penny stock rules discourage investor interest in and limit the marketability of our common stock.

9

In addition to the "penny stock" rules promulgated by the Securities and Exchange Commission, the Financial Industry Regulatory Authority has adopted rules that require that in recommending an investment to a customer, a broker-dealer must have reasonable grounds for believing that the investment is suitable for that customer. Prior to recommending speculative low priced securities to their non-institutional customers, broker-dealers must make reasonable efforts to obtain information about the customer's financial status, tax status, investment objectives and other information. Under interpretations of these rules, the Financial Industry Regulatory Authority believes that there is a high probability that speculative low priced securities will not be suitable for at least some customers. The Financial Industry Regulatory Authority requirements make it more difficult for broker-dealers to recommend that their customers buy our common stock, which may limit your ability to buy and sell our stock.

Item 1B.     Unresolved Staff Comments

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 2.      Properties

On April 28, 2009, we purchased a 480 acre of private land which will be used for mineral processing, equipment storage and maintenance.  The full purchase price was $67,767 with 30% down and the balance by way of seller financing carries an interest rate of 10% per annum for a period of 10 years with quarterly payments of $1,874 amortized over 10 years with no pre-payment penalty. Legal Description: Township 30 North, Range 43 East, M.D.M., Section 17 N/2, SW/4 comprising 480 acres.

Our principal business offices are located 1155 West Fourth Street, Suite 210, Reno, NV 89503. We currently lease our space at an annual cost of $1. We believe that our current lease arrangements provide adequate space for our foreseeable future needs.

The Independence Mine Property

We currently control a 100% undivided leasehold interest in the Wilson-Independence Gold – Silver Mine, situated in the Battle Mountain Mining District, Lander County, Nevada. The property consists of 14 whole and fractional mining claims encompassing 240 acres.  Due diligence completed by our company shows that all claims are valid and in good standing through and for the assessment year ending August 31, 2013.

The Wilson-Independence project is wholly owned by General Metals through its subsidiary company General Gold Corporation under a mining lease/option agreement with Independence Gold Silver Mines, Inc. of Seattle, Washington.

The term of the lease is for a period of 20 years commencing October 1, 2005. There is a production royalty payable for the sale of all gold, silver or platinum based upon the average daily price of gold on the London Metal Exchange. With the current market price for gold, the royalty rate payable is 5%. There is also a production royalty of 3% payable on the sale of all substances other than gold, silver and platinum. In addition, any future production is subject to a 1% net smelter royalty obligation payable to Gold Range, LLC.  The advance minimum royalty payment are $65,000 each April 1st and October 1st through April 1, 2014.

We have the option to purchase from Independence Gold Silver Mines, Inc. the production royalty down to 1.875% for $3.0 million within 10 years of the date the lease commenced provided all obligations have been met.

10

Location and Access

All infrastructure necessary for the exploration, development and operation of a mine is readily available. The property is accessed via federal, state and county maintained all weather paved and gravel roads from the nearby town of Battle Mountain. A well-trained work force is available in the town of Battle Mountain, situated 30 miles north of the property along Interstate highway 80. Adequate ground water is available for diversion for future mining operations which enjoy special treatment as temporary or interim uses under Nevada water laws. Electrical power has recently been extended to within one mile of the project to service the Phoenix project, and the transcontinental natural gas line passes within 1.5 miles of the property.

The property has been the site of intermittent historic exploration and mining activities since the late 1920s. Past mining operations extracted 65,000 tons of high grade gold and silver ores from the property. The bulk of this activity occurred during two periods, the first from high grade ores shipped for direct smelting during the late 1940s and early 1950s, and a second from 1975 to 1983 when a significant amount of underground development took place, and a mill erected on the property.

The Independence Mines property consists of 14 whole and fractional unpatented lode mining claims, which cover approximately 240 acres.

Core and reverse circulation drilling to date indicate two targets. These two targets are referred to as the Independence Deep (A Target), and the Independence Surface (B Target). Historic mining operations have generated in excess of 70,000 tons of waste dumps, mill tailings, and other waste rock products on the property. Samples of this material contain gold and silver values which suggest potential to recover gold and silver values.

The Wilson-Independence Property covers a mineralized zone on strike with the World Class, Fortitude / Phoenix Gold Skarn Deposit. The property has potential to develop a high grade underground resource in the Antler Sequence, together with a shallow, near surface resource in the overlying Pumpernickel Formation. Situated at the intersection of the Battle Mountain-Eureka Gold Trend and the Northern Nevada Rift (Twin Creeks-McCoy lineament), the Independence Project, like Fortitude and Cove/McCoy, is one of a number of Gold Skarns which occur along the Battle Mountain – Eureka and Northern Nevada Rift Zone mineral lineaments.

11

Mineralized outcrops are common on the property. Many on the southern part of the property have been prospected by shallow prospect shafts, pits and trenches. In addition, over 100 Reverse Circulation and Core holes, and extensive shallow underground mine workings in the Independence Mine indicate wide spread, shallow, near surface mineralization which we feel represents a valid exploration target for potential future surface, bulk mining operations

Historic drilling and underground mine workings indicate wide spread mineralization, both in shallow, near surface, and deep targets. There are presently no identified reserves on the property. We have conducted a phased exploration programs to evaluate the mineral potential of this property, with the objective of identifying and developing mineral resources and reserves reportable under SEC Industry Guide 7.

Independence Deep Target

A large body of mineralized material is clearly indicated by previous drilling in the Deep Target. We completed interpretation of the logs and geologic modeling in the fall of 2009 which identified mineralized material in the deep target. We retained all of the core samples, approximately 25,000 feet, and stored it on site.

Mineralization identified in the deep target to date is contained in the lower plate of the Golconda Thrust in rocks of the Battle Mountain and Edna Formations of the Antler Sequence.

Independence Shallow Target

Promising shallow and near surface mineralization has been identified. The Shallow Target contains an oxide target hosted entirely in the Pumpernickel Formation. To date over 130 drill holes and roughly eight (8) miles of underground workings have penetrated portions of this target, all of which have encountered highly anomalous to high grade mineralization. The principle limiting factor for surface/ shallow resources has been the lack of drilling information.  In addition, review of the work done by those which held interests in the property previously has identified  a total of 8 shallow near surface mineralized targets on the property with 4 of those being north of the Canyon Fault and 3 others where no mining has been performed and minimal geologic sampling and drilling work completed.  To date, we have spent over $3.1 million drilling, sampling and evaluating these targets.  A report on the detailed review of these targets and the results of the exploration and development program follows in Item 7 Management's Discussion and Analysis or Plan of Operation.

Independence Hill Zone

The Hill Zone, discovered in 2008, is a large, highly mineralized area north of the Canyon Fault and the Independence Shallow Target. Unlike the Independence Shallow Target, there is no historic mining in the high grade areas of the Hill zone, so all the mineral is still in place. This discovery significantly enhances the mineral potential of the 60% of the property which lies north of the Canyon Fault.  Drilling in the Hill Zone indicates three parallel zones of mineralization, each of which is comparable in width and grade to the single mineralized zone found in the Independence Shallow Target to the south.

Mill & Building On Site

We determined that the equipment is of no real value to the future operations of the Company and had the mill building removed in July 2011.  There are a couple of block buildings and two sheds on the property currently being used for our exploration and development program.  These buildings will be removed during the initiation of production activities.

Mineral Ownership

The Wilson-Independence claims are 100% controlled by our Company.

Item 3.     Legal Proceedings

We know of no material, existing or pending legal proceedings against us, nor are we involved as a plaintiff in any material proceeding or pending litigation. There are no proceedings in which any of our directors, officers or affiliates, or any registered or beneficial shareholder, is an adverse party or has a material interest adverse to our Company.

12

Item 4.     Submissions of Matters to a Vote of Security Holders

There were no matters submitted to a vote of our security holders either through solicitation of proxies or otherwise in the fourth quarter of the fiscal year ended April 30, 2013.

PART II

Item 5.     Market for Common Equity and Related Stockholder Matters

The high and low bid prices of our common stock for the periods indicated below are as follows:

National Association of Securities Dealers OTC Bulletin Board(1)

Quarter Ended	High		Low
April 30, 2013	$	0.0155	$	0.0120
January 31, 2013	$	0.0200	$	0.0180
October 31, 2012	$	0.0214	$	0.0190
July 31, 2012	$	0.0200	$	0.0120
April 30, 2012	$	0.0200	$	0.0175
January 31, 2012	$	0.0280	$	0.0230
October 31, 2011	$	0.0210	$	0.0160
July 31, 2011	$	0.0260	$	0.0260

(1) Over-the-counter market quotations reflect inter-dealer prices without retail mark-up, mark-down or commission, and may not represent actual transactions.

Our shares of common stock are issued in registered form.  The registrar and transfer agent for our shares of common stock is Nevada Agency and Transfer Company, 50 West Liberty Street, Suite 880, Reno, NV 89501 (Telephone: 1-775-322 0626; Facsimile: 1-775-322 5623). On July 25, 2013, the list of stockholders for our shares of common stock showed 350 registered stockholders and 348,796,328 shares of common stock outstanding.

Dividends

We have not declared any dividends on our common stock since the inception of our company on March 4, 1995.  There is no restriction in our Articles of Incorporation and Bylaws that will limit our ability to pay dividends on our common stock.  However, we do not anticipate declaring and paying dividends to our shareholders in the near future.

Equity Compensation Plan Information

We have no formal authorized Equity Compensation Plans.  The Board grants warrants and/or stock when it deems appropriate.  There were no options, warrants, or rights granted to our Officers and Directors during the last two fiscal years and no securities remaining for future issuance under equity compensation plans.

Outstanding Equity Awards at Fiscal Year-End

There are no outstanding equity awards, vested options, or stock awards outstanding as of April 30, 2013.

Purchase of Equity Securities by the Issuer and Affiliated Purchasers

13

We did not purchase any of our shares of common stock or other securities during the year ended April 30, 2013.

Recent Sales of Unregistered Securities

The table below summarized the issuance of shares during the year ended April 30, 2013

Description	# of shares
Common Stock Issued for services at $0.0149		800,000
Common Stock Issued for Cash at $0.015 in Private Placement		28,454,494
Common Stock Issued for Cash at $0.0175 in Private Placement		25,714
Common Stock Issued for services at $0.0195		1,381,414
Common Stock Issued for services at $0.027		130,000
Common Stock Issued for services at $0.0206		1,307,557
Common Stock Issued for services at $0.02		3,025,000
Common Stock Issued for services at $0.022		1,590,952
Common Stock Issued for services at $0.024		2,000,000
Common Stock Issued for services at $0.0213		1,911,783
Common Stock Issued for services at $0.019		384,925
Common Stock Issued for services at $0.0169		1,420,904
Common Stock Issued for services at $0.0132		8,000,000
Common Stock Issued for services at $0.025		969,364
Common Stock Issued for services at $0.021		2,141,284
Common Stock Issued for services at $0.016		1,057,705
Total		54,601,096

We issued the securities to accredited investor pursuant to exemptions from registration as set out in Rule 506 of Regulation D and/or Section 4(2) of the Securities Act of 1933, as amended.

Item 6.     Selected Financial Data

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 7.     Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion should be read in conjunction with our audited financial statements and the related notes for the years ended April 30, 2013 and April 30, 2012 that appear elsewhere in this annual report.  The following discussion contains forward-looking statements that reflect our plans, estimates and beliefs.  Our actual results could differ materially from those discussed in the forward looking statements.  Factors that could cause or contribute to such differences include, but are not limited to those discussed below and elsewhere in this registration statement, particularly in the section entitled "Risk Factors" beginning on page 7 of this annual report.

 Our audited financial statements are stated in United States Dollars and are prepared in accordance with United States Generally Accepted Accounting Principles.

Successes and Accomplishments Fiscal Year 2013

During fiscal year 2013, we

● identified and reviewed several funding options and proposals including discussions with a number of different companies investment banks about transactions to provide the funds to bring the Independence Project to the brink of production.

14

● negotiated and agreed to a Letter of Intent with Open Gold Corp. on a transaction to bring $2.0 million in funding to advance the Independence Project. See Form 8-K filed February 1, 2013

● completed the definitive agreement with Open Gold Corp. envisioned in the LOI identified above. See Form 8-K filed May 23, 2013. On August 12, 2013, the closing date per the agreement, we agreed to negotiate an extension to the agreement.

● completed a small extractive metallurgical study to determine a method to increase the recovery of silver from the ore.

● received $427,429 in funding during the year from private placements of our stock.  Since year end we have obtained an additional $57,250 in funding and funding commitments.

● reviewed a draft Preliminary Economic Assessment for the Independence Project (PEA) which evaluates the current economic parameters of the property within a plus or minus 50% variability determining that additional data needed to be acquired before the PEA could be properly completed.

● resubmitted the updated Technical report in the Canadian National Instrument 43-101 format from the qualified person to the Toronto Ventures Exchange (TSX-V) responding to a second letter of requested clarifications from TSX-V.  Approval has been delayed because the Company did not file the listing application due to the discussions described above.

Plan of Operation

Fiscal Year 2014 –Permitting and Development Program

During fiscal year 2014, the Company is aggressively pursuing funding of $3.0 million or more to progress the Independence project to the brink of production.  Recently, we updated the Independent Technical Report in the Canadian National Instrument 43-101 format including answers to the review points previously received to Canadian authorities for submission and approval as part of the Open Gold Transaction.  This report does not meet SEC Industry Guide 7 guidelines but will provide information in a familiar format for our Canadian and European investors.

Dyer Engineering of Reno, Nevada continues the permitting process necessary to place the Independence Mine into commercial production.  Assuming adequate funding can be obtained, the process will take from 8 to 16 months from submission of our Plan of Operations to the BLM depending on whether the BLM determines whether an Environmental Assessment or an Environmental Impact Statement is required.

We anticipate being able to secure necessary permits to allow us to proceed to production.   We anticipate initially mining the Hill Zone and are completing all necessary work to be able to finalize permits to allow us to begin there.  Additional drilling and assaying planned to further delineate the Hill Zone mineralization will allow us to maximize our cash flows early in the production cycle.

Independence Shallow Target Area

Our drilling program during calendar years 2007 through 2010 confirmed a large body of near surface oxide mineralization over a strike length of more than 4,100 feet and discovered the new Hill Zone.  Mineralization is open to depth and along strike to the north.  We completed 38,950 feet in 128 drill holes. Holes range from vertical to 45 degrees easterly and vary from 25 to 580 feet deep averaging 304 feet in depth.  Drilling in the northern part of the target in drill hole GM 128 intercepted Drilling encountered a 15 foot (4.6 meter) zone estimated to represent the approximate true thickness of high grade gold -- silver mineralization which averaged 1.033 ounces per ton (opt) or 39.04 grams per metric tonne (g/T) gold equivalent (Au Equiv) from 310 to 325 feet (94.5 -- 99.1 meters). This bonanza grade intercept is contained within a much larger 230 foot (70.1 meter) intercept which averages 0.083 opt (3.14 g/T) Au Equiv from 295 to 525 feet (89.9 -- 160.1 meters).  This intercept is believed to represent a high grade fluid conduit or a potential high grade mineralized zone similar to those mined historically from the Independence Mine. Mineralization in the Independence Target is open down dip to the west and to the north as well as up slope to the east.

15

Mineralized drill intercepts correlated well up and down dip and along strike from section to section.  The interpretation is supported by accessible mine workings.  Potentially surface bulk mineable mineralization in the Company’s drill intercepts is consistently wider than anticipated from underground mapping and sampling results.

The mineralized zone intersected in drilling typically consists of a higher grade core surrounded be a broad halo of low grade which is often 100 to 200 feet wide.  All mineralization encountered is thoroughly oxidized throughout the zones being tested.  Exposures in historic mine workings suggest the mineralization is oxidized to depths of more than 400 feet below the present surface and has a high degree of continuity along strike and down dip.

Results including grade, width, and oxide nature of mineralization, indicate excellent potential for a low cost, open pit heap leach operation with near term production potential for which planning permitting studies are underway.

The orientation of the mineralized zone at the Independence allows the Company to drill holes which are roughly perpendicular to mineralization, resulting in drill intercepts which are believed to represent approximate true thickness.

Geochemical and structural modeling of the property indicates that mineralization may extend northerly on the Company’s property for more than 5,000 feet in the direction of the Sunshine Open Pit Mine formerly operated by Battle Mountain Gold Corp., now Newmont Mining.

Hill Zone

The Hill Zone was discovered as a part of the ongoing integration of current drill and analytical data with the historic geologic, geochemical and mining data. Historically, mineralization at the Independence mine was believed to be terminated to the north by the Canyon fault. Interpretation of General Metals drilling in the Independence target and historic gold-silver surface sampling data indicated the offset of the Canyon fault to be minimal and projected the favorable hosts and the mineralized zone to continue north of the Canyon Fault.  Drilling has extended the gold-silver mineralization an additional 1,000 feet to the north.  Although the indicated width and thickness of the Hill Zone mineralization is similar to the Independence target, mineralization remains open to the west, north east and at depth. Drilling results from previous operators suggest the Hill Zone mineralization may be significantly wider than that in the Independence target.

The following budget outline is anticipated to be necessary to move the Independence Project forward to the brink of production in the coming twelve months by either the Company or Open Gold when the transaction closes.

Direct exploration and development costs
Geotechnical Core Assays	$	48,000
Deep Core Relog, Sample and Assay		273,000
Preliminary Pit Infill Drilling Program		425,000
Sunshine Drill Program		1,052,000
BLM Plan of Operations Review and Permitting		100,000
Mining, Metallurgical and Process Engineering and Design		150,000
State and County Permits		45,000
Water Well		35,000
Update Independent Technical Report		100,000
Land Payments		192,000
Complete check assays of the 2009-2010 Drill Program		10,000
Contingency		70,000
Total direct exploration and development costs	$	2,500,000
Indirect costs
Office rent and other operating expenses		20,000
Wages and salaries and payroll related expenses		140,000
Insurance expenses		40,000
Investor Awareness Consultants		100,000
Other general and administrative expenses		150,000
Legal expenses		50,000
Total indirect costs		500,000
Total budget for the next twelve months	$	3,000,000

16

North Target

Located at the north end of the Independence claim block, the North target is a shallow low grade occurrence situated approximately 1,200 ft SE of Newmont’s Sunshine mine. The North target is based on 11 drill holes with a nominal spacing of 380 ft defining a mineralized area approximately 1000 ft by 470 ft. Gold mineralization occurs in a granitic host rock and extends from the surface to 250 ft. Average gold intercept values range from 0.01 opt to 0.026 opt and mineralization is open to the north, east, south and at depth.

Independence Deep Target:

The Company has received 275 assays for the majority of all mineralized intercepts with samples above and below these intercepts from American Assay Laboratories of Sparks, Nevada for extensive check assays of the mineralized zones.  The results are in excellent agreement with the original results and are now 43-101 compliant.

These are original pulps from Noranda Minerals’ 1985 - 1989 diamond drill programs which have been maintained by the underlying property owners together with the entire original Noranda core library. Our consultants verified the location and chain of custody of the samples from the Great Basin Gold drilling program and submitted these samples for similar check assay. The results of these check assays were incorporated in the independent technical report General Metals completed and filed with Canadian Regulatory Authorities. The entire core from the Great Basin Drilling is also stored in the property’s core library.

When taken together, the Noranda and Great Basin Gold drilling in the Independence Gold Skarn system identify a target more than half a mile wide and three quarters of a mile long which contains three highly prospective structural/stratigraphic zones, all of which have been demonstrated to host significant levels of gold mineralization.

To date more than 25,000 feet of core in eight holes have been drilled to test mineralization in the Independence Gold Skarn. Virtually every hole which has targeted the gold skarn to date has intersected significant gold mineralization over an area which is more than three quarters of a mile long and half a mile wide, with most holes containing multiple mineralized horizons.

The highest grade portion of the Independence Gold Skarn occurs in favorable carbonate rich rocks below the Golconda Thrust, and directly beneath the Surface Oxide Mineralization.  It is highly likely that the sub-vertical structural system which controls the surface oxide mineralization acted as a conduit, permitting mineralizing fluids circulating in the gold skarn to migrate to the near surface, depositing the gold and silver that form the Surface Oxide portion of the Independence System as the "fingerprint" of the deeper gold skarn. Surface "leakage" halos or fingerprints related to deeper mineralization form the basis for modern geochemical prospecting, and many such features related to deeper high grade mineralization are known along the Battle Mountain gold trend, including the Cove - McCoy system to the south and the Ivanhoe - Hollister system to the north where high grade underground ore bodies exhibited surface geochemical halos that were in themselves economically viable mines.

We believe the combined Independence Surface Oxide and Gold Skarn represents a world class target in the world class Battle Mountain Mining District along an indisputable world class gold trend.

17

Corporate Development Strategy

We are moving the Independence project toward production.  We obtained necessary studies to allow us to continue with the permitting to proceed to production as soon as financing and regulatory authorities will allow.   We anticipate initially mining the Hill Zone and are completing all necessary work to be able to finalize permits to allow us to begin there.  Additional drilling and assaying are required to bring the Hill Zone into production and the permitting required to allow for that program is underway. We believe the Hill Zone is amenable to open pit mining and heap leaching.

We require additional funds of approximately $3 million to proceed with our plan of operation over the next twelve months. As we do not have the funds necessary to cover our projected operating expenses for the next twelve month period, we will be required to raise additional funds through the issuance of equity securities, through loans or through debt financing. There can be no assurance that we will be successful in raising the required capital or that actual cash requirements will not exceed our estimates. We intend to fulfill any additional cash requirement through the sale of our equity securities.

If we are not able to obtain the additional financing on a timely basis, if and when it is needed, we will be forced to scale down or perhaps even cease the operation of our business.

Capital Expenditures

We do not intend to invest in capital expenditures during the twelve-month period ending April 30, 2014.

General and Administrative Expenses

We expect to spend approximately $500,000 during the twelve-month period ending April 30, 2014 on general and administrative expenses including legal and auditing fees, rent, office equipment, investor awareness and other administrative related expenses.

Exploration and Development

We expect to spend approximately $2,500,000 on exploration and development, including engineering and permitting over the twelve months ending April 30, 2014, assuming we are successful in our capital raising efforts.  Refer to our budget of direct exploration and development activities in the table above.

Personnel Plan

We do not expect any material changes in the number of employees over the next 12 month period (although we may enter into employment or consulting agreements with our officers or directors). We do and will continue to outsource contract employment as needed.  As at April 30, 2013, our only employees were our directors and officers.

Results of Operations for the Years Ended April 30, 2013 and 2012

The following summary of our results of operations should be read in conjunction with our audited financial statements for the years ended April 30, 2013 and 2012.

Our operating results for the years ended April 30, 2013 and 2012 are summarized as follows:

	Year Ended April 30
	2013		2012
Revenue	Nil		Nil
Operating Expenses	$	888,687	$	798,194
Net Loss	$	867,038	$	803,608

18

Revenues

We have not earned any revenues since our inception and we do not anticipate earning revenues in the near future.

Operating Expenses

Our operating expenses for the year ended April 30, 2013 and April 30, 2012 are outlined in the table below:

	Year Ended April 30
	2013		2012
Depreciation and amortization	$	4,948	$	5,350
General and administrative	$	54,680	$	78,679
Management and consulting	$	556,692	$	473,096
Exploration and development	$	152,256	$	143,607
Professional fees	$	120,111	$	97,462

The expenditures on the Independence project during the year were $8,649 more than the prior year as identified in the exploration and development category. The increased costs were due to an contractual increase in the semi annual advanced minimum royalty payments.  We increased our business development efforts as well as our investor awareness campaigns causing the significant increase of $83,596 in the management and consulting costs of the Company in the current year.  We anticipate that the management and consulting costs should reduce in future years as many of the contracted efforts undertaken were unfruitful in development of significant funding opportunities for the Company.  Cost increases were incurred in fiscal year 2013 in Professional fees as the result of a increased legal and accounting work in relation to the Open Gold definitive agreement.

Liquidity and Financial Condition

Our total current assets at April 30, 2013 were $18,272 and our total current liabilities were $684,355 and we had a working capital deficit of $666,083 as compared to $703,106 as of April 30, 2012. Our financial statements report a net loss of $867,038 for the year ended April 30, 2013, and a net loss of $12,152,179 for the period from March 15, 2006 (date of inception) to April 30, 2013. We had cash in the amount of $4,717 as of April 30, 2013.

The Company received $57,250 in funding and funding commitments from private placements since April 30, 2013 and $6,150 in short-term note payable from its officers and/or directors.

Cash Flows
	Year Ended April 30
	2013			2012
Net Cash (Used) by Operating Activities	$	(424,490	)	$	(446,031	)
Net Cash Provided/(Used) by Investing Activities	––			––
Net Cash Provided by Financing Activities	$	424,253		$	436,828
Decrease In Cash During The Period	$	(237	)	$	(9,203	)

Our cash balance will increase or remain constant based on the success of our fund raising activities. At present our operations only consume cash getting the project into production as quickly as funding and regulatory authorities will allow. The cash used in operating activities decreased $21,541 from 2012 to 2013 due to the decreased production and drilling activities occurring on the property.  Additionally, we had less employees and consulting contracts in place during 2013 and significant amounts of contracted services were paid by common stock of the Company.

During 2013 and 2012, we had no cash use by or provided by investing activities.  

19

Cash provided by financing activities decreased by $12,575 primarily from the decreased price per share received from shares placed in private placement due to the trading price of our stock.

Our principal sources of funds have been from sales of our common stock.

Contractual Obligations

As a “smaller reporting company”, we are not required to provide tabular disclosure obligations.

Going Concern

The audited financial statements included with this annual report have been prepared on the going concern basis which assumes that adequate sources of financing will be obtained as required and that our assets will be realized and liabilities settled in the ordinary course of business.  Accordingly, the consolidated audited financial statements do not include any adjustments related to the recoverability of assets and classification of assets and liabilities that might be necessary should we be unable to continue as a going concern.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to stockholders.

APPLICATION OF CRITICAL ACCOUNTING POLICIES

Our audited financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles used in the United States.  Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management's application of accounting policies.  We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our consolidated financial statements is critical to an understanding of our financials.

Stock Issued For Services

The Company on occasion issues equity and equity linked instruments to non-employees in lieu of cash for the receipt of goods and services..   The applicable GAAP establishes that share-based payment transactions with nonemployees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.

In these transactions, we issue unregistered and restricted equity instruments along with equity-linked instruments (warrants) that are convertible into unregistered and restricted shares of our common stock.

While we have shares of freely-traded stock with a quoted market price (a Level 1 input within the GAAP hierarchy), the fair value of the unregistered and restricted shares by the Company as valued by the quoted market price does not reflect the economic substance of the transactions, correspondingly, the quoted market price is not the most reliably measurable fair value.   We made this determination based upon the review of  the liquidity restrictions in our stock based upon average trading volume and the circumstances surrounding the issuance of private placements to accredited investors for cash in which each placement consists of one unit. Each unit is defined as one common share and one common share purchase warrant and the unit price is readily ascertainable.

In situations in which we issue unregistered restricted common shares and equity-linked instruments in exchange for goods and services, and the value of the goods and services are not the most reliably measurable, we recognize the fair value of the unregistered restricted equity instruments based on the value of similar instruments issued in private placements in exchange for cash in the most recent transactions (a Level 2 input within the GAAP hierarchy) based upon the contractual date of the agreement.   We have determined this methodology reflects the risk adjusted fair value of our unregistered restricted equity instruments using a commercially reasonable valuation technique.   

Taxes

The Company records valuation allowances against our deferred tax assets, when necessary. Realization of deferred tax assets (such as net operating loss carry-forwards) is dependent on future taxable earnings and is therefore uncertain. To the extent we believe that recovery is not likely or uncertain, we establish a valuation allowance against our deferred tax asset, which increases our income tax expense in the period when such determination is made.

On an annual basis, we reevaluate the probability that a tax position will be effectively sustained and the appropriateness of the amount recognized for uncertain tax positions based on factors including changes in facts or circumstances, changes in tax law, settled audit issues and new audit activity. Changes in our assessment may result in the recognition of a tax benefit or an additional charge to the tax provision in the period our assessment changes. We recognize interest and penalties related to income tax matters in income tax expense.

20

NEW ACCOUNTING PRONOUNCEMENTS

Recent accounting pronouncements that the Company has adopted or will be required to adopt in the future are summarized in Footnote 2 in our financial statements.

Item 7A.    Quantitative and Qualitative Disclosures about Market Risk

As a “smaller reporting company”, we are not required to provide the information required by this Item.

Item 8.       Financial Statements and Supplementary Data

Our audited financial statements are stated in United States dollars (US$) and are prepared in accordance with United States Generally Accepted Accounting Principles.

The following audited financial statements are filed as part of this annual report:

Independent Auditor's Report, dated August 13, 2013.

Consolidated Balance Sheets as at April 30, 2013 and 2012.

Consolidated Statements of Operations for the year ended April 30, 2013 and for the year ended April 30, 2012 and since inception.

Consolidated Statements of Changes in Stockholders' Equity for the year ended April 30, 2013 and for the year ended April 30, 2012 and since inception.

Consolidated Statements of Cash Flows for the year ended April 30, 2013 and for the year ended April 30, 2012 and since inception.

Notes to the Financial Statements.

21

 

 

22

General Metals Corporation and Subsidiaries

(An Exploration Stage Company)

Consolidated Balance Sheets

	April 30 2013			April 30 2012
ASSETS
Current assets
Cash and cash equivalents		4,717		$	4,954
Prepaid expenses		13,555			16,521
Total current assets		18,272			21,475
Other assets
Land		67,742			67,742
Mineral property		613,941			613,941
Property and equipment, net		647			5,595
Other assets		35,238			35,238
Total other assets		717,568			722,516
Total assets	$	735,840		$	743,991
LIABILITIES AND STOCKHOLDERS' EQUITY/(DEFICIT)
Current Liabilities
Accounts payable	$	472,331		$	551,231
Notes payable, current portion		5,421			3,898
Accrued liabilities		148,417			111,946
Accounts payable to related parties		58,186			57,506
Total current liabilities		684,355			724,581
Long-term liabilities
Notes payable, net of current portion		29,105			33,804
Total long-term liabilities		29,105			33,804
Total liabilities		713,460			758,385
Commitments and Contingencies
Stockholders' equity/(deficit)
Preferred stock, authorized 50,000,000 shares, par value $0.001, zero issued and outstanding		-			-
Common stock, authorized 500,000,000 shares, par value $0.001, issued and outstanding on April 30, 2013 and April 30, 2012 is 348,796,328 and 294,195,232 respectively		348,796			294,194
Additional paid-in capital		11,825,763			10,976,553
Accumulated deficit during exploration stage		(12,152,179	)		(11,285,141	)
Total stockholders' equity/(deficit)		22,380			(14,394	)
Total liabilities and stockholders' equity/(deficit)	$	735,840		$	743,991

 

The accompanying notes are an integral part of these statements

23

General Metals Corporation and Subsidiaries

(An Exploration Stage Company)

Consolidated Statements of Operations

							March 15, 2006
							(Inception)
	Year ended April 30,						to April 30,
	2013			2012			2013
Revenue	$	-		$	-		$	-
Operating expenses
Depreciation and amortization		4,948			5,350			40,218
General and administrative		54,680			78,679			1,527,722
Management and consulting		556,692			473,096			6,453,212
Exploration and development		152,256			143,607			3,169,705
Professional fees		120,111			97,462			881,466
Total expenses		888,687			798,194			12,072,323
(Loss) from operations		(888,687	)		(798,194	)		(12,072,323	)
Other income (expenses)
Interest expense		(8,153	)		(7,914	)		(45,874	)
Other income		29,802			2,500			47,002
Gain on sale of mineral properties		-			-			1,249,072
Realized gain/(loss) on sale of investments		-			-			(112,204	)
Other than temporary impairment of investments		-			-			(1,224,302	)
Gain/(loss) on foreign currency exchange		-			-			6,450
(Loss) before income taxes		(867,038	)		(803,608	)		(12,152,179	)
Provision for income taxes		-			-			-
Net (loss)	$	(867,038	)	$	(803,608	)	$	(12,152,179	)
Loss per common share:
Basic & Diluted	$	(0.00	)	$	(0.00	)
Weighted average shares outstanding:
Basic & Diluted		322,377,724			283,183,187

 

The accompanying notes are an integral part of these statements

24

General Metals Corporation and Subsidiaries

(An Exploration Stage Company)

Consolidated Statements of Stockholders' Equity

Inception March 15, 2006 to April 30, 2013

  

													(Deficit)
													Accumulated			Accumulated
	Common Stock									Stock			During			Other		Total
	Issued						Paid in			Subscriptions			Exploration			Comprehensive		Equity/
	Shares			Amount			Capital			(Receivable)			Stage			Income/(Loss)		(Deficit)
Balance, April 30, 2005		34,489,840		$	34,489		$	447,388		$	(127,500	)	$	(208,251	)		-	$	146,126
Cash Received for Subscriptions Receivable											127,500								127,500
Common Stock Issued for Cash at $0.25 In Private Placement		48,400			48			4,952											5,000
Common Stock Issued for Cash at $0.125 In Private Placement		29,040			29			2,971											3,000
Common Stock Issued at $0.001 to exercise lease agreement		6,050,000			6,050			529,800											535,850
Common Stock Issued for Cash at $0.125 In Private Placement		3,060,695			3,060			313,128											316,188
Common Stock Issued in Reorganization		9,280,195			9,281			(788,827	)					208,251					(571,295	)
Common Stock Issued to Convert Debt at 0.0185 as Agreed in February 2005		24,238,000			24,239			589,795											614,034
Common Stock Issued as Incentive		605,000			605			(105	)										500
Common Stock Returned and Cancelled		(605,000	)		(605	)		105											(500	)
Common Stock Issued in Exercise of Warrants at $0.25		773,190			773			158,977											159,750
Net (Loss)														(637,068	)				(637,068	)
Balance, April 30, 2006		77,969,360			77,969			1,258,184			-			(637,068	)		-		699,085
Deposit received on Private Placement											76,000								76,000
Common Stock Issued in Exercise of Warrants at $0.25		121,000			121			24,879											25,000
Common Stock Issued for Cash at $0.125 In Private Placement		484,000			484			49,516			(50,000	)							-
Common Stock Issued for Service at $0.125 per share		174,240			174			17,826											18,000
Common Stock Issued for Purchase of fixed asset at $0.075		242,000			242			14,758											15,000
Common Stock Issued for Cash at $0.075		180,945			180			11,036											11,216
Common Stock Issued for Services at $0.075 per share		363,000			363			22,137											22,500
Common Stock Issued to Convert Debt $0.075 per share		564,666			564			34,436											35,000
Common Stock Issued for Cash at $0.075 In Private Placement		4,147,069			4,147			252,903			(163,800	)							93,250
Common Stock Issued for Cash at $0.075 For Exploration Rights		1,210,000			1,210			249,718											250,928
Common Stock Issued for Cash at $0.075 For Employee Incentive		302,500			303			18,448											18,751
Common Stock Issued for Cash at $0.125 In Private Placement		2,565,200			2,565			262,435											265,000
Common Stock Issued for Cash at $0.125 In Private Placement		399,784			399			40,901			(41,300	)							-
Cash Received for Subscriptions Receivable											137,800								137,800
Stock-based compensation expense								1,447,734											1,447,734
Net (Loss)														(2,087,666	)				(2,087,666	)
Balance, April 30, 2007		88,723,764			88,721			3,704,911			(41,300	)		(2,724,734	)		-		1,027,598

25

  

										(Deficit)
										Accumulated			Accumulated
	Common Stock						Stock			During			Other		Total
	Issued				Paid in		Subscriptions			Exploration			Comprehensive		Equity/
	Shares		Amount		Capital		(Receivable)			Stage			Income/(Loss)		(Deficit)
Common Stock issued to convert Debt at $0.075 per share		564,666		564		34,436										35,000
Common Stock Issued for Cash at $0.125 In Private Placement		733,744		734		75,066										75,800
Common Stock Issued in Exercise of Share Purchase Warrants at $0.075		2,773,077		2,774		156,991										159,765
Common Stock Issued in Exercise of Share Purchase Warrants at $0.20		719,950		721		118,280										119,001
Common Stock Issued in Exercise of Share Purchase Warrants at $0.125		48,400		48		4,952										5,000
Common Stock Issued for purchase of asset at $0.125		145,200		145		14,855										15,000
Common Stock Issued in Exercise of Share Purchase Warrants at $0.20		237,600		238		42,962										43,200
Common Stock Issued for Cash at $0.125 In Private Placement		57,717		58		6,501										6,559
Cash Received for Subscriptions Receivable								50,300								50,300
Common Stock Issued for Cash at $0.20 In Private Placement		2,753,300		2,753		484,247		(160,000	)							327,000
Common Stock Issued in Exercise of Share Purchase Warrants at $0.07		806,667		806		49,194										50,000
Common Stock Issued for Cash at $0.15 In Private Placement		990,000		990		134,010		(35,000	)							100,000
Cash Received for Subscriptions Receivable								151,000								151,000
Common Stock Issued in Exercise of Share Purchase Warrants at $0.068		161,334		162		9,838										10,000
Common Stock Issued in Exercise of Share Purchase Warrants at $0.10		121,000		121		7,379										7,500
Common Stock Issued in Exercise of Share Purchase warrants at $0.114		193,600		194		19,806										20,000
Common Stock Issued for services to the advisory board at $0.15		2,200,000		2,200		297,800										300,000
Common Stock Issued for Cash at $0.15 In Private Placement		110,000		110		14,890										15,000
Common Stock Issued in Exercise of Share Purchase warrants at $0.075		95,334		96		8,904		(9,000	)							-
Common Stock Issued in Exercise of Share Purchase warrants at $0.114		2,420		2		248										250
Common Stock Issued for Cash at $0.20 In Private Placement		649,000		649		58,351										59,000
Common Shares issued for Cash at $0.15 In Private Placement		48,729		48		6,597										6,645
Common Stock Issued in Exercise of Share Purchase warrants at $0.068		160,930		162		9,838										10,000
Common Stock Issued for services at $0.125		110,000		110		12,390										12,500
Common Stock Issued for Cash at $0.20 In Private Placement		110,000		110		9,890										10,000
Common Stock Issued for Cash at $0.05 In Private Placement		440,000		440		19,560										20,000
Common Stock Issued in Exercise of Share Purchase warrants at $0.05		302,500		303		13,448										13,751
Common Stock Issued in Exercise of Share Purchase warrants at $0.085		32,353		33		2,467										2,500
Cash Received for Subscriptions Receivable								38,500								38,500
Stock-based compensation expense						139,333										139,333
Net (Loss)											(1,982,382	)				(1,982,382	)
Balance, April 30, 2008		103,291,285		103,292		5,457,144		(5,500	)		(4,707,116	)		-		847,820

26

													(Deficit)
													Accumulated			Accumulated
	Common Stock									Stock			During			Other		Total
	Issued						Paid in			Subscriptions			Exploration			Comprehensive		Equity/
	Shares			Amount			Capital			(Receivable)			Stage			Income/(Loss)		(Deficit)
Common Stock Issued for Cash at $0.14 In Private Placement		7,700,000			7,700			92,300			(95,000	)							5,000
Common Stock Issued for Cash at $0.15 In Private Placement		2,200,000			2,200			27,800			(14,387	)							15,613
Common Stock Issued for Cash at $0.18 In Private Placement		1,100,000			1,100			16,400											17,500
Common Stock Issued for Cash at $0.2 In Private Placement		9,240,000			9,240			158,760			(15,000	)							153,000
Common Stock Issued for Cash at $0.25 In Private Placement		2,752,200			2,752			59,748			(1,000	)							61,500
Common Stock Issued for Cash at $0.05 In Private Placement		9,101,400			9,101			379,499			(34,000	)							354,600
Common Stock Issued for Cash at $0.075 In Private Placement		957,000			957			64,193											65,150
Common Stock Issued for Cash at $0.10 In Private Placement		165,000			165			14,835											15,000
Common Stock Issued for Cash at $0.15 In Private Placement		457,600			458			30,742											31,200
Common Stock Issued in Exercise of Share Purchase warrants at $0.085		37,323			37			2,838			(625	)							2,250
Common Stock Issued for services at $0.017		825,000			825			12,175											13,000
Common Stock Issued for services at $0.02		3,850,000			3,850			66,150											70,000
Common Stock Issued for services at $0.021		4,675,000			4,675			84,575											89,250
Common Stock Issued for services at $0.024		2,750,000			2,750			57,250											60,000
Common Stock Issued for services at $0.025		1,100,000			1,100			23,900											25,000
Common Stock Issued for services at $0.029		639,536			640			20,268											20,908
Common Stock Issued for services at $0.03		11,000,000			11,000			289,000											300,000
Common Stock Issued for services at $0.036		12,100,000			12,100			383,900											396,000
Common Stock Issued for services at $0.05		3,410,000			3,410			151,590											155,000
Common Stock Issued for services at $0.075		921,800			922			61,828											62,750
Common Stock Issued for services at $0.08		4,561,700			4,562			327,198											331,760
Common Stock Issued for services at $0.086		2,200,000			2,200			169,800											172,000
Common Stock Issued for services at $0.10		165,000			165			14,835											15,000
Cancellation of Issued Common Stock due to non-payment on receivable		(198,000	)		(198	)		(8,802	)		9,000								-
Cash Received for Subscriptions Receivable											5,500								5,500
Unrealized Gain/(Loss) on Available-for-sale																	25,000
Securities (net of tax)		-
Net (Loss)														(1,476,327	)
Total comprehensive income (loss)																			(1,451,327	)
Balance, April 30, 2009		185,001,844			185,003			7,957,926			(151,012	)		(6,183,443	)		25,000		1,833,474

27

													(Deficit)
													Accumulated			Accumulated
	Common Stock									Stock			During			Other			Total
	Issued						Paid in			Subscriptions			Exploration			Comprehensive			Equity/
	Shares			Amount			Capital			(Receivable)			Stage			Income/(Loss)			(Deficit)
Common Stock Issued for Cash at $0.015 In Private Placement		19,317,832			19,318			244,107			(16,250	)								247,175
Common Stock Issued for Cash at $0.02 In Private Placement		1,765,500			1,766			30,335			(1,700	)								30,401
Common Stock Issued for Cash at $0.022 In Private Placement		3,355,000			3,355			64,405			-									67,760
Common Stock Issued for Cash at $0.025 In Private Placement		770,000			770			16,730			-									17,500
Common Stock Issued for Cash at $0.033 In Private Placement		330,000			330			9,670			-									10,000
Common Stock Issued for Cash at $0.035 In Private Placement		264,000			264			8,136			-									8,400
Common Stock Issued for Cash at $0.04 In Private Placement		1,237,500			1,238			43,763			(12,900	)								32,100
Common Stock Issued for Cash at $0.045 In Private Placement		7,752,141			7,750			309,392			(30,422	)								286,720
Common Stock Issued for Cash at $0.05 In Private Placement		1,199,000			1,199			53,301												54,500
Common Stock Issued for services at $0.02		1,100,000			1,100			18,900												20,000
Common Stock Issued for services at $0.028		9,240,000			9,240			225,960												235,200
Common Stock Issued for services at $0.032		1,650,000			1,650			46,350												48,000
Common Stock Issued for services at $0.035		13,750			13			426												440
Common Stock Issued for services at $0.047		110,000			110			4,590												4,700
Common Stock Issued for services at $0.050		825,000			825			36,675												37,500
Common Stock Issued for services at $0.065		66,000			66			3,834												3,900
Common Stock Issued for services at $0.083		73,333			73			5,427												5,500
Common Stock Issued for Cash at $0.035 In Private Placement		345,730			346			10,654												11,000
Common Stock Issued for Cash at $0.045 In Private Placement		3,159,640			3,160			126,070			(10,000	)								119,230
Common Stock Issued for services at $0.041		2,035,000			2,035			73,815												75,850
Common Stock Issued for services at $0.050		275,000			275			12,225												12,500
Cash Received for Subscriptions Receivable											110,000									110,000
Common Stock Issued for Cash at $0.05 In Private Placement		484,000			484			21,516												22,000
Common Stock Issued for settlement of lawsuit at $0.05		1,100,000			1,100			48,900												50,000
Common Stock Issued for services previously unrendered at $0.048		550,000			550			23,450												24,000
Cancellation of Issued Common Stock due to non-payment on receivable		(1,096,370	)		(1,096	)		(42,429	)		43,525									-
Cash Received for Subscriptions Receivable											24,622									24,622
Common Stock Issued for services at $0.043		330,000			330			12,570												12,900
Cash Received for Subscriptions Receivable											19,137									19,137
Reclassification of losses on Available-for-Sale Securities (net of tax)																	(25,000	)		(25,000	)
Net (Loss)														(3,475,281	)
Total comprehensive (loss)																				(3,475,281	)
Balance, April 30, 2010		241,253,900			241,254			9,366,698			(25,000	)		(9,658,724	)		-			(75,772	)

28

										(Deficit)
										Accumulated			Accumulated
	Common Stock							Stock		During			Other		Total
	Issued				Paid in			Subscriptions		Exploration			Comprehensive		Equity/
	Shares		Amount		Capital			(Receivable)		Stage			Income/(Loss)		(Deficit)
Common Stock Issued for services at $0.038		550,000		550		18,450										19,000
Common Stock Issued for Land Lease payments at $0.035		1,650,000		1,650		52,350										54,000
Common Stock issued for Cash at $0.042 in Private Placement		556,547		557		20,693										21,250
Common Stock issued to close previous Private Placement unissued due to insufficient authorized shares at $0.033		3,300,000		3,300		96,700										100,000
Common Stock issued to close previous Private Placement unissued due to insufficient authorized shares at $0.04		412,500		413		14,587										15,000
Common Stock issued for Cash at $0.042 in Private Placement		35,356		35		1,315										1,350
Common Stock issued for Cash at $0.036 in Private Placement		11,495,000		11,495		406,505										418,000
Common Stock issued for Cash at $0.040 in Private Placement		1,375,000		1,375		53,625										55,000
Common Stock issued for Cash at $0.0475 in Private Placement		315,790		316		14,684										15,000
Common Stock Issued for services at $0.038		1,050,000		1,050		57,225										58,275
Common Stock Issued for services at $0.036		385,000		385		15,365										15,750
Common Stock Issued for services at $0.048		500,000		500		23,500										24,000
Common Stock Issued for services at $0.05		660,000		660		35,970										36,630
Common Stock Issued for services at $0.045		484,000		484		24,156										24,640
Common Stock issued for Cash at $0.040 in Private Placement		2,030,890		2,031		84,804										86,835
Common Stock Issued for services at $0.043		1,300,000		1,300		54,600										55,900
Common Stock Issued for services at $0.04		350,000		350		13,650										14,000
Reduction to subscription receivable on outstanding subscription						(5,000	)		5,000							-
Cash Received for Subscriptions Receivable									20,000							20,000
Net (Loss)											(822,809	)
Total comprehensive income (loss)																(822,809	)
Balance, April 30, 2011		267,703,983		267,705		10,349,877			-		(10,481,533	)		-		136,049

29

									(Deficit)
									Accumulated			Accumulated
	Common Stock						Stock		During			Other		Total
	Issued				Paid in		Subscriptions		Exploration			Comprehensive		Equity/
	Shares		Amount		Capital		(Receivable)		Stage			Income/(Loss)		(Deficit)
Common Stock Issued for services at $0.038		2,000,000		2,000		74,000									76,000
Common Stock issued for Cash at $0.0225 in Private Placement		4,444,444		4,444		95,556									100,000
Common Stock issued for Cash at $0.0225 in Private Placement		1,111,111		1,111		23,889									25,000
Common Stock issued for Cash at $0.0225 in Private Placement		1,111,111		1,111		23,889									25,000
Common Stock issued for Cash at $0.0225 in Private Placement		350,000		350		7,525									7,875
Common Stock issued for Cash at $0.0225 in Private Placement		200,000		200		4,300									4,500
Common Stock issued for Cash at $0.0225 in Private Placement		2,222,222		2,222		47,778									50,000
Common Stock issued for Cash at $0.025 in Private Placement		2,100,000		2,100		50,400									52,500
Common Stock issued for Cash at $0.025 in Private Placement		200,000		200		4,800									5,000
Common Stock issued for Cash at $0.0225 in Private Placement		1,333,333		1,333		28,667									30,000
Common Stock Issued for services at $0.028		107,142		107		2,893									3,000
Common Stock Issued for services at $0.0297		101,129		101		2,899									3,000
Common Stock Issued for services at $0.0284		141,010		141		3,859									4,000
Common Stock Issued for services at $0.02967		202,257		202		5,798									6,000
Common Stock Issued for services at $0.0284		141,010		141		3,859									4,000
Common Stock Issued for services at $0.02967		202,257		202		5,798									6,000
Common Stock Issued for services at $0.0284		141,010		141		3,859									4,000
Common Stock Issued for services at $0.0327		61,247		61		1,939									2,000
Common Stock Issued for services at $0.028		213,500		214		5,764									5,978
Common Stock Issued for services at $0.0265		80,000		80		2,040									2,120
Common Stock Issued for services at $0.0265		770,000		770		19,635									20,405
Common Stock issued for Cash at $0.025 in Private Placement		2,400,000		2,400		57,600									60,000
Common Stock issued for Cash at $0.0225 in Private Placement		2,405,555		2,406		51,719									54,125
Common Stock Issued for services at $0.0210		530,000		530		10,600									11,130
Common Stock Issued for services at $0.0254		709,665		710		17,290									18,000
Common Stock Issued for services at $0.0275		1,000,000		1,000		26,500									27,500
Common Stock Issued for services at $0.0279		80,000		80		2,152									2,232
Common Stock Issued for services at $0.0282		35,468		35		965									1,000
Common Stock Issued for services at $0.0307		130,492		130		3,870									4,000
Common Stock issued for Cash at $0.02 in Private Placement		500,000		500		9,500									10,000
Common Stock issued for Cash at $0.0225 in Private Placement		793,000		793		16,207									17,000
Common Stock issued to reduce related party loans at $0.0175		674,286		674		11,126									11,800
Net (Loss)										(803,608	)
Total comprehensive income (loss)															(803,608	)
Balance, April 30, 2012		294,195,232		294,194		10,976,553		-		(11,285,141	)		-		(14,394	)

30

									(Deficit)
									Accumulated			Accumulated
	Common Stock						Stock		During			Other		Total
	Issued				Paid in		Subscriptions		Exploration			Comprehensive		Equity/
	Shares		Amount		Capital		(Receivable)		Stage			Income/(Loss)		(Deficit)
Common Stock issued for Cash at $0.015 in Private Placement		3,942,295		3,942		55,192									59,134
Common Stock Issued for services at $0.016		1,057,705		1,058		15,760									16,818
Common Stock Issued for services at $0.021		2,141,284		2,141		42,859									45,000
Common Stock Issued for services at $0.022		500,000		500		10,500									11,000
Common Stock Issued for services at $0.025		969,364		970		23,030									24,000
Common Stock issued for Cash at $0.015 in Private Placement		10,999,999		11,000		154,000									165,000
Common Stock issued for Cash at $0.0175 in Private Placement		25,714		26		424									450
Common Stock Issued for services at $0.0132		8,000,000		8,000		97,600									105,600
Common Stock Issued for services at $0.0169		1,420,904		1,421		22,579									24,000
Common Stock Issued for services at $0.019		384,925		385		6,929									7,314
Common Stock Issued for services at $0.02		850,000		850		16,150									17,000
Common Stock Issued for services at $0.0213		1,911,783		1,912		38,809									40,721
Common Stock Issued for services at $0.024		2,000,000		2,000		46,000									48,000
Common Stock issued for Cash at $0.015 in Private Placement		4,000,000		4,000		56,000									60,000
Common Stock Issued for services at $0.022		1,090,952		1,091		22,909									24,000
Common Stock Issued for services at $0.02		1,250,000		1,250		23,750									25,000
Common Stock issued for Cash at $0.015 in Private Placement		9,512,200		9,512		133,333									142,845
Common Stock Issued for services at $0.02		925,000		925		17,575									18,500
Common Stock Issued for services at $0.0206		1,307,557		1,308		25,692									27,000
Common Stock Issued for services at $0.027		130,000		130		3,380									3,510
Common Stock Issued for services at $0.0195		1,381,414		1,381		25,619									27,000
Common Stock Issued for services at $0.0149		800,000		800		11,120									11,920
Net (Loss)										(867,038	)
Total comprehensive income (loss)															(867,038	)
Balance, April 30, 2013		348,796,328	$	348,796	$	11,825,763	$	-	$	(12,152,179	)	$	-	$	22,380

31

General Metals Corporation and Subsidiaries

(An Exploration Stage Company)

Consolidated Statements of Cash Flows

 

							March 15, 2006
	Year ended April 30,						(Inception)
							to April 30,
	2013			2012			2013
Operating activities
Net loss	$	(867,038	)	$	(803,608	)	$	(12,152,179	)
Adjustments to reconcile net loss
Stock issued for services		379,532			193,663			3,308,170
Stock issued for payment of interest on debt		-			-			12,750
Non-cash financing costs		-			-			46,234
Realized loss on sale of investments		-			-			112,204
Gain on sale of mineral property		-			-			(1,249,072	)
Depreciation and amortization		4,948			5,350			40,218
Stock-based compensation		105,600			-			1,886,771
Other-than-temporary impairment of investments		-			-			1,224,302
Impairment of long-lived assets		-			-			17,500
Bad debt expense		-			-			22,387
Gain on sale of fixed asset		-			-			(1,250	)
Change in assets and liabilities
(Increase)/decrease in other current assets		-			-			(22,387	)
(Increase)/decrease in prepaid expenses		(5,783	)		9,569			(21,889	)
Increase/(decrease) in accounts payable		(78,220	)		129,706			605,417
Increase/(decrease) in accrued liabilities		36,471			19,289			393,126
Net cash used by operating activities		(424,490	)		(446,031	)		(5,777,698	)
Investment activities
Investments:
Purchases		-			-			(1,357	)
Proceeds from sales		-			-			154,914
Acquisition of mineral property		-			-			(78,091	)
Investment in General Copper		-			-			(17,500	)
Investment in Lahontan		-			-			(2,563	)
Deposit on water rights		-			-			(800	)
Deposit on reclamation bond		-			-			(34,438	)
Proceeds from sale of mineral property		-			-			12,500
Proceeds from sale of fixed asset		-			-			8,000
Purchase of land		-			-			(67,742	)
Purchase of equipment		-			-			(17,616	)
Net cash provided/(used) by investment activities		-			-			(44,693	)
Financing activities
Proceeds from loans from related parties		-			-			121,864
Repayments of loans from related parties		-			-			(43,064	)
Proceeds from issuance of debt		-			-			149,841
Repayments of debt		(3,176	)		(4,172	)		(12,516	)
Proceeds from the sale of stock		427,429			441,000			5,610,983
Net cash provided by financing activities		424,253			436,828			5,827,108
Net increase / (decrease) in cash		(237	)		(9,203	)		4,717
Cash, beginning of period		4,954			14,157			-
Cash (Cash overdraft), end of period	$	4,717		$	4,954		$	4,717
Supplemental Information:
Interest paid	$	8,153		$	7,914		$	26,201
Income taxes paid	$	-		$	-		$	-
Non-cash activities:
Stock issued for service as prepaid expenses	$	3,493		$	12,243		$	3,493
Stock issued to acquire mineral property lease	$	-		$	-		$	783,687
Stock issued for payment of interest on debt	$	-		$	-		$	12,750
Stock issued as reduction of accrued expenses	$	-		$	20,405		$	353,539
Stock issued as reduction of contingent liability	$	-		$	-		$	50,000
Stock issued as reduction of related party loans	$	-		$	11,800		$	26,800
Stock issued as reduction of short-term note payable	$	-		$	-		$	100,000

The accompanying notes are an integral part of these statements

32

General Metals Corporation

and Subsidiaries

(An Exploration Stage Company)

Notes to Consolidated Financial Statements

(For the periods ended April 30, 2013 and 2012)

NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

Nature of Business

Since March 2006, the Company’s principal business is the acquisition, exploration, and development of mineral properties, specifically the development of the Independence gold and silver mine located in north central Nevada.  The Company has not presently determined whether its properties contain mineral reserves that are economically recoverable.

The Company is considered a development (exploration) stage entity for financial reporting purposes by United States generally accepted accounting principles (US GAAP) since it has not generated material revenue from its principal business activities.

 Basis of Presentation and Consolidation

The accompanying consolidated financial statements have been prepared in accordance with US GAAP. The Company operates on an April 30 fiscal year end.

The accompanying consolidated financial statements include the accounts of General Metals Corporation and its wholly owned subsidiary, General Gold Corporation. Collectively, they are referred herein as the Company. All inter-company balances and transactions have been eliminated on consolidation.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. At April 30, 2013, the Company had an accumulated loss of $12,152,179, a cash balance of $4,717, no revenue, $684,355 in current liabilities and negative cash flows from operations. This raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from this uncertainty.

Management continues to seek funding from its shareholders and other qualified investors to pursue its exploration and development programs. These funds may be raised through equity financing, debt financing, or other sources, which may result in further dilution in the equity ownership of our shares. There is still no assurance that the Company will be able to maintain operations at a level sufficient for an investor to obtain a return on investment. Further, the Company may continue to be unprofitable. The Company needs to raise additional funds in the immediate future in order to proceed with its exploration program.

Reclassifications

The Company has revised the presentation of certain prior period amounts reported within the Consolidated Balance Sheet for payables to related parties. The revision had no impact on the total current liabilities, financial position, results of operations, or cash flows in the periods presented.

33

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of estimates

The preparation of financial statements in conformity with US GAAP 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 revenues and expenses during the period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents consist of cash and short term deposits with original maturities of three months or less when purchased. As of April 30, 2013 the Company had no cash equivalents.

Property and Equipment

Property and equipment is stated at cost and depreciated on a straight-line basis over the estimated economic useful lives of the assets, which range from three to seven years.

Following is a summary of property and equipment at April 30, 2013 and April 30, 2012:

	Fiscal Year Ended
	April 30, 2013			April 30, 2012
Furniture and Equipment	$	8,848		$	8,848
Vehicles		23,768			23,768
Less: Accumulated Depreciation		(31,969	)		(27,021	)
Property and Equipment, Net	$	647		$	5,595

Loss per Share

The Company computes net loss per share in accordance US GAAP. This requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net loss by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period under the treasury stock method using the if-converted method. All periods presented reflect net losses, therefore, all instruments convertible to common shares are considered anti-dilutive.

Financial Instruments

The Company’s financial instruments consist of cash; cash in trust, short term investments, accounts payable, accrued liabilities and amounts due to related parties. The Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The fair value of cash, cash in trust, accounts payable and accrued liabilities and amounts due to related parties approximates their carrying values due to the immediate or short term maturity of these financial instruments.

Mineral Property Costs

Mineral property acquisition costs are capitalized. Exploration and development costs are expensed as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.

34

Long-Lived Assets

The carrying value of long-lived assets is reviewed on a regular basis for the existence of facts or circumstances that may suggest impairment. The Company recognizes impairment when the sum of the expected undiscounted future cash flows is less than the carrying amount of the asset. Impairment losses, if any, are measured as the excess of the carrying amount of the asset over its estimated fair value.

Reclamation Liabilities and Asset Retirement Obligations

Minimum standards for site reclamation and closure have been established by various government agencies that affect certain of our operations. The Company calculates estimates of reclamation liabilities based on current laws and regulations and the expected undiscounted future cash flows to be incurred in reclaiming, restoring, and closing of operating mine sites. US GAAP requires that the fair value of a liability for an asset retirement obligation be recognized in the period in which it is incurred. It further requires us to record a liability for the present value of our estimated environmental remediation costs and the related asset created with it when a recoverable asset (long-lived asset) can be realized.

Income Taxes

The Company recognizes deferred tax liabilities and assets using the liability method. Under this method, deferred tax liabilities and assets are determined based on the temporary differences between the financial statements carrying values and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse.  In determining the future tax consequences of events that have been recognized in the financial statements or tax returns, judgment and interpretation of statutes is required. Judgments and interpretation of statutes are inherent in this process. Future income tax assets are recorded in the financial statements if realization is considered more likely than not.

For previously taken tax positions considered to be uncertain, the Company prescribes a recognition threshold and measurement attribute.  In the event certain tax positions do not meet the appropriate recognition threshold, de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions is required.

The Company files income tax returns in the U.S. federal jurisdiction and various states. With limited exception, the Company is no longer subject to U.S. federal, state and local tax audits by taxing authorities for years before 2005.

Stock Issued For Services

The Company on occasion issues equity and equity linked instruments to non-employees in lieu of cash for the receipt of goods and services..   The applicable GAAP establishes that share-based payment transactions with nonemployees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.

In these transactions, we issue unregistered and restricted equity instruments along with equity-linked instruments (warrants) that are convertible into unregistered and restricted shares of our common stock.

While we have shares of freely-traded stock with a quoted market price (a Level 1 input within the GAAP hierarchy), the fair value of the unregistered and restricted shares by the Company as valued by the quoted market price does not reflect the economic substance of the transactions, correspondingly, the quoted market price is not the most reliably measurable fair value.   We made this determination based upon the review of  the liquidity restrictions in our stock based upon average trading volume and the circumstances surrounding the issuance of private placements to accredited investors for cash in which each placement consists of one unit. Each unit is defined as one common share and one common share purchase warrant and the unit price is readily ascertainable.

In situations in which we issue unregistered restricted common shares and equity-linked instruments in exchange for goods and services, and the value of the goods and services are not the most reliably measurable, we recognize the fair value of the unregistered restricted equity instruments based on the value of similar instruments issued in private placements in exchange for cash in the most recent transactions (a Level 2 input within the GAAP hierarchy) based upon the contractual date of the agreement.   We have determined this methodology reflects the risk adjusted fair value of our unregistered restricted equity instruments using a commercially reasonable valuation technique.   

Recently Issued Accounting Pronouncements

There have been no recently issued accounting pronouncements that are expected to have a material impact on our consolidated financial position, results of operations, or cash flows.

NOTE 3. RELATED PARTY TRANSACTIONS

Forbush and Associates, of which Dan Forbush, CEO, President, and CFO, is the Principal, provides accounting support and bookkeeping services to the Company on a billed by hour incurred basis. Forbush and Associates is owed $23,522 and $13,225 relating to hours incurred and reimbursable expenses paid by Forbush and Associates on behalf of the Company at April 30, 2013 and April 30, 2012, respectively which is reflect as accounts payable to related parties. In fiscal year 2013, Forbush and Associates charged $26,912 for services provided in preparation of the form 10-K for the period ended April 30, 2012 and the 10-Qs for the periods ended July 31, 2012, October 31, 2012, and January 31, 2013 and $289 for reimbursable expenses included in General and administrative expenses. 

35

In fiscal year 2012, Forbush and Associates received $289 for reimbursable expenses included in General and administrative expenses; and $33,725 in professional fees included in Management and consulting.  

Mr. Forbush also receives wages from the Company in accordance with his employment as an officer of the Company. On May 30, 2012, Mr. Forbush received a 2,000,000 share grant award from the Board of Directors for his services to the Company.  Mr. Forbush is owed $130,000 and $100,000 in unpaid gross wages as of April 30, 2013 and April 30, 2012 respectively which is included in accrued liabilities. In addition, Mr. Forbush incurs certain reimbursable expenses related to travel and other expenses for his position as CEO and President. Mr. Forbush was owed $8,491 and $9,056 for expenses incurred during the years ended April 30, 2013 and 2012, respectively. Reimbursable expenses are recorded as part of the trade accounts payable as of the year ends.

As of April 30, 2013 and April 30, 2012, $0 and $48,744 respectively is due to Larry Bigler, P.K. Rana Medhi, Shane Dyer, and Walter A. “Del” Marting, for reimbursable expenses incurred in their position as members of the Board of Directors and fees related thereto. Any amounts owing are included in trade accounts payable at the end of the respective year.

On December 17, 2010, Dan Dyer was appointed as a member of the Board of Directors and is also a principal in Dyer Engineering Consultants. On June 1, 2011, Dan Dyer resigned as a director. In September 2011, Shane K Dyer, also a principal in Dyer Engineering Consultants, was nominated for election to the Board of Directors and was elected during the Annual Shareholders meeting.   Dyer Engineering Consultants provides mine permitting, engineering and leach pad design services at the Independence project. As of April 30, 2013 and April 30, 2012, Dyer Engineering Consultants is owed $34,663 and $44,281 for services rendered respectively. During fiscal 2013 and 2012, we incurred $1,820 and $9,618 respectively, related to exploration expenses with Dyer Engineering. Any amounts owing Dyer Engineering are included in accounts payable to related parties at the end of the fiscal year.

The interim President, CFO, former and current members of the Board of Directors, and members of the Advisory Board have provided short-term financing to the Company in the form of demand notes with no fixed or determinable repayment dates. Mr. Forbush received 674,286 shares to relieve debt in the amount of $11,800, during the fiscal year ending April 30, 2012.

During fiscal 2013, Walter “Del” Marting provided certain advisory services to the company in assistance to the CEO with a potential listing on the Toronto stock exchange and later in completion and diligence related to the Open Gold Asset Purchase and Assignment definitive agreement. Mr. Marting is a principle of M&M Advisors. The Company contracted with M&M Advisors to work described aboved. M&M Advisors is owed $0 as of April 30, 2013. M&M Advisors incurred $31,000 of fees recorded as part of management and consulting.

NOTE 4. STOCKHOLDERS' EQUITY

Preferred Stock

The Company is authorized to issue 50,000,000 preferred shares with a par value of $0.001 per share. As of April 30, 2013 and 2012, no preferred stock has been issued and is outstanding.

Common Stock

The Company is authorized to issue 500,000,000 common shares with a par value of $0.001 per share at April 30, 2013.

36

The following detail of the Company’s common stock transactions includes only the two years ended April 30, 2013 and 2012. For previous transactions please refer to the appropriate period Form 10-K on file with the Securities and Exchange Commission. All statements and footnotes have been adjusted to reflect post-split values.

During the three months ended July 31, 2011, we issued a total of 6,444,444 shares; 2,000,000 shares were issued for services valued at $76,000; and 4,444,444 shares were issued to an investor in a private placement at $0.0225 per share for receipt of cash totaling $100,000.

During the three months ended October 31, 2011, we issued a total of 10,788,339 shares; 2,160,562 shares were issued for services valued at $60,503; 6,327,777 shares were issued to investors in private placements at $0.0225 per share for receipt of cash totaling $142,375; and 2,300,000 shares were issued to investors in private placements at $0.025 per share for receipt of cash totaling $57,500.

During the three months ended January 31, 2012, we issued a total of 7,291,180 shares; 2,485,625 shares were issued for services valued at $63,862; 2,405,555 shares were issued to investors in private placements at $0.0225 per share for receipt of cash totaling $54,125; and 2,400,000 shares were issued to investors in private placements at $0.025 per share for receipt of cash totaling $60,000.

During the three months ended April 30, 2012, we issued 1,967,286; 500,000 shares were issued to investors in private placements at $0.02 per share for receipt of cash totaling $10,000; 793,000 shares were issued to investors in private placements at $0.0225 per share for receipt of cash totaling $17,000; 674,286 shares were issued to reduce related party notes payable totaling $11,800.

During the three months ended July 31, 2012, we issued a total of 8,610,648 shares;  4,668,353 shares were issued for services valued at $96,818 to vendors; and 3,942,295 shares were issued for cash to investors in private placement at $0.015 per share for receipt of cash totaling $59,134.

During the three months ended October 31, 2012, we issued a total of 25,593,325 shares; 6,567,612 shares were issued for services valued at $137,034; 8,000,000 shares were issued to the Board of Directors and Officers as a stock grant award valued at $105,600; 11,000,000 shares were issued for cash to investors in private placement at $0.015 per share for receipt of cash totaling $165,000; 25,714 shares were issued for cash to an officer of the company in private placement at $0.0175 per share for receipt of cash totaling $450.

During the three months ended January 31, 2013, we issued a total of 6,340,952 shares; 2,340,952 shares were issued for services valued at $49,000 to vendors; and 4,000,000 shares were issued for cash to investors in private placement at $0.015 per share for receipt of cash totaling $60,000.

During the period ended January 31, 2013, the Board of Directors authorized options to be issued to its officers and directors but as of the date of this filing, the options have not been issued. The exercise price of the options shall be set at the close price on the date of issuance of the options.  The options will vest ratably over 3 years with 25% of the options vested immediately and 25% on each annual anniversary therefeafter till all options are fully vested. Expiration date of the option award will be determined at the date of issuance of the options. Option awards will terminate under certain circumstances such as: termination for cause; within 12 months of the date of death of the optionee; 90 days after separation of service from the company; or 30 days after separation of service from the company if directly related to investor relations services provided to the company.

During the three months ended April 30, 2013, we issued 14,056,171; 4,543,971 shares were issued for services valued at $83,386 to vendors; and 9,512,200 shares were issued for cash to investors in private placement at $0.015 per share for receipt of cash totaling $133,333.

Warrants (Non-employee)

As part of certain equity private placement transactions, the Company issues warrants. The following table illustrates the warrant activity for the periods ending April 30, 2013 and 2012.

37

	Shares			Weighted Average Exercise Price
Outstanding at April 30, 2011		17,815,035		$	0.07
Granted		19,170,776			0.05
Exercised	––			––
Forfeited/Expired		(14,815,035	)		0.08
Outstanding at April 30, 2012		22,170,776			0.05
Granted		35,378,865			0.02
Exercised	––			––
Forfeited/Expired		(15,970,776	)		0.05
Outstanding at April 30, 2013		41,578,865			0.04

		Warrants Outstanding
Range price ($)		Number of Warrants		Weighted Average Remaining Life (years)		Weighted Average Exercise Price
$	0.05		7,566,666		0.26	$	0.05
$	0.03		13,612,199		1.59	$	0.03
$	0.02		20,400,000		1.32	$	0.02

NOTE 5. PROVISION FOR INCOME TAXES

Provision for Income Taxes

The Company performs reviews of its material tax positions in accordance with applicable recognition and measurement standards.  Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences.  Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis.  Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

At April 30, the income tax expense (benefit) consisted of the following:

	2013		2012
Current	$	––	$	––
Deferred	––		––
Total tax (benefit)	$	––	$	––

At April 30, gross deferred tax assets and liabilities consisted of the following:

	2013			2012
Deferred Tax Inventory
NOL	$	3,659,000		$	3,357,000
Stock compensation expense	––			––
Installment sale gain	––			––
Impairment loss	––			––
Investments	––			––
Property, plant & equipment		(65	)		(1,800	)
Gross deferred tax assets		3,658,935			3,355,200
Less: Valuation allowance		(3,658,935	)		(3,355,200	)
Net deferred tax assets	––			––

38

At April 30, the income tax expense (benefit) differs from the amount obtained by applying the U.S. federal statutory rate to income before income taxes as follows:

	2013			2012
Tax rate reconciliation
Federal statutory rate		35	%		35	%
Tax at federal statutory rate		35.00	%		35.00	%
Permanent differences		(0.10	)		(1.00	)
Net operating loss carry forward		(34.40	)		(33.60	)
Installment sale		--			--
Unrealized gain (loss)		--			--
Other temporary differences, net		(0.50	)		(0.40	)
Total		0.00	%		0.00	%

As of April 30, 2013, the Company had a federal net operating loss carry forward of approximately $10.5 million. The federal net operating loss carry forward expires beginning in fiscal 2026. Utilization of net operating losses may be subject to limitations due to ownership changes and other limitations provided by the Internal Revenue Code and similar state provisions. If such a limitation applies, the net operating loss and tax credit carry forward may expire before full utilization. 

The Company reviews its tax positions to determine whether it is more likely than not that they will be sustained upon examination based upon the technical merits of the position.  If the more-likely-than- not threshold is met, the Company measures the tax position to determine the amount to recognize in the financial statements.  

As of April 30, 2013 and 2012 there were no positions that did not meet the more-likely-than-not threshold.

NOTE 6. MINERAL PROPERTY

Independence Mine

At April 30, 2013, the Company’s Mineral property valued at $613,941 consists of the acquisition cost of the Independence Mining Claims located in Lander County, Nevada. The Company continues to explore and develop the mining claims.

For the years ended April 30, 2013 and 2012, the Company incurred costs of $152,256 and $143,607, respectively, for the on-going exploration and development. Since obtaining the rights, the Company has expensed $3,169,705 associated with these activities.

If the Company successfully establishes proven and probable reserves, additional development costs will be capitalized and depleted using the units of production method. With the current market price for gold, silver and platinum, the Company is obligated to pay a royalty  of  5% of all future production of these precious metals, if any.  There is also a production royalty of 3% payable on the sale of all substances other than gold, silver and platinum. In addition, any future production is subject to a 1% net smelter royalty obligation payable to Gold Range, LLC.  

As of April 30, 2013, there were no proven or probable reserves associated with the Independence Mining Claim.

39

NOTE 7. NOTES PAYABLE

On April 28, 2009, the Company purchased 480 acres of private land which will be used for mineral processing, equipment storage and maintenance. The full purchase price was $67,742 with 30% down and the balance by way of seller financing at 10% per annum for a period of 10 years with quarterly payments of $1,874 amortized over 10 years with no pre-payment penalty. The note is secured by the land.

Future principal repayments at April 30, 2013 are as follows:

	Short-term Note Payable & Secured Note Payable
2014	$	5,421
2015		4,749
2016		5,242
2017		5,786
2018		6,386
Thereafter		6,942
Total	$	34,526

NOTE 8. COMMITMENTS & CONTINGENCIES

The Company sublets office space under a cancelable operating lease at $1 per year. Additionally, the Company rents a storage facility to store unused furniture and equipment and samples from the mineral property which is leased on a month-to-month basis. Rent expense was approximately $1,080 in fiscal 2013, and $31,450 in fiscal 2012.

NOTE 9. SUBSEQUENT EVENTS

The Company received $57,250 in funding and funding commitments from private placements since April 30, 2013 and $6,150 in short-term note payable from its officers and/or directors. On August 12, 2013, the original closing date of the Open Gold definitive agreement, the Company agreed to negotiate an extension to the closing date for the Open Gold transaction.

Item 9.          Changes in and Disagreements with Accountants on Accounting and Financial Disclosure

None

Item 9A (T). Controls and Procedures

We maintain disclosure controls and procedures that are designed to ensure that information required to be disclosed in our reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms, and that such information is accumulated and communicated to our management, including our president and chief executive officer (who is acting as our principal executive officer) and our chief financial officer (who is acting as our principal financial officer and principle accounting officer) to allow for timely decisions regarding required disclosure.

As of April 30, 2013, the year-end covered by this report, we carried out an evaluation, under the supervision and with the participation of our president and chief executive officer (who is acting as our principal executive officer) and our chief financial officer (who is acting as our principal financial officer and principle accounting officer), of the effectiveness of the design and operation of our disclosure controls and procedures. Based on the foregoing, our president and chief executive officer (who is acting as our principal executive officer) and our chief financial officer (who is acting as our principal financial officer and principle accounting officer) concluded that our disclosure controls and procedures were effective as of the end of the period covered by this annual report.

40

Management’s Report on Internal Control over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act, for the company.

Internal control over financial reporting includes those policies and procedures that: (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of our assets; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that our receipts and expenditures are being made only in accordance with authorizations of its management and directors; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

Management recognizes that there are inherent limitations in the effectiveness of any system of internal control, and accordingly, even effective internal control can provide only reasonable assurance with respect to financial statement preparation and may not prevent or detect material misstatements. In addition, effective internal control at a point in time may become ineffective in future periods because of changes in conditions or due to deterioration in the degree of compliance with our established policies and procedures.

A material weakness is a significant deficiency, or combination of significant deficiencies, that results in there being a more than remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected.

Under the supervision and with the participation of our president, management conducted an evaluation of the effectiveness of our internal control over financial reporting, as of April 30, 2013, based on the framework set forth in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Based on our evaluation under this framework, management concluded that our internal control over financial reporting was effective as of the evaluation date due to the factors stated below.

Changes in Internal Control over Financial Reporting

There have been no changes in our internal controls over financial reporting that occurred during our  year ended April 30, 2013 that have materially or are reasonably likely to materially affect, our internal controls over financial reporting.

Item 9B.    Other Information

None

PART III

Item 10.     Directors, Executive Officers and Corporate Governance

All of the directors of our company hold office until the next annual meeting of the stockholders or until their successors have been elected and qualified.  Our officers are appointed by our board of directors and hold office until their death, resignation or removal from office.  Our directors and executive officers, their ages, positions held, and duration as such, are as follows:

41

Name	Position Held with the Company	Age	Date First Elected or Appointed
Daniel J. Forbush (1)	Chief Executive Officer, President, Chief Financial Officer and Director	60	March 23, 2007
Larry Max Bigler (2)	Independent Director	64	December 18, 2007
P. K. “Rana” Medhi (3)	Independent Director	75	December 30, 2010
Walter A. Marting, Jr. (4)	Independent Director	66	July 1, 2011
Shane K. Dyer (5)	Independent Director	33	September 16. 2011

(1)        Mr. Forbush was appointed Chief Executive Officer on December 17, 2010 and President December 30, 2010.

(2)        Mr. Bigler resigned as an Independent Director May 2010 and was reappointed an Independent Director December 17, 2010.
(3)        Mr. Medhi was appointed as an Independent Director on December 30, 2010.

(4)        Mr. Marting was appointed as an Independent Director on July 1, 2011.

(5)        Mr. Dyer was elected as a member of the Board of Directors on September 16, 2011.

Business Experience

The following is a brief account of the education and business experience of each director and executive officer during at least the past five years, indicating each person's principal occupation during the period, and the name and principal business of the organization by which he was employed.

Daniel J. Forbush, CPA, MBA – President, Chief Executive Officer, Chief Financial Officer and Director

Daniel J. Forbush, a Certified Public Accountant brings over 25 year of mining industry experience. Mr. Forbush’s diverse background in financial management includes positions at such Fortune 500 firms as Glamis Gold, Ltd., AMOCO, TENNECO and Arthur Andersen & Company. Beginning in 1999, Mr. Forbush focused on start-up opportunities including the building of a public accounting firm (Forbush and Associates) since November 2000 and business consulting firm (Core Business Builders Inc.) since January of 2004, and has functioned as Chief Financial Officer and Treasurer for a $25 million residential development and building contractor and a number of other smaller enterprises. He was initially recruited as Controller for Glamis Gold, Inc., the U.S. operating entity of Glamis Gold, Ltd. serving therein from 1988 to 1997 and Chief Financial Officer and Treasurer from 1997 to 1999, for Glamis Gold, Ltd., directing all aspects of financial, administrative and operations management for this $200MM NYSE-listed, multi-national corporation. Prior experience includes Corporate Director of Managerial Accounting, Echo Bay Mines, Ltd., 1986-1987. Nevada Operations Controller for Tenneco Minerals prior to its acquisition by Echo Bay Mines; General Accounting Supervisor for AMOCO; Assistant Controller for Cyprus Industrial Minerals Company; and, Senior Auditor for Arthur Andersen & Company.

P.K. “Rana” Medhi – Independent Director

P.K. “Rana” Medhi of Casa Grande, Arizona has over 40 years of experience in the mining industry; including 28 years with Cyprus Amax Minerals. Mr. Medhi holds a Master of Science degree from the University of Arizona and is a Registered Mining and Engineering Geologist working as an Independent Consultant.  In addition, Mr. Medhi is a Certified Professional Geologist with the American Institute of Professional Geologists, a Member of Society for Mining, Metallurgy and Exploration (SME) and a certified adjunct professor of mineral technology and geology with the community colleges of Arizona.  Mr. Medhi has also authored and published several technical papers and an occasional speaker to mining and public forums.  Mr. Mehdi is currently the Chairman of the Board of Sunergy, Inc., a junior mining company with activities in West Africa.  He was the Chairman of the Board of Governors of the Arizona Department of Mines and Mineral Resources.

Walter A. Marting, Jr. – Independent Director

Mr. Marting has spent a large part of his career both as a senior executive for a Fortune 500 mining company and starting and running his own junior gold mining company. After graduating from Harvard Business School in 1975 and following three years in the US Navy with SEAL Team Two, Mr. Marting joined Amax Inc. as an underground mine Production Supervisor at Amax’s Climax Molybdenum property in Leadville, Colorado. Mr. Marting spent two years working underground and in Climax’s open pit operation before moving to the Company’s headquarters in Greenwich, CT. In 1982 Mr. Marting was named Vice President – Finance for Amax Europe in Paris, France. Mr. Marting helped build Amax’s global mining presence from its Paris headquarters and had financial oversight of the company’s European and African exploration and development and ore processing activities. He left Amax in 1984 to start his own mining company that undertook the re-opening and operation of the famed 16-1 Mine in Allegheny, CA. 

42

Larry M. Bigler, CPA – Independent Director

Larry Bigler has over 30 years of mining experience. Mr. Bigler is a practicing Certified Public Accountant with many mining clients. Mr. Bigler formerly was CFO, Vice President, and Director for Oro Nevada Resources and was instrumental in raising C$ 40 million from an initial public offering. From 1987 until 1992 he was Treasurer and Controller for Getchell Gold where he completed an initial public offering and a gold loan. He has degrees in economics and accounting and has published many articles on mining financial issues.

Shane K Dyer – Independent Director

Shane K. Dyer of Reno, NV is a Registered Professional Engineer and a Registered Water Rights Sureveyor, with over 10 years experience in the Engineering Consulting Industry specifically in the design and permitting of mining operations including leach pad and waste dump designs, water resource engineering and business management.  Currently Vice President at Dyer Engineering Consultants, Inc. with a track record of producing excellent design, and project management results for clients in the United States and internationally, Mr. Dyer holds a Masters Degree in Civil engineering with a minor in Business Management from Brigham Young University. Serves as the Director of Permitting and Finance at Key Medical, Inc. a National Medicare Accredited DMPOS. Mr. Dyer has a strong technical background and is  innovative in problem solving and design.

Family Relationships

There are no family relationships among our directors or officers.

Involvement in Certain Legal Proceedings

Our directors, executive officers and control persons have not been involved in any of the following events during the past ten years:

1.           any bankruptcy petition filed by or against any business of which such person was a general partner or executive officer either at the time of the bankruptcy or within two years prior to that time;

2.           any conviction in a criminal proceeding or being subject to a pending criminal proceeding (excluding traffic violations and other minor offences);

3.           being subject to any order, judgment, or decree, not subsequently reversed, suspended or vacated, of any court of competent jurisdiction, permanently or temporarily enjoining, barring, suspending or otherwise limiting his involvement in any type of business, securities or banking activities; or

4.           being found by a court of competent jurisdiction (in a civil action), the Commission or the Commodity Futures Trading Commission to have violated a federal or state securities or commodities law, and the judgment has not been reversed, suspended, or vacated.

43

Section 16(a) Beneficial Ownership Compliance

Section 16(a) of the Securities Exchange Act requires our executive officers and directors, and persons who own more than 10% of our common stock, to file reports regarding ownership of, and transactions in, our securities with the Securities and Exchange Commission and to provide us with copies of those filings.  Based solely on our review of the copies of such forms received by us, or written representations from certain reporting persons, we believe that during the year ended April 30, 2013, all filing requirements applicable to its officers, directors and greater than 10% percent beneficial owners were complied with, with the exception of the following:

Name	Number of Late Reports	Number of Transactions Not Reported on a Timely Basis	Failure to File Requested Forms
Daniel Forbush	2	3	Nil
Larry Max Bigler	2	2	Nil
Walter A Marting, Jr.	2	2	Nil
P.K. “Rana” Medhi	2	2	Nil
Shane K. Dyer	2	2	Nil

Board and Committee Meetings

Our board of directors held 8 formal meetings during the year ended April 30, 2013.  All other proceedings of the board of directors were conducted by resolutions consented to in writing by all the directors and filed with the minutes of the proceedings of the directors.  Such resolutions consented to in writing by the directors entitled to vote on that resolution at a meeting of the directors are, according to the Delaware Corporate Law and our By-laws, as valid and effective as if they had been passed at a meeting of the directors duly called and held.

For the year ended April 30, 2013, there are three standing committees of the board of directors, the Audit Committee, the Compensation Committee, and the Nominating and Corporate Governance Committee.  

Nominating and Corporate Governance Committee, Director Nomination and Independence

Nominating and Corporate Governance Committee

Currently our Nominating and Corporate Governance Committee consists of P.K. “Rana” Medhi, Chairman and Larry Max Bigler, Shane K. Dyer.   The Nominating and Corporate Governance Committee (the “Nominating Committee”) is established by the Board to assist in:

● identifying individuals qualified to become members of the Board and recommend individuals to the Board for nomination as members of the Board;

● identifying individuals qualified to become members of the various committees of the Board and to recommend such individuals for nomination as committee members to the Board;

● determining the composition of the Board and its committees;

● developing and recommending to the Board a set of corporate governance principles applicable to the Company; and

● overseeing an evaluation process of the Board and management.

During fiscal 2013, there was one meeting held by the nominating and corporate governance committee.  Since May 1, 2012, the committee has held one meeting.

Director Selection Process and Review of Director Nominees

We have established a process for identifying and nominating director candidates which we expect will result in the election of a highly-qualified and dedicated Board of Directors.  The following is an outline of the process for the nomination of candidates for election to the Board of Directors: (a) the Chief Executive Office, the Nominating and Corporate Governance Committee or other members of the Board of Directors identify the need to add new Board members either to fill vacancies or to enhance the mix of qualifications, skills and experience represented on the Board of Directors (b)  the Committee coordinates the search for qualified candidates with input from management and other Board members,  (c) the Committee may engage a third party consultant to help identify and evaluate candidates for membership to the Board of Directors, if it deems such engagement is necessary and appropriate, (d) selected member of management and the Board of Directors interview prospective candidates; and (e) The Committee recommends a nominee, which it believes will serve the best interests of General Metals Stockholders.

44

The Board of Directors has determined that directors should possess the following minimum qualifications: (a) the highest personal and professional ethics, integrity, and values; (b) commitment to representing the long-term best interests of the stockholders and (c) sufficient time to effectively fulfill the duties of a Board member.  Candidates suggested by shareholders will be considered on the same basis as any other candidate.   Any stockholder proposing a nomination should submit such candidate’s name, along with curriculum vitae or other summary of qualifications experience and skills to the Secretary, General Metals Corporation, 1155 West Fourth Street Suite 210, Reno, NV 89503, USA

General Metals Corporation considers diversity, age and skills in deciding on nominees.  The Nominating and Corporate Governance Committee reviews these matters through discussion at meetings of the committee.  In evaluating a director candidate, the committee considers factors that are in the best interests of the Company and its stockholders.

 Director Independence

We currently act with five (5) directors, consisting of Shane K. Dyer, Walter A. Marting, Jr., P.K. “Rana” Medhi, Larry Max Bigler and Daniel J. Forbush.  We have determined that Walter A. Marting, Jr., P.K. “Rana” Medhi, Shane K. Dyer and Larry Max Bigler qualify as "independent" as the term is used in Item 7(d)(3)(iv)(B) of Schedule 14A under the Securities Exchange Act of 1934, as amended, and as defined by Rule 4200(a)(15) of the NASDAQ Marketplace Rules.

Audit Committee and Audit Committee Financial Expert

Audit Committee

Currently our audit committee consists of Larry Max Bigler, Chairman, P.K. “Rana” Medhi and Walter A. Marting, Jr.  The function of the audit committee is to meet with our independent auditors at least annually to review, upon completion of the annual audit, financial results for the year, as reported in our financial statements; recommend to the Board the independent auditors to be retained; review the engagement of the independent auditors, including the scope, extent and procedures of the audit and the compensation to be paid therefore; assist and interact with the independent auditors in order that they may carry out their duties in the most efficient and cost effective manner; and review and approve all professional services provided to us by the independent auditors and considers the possible effect of such services on the independence of the auditors.

During fiscal 2013, there were 4 meetings held by the audit committee.  The minutes of the proceedings of the audit committee are filed with the corporate records.

Audit Committee Financial Expert

Our board of directors has determined that Larry Max Bigler of its audit committee qualifies as an "audit committee financial expert" as defined in Item 401(e) of Regulation S, and is "independent" as the term is used in Item 7(d)(3)(iv) of Schedule 14A under the Securities Exchange Act of 1934, as amended.

Compensation Committee

Our compensation committee consists of Shane K. Dyer, Chairman, and  P.K. “Rana” Medhi.  Members of the compensation committee are independent within the meaning of GNMT directors' independence standards and also are non-employee directors within the meaning of Rule 16b-3 of the Exchange Act. The compensation committee will be composed of minimum of 2 (two) independent directors and will not exceed more than 5 (five) independent directors.  The committee will meet at least 2 (two) times annually to review various responsibilities as outlined below and periodically revise committee's charters.  To assist in carrying out its responsibilities, the compensation Committee will receive reports and   recommendations from the CEO and the management, from an outside independent compensation consultant, if retained and its own legal or other advisors. The committee will report to the full board its recommendations during regular Board of Directors meetings.

45

The Compensation Committee's principal responsibilities include, but not limited to:

● Establish remuneration levels of corporation's officers and company's independent directors

● Reviewing management organization and development; Reviewing significant employee benefit programs; and

● Establish and administering executive compensation program including independent directors. This will encompass bonus plans, stock option and other equity-based programs, deferred compensation plans, and any other cash or stock incentive program.

During fiscal 2013, there were 2 meetings held by the compensation committee.  The minutes of the proceedings of the audit committee are filed with the corporate records.

Code of Ethics

Effective August 10, 2006, our company's board of directors adopted a Code of Business Conduct and Ethics that applies to, among other persons, our company's President, Secretary, Treasurer, Chief Executive Officer, Chief Financial Officer and Chief Operating Officer (being our principal executive officers and principal accounting officers), as well as our independent directors and other persons performing similar functions.  As adopted, our Code of Business Conduct and Ethics sets forth written standards that are designed to deter wrongdoing and to promote:

1. honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

2. full, fair, accurate, timely, and understandable disclosure in reports and documents that we file with, or submit to, the Securities and Exchange Commission and in other public communications made by us;

3. compliance with applicable governmental laws, rules and regulations;

4. the prompt internal reporting of violations of the Code of Business Conduct and Ethics to an appropriate person or persons identified in the Code of Business Conduct and Ethics; and

5. accountability for adherence to the Code of Business Conduct and Ethics.

Our Code of Business Conduct and Ethics requires, among other things, that all of our company's senior officers commit to timely, accurate and consistent disclosure of information; that they maintain confidential information; and that they act with honesty and integrity.

In addition, our Code of Business Conduct and Ethics emphasizes that all employees, and particularly senior officers, have a responsibility for maintaining financial integrity within our company, consistent with generally accepted accounting principles, and federal and state securities laws.  Any senior officer, who becomes aware of any incidents, involving financial or accounting manipulation or other irregularities, whether by witnessing the incident or being told of it, must report it to our company.  Any failure to report such inappropriate or irregular conduct of others is to be treated as a severe disciplinary matter.  It is against our company policy to retaliate against any individual who reports in good faith the violation or potential violation of our company's Code of Business Conduct and Ethics by another.

Procedure for Submitting Shareholder Proposals

We encourage shareholders to submit proposals, questions or concerns to us by writing to our President or any member of our Board of Directors. All written communications with Board members are treated as confidential. Instructions and contact our President and/or our Board of Directors at our executive offices. Once a proposal, question or concern is received by our President or a Board member, the communication is reviewed and addressed accordingly.

46

Procedure for Submitting Shareholder Proposals Related to Nominee as Director

See “Procedures for Submitting Shareholder Proposals” above.

Our Code of Business Conduct and Ethics as filed with the Securities and Exchange Commission is incorporated by reference as Exhibit 14.1 to this annual report.  We will provide a copy of the Code of Business Conduct and Ethics to any person without charge, upon request.  Requests can be sent to: General Metals Corporation, 1155 West Fourth Street, Suite 210, Reno, NV 89503.

Item 11.   Executive Compensation

The particulars of the compensation paid to the following persons:

-   our principal executive officer;

-  our one most highly compensated executive officer who were serving as executive officer at the end of the years ended April 30, 2013 and 2012; and

-  up to two additional individuals for whom disclosure would have been provided under (b) but for the fact that the individual was not serving as our executive officer at the end of the years ended April 30, 2013 and 2012,

who we will collectively refer to as the named executive officers of our company, are set out in the following summary compensation table, except that no disclosure is provided for any named executive officer, other than our principal executive officers, whose total compensation did not exceed $100,000 for the respective fiscal year:

SUMMARY COMPENSATION TABLE
Name and Principal Position	Year	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation ($)	Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)	All Other Compensation ($)(1)	Total ($)
Daniel Forbush President, CEO, CFO and Director	2013 2012	120,000 120,000	Nil Nil	26,400 Nil	Nil Nil	Nil Nil	Nil Nil	Nil Nil	146,400 120,000

(1)   The value of perquisites and other personal benefits, securities and property for the officers that do not exceed the lesser of $10,000 or 10% of the total of the annual salary and bonus and is not reported herein.

Compensation Plans

As of April 30, 2013, we did not have any compensation plans in place.  However, we may issue stock and equity linked instruments to our directors, officers and employees in the future, upon adoption of a stock option plan.

 Stock Options/SAR Grants

During the periods presented in this report, we did not grant any stock options to our executive officers.

47

Aggregated Option Exercises in Last Fiscal Year and Fiscal Year-End Values

There were no options exercised during our fiscal year ended April 30, 2013 or April 30, 2012 by any officer or director of our company.

Outstanding Equity Awards at Fiscal Year End

No equity awards were outstanding as of the year ended April 30, 2013.

Compensation of Directors

We reimburse our directors for expenses incurred in connection with attending board meetings.  Beginning June 1, 2007, the non-employee directors receive $1,000 per month for their service on the Board of Directors.  On September 2, 2010 the Board of Directors suspended all fees for their services until further notice.  Effective May 1, 2011, the compensation of Directors was reinstated at $1,000 per month for their services and $1,000 per month for fulfilling their committee assignments.   The Directors also receive Stock Incentive Grants from time to time as authorized by the Board.  Our board of directors may award special remuneration to any director undertaking any special services on our behalf other than services ordinarily required of a director.

The following table sets forth a summary of the compensation paid to our non-employee directors in the year ended April 30, 2013:

DIRECTOR COMPENSATION
Name	Fees Earned or Paid in Cash ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation ($)	Change in Pension Value and Nonqualified Deferred Compensation Earnings ($)	All Other Compensation ($)	Total ($)
Larry Bigler	24,000	19,400	Nil	Nil	Nil	Nil	43,400
Shane Dyer	24,000	19,400	Nil	Nil	Nil	Nil	43,400
Walter A. Marting	24,000	19,400	Nil	Nil	Nil	Nil	43,400
P.K. Rana Medhi	24,000	19,400	Nil	Nil	Nil	Nil	43,400

Employment Contracts and Termination of Employment and Change in Control Arrangements

We have not entered into any employment agreement or consulting agreement with our directors and executive officers.

There are no arrangements or plans in which we provide pension, retirement or similar benefits for directors or executive officers.  Our directors and executive officers may receive stock options and stock grants at the discretion of our board of directors in the future. We do not have any bonus or profit sharing plans pursuant to which cash or non-cash compensation is or may be paid to our directors or executive officers, except that stock options or stock grants may be granted at the discretion of our board of directors.

We have no plans or arrangements with respect to remuneration received or that may be received by our executive officers to compensate such officers in the event of termination of employment (as a result of resignation, retirement, change of control) or a change of responsibilities following a change of control, where the value of such compensation exceeds $60,000 per executive officer.

48

Item 12.  Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

The following table sets forth, as of July 23, 2013, certain information with respect to the beneficial ownership of our common stock by each stockholder known by us to be the beneficial owner of more than 5% of our common stock and by each of our current directors and executive officers.  Each person has sole voting and investment power with respect to the shares of common stock, except as otherwise indicated.  Beneficial ownership consists of a direct interest in the shares of common stock, except as otherwise indicated.

Name and Address of Beneficial Owner	Amount and Nature of Beneficial Ownership	Percentage of Class(1)
Walter A. Marting, Jr. Reno, Nevada	3,550,950	1.01%
Larry Max Bigler Reno, Nevada	6,093,035	1.75%
Shane K. Dyer Reno, Nevada	3,550,950	1.75%
P. K. “Rana” Medhi Casa Grande, Arizona	4,241,977	1.22%
Daniel J. Forbush Sparks, Nevada	13,650,000	3.91%
Directors and Executive Officers as a Group (5 persons)	31,086,912	8.91%

(1)  Under Rule 13d-3, a beneficial owner of a security includes any person who, directly or indirectly, through any contract, arrangement, understanding, relationship, or otherwise has or shares: (i) voting power, which includes the power to vote, or to direct the voting of shares; and (ii) investment power, which includes the power to dispose or direct the disposition of shares.  Certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares).  In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided.  In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights.  As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on July 23, 2012.  As of July 23, 2012, there were 301,156,927 shares of our company’s common stock issued and outstanding.

Changes in Control

We are unaware of any contract or other arrangement or provisions of our Articles or Bylaws the operation of which may at a subsequent date result in a change of control of our company.  There are not any provisions in our Articles or Bylaws, the operation of which would delay, defer, or prevent a change in control of our company.

Item 13. Certain Relationships and Related Transactions, and Director Independence

Except as disclosed herein, there have been no transactions or proposed transactions in which the amount involved exceeds the lesser of $120,000 or one percent of the average of our total assets at year-end for the last three completed fiscal years in which any of our directors, executive officers or beneficial holders of more than 5% of the outstanding shares of our common stock, or any of their respective relatives, spouses, associates or affiliates, has had or will have any direct or material indirect interest.

49

The promoters of our company are our directors and officers.

Director Independence

We currently act with five directors, consisting of Walter A. Marting, Jr., Shane Dyer, Larry Max Bigler, P.K. “Rana” Medhi, and Daniel Forbush. We have determined that Walter A. Marting, Jr., Larry Max Bigler, and P. K. “Rana” Medhi are “independent directors” as defined in NASDAQ Marketplace Rule 4200(a)(15).

Item 14. Principal Accountants Fees and Services

The aggregate fees billed for the most recently completed fiscal year ended April 30, 2013 and for fiscal year ended April 30, 2012 for professional services rendered by the principal accountant for the audit of our annual financial statements and review of the financial statements included in our quarterly reports on Form 10-Q and services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for these fiscal periods were as follows:

	Year Ended April 30
	2013 ($)		2012 ($)
Audit Fees		50,500		45,500
Audit Related Fees	Nil		Nil
Tax Fees	Nil		Nil
All Other Fees	Nil		Nil
Total		50,500		45,500

Our audit committee pre-approves all services provided by our independent auditors. All of the above services and fees were reviewed and approved by the board of directors either before or after the respective services were rendered.

Our audit committee has considered the nature and amount of fees billed by our independent auditors and believes that the provision of services for activities unrelated to the audit is compatible with maintaining our independent auditors’ independence.

PART IV

Item 15. Exhibits, Financial Statement Schedules

Exhibits required by Item 601 of Regulation S-K

Exhibit Number	Description
(3)	Articles of Incorporation and By-laws
3.1	Certificate of Incorporation (incorporated by reference from our Registration Statement on Form 10-SB12G filed on August 24, 1999)
3.2	By-Laws (incorporated by reference from our Registration Statement on Form 10-SB12G filed on August 24, 1999)
3.3	Amendment to Certificate of Incorporation (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006)
(10)	Material Contracts
10.1	Letter of Intent between General Gold Corporation and Gold Range, LLC dated November 14, 2004  (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006)

50

10.2	Amendment to Letter of Intent between General Gold Corporation and Gold Range, LLC dated December 31, 2004 (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006).
10.3	Assignment of Lease Agreement between General Gold Corporation and Gold Range Company, LLC dated April 29, 2005  (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006).
10.4	Assignment of Lease and Consent Agreement between Independence Gold-Silver Mines Inc., Gold Range Company, LLC and General Gold Corporation dated June 29, 2005 (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006).
10.5	Lease Agreement between Independence Gold-Silver Mines Inc. and Gold Range Company, LLC dated July 13, 2005  (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006)
10.6	Share Purchase Agreement dated January 20, 2006 among General Gold Corporation, Recov Energy Corp. and the selling shareholders of General Gold Corporation (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006).
10.7	Share Purchase Agreement dated March 15, 2007 between our company and Sanibel Investments Ltd. (incorporated by reference from our Current Report on Form 8-K filed on March 22, 2007).
10.8	Marketing Services Agreement effective July 15, 2008 with Wall Street Report Inc. (incorporated by reference from our Current Report on Form 8-K filed on September 5, 2008).
10.9	Mining Acquisition Agreement dated October 31, 2008 between our company and Sunergy Inc. (incorporated by reference from our Current Report on Form 8-K filed on December 2, 2008).
10.10	Amending Agreement to the Mining Acquisition Agreement dated December 5, 2008 between our company and Sunergy Inc. (incorporated by reference from our Current Report on Form 8-K filed on December 12, 2008).
10.11	Agreement dated February 10, 2009 between our company and Nevada Agency & Trust Company (incorporated by reference from our Current Report on Form 8-K filed on February 24, 2009).
10.12	Contract between our company and Stephen Tandon and Emanual Suchefort dated April 13, 2009 (incorporated by reference from our Current Report on Form 8-K filed on June 29, 2009).
10.13	Employment contract between our company and Paul Wang dated September 3, 2010 (incorporated by reference from our Current Report on Form 8-K filed on November 5, 2010).
10.14	Settlement Agreement between General Metals Corporation (the “Company”), Michael Powell, Robert Carrington, Daniel J. Forbush, David Salari, Larry Max Bigler, Keith M. Belingheri, Dan L. Dyer, Permundu K. Medhi, Michael Duncan, Robert Hesselgesser, M.D., Kenneth Robert Gearhart, Keith Alan Knight, Walter W. Knauss, and David L. Holmes entered into a Settlement Agreement (the “Settlement Agreement”) setting forth the parties’ agreement with respect to a good faith controversy (the “Contest”) over management of the Company, corporate policy and various related matters. The parties to the Settlement Agreement include (i) a majority of the Company’s board of directors then in office (the “Old Board”); (ii) individuals appointed under the terms of the Settlement Agreement to serve as board members; and (iii) each of the members of a shareholder group who filed a Schedule 13-D related to the Company on November 5, 2010 (collectively, the “13-D Shareholders”) (incorporated by reference from our Current Report on Form 8-K filed on December 23, 2010).
(14)	Code of Ethics
14.1	Code of Ethics  (incorporated by reference from our Annual Report on Form 10-KSB filed on August 15, 2006)
(21)	Subsidiaries
	General Gold Corporation, a Nevada company (filed with this report)
(31)	Section 302 Certification
31.1*	Section 302 Certification of the Sarbanes-Oxley Act of 2002.
31.2*	Section 302 Certification of the Sarbanes-Oxley Act of 2002.
(32)	Section 906 Certification
32.1*	Section 906 Certification of the Sarbanes-Oxley Act of 2002
32.2*	Section 906 Certification of the Sarbanes-Oxley Act of 2002
101.INS	XBRL Instance Document

51

101.SCH	XBRL Schema Document
101.CAL	XBRL Calculation Linkbase Document
101.LAB	XBRL Label Linkbase Document
101.PRE	XBRL Presentation Linkbase Document
101.DEF	XBRL Definition Linkbase Document

*Filed herewith.

SIGNATURES

In accordance with Section 13 or 15(d) of the Exchange Act, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

GENERAL METALS CORPORATION

/s/ Daniel J. Forbush

Daniel J. Forbush

President, Chief Executive Officer and Director

(Principal Executive Officer)

Date: August 13, 2013

/s/ Daniel J. Forbush

Daniel J. Forbush

Chief Financial Officer and Director

(Principal Financial Officer and Principal Accounting Officer)

Date: August 13, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Signature	Title	Date
	President, Chief Executive Officer, Chief
/s/ Daniel J. Forbush	Financial Officer and Director	August 13, 2013
Daniel J. Forbush
/s/ Walter A. Marting, Jr.	Director	August 13, 2013
Walter A. Marting, Jr.
/s/ Shane K. Dyer	Director	August 13, 2013
Shane K. Dyer
/s/ Larry Max Bigler	Director	August 13, 2013
Larry Max Bigler
/s/ P. K. Medhi	Director	August 13, 2013
P. K. Medhi

  52

EX-31

EXHIBIT 31.1

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Daniel J. Forbush, certify that:

1.     I have reviewed this annual report on Form 10-K of General Metals Corporation;

2.     Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.     The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.     The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 13, 2013

/s/ Daniel J. Forbush

Daniel J. Forbush

President, Chief Executive Officer and Director

(Principal Executive Officer)

General Metals Corporation

EX-31

EXHIBIT 31.2

CERTIFICATION PURSUANT TO
18 U.S.C. ss 1350, AS ADOPTED PURSUANT TO
SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

I, Daniel J. Forbush, certify that:

1.     I have reviewed this annual report on Form 10-K of General Metals Corporation;

2.     Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.     Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4.     The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.     The registrant's other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: August 13, 2013

/s/ Daniel J. Forbush

Daniel J. Forbush

Chief Financial Officer and Director

(Principal Financial Officer and Principal Accounting Officer)

General Metals Corporation

EX-32

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Daniel J. Forbush, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Annual Report on Form 10-K of General Metals Corporation for the year ended April 30, 2013 (the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of General Metals Corporation.

Dated: August 13, 2013
	/s/ Daniel J. Forbush
	Daniel J. Forbush
	President, Chief Executive Officer and Director
	(Principal Executive Officer)
	General Metals Corporation

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to General Metals Corporation and will be retained by General Metals Corporation. and furnished to the Securities and Exchange Commission or its staff upon request.

EX-32

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

I, Daniel J. Forbush, hereby certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

(1) the Annual Report on Form 10-K of General Metals Corporation for the year ended April 30, 2013

(the "Report") fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of General Metals Corporation.

Dated: August 13, 2013
	/s/ Daniel J. Forbush
	Daniel J. Forbush
	Chief Financial Officer and Director
	(Principal Financial Officer and Principal Accounting Officer)
	General Metals Corporation

A signed original of this written statement required by Section 906, or other document authenticating, acknowledging, or otherwise adopting the signature that appears in typed form within the electronic version of this written statement required by Section 906, has been provided to General Metals Corporation and will be retained by General Metals Corporation. and furnished to the Securities and Exchange Commission or its staff upon request.

XML

Accounting Policies, by Policy (Policies)

12 Months Ended

Apr. 30, 2013

Accounting Policies [Abstract]

Use of Estimates, Policy [Policy Text Block]

Use of estimates

The preparation of financial statements in conformity with US GAAP 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 revenues and expenses during the period. Actual results could differ from those estimates.

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

Cash and cash equivalents consist of cash and short term deposits with original maturities of three months or less when purchased. As of April 30, 2013 the Company had no cash equivalents.

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

Property and equipment is stated at cost and depreciated on a straight-line basis over the estimated economic useful lives of the assets, which range from three to seven years.

Earnings Per Share, Policy [Policy Text Block]

Loss per Share

The Company computes net loss per share in accordance US GAAP. This requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net loss by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period under the treasury stock method using the if-converted method. All periods presented reflect net losses, therefore, all instruments convertible to common shares are considered anti-dilutive.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Financial Instruments

The Company’s financial instruments consist of cash; cash in trust, short term investments, accounts payable, accrued liabilities and amounts due to related parties. The Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The fair value of cash, cash in trust, accounts payable and accrued liabilities and amounts due to related parties approximates their carrying values due to the immediate or short term maturity of these financial instruments.

Exploratory Drilling Costs Capitalization and Impairment, Policy [Policy Text Block]

Mineral Property Costs

Mineral property acquisition costs are capitalized. Exploration and development costs are expensed as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Long-Lived Assets

The carrying value of long-lived assets is reviewed on a regular basis for the existence of facts or circumstances that may suggest impairment. The Company recognizes impairment when the sum of the expected undiscounted future cash flows is less than the carrying amount of the asset. Impairment losses, if any, are measured as the excess of the carrying amount of the asset over its estimated fair value.

Asset Retirement Obligations, Policy [Policy Text Block]

Reclamation Liabilities and Asset Retirement Obligations

Minimum standards for site reclamation and closure have been established by various government agencies that affect certain of our operations. The Company calculates estimates of reclamation liabilities based on current laws and regulations and the expected undiscounted future cash flows to be incurred in reclaiming, restoring, and closing of operating mine sites. US GAAP requires that the fair value of a liability for an asset retirement obligation be recognized in the period in which it is incurred. It further requires us to record a liability for the present value of our estimated environmental remediation costs and the related asset created with it when a recoverable asset (long-lived asset) can be realized.

Income Tax, Policy [Policy Text Block]

Income Taxes

The Company recognizes deferred tax liabilities and assets using the liability method. Under this method, deferred tax liabilities and assets are determined based on the temporary differences between the financial statements carrying values and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse.  In determining the future tax consequences of events that have been recognized in the financial statements or tax returns, judgment and interpretation of statutes is required. Judgments and interpretation of statutes are inherent in this process. Future income tax assets are recorded in the financial statements if realization is considered more likely than not.

For previously taken tax positions considered to be uncertain, the Company prescribes a recognition threshold and measurement attribute.  In the event certain tax positions do not meet the appropriate recognition threshold, de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions is required.

The Company files income tax returns in the U.S. federal jurisdiction and various states. With limited exception, the Company is no longer subject to U.S. federal, state and local tax audits by taxing authorities for years before 2005.

Stockholders' Equity, Policy [Policy Text Block]

Stock Issued For Services

The Company on occasion issues equity and equity linked instruments to non-employees in lieu of cash for the receipt of goods and services..   The applicable GAAP establishes that share-based payment transactions with nonemployees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.

In these transactions, we issue unregistered and restricted equity instruments along with equity-linked instruments (warrants) that are convertible into unregistered and restricted shares of our common stock.

While we have shares of freely-traded stock with a quoted market price (a Level 1 input within the GAAP hierarchy), the fair value of the unregistered and restricted shares by the Company as valued by the quoted market price does not reflect the economic substance of the transactions, correspondingly, the quoted market price is not the most reliably measurable fair value.   We made this determination based upon the review of  the liquidity restrictions in our stock based upon average trading volume and the circumstances surrounding the issuance of private placements to accredited investors for cash in which each placement consists of one unit. Each unit is defined as one common share and one common share purchase warrant and the unit price is readily ascertainable.

In situations in which we issue unregistered restricted common shares and equity-linked instruments in exchange for goods and services, and the value of the goods and services are not the most reliably measurable, we recognize the fair value of the unregistered restricted equity instruments based on the value of similar instruments issued in private placements in exchange for cash in the most recent transactions (a Level 2 input within the GAAP hierarchy) based upon the contractual date of the agreement.

Compensation Related Costs, Policy [Policy Text Block]

We have determined this methodology reflects the risk adjusted fair value of our unregistered restricted equity instruments using a commercially reasonable valuation technique.

New Accounting Pronouncements, Policy [Policy Text Block]

Recently Issued Accounting Pronouncements

There have been no recently issued accounting pronouncements that are expected to have a material impact on our consolidated financial position, results of operations, or cash flows.

XML

Consolidated Statements of Operations (USD $)	12 Months Ended		85 Months Ended
	Apr. 30, 2013	Apr. 30, 2012	Apr. 30, 2013
Revenue	$ 0	$ 0	$ 0
Operating expenses
Depreciation and amortization	4,948	5,350	40,218
General and administrative	54,680	78,679	1,527,722
Management and consulting	556,692	473,096	6,453,212
Exploration and development	152,256	143,607	3,169,705
Professional fees	120,111	97,462	881,466
Total expenses	888,687	798,194	12,072,323
(Loss) from operations	(888,687)	(798,194)	(12,072,323)
Other income (expenses)
Interest expense	(8,153)	(7,914)	(45,874)
Other income	29,802	2,500	47,002
Gain on sale of mineral properties			1,249,072
Realized gain/(loss) on sale of investments			(112,204)
Other than temporary impairment of investments			(1,224,302)
Gain/(loss) on foreign currency exchange			6,450
(Loss) before income taxes	(867,038)	(803,608)	(12,152,179)
Provision for income taxes	0	0	0
Net (loss)	$ (867,038)	$ (803,608)	$ (12,152,179)
Loss per common share:
Basic & Diluted (in Dollars per share)	$ 0.00	$ 0.00
Weighted average shares outstanding:
Basic & Diluted (in Shares)	322,377,724	283,183,187

XML

NOTE 3. RELATED PARTY TRANSACTIONS

12 Months Ended

Apr. 30, 2013

Related Party Transactions [Abstract]

Related Party Transactions Disclosure [Text Block]

NOTE 3. RELATED PARTY TRANSACTIONS

Forbush and Associates, of which Dan Forbush, CEO, President, and CFO, is the Principal, provides accounting support and bookkeeping services to the Company on a billed by hour incurred basis. Forbush and Associates is owed $23,522 and $13,225 relating to hours incurred and reimbursable expenses paid by Forbush and Associates on behalf of the Company at April 30, 2013 and April 30, 2012, respectively which is reflect as accounts payable to related parties. In fiscal year 2013, Forbush and Associates charged $26,912 for services provided in preparation of the form 10-K for the period ended April 30, 2012 and the 10-Qs for the periods ended July 31, 2012, October 31, 2012, and January 31, 2013 and $289 for reimbursable expenses included in General and administrative expenses. 

In fiscal year 2012, Forbush and Associates received $289 for reimbursable expenses included in General and administrative expenses; and $33,725 in professional fees included in Management and consulting.  

Mr. Forbush also receives wages from the Company in accordance with his employment as an officer of the Company. On May 30, 2012, Mr. Forbush received a 2,000,000 share grant award from the Board of Directors for his services to the Company.  Mr. Forbush is owed $130,000 and $100,000 in unpaid gross wages as of April 30, 2013 and April 30, 2012 respectively which is included in accrued liabilities. In addition, Mr. Forbush incurs certain reimbursable expenses related to travel and other expenses for his position as CEO and President. Mr. Forbush was owed $8,491 and $9,056 for expenses incurred during the years ended April 30, 2013 and 2012, respectively. Reimbursable expenses are recorded as part of the trade accounts payable as of the year ends.

As of April 30, 2013 and April 30, 2012, $0 and $48,744 respectively is due to Larry Bigler, P.K. Rana Medhi, Shane Dyer, and Walter A. “Del” Marting, for reimbursable expenses incurred in their position as members of the Board of Directors and fees related thereto. Any amounts owing are included in trade accounts payable at the end of the respective year.

On December 17, 2010, Dan Dyer was appointed as a member of the Board of Directors and is also a principal in Dyer Engineering Consultants. On June 1, 2011, Dan Dyer resigned as a director. In September 2011, Shane K Dyer, also a principal in Dyer Engineering Consultants, was nominated for election to the Board of Directors and was elected during the Annual Shareholders meeting.   Dyer Engineering Consultants provides mine permitting, engineering and leach pad design services at the Independence project. As of April 30, 2013 and April 30, 2012, Dyer Engineering Consultants is owed $34,663 and $44,281 for services rendered respectively. During fiscal 2013 and 2012, we incurred $1,820 and $9,618 respectively, related to exploration expenses with Dyer Engineering. Any amounts owing Dyer Engineering are included in accounts payable to related parties at the end of the fiscal year.

The interim President, CFO, former and current members of the Board of Directors, and members of the Advisory Board have provided short-term financing to the Company in the form of demand notes with no fixed or determinable repayment dates. Mr. Forbush received 674,286 shares to relieve debt in the amount of $11,800, during the fiscal year ending April 30, 2012.

During fiscal 2013, Walter “Del” Marting provided certain advisory services to the company in assistance to the CEO with a potential listing on the Toronto stock exchange and later in completion and diligence related to the Open Gold Asset Purchase and Assignment definitive agreement. Mr. Marting is a principle of M&M Advisors. The Company contracted with M&M Advisors to work described aboved. M&M Advisors is owed $0 as of April 30, 2013. M&M Advisors incurred $31,000 of fees recorded as part of management and consulting.

XML

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Property and Equipment (USD $)	Apr. 30, 2013	Apr. 30, 2012
Property, Plant and Equipment [Line Items]
Less: Accumulated Depreciation	$ (31,969)	$ (27,021)
Property and Equipment, Net	647	5,595
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	8,848	8,848
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, gross	$ 23,768	$ 23,768

XML

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Apr. 30, 2013

Accounting Policies [Abstract]

Property, Plant and Equipment [Table Text Block]

	Fiscal Year Ended
	April 30, 2013			April 30, 2012
Furniture and Equipment	$	8,848		$	8,848
Vehicles		23,768			23,768
Less: Accumulated Depreciation		(31,969	)		(27,021	)
Property and Equipment, Net	$	647		$	5,595

XML

NOTE 4. STOCKHOLDERS' EQUITY (Details) - Warrant Activity (USD $)	12 Months Ended
	Apr. 30, 2013	Apr. 30, 2012
Warrant Activity [Abstract]
Outstanding at April 30	22,170,776	17,815,035
Outstanding at April 30 (in Dollars per Item)	0.05	0.07
Granted	35,378,865	19,170,776
Granted (in Dollars per share)	$ 0.02	$ 0.05
Forfeited/Expired	(15,970,776)	(14,815,035)
Forfeited/Expired (in Dollars per share)	$ 0.05	$ 0.08
Outstanding at April 30	41,578,865	22,170,776
Outstanding at April 30 (in Dollars per Item)	0.04	0.05

XML

NOTE 4. STOCKHOLDERS' EQUITY (Details) (USD $)	3 Months Ended								12 Months Ended	86 Months Ended	3 Months Ended	12 Months Ended	3 Months Ended				3 Months Ended
	Apr. 30, 2013	Jan. 31, 2013	Oct. 31, 2012	Jul. 31, 2012	Apr. 30, 2012	Jan. 31, 2012	Oct. 31, 2011	Jul. 31, 2011	Apr. 30, 2012	Apr. 30, 2013	Apr. 30, 2012 Chief Executive Officer [Member]	Apr. 30, 2012 Chief Executive Officer [Member]	Jan. 31, 2012 Common Stock Issued for Cash at $0.025 In Private Placement[Member]	Oct. 31, 2011 Common Stock Issued for Cash at $0.025 In Private Placement[Member]	Apr. 30, 2012 Common Stock Issued for Cash at $0.025 In Private Placement[Member]	Apr. 30, 2010 Common Stock Issued for Cash at $0.025 In Private Placement[Member]	Apr. 30, 2012 Common Stock Issued for Cash at $0.0225 in Private Placement 1 [Member]	Oct. 31, 2012 Common Stock Issued for Cash At $0.0175 in Private Placement [Member]	Apr. 30, 2013 Common Stock Issued for Cash At $0.0175 in Private Placement [Member]	Apr. 30, 2012 Common Stock Issued for Cash At $0.0175 in Private Placement [Member]
NOTE 4. STOCKHOLDERS' EQUITY (Details) [Line Items]
Preferred Stock, Shares Authorized	50,000,000				50,000,000				50,000,000	50,000,000
Preferred Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0.001				$ 0.001				$ 0.001	$ 0.001
Common Stock, Shares Authorized	500,000,000				500,000,000				500,000,000	500,000,000
Common Stock, Par or Stated Value Per Share (in Dollars per share)	$ 0.001				$ 0.001				$ 0.001	$ 0.001
Stock Issued During Period, Shares, New Issues	14,056,171	6,340,952	25,593,325	8,610,648	1,967,286	7,291,180	10,788,339	6,444,444
Stock Issued During Period, Shares, Issued for Services	4,543,971	2,340,952	6,567,612	4,668,353		2,485,625	2,160,562	2,000,000
Stock Issued During Period, Value, Issued for Services (in Dollars)	$ 83,386	$ 49,000	$ 137,034	$ 96,818		$ 63,862	$ 60,503	$ 76,000
Development Stage Entities, Stock Issued, Shares, Issued for Cash	9,512,200	4,000,000	11,000,000	3,942,295	500,000	2,405,555	6,327,777	4,444,444					2,400,000	2,300,000			793,000	25,714
Sale of Stock, Price Per Share (in Dollars per share)	$ 0.015	$ 0.015	$ 0.015	$ 0.015	$ 0.02	$ 0.0225	$ 0.0225	$ 0.0225	$ 0.02	$ 0.015			$ 0.025	$ 0.025	$ 0.025	$ 0.025	$ 0.0225	$ 0.0175	$ 0.0175	$ 0.0175
Development Stage Entities, Stock Issued, Value, Issued for Cash (in Dollars)	133,333	60,000	165,000	59,134	10,000	54,125	142,375	100,000					60,000	57,500			17,000	450
Debt Conversion, Converted Instrument, Shares Issued											674,286	674,286
Debt Conversion, Original Debt, Amount (in Dollars)									11,800		11,800
Stock Issued During Period, Shares, Other			8,000,000
Stock Issued During Period, Value, Other (in Dollars)			$ 105,600							$ (12,750)
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage		25.00%
Option Awards Termination, Number of Months After Death of Optionee		12 months
Option Awards Termination, Number of Days After Separation of Service From Company		90 days
Option Awards Termination, Number of Days After Separation of Service From Company If Directly Related to Investor Relations Services Provided To Company		30 days

XML

NOTE 7. NOTES PAYABLE (Details) (USD $)	12 Months Ended
	Apr. 30, 2013	Apr. 28, 2009
Debt Disclosure [Abstract]
Full Purchase Price, Land (in Dollars)		$ 67,742
Down-payment Percent of Land Purchase		30.00%
Debt Instrument, Interest Rate, Stated Percentage		10.00%
Debt Instrument, Periodic Payment (in Dollars)	$ 1,874
Long-term Debt, Maturities, Repayment Terms	10 years

XML

NOTE 5. PROVISION FOR INCOME TAXES (Details) - Deferred Tax Assets and Liabilities (USD $)	Apr. 30, 2013	Apr. 30, 2012
Deferred Tax Assets and Liabilities [Abstract]
NOL	$ 3,659,000	$ 3,357,000
Stock compensation expense	0	0
Installment sale gain	0	0
Impairment loss	0	0
Investments	0	0
Property, plant & equipment	(65)	(1,800)
Gross deferred tax assets	3,658,935	3,355,200
Less: Valuation allowance	(3,658,935)	(3,355,200)
Net deferred tax assets	$ 0	$ 0

XML

NOTE 3. RELATED PARTY TRANSACTIONS (Details) (USD $)	12 Months Ended											1 Months Ended	3 Months Ended	12 Months Ended		12 Months Ended
	Apr. 30, 2012	Apr. 30, 2013 Financial Report Preparation Fees [Member] General and Administrative Expense [Member] Forbush and Associates [Member]	Apr. 30, 2012 Financial Report Preparation Fees [Member] General and Administrative Expense [Member] Forbush and Associates [Member]	Apr. 30, 2013 Reimbursable Expenses [Member] General and Administrative Expense [Member] Forbush and Associates [Member]	Apr. 30, 2012 Reimbursable Expenses [Member] General and Administrative Expense [Member] Forbush and Associates [Member]	Apr. 30, 2013 Reimbursable Expenses [Member] Chief Executive Officer [Member]	Apr. 30, 2012 Reimbursable Expenses [Member] Chief Executive Officer [Member]	Apr. 30, 2013 Reimbursable Expenses [Member] Director [Member]	Apr. 30, 2012 Reimbursable Expenses [Member] Director [Member]	Apr. 30, 2013 Forbush and Associates [Member]	Apr. 30, 2012 Forbush and Associates [Member]	May 31, 2012 Chief Executive Officer [Member]	Apr. 30, 2012 Chief Executive Officer [Member]	Apr. 30, 2012 Chief Executive Officer [Member]	Apr. 30, 2013 Chief Executive Officer [Member]	Apr. 30, 2013 Dyer Engineering Consultants [Member]	Apr. 30, 2012 Dyer Engineering Consultants [Member]	Apr. 30, 2013 M & M Advisors [Member]
NOTE 3. RELATED PARTY TRANSACTIONS (Details) [Line Items]
Due to Related Parties										$ 23,522	$ 13,225		$ 100,000	$ 100,000	$ 130,000
Related Party Transaction, Expenses from Transactions with Related Party		26,912	33,725	289	289											1,820	9,618	31,000
Stock Issued During Period, Shares, Share-based Compensation, Gross (in Shares)												2,000,000
Accounts Payable, Related Parties, Current						8,491	9,056	0	48,744							34,663	44,281	0
Debt Conversion, Converted Instrument, Shares Issued (in Shares)													674,286	674,286
Debt Conversion, Original Debt, Amount (in Dollars)	$ 11,800												$ 11,800

XML

Consolidated Statements of Stockholders' Equity (Parentheticals) (USD $)	Apr. 30, 2007 Exercise of Share Purchase Warrants at $0.25 [Member]	Apr. 30, 2006 Exercise of Share Purchase Warrants at $0.25 [Member]	Apr. 30, 2008 Exercise of Share Purchase Warrants at $0.075[Member]	Apr. 30, 2008 Exercise of Share Purchase Warrants at $0.20[Member]	Apr. 30, 2008 Exercise of Share Purchase Warrants at $0.125[Member]	Apr. 30, 2008 Exercise of Share Purchase Warrants at $0.07[Member]	Apr. 30, 2008 Exercise of Share Purchase Warrants at $0.68[Member]	Apr. 30, 2008 Exercise of Share Purchase Warrants at $0.10 [Member]	Apr. 30, 2008 Exercise of Share Purchase Warrants at $0.114[Member]	Apr. 30, 2008 Exercise of Share Purchase Warrants at $0.05[Member]	Apr. 30, 2009 Exercise of Share Purchase Warrants at $0.85[Member]	Apr. 30, 2008 Exercise of Share Purchase Warrants at $0.85[Member]	Apr. 30, 2007 Common Stock Issued for Cash at $0.075 for Exploration Rights [Member]	Apr. 30, 2007 Common Stock Issed for Cash at $0.075 For Employee Incentive [Member]	Apr. 30, 2009 Common Stock Issued for Cash at $0.25 In Private Placement[Member]	Apr. 30, 2006 Common Stock Issued for Cash at $0.25 In Private Placement[Member]	Apr. 30, 2008 Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Apr. 30, 2007 Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Apr. 30, 2006 Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Apr. 30, 2006 Common Stock Issued for Cash at $0.001 In Private Placement[Member]	Apr. 30, 2009 Common Stock Issued for Cash at $0.075 In Private Placement[Member]	Apr. 30, 2007 Common Stock Issued for Cash at $0.075 In Private Placement[Member]	Apr. 30, 2009 Common Stock Issued for Cash at $0.2 In Private Placement[Member]	Apr. 30, 2008 Common Stock Issued for Cash at $0.2 In Private Placement[Member]	Apr. 30, 2013 Common Stock Issued for Cash At $0.015 in Private Placement [Member]	Apr. 30, 2008 Common Stock Issued for Cash At $0.015 in Private Placement [Member]	Apr. 30, 2010 Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Apr. 30, 2009 Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Apr. 30, 2008 Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Apr. 30, 2008 Common Stock Issued for Cash at $0.20 In Private Placement[Member]	Apr. 30, 2010 Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Apr. 30, 2009 Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Apr. 30, 2008 Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Apr. 30, 2009 Common Stock Issued for Cash at $0.14 In Private Placement[Member]	Apr. 30, 2009 Common Stock Issued for Cash at $0.18 In Private Placement[Member]	Apr. 30, 2009 Common Stock Issued for Cash at $0.10 In Private Placement[Member]	Apr. 30, 2012 Common Stock Issued for Cash at $0.02 In Private Placement[Member]	Apr. 30, 2010 Common Stock Issued for Cash at $0.02 In Private Placement[Member]	Apr. 30, 2012 Common Stock Issued for Cash at $0.022 In Private Placement[Member]	Apr. 30, 2010 Common Stock Issued for Cash at $0.022 In Private Placement[Member]	Apr. 30, 2011 Common Stock Issued for Cash at $0.033 In Private Placement[Member]	Apr. 30, 2010 Common Stock Issued for Cash at $0.033 In Private Placement[Member]	Apr. 30, 2010 Common Stock Issued for Cash at $0.035 In Private Placement[Member]	Apr. 30, 2011 Common Stock Issued for Cash at $0.04 In Private Placement[Member]	Apr. 30, 2010 Common Stock Issued for Cash at $0.04 In Private Placement[Member]	Apr. 30, 2010 Common Stock Issued for Cash at $0.045 In Private Placement[Member]	Apr. 30, 2010 Common Stock Issued for Cash at $0.005 In Private Placement[Member]	Apr. 30, 2011 Common Stock Issued for Cash at $0.042 In Private Placement[Member]	Apr. 30, 2011 Common Stock Issued for Cash at $0.036 In Private Placement[Member]	Apr. 30, 2011 Common Stock Issued for Cash at $0.040 In Private Placement[Member]	Apr. 30, 2011 Common Stock Issued for Cash at $0.0475 In Private Placement[Member]	Apr. 30, 2011 Common Stock Issued for Cash at $0.040 in Private Placement 1 [Member]	Apr. 30, 2012 Common Stock Issued for Cash at $0.0225 in Private Placement 3 [Member]	Apr. 30, 2012 Common Stock Issued for Cash at $0.0225 in Private Placement 2 [Member]	Apr. 30, 2012 Common Stock Issued for Cash at $0.0225 in Private Placement 4 [Member]	Apr. 30, 2012 Common Stock Issued for Cash at $0.0225 in Private Placement 5 [Member]	Apr. 30, 2012 Common Stock Issued for Cash at $0.025 in Private Placement 1 [Member]	Apr. 30, 2012 Common Stock Issued for Cash at $0.0225 in Private Placement 6 [Member]	Apr. 30, 2012 Common Stock Issued For Cash At $0.025 In Private Placement 3 [Member]	Apr. 30, 2012 Common Stock Issued For Cash At $0.0225 In Private Placement 7 [Member]	Apr. 30, 2012 Common Stock Issued For Cash At $0.0225 In Private Placement 8 [Member]	Apr. 30, 2013 Common Stock Issued for Cash At $0.015 in Private Placement 3 [Member]	Apr. 30, 2013 Common Stock Issued for Cash At $0.015 in Private Placement 4 [Member]	Apr. 30, 2013 Common Stock Issued for Cash At $0.015 in Private Placement 2 [Member]	Apr. 30, 2006 Common Stock Issued For Services To Convert Debt At $0.0185 [Member]	Apr. 30, 2008 Common Stock Issued For Services At $0.125 [Member]	Apr. 30, 2007 Common Stock Issued For Services At $0.125 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.075 [Member]	Apr. 30, 2007 Common Stock Issued For Services At $0.075 [Member]	Apr. 30, 2008 Common Stock Issued For Services To Convert Debt At $0.075 [Member]	Apr. 30, 2007 Common Stock Issued For Services To Convert Debt At $0.075 [Member]	Apr. 30, 2008 Common Stock Issued For Services To The Advisory Board At $0.15 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.017 [Member]	Apr. 30, 2013 Common Stock Issued For Services At $0.02 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.02 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.02 [Member]	Apr. 30, 2013 Common Stock Issued For Services At $0.021 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.021 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.021 [Member]	Apr. 30, 2013 Common Stock Issued For Services At $0.024 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.024 [Member]	Apr. 30, 2013 Common Stock Issued For Services At $0.025 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.025 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.029 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.03 [Member]	Apr. 30, 2011 Common Stock Issued For Services At $0.036 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.036 [Member]	Apr. 30, 2011 Common Stock Issued For Services At $0.05 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.05 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.08 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.086 [Member]	Apr. 30, 2009 Common Stock Issued For Services At $0.010 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.028 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.028 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.032 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.035 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.047 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.050 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.065 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.083 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.041 [Member]	Apr. 30, 2010 Common Stock Issued For Settlement Of Law Suit At $0.05 [Member]	Apr. 30, 2011 Common Stock Issued For Services At $0.048 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.048 [Member]	Apr. 30, 2010 Common Stock Issued For Services At $0.043 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.038 [Member]	Apr. 30, 2011 Common Stock Issued For Services At $0.038 [Member]	Apr. 30, 2011 Common Stock Issued For Land Lease Payments At $0.035 [Member]	Apr. 30, 2011 Common Stock Issued For Services At $0.045 [Member]	Apr. 30, 2011 Common Stock Issued for Services at $0.0431 [Member]	Apr. 30, 2011 Common Stock Issued for Services at $0.04 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.02967 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0284 2 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.029671 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0284 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0284 1 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0327 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.028 1 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0265 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0265 1 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0254 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0275 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0279 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0282 [Member]	Apr. 30, 2012 Common Stock Issued For Services At $0.0307 [Member]	Apr. 30, 2013 Common Stock Issued for Services at $0.016 [Member]	Apr. 30, 2013 Common Stock Issued for Services at $0.022 [Member]	Apr. 30, 2013 Common Stock Issued for Services At $0.0132 [Member]	Apr. 30, 2013 Common Stock Issued for Services At $0.0169 [Member]	Apr. 30, 2013 Common Stock Issued for Services At $0.019 [Member]	Apr. 30, 2013 Common Stock Issued for Services At $0.0213 [Member]	Apr. 30, 2013 Common Stock Issued for Services at $0.022 2 [Member]	Apr. 30, 2013 Common Stock Issued for Services at $0.02 3 [Member]	Apr. 30, 2013 Common Stock Issued for Services At $0.02 2[Member]	Apr. 30, 2013 Common Stock Issued for Services At $0.0206 [Member]	Apr. 30, 2013 Common Stock Issued for Services At $0.027 [Member]	Apr. 30, 2013 Common Stock Issued for Services At $0.0195 [Member]	Apr. 30, 2013 Common Stock Issued for Services At $0.0149 [Member]	Apr. 30, 2007 Common Stock Issued for Purchase of Fixed Asset at $0.075 [Member]	Apr. 30, 2007 Common Stock Issued for Cash at $0.075 [Member]	Apr. 30, 2008 Common Stock Issued for Purchase of Asset at $0.125 [Member]
Common Stock Issued, Price Per Share (in Dollars per share)	$ 0.25	$ 0.25	$ 0.075	$ 0.20	$ 0.125	$ 0.07	$ 0.068	$ 0.10	$ 0.114	$ 0.05	$ 0.085	$ 0.085	$ 0.075	$ 0.075	$ 0.25	$ 0.25	$ 0.125	$ 0.125	$ 0.125	$ 0.001	$ 0.075	$ 0.075	$ 0.2	$ 0.20	$ 0.015	$ 0.15	$ 0.015	$ 0.15	$ 0.15	$ 0.20	$ 0.05	$ 0.05	$ 0.05	$ 0.14	$ 0.18	$ 0.10	$ 0.02	$ 0.02	$ 0.0225	$ 0.022	$ 0.033	$ 0.033	$ 0.035	$ 0.04	$ 0.04	$ 0.045	$ 0.045	$ 0.042	$ 0.036	$ 0.040	$ 0.0475	$ 0.040	$ 0.0225	$ 0.0225	$ 0.0225	$ 0.0225	$ 0.025	$ 0.0225	$ 0.025	$ 0.0225	$ 0.0225	$ 0.015	$ 0.015	$ 0.015	$ 0.0185	$ 0.125	$ 0.125	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.15	$ 0.017	$ 0.02	$ 0.02	$ 0.02	$ 0.021	$ 0.0210	$ 0.021	$ 0.024	$ 0.024	$ 0.025	$ 0.025	$ 0.029	$ 0.03	$ 0.036	$ 0.036	$ 0.05	$ 0.05	$ 0.08	$ 0.086	$ 0.10	$ 0.028	$ 0.028	$ 0.032	$ 0.035	$ 0.047	$ 0.050	$ 0.065	$ 0.083	$ 0.041	$ 0.05	$ 0.048	$ 0.048	$ 0.043	$ 0.038	$ 0.038	$ 0.035	$ 0.045	$ 0.043	$ 0.04	$ 0.02967	$ 0.0284	$ 0.02967	$ 0.0284	$ 0.0284	$ 0.0327	$ 0.028	$ 0.0265	$ 0.0265	$ 0.0254	$ 0.0275	$ 0.0279	$ 0.0282	$ 0.0307	$ 0.016	$ 0.022	$ 0.0132	$ 0.0169	$ 0.019	$ 0.0213	$ 0.022	$ 0.02	$ 0.02	$ 0.0206	$ 0.027	$ 0.0195	$ 0.0149	$ 0.075	$ 0.075	$ 0.125

XML

NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

12 Months Ended

Apr. 30, 2013

Disclosure Text Block [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS

Nature of Business

Since March 2006, the Company’s principal business is the acquisition, exploration, and development of mineral properties, specifically the development of the Independence gold and silver mine located in north central Nevada.  The Company has not presently determined whether its properties contain mineral reserves that are economically recoverable.

The Company is considered a development (exploration) stage entity for financial reporting purposes by United States generally accepted accounting principles (US GAAP) since it has not generated material revenue from its principal business activities.

 Basis of Presentation and Consolidation

The accompanying consolidated financial statements have been prepared in accordance with US GAAP. The Company operates on an April 30 fiscal year end.

The accompanying consolidated financial statements include the accounts of General Metals Corporation and its wholly owned subsidiary, General Gold Corporation. Collectively, they are referred herein as the Company. All inter-company balances and transactions have been eliminated on consolidation.

Going Concern

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the liquidation of liabilities in the normal course of business. At April 30, 2013, the Company had an accumulated loss of $12,152,179, a cash balance of $4,717, no revenue, $684,355 in current liabilities and negative cash flows from operations. This raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from this uncertainty.

Management continues to seek funding from its shareholders and other qualified investors to pursue its exploration and development programs. These funds may be raised through equity financing, debt financing, or other sources, which may result in further dilution in the equity ownership of our shares. There is still no assurance that the Company will be able to maintain operations at a level sufficient for an investor to obtain a return on investment. Further, the Company may continue to be unprofitable. The Company needs to raise additional funds in the immediate future in order to proceed with its exploration program.

Reclassifications

The Company has revised the presentation of certain prior period amounts reported within the Consolidated Balance Sheet for payables to related parties. The revision had no impact on the total current liabilities, financial position, results of operations, or cash flows in the periods presented.

XML

NOTE 4. STOCKHOLDERS' EQUITY

12 Months Ended

Apr. 30, 2013

Stockholders' Equity Note [Abstract]

Stockholders' Equity Note Disclosure [Text Block]

NOTE 4. STOCKHOLDERS' EQUITY

Preferred Stock

The Company is authorized to issue 50,000,000 preferred shares with a par value of $0.001 per share. As of April 30, 2013 and 2012, no preferred stock has been issued and is outstanding.

Common Stock

The Company is authorized to issue 500,000,000 common shares with a par value of $0.001 per share at April 30, 2013.

The following detail of the Company’s common stock transactions includes only the two years ended April 30, 2013 and 2012. For previous transactions please refer to the appropriate period Form 10-K on file with the Securities and Exchange Commission. All statements and footnotes have been adjusted to reflect post-split values.

During the three months ended July 31, 2011, we issued a total of 6,444,444 shares; 2,000,000 shares were issued for services valued at $76,000; and 4,444,444 shares were issued to an investor in a private placement at $0.0225 per share for receipt of cash totaling $100,000.

During the three months ended October 31, 2011, we issued a total of 10,788,339 shares; 2,160,562 shares were issued for services valued at $60,503; 6,327,777 shares were issued to investors in private placements at $0.0225 per share for receipt of cash totaling $142,375; and 2,300,000 shares were issued to investors in private placements at $0.025 per share for receipt of cash totaling $57,500.

During the three months ended January 31, 2012, we issued a total of 7,291,180 shares; 2,485,625 shares were issued for services valued at $63,862; 2,405,555 shares were issued to investors in private placements at $0.0225 per share for receipt of cash totaling $54,125; and 2,400,000 shares were issued to investors in private placements at $0.025 per share for receipt of cash totaling $60,000.

During the three months ended April 30, 2012, we issued 1,967,286; 500,000 shares were issued to investors in private placements at $0.02 per share for receipt of cash totaling $10,000; 793,000 shares were issued to investors in private placements at $0.0225 per share for receipt of cash totaling $17,000; 674,286 shares were issued to reduce related party notes payable totaling $11,800.

During the three months ended July 31, 2012, we issued a total of 8,610,648 shares;  4,668,353 shares were issued for services valued at $96,818 to vendors; and 3,942,295 shares were issued for cash to investors in private placement at $0.015 per share for receipt of cash totaling $59,134.

During the three months ended October 31, 2012, we issued a total of 25,593,325 shares; 6,567,612 shares were issued for services valued at $137,034; 8,000,000 shares were issued to the Board of Directors and Officers as a stock grant award valued at $105,600; 11,000,000 shares were issued for cash to investors in private placement at $0.015 per share for receipt of cash totaling $165,000; 25,714 shares were issued for cash to an officer of the company in private placement at $0.0175 per share for receipt of cash totaling $450.

During the three months ended January 31, 2013, we issued a total of 6,340,952 shares; 2,340,952 shares were issued for services valued at $49,000 to vendors; and 4,000,000 shares were issued for cash to investors in private placement at $0.015 per share for receipt of cash totaling $60,000.

During the period ended January 31, 2013, the Board of Directors authorized options to be issued to its officers and directors but as of the date of this filing, the options have not been issued. The exercise price of the options shall be set at the close price on the date of issuance of the options.  The options will vest ratably over 3 years with 25% of the options vested immediately and 25% on each annual anniversary therefeafter till all options are fully vested. Expiration date of the option award will be determined at the date of issuance of the options. Option awards will terminate under certain circumstances such as: termination for cause; within 12 months of the date of death of the optionee; 90 days after separation of service from the company; or 30 days after separation of service from the company if directly related to investor relations services provided to the company.

During the three months ended April 30, 2013, we issued 14,056,171; 4,543,971 shares were issued for services valued at $83,386 to vendors; and 9,512,200 shares were issued for cash to investors in private placement at $0.015 per share for receipt of cash totaling $133,333.

Warrants (Non-employee)

As part of certain equity private placement transactions, the Company issues warrants. The following table illustrates the warrant activity for the periods ending April 30, 2013 and 2012.

	Shares			Weighted Average Exercise Price
Outstanding at April 30, 2011		17,815,035		$	0.07
Granted		19,170,776			0.05
Exercised	––			––
Forfeited/Expired		(14,815,035	)		0.08
Outstanding at April 30, 2012		22,170,776			0.05
Granted		35,378,865			0.02
Exercised	––			––
Forfeited/Expired		(15,970,776	)		0.05
Outstanding at April 30, 2013		41,578,865			0.04

		Warrants Outstanding
Range price ($)		Number of Warrants		Weighted Average Remaining Life (years)		Weighted Average Exercise Price
$	0.05		7,566,666		0.26	$	0.05
$	0.03		13,612,199		1.59	$	0.03
$	0.02		20,400,000		1.32	$	0.02

XML

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

12 Months Ended

Apr. 30, 2013

Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Use of estimates

The preparation of financial statements in conformity with US GAAP 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 revenues and expenses during the period. Actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents consist of cash and short term deposits with original maturities of three months or less when purchased. As of April 30, 2013 the Company had no cash equivalents.

Property and Equipment

Property and equipment is stated at cost and depreciated on a straight-line basis over the estimated economic useful lives of the assets, which range from three to seven years.

Following is a summary of property and equipment at April 30, 2013 and April 30, 2012:

	Fiscal Year Ended
	April 30, 2013			April 30, 2012
Furniture and Equipment	$	8,848		$	8,848
Vehicles		23,768			23,768
Less: Accumulated Depreciation		(31,969	)		(27,021	)
Property and Equipment, Net	$	647		$	5,595

Loss per Share

The Company computes net loss per share in accordance US GAAP. This requires presentation of both basic and diluted earnings per share (EPS) on the face of the income statement. Basic EPS is computed by dividing net loss by the weighted average number of shares outstanding during the period. Diluted EPS gives effect to all dilutive potential common shares outstanding during the period under the treasury stock method using the if-converted method. All periods presented reflect net losses, therefore, all instruments convertible to common shares are considered anti-dilutive.

Financial Instruments

The Company’s financial instruments consist of cash; cash in trust, short term investments, accounts payable, accrued liabilities and amounts due to related parties. The Company is not exposed to significant interest, currency or credit risks arising from these financial instruments. The fair value of cash, cash in trust, accounts payable and accrued liabilities and amounts due to related parties approximates their carrying values due to the immediate or short term maturity of these financial instruments.

Mineral Property Costs

Mineral property acquisition costs are capitalized. Exploration and development costs are expensed as incurred. When it has been determined that a mineral property can be economically developed as a result of establishing proven and probable reserves, the costs incurred to develop such property, are capitalized. Such costs will be amortized using the units-of-production method over the estimated life of the probable reserve. If mineral properties are subsequently abandoned or impaired, any capitalized costs will be charged to operations.

Long-Lived Assets

The carrying value of long-lived assets is reviewed on a regular basis for the existence of facts or circumstances that may suggest impairment. The Company recognizes impairment when the sum of the expected undiscounted future cash flows is less than the carrying amount of the asset. Impairment losses, if any, are measured as the excess of the carrying amount of the asset over its estimated fair value.

Reclamation Liabilities and Asset Retirement Obligations

Minimum standards for site reclamation and closure have been established by various government agencies that affect certain of our operations. The Company calculates estimates of reclamation liabilities based on current laws and regulations and the expected undiscounted future cash flows to be incurred in reclaiming, restoring, and closing of operating mine sites. US GAAP requires that the fair value of a liability for an asset retirement obligation be recognized in the period in which it is incurred. It further requires us to record a liability for the present value of our estimated environmental remediation costs and the related asset created with it when a recoverable asset (long-lived asset) can be realized.

Income Taxes

The Company recognizes deferred tax liabilities and assets using the liability method. Under this method, deferred tax liabilities and assets are determined based on the temporary differences between the financial statements carrying values and tax bases of assets and liabilities using enacted tax rates in effect in the years in which the differences are expected to reverse.  In determining the future tax consequences of events that have been recognized in the financial statements or tax returns, judgment and interpretation of statutes is required. Judgments and interpretation of statutes are inherent in this process. Future income tax assets are recorded in the financial statements if realization is considered more likely than not.

For previously taken tax positions considered to be uncertain, the Company prescribes a recognition threshold and measurement attribute.  In the event certain tax positions do not meet the appropriate recognition threshold, de-recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, and accounting for interest and penalties associated with tax positions is required.

The Company files income tax returns in the U.S. federal jurisdiction and various states. With limited exception, the Company is no longer subject to U.S. federal, state and local tax audits by taxing authorities for years before 2005.

Stock Issued For Services

The Company on occasion issues equity and equity linked instruments to non-employees in lieu of cash for the receipt of goods and services..   The applicable GAAP establishes that share-based payment transactions with nonemployees shall be measured at the fair value of the consideration received or the fair value of the equity instruments issued, whichever is more reliably measurable.

In these transactions, we issue unregistered and restricted equity instruments along with equity-linked instruments (warrants) that are convertible into unregistered and restricted shares of our common stock.

While we have shares of freely-traded stock with a quoted market price (a Level 1 input within the GAAP hierarchy), the fair value of the unregistered and restricted shares by the Company as valued by the quoted market price does not reflect the economic substance of the transactions, correspondingly, the quoted market price is not the most reliably measurable fair value.   We made this determination based upon the review of  the liquidity restrictions in our stock based upon average trading volume and the circumstances surrounding the issuance of private placements to accredited investors for cash in which each placement consists of one unit. Each unit is defined as one common share and one common share purchase warrant and the unit price is readily ascertainable.

In situations in which we issue unregistered restricted common shares and equity-linked instruments in exchange for goods and services, and the value of the goods and services are not the most reliably measurable, we recognize the fair value of the unregistered restricted equity instruments based on the value of similar instruments issued in private placements in exchange for cash in the most recent transactions (a Level 2 input within the GAAP hierarchy) based upon the contractual date of the agreement.   We have determined this methodology reflects the risk adjusted fair value of our unregistered restricted equity instruments using a commercially reasonable valuation technique.   

Recently Issued Accounting Pronouncements

There have been no recently issued accounting pronouncements that are expected to have a material impact on our consolidated financial position, results of operations, or cash flows.

XML

NOTE 4. STOCKHOLDERS' EQUITY (Details) - Warrants Outstanding by Price Range	Apr. 30, 2013	Apr. 30, 2012	Apr. 30, 2011
NOTE 4. STOCKHOLDERS' EQUITY (Details) - Warrants Outstanding by Price Range [Line Items]
Number of Warrants	41,578,865	22,170,776	17,815,035
Weighted Average Exercise Price (in Dollars per Item)	0.04	0.05	0.07
Range Price of $0.05 [Member]
NOTE 4. STOCKHOLDERS' EQUITY (Details) - Warrants Outstanding by Price Range [Line Items]
Number of Warrants	7,566,666
Weighted Average Remaining Life (years)	94 days
Weighted Average Exercise Price (in Dollars per Item)	0.05
Range Price of $0.03 [Member]
NOTE 4. STOCKHOLDERS' EQUITY (Details) - Warrants Outstanding by Price Range [Line Items]
Number of Warrants	13,612,199
Weighted Average Remaining Life (years)	1 year 215 days
Weighted Average Exercise Price (in Dollars per Item)	0.03
Range Price of $0.02 [Member]
NOTE 4. STOCKHOLDERS' EQUITY (Details) - Warrants Outstanding by Price Range [Line Items]
Number of Warrants	20,400,000
Weighted Average Remaining Life (years)	1 year 116 days
Weighted Average Exercise Price (in Dollars per Item)	0.02

XML

NOTE 5. PROVISION FOR INCOME TAXES (Details) - Reconciliation of Effective Income Tax Rates and Statutory Federal Tax Rates	12 Months Ended
	Apr. 30, 2013	Apr. 30, 2012
Reconciliation of Effective Income Tax Rates and Statutory Federal Tax Rates [Abstract]
Tax at federal statutory rate	35.00%	35.00%
Permanent differences	(0.10%)	(1.00%)
Net operating loss carry forward	(34.40%)	(33.60%)
Other temporary differences, net	(0.50%)	(0.40%)
Total	0.00%	0.00%

XML

NOTE 9. SUBSEQUENT EVENTS (Details) (Subsequent Event [Member], USD $)	12 Months Ended
	Apr. 30, 2013
Subsequent Event [Member]
NOTE 9. SUBSEQUENT EVENTS (Details) [Line Items]
Proceeds from Issuance of Private Placement	$ 57,250
Proceeds from Notes Payable	$ 6,150

XML

Consolidated Balance Sheets (Parentheticals) (USD $)	Apr. 30, 2013	Apr. 30, 2012
Preferred stock, authorized shares (in Shares)	50,000,000	50,000,000
Preferred stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Preferred stock, zero issued (in Shares)	0	0
Preferred stock, zero outstanding (in Shares)	0	0
Common stock, authorized shares (in Shares)	500,000,000	500,000,000
Common stock, par value (in Dollars per share)	$ 0.001	$ 0.001
Common stock, issued (in Shares)	348,796,328	294,195,232
Common stock, outstanding (in Shares)	348,796,328	294,195,232

XML

NOTE 7. NOTES PAYABLE

12 Months Ended

Apr. 30, 2013

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

NOTE 7. NOTES PAYABLE

On April 28, 2009, the Company purchased 480 acres of private land which will be used for mineral processing, equipment storage and maintenance. The full purchase price was $67,742 with 30% down and the balance by way of seller financing at 10% per annum for a period of 10 years with quarterly payments of $1,874 amortized over 10 years with no pre-payment penalty. The note is secured by the land.

Future principal repayments at April 30, 2013 are as follows:

	Short-term Note Payable & Secured Note Payable
2014	$	5,421
2015		4,749
2016		5,242
2017		5,786
2018		6,386
Thereafter		6,942
Total	$	34,526

XML

Consolidated Statements of Stockholders' Equity (USD $)	Cash Received For Subscriptions Receivable[Member] Stock Subscriptions Receivable [Member]	Cash Received For Subscriptions Receivable[Member]	Cash Received For Subscriptions Receivable[Member] Stock Subscriptions Receivable [Member]	Cash Received For Subscriptions Receivable[Member]	Cash Received For Subscriptions Receivable 1 [Member] Stock Subscriptions Receivable [Member]	Cash Received For Subscriptions Receivable 1 [Member]	Cash Received For Subscriptions Receivable 2 [Member] Stock Subscriptions Receivable [Member]	Cash Received For Subscriptions Receivable 2 [Member]	Cash Received For Subscriptions Receivable[Member] Stock Subscriptions Receivable [Member]	Cash Received For Subscriptions Receivable[Member]	Cash Received For Subscriptions Receivable[Member] Stock Subscriptions Receivable [Member]	Cash Received For Subscriptions Receivable[Member]	Cash Received For Subscriptions Receivable[Member] Stock Subscriptions Receivable [Member]	Cash Received For Subscriptions Receivable[Member]	Cash Received For Subscriptions Receivable[Member] Stock Subscriptions Receivable [Member]	Cash Received For Subscriptions Receivable[Member]	Cash Received For Subscriptions Receivable[Member] Stock Subscriptions Receivable [Member]	Cash Received For Subscriptions Receivable[Member]	Exercise of Share Purchase Warrants at $.075 [Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $.075 [Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $.075 [Member]	Exercise of Share Purchase Warrants at $0.075[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.075[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.075[Member] Stock Subscriptions Receivable [Member]	Exercise of Share Purchase Warrants at $0.20[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.20[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.20[Member]	Exercise of Share Purchase Warrants at $0.125[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.125[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.125[Member]	Exercise of Share Purchase Warrants at $0.20[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.20[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.20[Member]	Exercise of Share Purchase Warrants at $0.07[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.07[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.07[Member]	Exercise of Share Purchase Warrants at $0.68[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.68[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.68[Member]	Exercise of Share Purchase Warrants at $0.114[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.114[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.114[Member]	Exercise of Share Purchase Warrants at $0.114[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.114[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.114[Member]	Exercise of Share Purchase Warrants at $0.068[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.068[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.068[Member]	Exercise of Share Purchase Warrants at $0.05[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.05[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.05[Member]	Exercise of Share Purchase Warrants at $0.85[Member] Common Stock [Member]	Exercise of Share Purchase Warrants at $0.85[Member] Additional Paid-in Capital [Member]	Exercise of Share Purchase Warrants at $0.85[Member] Stock Subscriptions Receivable [Member]	Exercise of Share Purchase Warrants at $0.85[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.25 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.25 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.001 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.075 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.2 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash At $0.015 in Private Placement [Member]	Common Stock [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.20 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.20 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.14 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.18 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.075 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.10 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.02 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.022 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.025 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.033 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.035 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.035 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.04 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.04 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.045 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.005 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.042 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.042 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.033 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.036 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.040 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.0475 In Private Placement[Member]	Common Stock [Member] Common Stock Issued for Cash at $0.040 in Private Placement 1 [Member]	Common Stock [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 3 [Member]	Common Stock [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 1 [Member]	Common Stock [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 2 [Member]	Common Stock [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 4 [Member]	Common Stock [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 5 [Member]	Common Stock [Member] Common Stock Issued for Cash at $0.025 in Private Placement 1 [Member]	Common Stock [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 6 [Member]	Common Stock [Member] Common Stock Issued For Cash At $0.025 In Private Placement 3 [Member]	Common Stock [Member] Common Stock Issued For Cash At $0.0225 In Private Placement 7 [Member]	Common Stock [Member] Common Stock Issued For Cash At $0.0225 In Private Placement 8 [Member]	Common Stock [Member] Common Stock Issued for Cash At $0.0175 in Private Placement [Member]	Common Stock [Member] Common Stock Issued for Cash At $0.015 in Private Placement 3 [Member]	Common Stock [Member] Common Stock Issued for Cash At $0.015 in Private Placement 4 [Member]	Common Stock [Member] Common Stock Issued for Cash At $0.015 in Private Placement 2 [Member]	Common Stock [Member] Common Stock Issued For Services To Convert Debt At $0.0185 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.125 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.125 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.075 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.075 [Member]	Common Stock [Member] Common Stock Issued For Services To Convert Debt At $0.075 [Member]	Common Stock [Member] Common Stock Issued For Services To Convert Debt At $0.075 [Member]	Common Stock [Member] Common Stock Issued For Services To The Advisory Board At $0.15 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.017 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.02 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.021 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.024 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.025 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.029 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.03 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.036 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.05 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.08 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.086 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.010 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.02 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.028 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.032 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.035 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.047 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.050 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.050 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.065 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.083 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.041 [Member]	Common Stock [Member] Common Stock Issued For Settlement Of Law Suit At $0.05 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.048 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.043 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.038 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.038 [Member]	Common Stock [Member] Common Stock Issued For Land Lease Payments At $0.035 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.036 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.048 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.05 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.045 [Member]	Common Stock [Member] Common Stock Issued for Services at $0.0431 [Member]	Common Stock [Member] Common Stock Issued for Services at $0.04 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0297 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.02967 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0284 2 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.029671 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0284 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0284 1 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0327 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.028 1 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0265 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0265 1 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0254 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0275 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0279 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0282 [Member]	Common Stock [Member] Common Stock Issued For Services At $0.0307 [Member]	Common Stock [Member] Common Stock Issued for Services at $0.016 [Member]	Common Stock [Member] Common Stock Issued for Services at $0.022 [Member]	Common Stock [Member] Common Stock Issued for Services At $0.0132 [Member]	Common Stock [Member] Common Stock Issued for Services At $0.0169 [Member]	Common Stock [Member] Common Stock Issued for Services At $0.019 [Member]	Common Stock [Member] Common Stock Issued for Services At $0.0213 [Member]	Common Stock [Member] Common Stock Issued for Services at $0.022 2 [Member]	Common Stock [Member] Common Stock Issued for Services at $0.02 3 [Member]	Common Stock [Member] Common Stock Issued for Services At $0.02 2[Member]	Common Stock [Member] Common Stock Issued for Services At $0.0206 [Member]	Common Stock [Member] Common Stock Issued for Services At $0.027 [Member]	Common Stock [Member] Common Stock Issued for Services At $0.0195 [Member]	Common Stock [Member] Common Stock Issued for Services At $0.0149 [Member]	Common Stock [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.25 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.25 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.001 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.075 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.2 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash At $0.015 in Private Placement [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.20 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.20 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.14 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.18 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.075 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.10 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.02 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.022 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.025 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.033 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.035 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.035 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.04 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.04 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.045 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.005 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.042 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.042 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.033 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.036 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.040 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.0475 In Private Placement[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.040 in Private Placement 1 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 3 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 1 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 2 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 4 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 5 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.025 in Private Placement 1 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash at $0.0225 in Private Placement 6 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Cash At $0.025 In Private Placement 3 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Cash At $0.0225 In Private Placement 7 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Cash At $0.0225 In Private Placement 8 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash At $0.0175 in Private Placement [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash At $0.015 in Private Placement 3 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash At $0.015 in Private Placement 4 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Cash At $0.015 in Private Placement 2 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services To Convert Debt At $0.0185 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.125 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.125 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.075 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.075 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services To Convert Debt At $0.075 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services To Convert Debt At $0.075 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services To The Advisory Board At $0.15 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.017 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.02 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.021 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.024 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.025 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.029 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.03 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.036 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.05 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.08 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.086 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.010 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.02 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.028 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.032 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.035 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.047 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.050 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.050 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.065 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.083 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.041 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Settlement Of Law Suit At $0.05 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.048 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.043 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.038 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.038 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Land Lease Payments At $0.035 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.036 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.048 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.05 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.045 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services at $0.0431 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services at $0.04 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0297 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.02967 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0284 2 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.029671 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0284 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0284 1 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0327 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.028 1 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0265 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0265 1 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0254 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0275 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0279 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0282 [Member]	Additional Paid-in Capital [Member] Common Stock Issued For Services At $0.0307 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services at $0.016 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services at $0.022 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services At $0.0132 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services At $0.0169 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services At $0.019 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services At $0.0213 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services at $0.022 2 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services at $0.02 3 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services At $0.02 2[Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services At $0.0206 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services At $0.027 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services At $0.0195 [Member]	Additional Paid-in Capital [Member] Common Stock Issued for Services At $0.0149 [Member]	Additional Paid-in Capital [Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.25 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.075 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.2 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.14 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.02 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.04 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.045 In Private Placement[Member]	Stock Subscriptions Receivable [Member] Common Stock Issued for Cash at $0.005 In Private Placement[Member]	Stock Subscriptions Receivable [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Common Stock Issued for Cash at $0.25 In Private Placement[Member]	Common Stock Issued for Cash at $0.25 In Private Placement[Member]	Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock Issued for Cash at $0.001 In Private Placement[Member]	Common Stock Issued for Cash at In Private Placement[Member]	Common Stock Issued for Cash at $0.075 In Private Placement[Member]	Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock Issued for Cash at $0.125 In Private Placement[Member]	Common Stock Issued for Cash at $0.2 In Private Placement[Member]	Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Common Stock Issued for Cash At $0.015 in Private Placement [Member]	Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Common Stock Issued for Cash at $0.20 In Private Placement[Member]	Common Stock Issued for Cash at $0.20 In Private Placement[Member]	Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Common Stock Issued for Cash at $0.14 In Private Placement[Member]	Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Common Stock Issued for Cash at $0.18 In Private Placement[Member]	Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Common Stock Issued for Cash at $0.075 In Private Placement[Member]	Common Stock Issued for Cash at $0.10 In Private Placement[Member]	Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Common Stock Issued for Cash at $0.15 In Private Placement[Member]	Common Stock Issued for Cash at $0.02 In Private Placement[Member]	Common Stock Issued for Cash at $0.022 In Private Placement[Member]	Common Stock Issued for Cash at $0.025 In Private Placement[Member]	Common Stock Issued for Cash at $0.033 In Private Placement[Member]	Common Stock Issued for Cash at $0.035 In Private Placement[Member]	Common Stock Issued for Cash at $0.035 In Private Placement[Member]	Common Stock Issued for Cash at $0.04 In Private Placement[Member]	Common Stock Issued for Cash at $0.04 In Private Placement[Member]	Common Stock Issued for Cash at $0.045 In Private Placement[Member]	Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Common Stock Issued for Cash at $0.005 In Private Placement[Member]	Common Stock Issued for Cash at $0.05 In Private Placement[Member]	Common Stock Issued for Cash at $0.042 In Private Placement[Member]	Common Stock Issued for Cash at $0.042 In Private Placement[Member]	Common Stock Issued for Cash at $0.033 In Private Placement[Member]	Common Stock Issued for Cash at $0.036 In Private Placement[Member]	Common Stock Issued for Cash at $0.040 In Private Placement[Member]	Common Stock Issued for Cash at $0.0475 In Private Placement[Member]	Common Stock Issued for Cash at $0.040 in Private Placement 1 [Member]	Common Stock Issued for Cash at $0.0225 in Private Placement 3 [Member]	Common Stock Issued for Cash at $0.0225 in Private Placement 1 [Member]	Common Stock Issued for Cash at $0.0225 in Private Placement 2 [Member]	Common Stock Issued for Cash at $0.0225 in Private Placement 4 [Member]	Common Stock Issued for Cash at $0.0225 in Private Placement 5 [Member]	Common Stock Issued for Cash at $0.025 in Private Placement 1 [Member]	Common Stock Issued for Cash at $0.0225 in Private Placement 6 [Member]	Common Stock Issued For Cash At $0.025 In Private Placement 3 [Member]	Common Stock Issued For Cash At $0.0225 In Private Placement 7 [Member]	Common Stock Issued For Cash At $0.0225 In Private Placement 8 [Member]	Common Stock Issued for Cash At $0.0175 in Private Placement [Member]	Common Stock Issued for Cash At $0.015 in Private Placement 3 [Member]	Common Stock Issued for Cash At $0.015 in Private Placement 4 [Member]	Common Stock Issued for Cash At $0.015 in Private Placement 2 [Member]	Common Stock Issued For Services To Convert Debt At $0.0185 [Member]	Common Stock Issued For Services At $0.125 [Member]	Common Stock Issued For Services At $0.125 [Member]	Common Stock Issued For Services At $0.075 [Member]	Common Stock Issued For Services At $0.075 [Member]	Common Stock Issued For Services To Convert Debt At $0.075 [Member]	Common Stock Issued For Services To Convert Debt At $0.075 [Member]	Common Stock Issued For Services To The Advisory Board At $0.15 [Member]	Common Stock Issued For Services At $0.017 [Member]	Common Stock Issued For Services At $0.02 [Member]	Common Stock Issued For Services At $0.021 [Member]	Common Stock Issued For Services At $0.024 [Member]	Common Stock Issued For Services At $0.025 [Member]	Common Stock Issued For Services At $0.029 [Member]	Common Stock Issued For Services At $0.03 [Member]	Common Stock Issued For Services At $0.036 [Member]	Common Stock Issued For Services At $0.05 [Member]	Common Stock Issued For Services At $0.08 [Member]	Common Stock Issued For Services At $0.086 [Member]	Common Stock Issued For Services At $0.010 [Member]	Common Stock Issued For Services At $0.02 [Member]	Common Stock Issued For Services At $0.028 [Member]	Common Stock Issued For Services At $0.032 [Member]	Common Stock Issued For Services At $0.035 [Member]	Common Stock Issued For Services At $0.047 [Member]	Common Stock Issued For Services At $0.050 [Member]	Common Stock Issued For Services At $0.050 [Member]	Common Stock Issued For Services At $0.065 [Member]	Common Stock Issued For Services At $0.083 [Member]	Common Stock Issued For Services At $0.041 [Member]	Common Stock Issued For Settlement Of Law Suit At $0.05 [Member]	Common Stock Issued For Services At $0.048 [Member]	Common Stock Issued For Services At $0.043 [Member]	Common Stock Issued For Services At $0.038 [Member]	Common Stock Issued For Services At $0.038 [Member]	Common Stock Issued For Land Lease Payments At $0.035 [Member]	Common Stock Issued For Services At $0.036 [Member]	Common Stock Issued For Services At $0.048 [Member]	Common Stock Issued For Services At $0.05 [Member]	Common Stock Issued For Services At $0.045 [Member]	Common Stock Issued for Services at $0.0431 [Member]	Common Stock Issued for Services at $0.04 [Member]	Common Stock Issued For Services At $0.0297 [Member]	Common Stock Issued For Services At $0.02967 [Member]	Common Stock Issued For Services At $0.0284 2 [Member]	Common Stock Issued For Services At $0.029671 [Member]	Common Stock Issued For Services At $0.0284 [Member]	Common Stock Issued For Services At $0.0284 1 [Member]	Common Stock Issued For Services At $0.0327 [Member]	Common Stock Issued For Services At $0.028 1 [Member]	Common Stock Issued For Services At $0.0265 [Member]	Common Stock Issued For Services At $0.0265 1 [Member]	Common Stock Issued For Services At $0.0254 [Member]	Common Stock Issued For Services At $0.0275 [Member]	Common Stock Issued For Services At $0.0279 [Member]	Common Stock Issued For Services At $0.0282 [Member]	Common Stock Issued For Services At $0.0307 [Member]	Common Stock Issued for Services at $0.016 [Member]	Common Stock Issued for Services at $0.022 [Member]	Common Stock Issued for Services At $0.0132 [Member]	Common Stock Issued for Services At $0.0169 [Member]	Common Stock Issued for Services At $0.019 [Member]	Common Stock Issued for Services At $0.0213 [Member]	Common Stock Issued for Services at $0.022 2 [Member]	Common Stock Issued for Services at $0.02 3 [Member]	Common Stock Issued for Services At $0.02 2[Member]	Common Stock Issued for Services At $0.0206 [Member]	Common Stock Issued for Services At $0.027 [Member]	Common Stock Issued for Services At $0.0195 [Member]	Common Stock Issued for Services At $0.0149 [Member]	Total
Balance at Apr. 30, 2005																																																																																																																																																																																									$ 34,489																																																																																																																																		$ 447,388																$ (127,500)	$ (208,251)																																																																																																																																		$ 146,126
Balance (in Shares) at Apr. 30, 2005																																																																																																																																																																																									34,489,840
Cash received for subscriptions receivable	127,500	127,500
Common Stock issued for cash in private placement																																																								48		29	3,060																																																																																																																															4,952		2,971	313,128																																																																																																																																																	5,000		3,000	316,188
Common Stock issued for cash in private placement (in Shares)																																																								48,400		29,040	3,060,695
Common Stock Issued in Reorganization																																																																																																																																																																																									9,281																																																																																																																																		(788,827)																	208,251																																																																																																																																		(571,295)
Common Stock Issued in Reorganization (in Shares)																																																																																																																																																																																									9,280,195
Common Stock Issued for claims and services																																																												6,050																																																							24,239																																																																											529,800																																																							589,795																																																																																													535,850																																																						614,034
Common Stock Issued for claims and services (in Shares)																																																												6,050,000																																																							24,238,000
Common Stock issued as incentive																																																																																																																																																																																									605																																																																																																																																		(105)																																																																																																																																																			500
Common Stock issued as incentive (in Shares)																																																																																																																																																																																									605,000
Common Stock Returned and Cancelled																																																																																																																																																																																									(605)																																																																																																																																		105																																																																																																																																																			(500)
Common Stock Returned and Cancelled (in Shares)																																																																																																																																																																																									(605,000)
Common Stock issued in exercise of puchase warrants																																																																																																																																																																																									773																																																																																																																																		158,977																																																																																																																																																			159,750
Common Stock issued in exercise of purchase warrants (in Shares)																																																																																																																																																																																									773,190
Net (Loss)																																																																																																																																																																																																																																																																																																																																												(637,068)																																																																																																																																		(637,068)
Balance at Apr. 30, 2006																																																																																																																																																																																									77,969																																																																																																																																		1,258,184																	(637,068)																																																																																																																																		699,085
Balance (in Shares) at Apr. 30, 2006																																																																																																																																																																																									77,969,360
Cash received for subscriptions receivable			137,800	137,800
Stock-based compensation expense																																																																																																																																																																																																																																																																																																																											1,447,734																																																																																																																																																			1,447,734
Common Stock issued for cash in private placement																																																													484	4,147	2,565	399																																																																																																																															49,516	252,903	262,435	40,901																																																																																																																												(50,000)	(163,800)	(41,300)																				93,250	265,000
Common Stock issued for cash in private placement (in Shares)																																																													484,000	4,147,069	2,565,200	399,784
Common Stock Issued for claims and services																																																																																																																				174		363		564																																																																	1,210																																																													17,826		22,137		34,436																																																																	249,718																																																																														18,000		22,500		35,000																																																																	250,928
Common Stock Issued for claims and services (in Shares)																																																																																																																				174,240		363,000		564,666																																																																	1,210,000
Common Stock issued for purchase of assets																																																																																																																																																																																									242																																																																																																																																		14,758																																																																																																																																																			15,000
Common Stock issued for purchase of assets (in Shares)																																																																																																																																																																																									242,000
Common Stock Issued for Cash at $0.075																																																																																																																																																																																									180																																																																																																																																		11,036																																																																																																																																																			11,216
Common Stock Issued for Cash at $0.075 (in Shares)																																																																																																																																																																																									180,945
Common Stock issued as incentive																																																																																																																																																																																									303																																																																																																																																		18,448																																																																																																																																																			18,751
Common Stock issued as incentive (in Shares)																																																																																																																																																																																									302,500
Deposit received on Private Placement																																																																																																																																																																																																																																																																																																																													76,000																						76,000
Common Stock issued in exercise of puchase warrants																																																																																																																																																																																									121																																																																																																																																		24,879																																																																																																																																																			25,000
Common Stock issued in exercise of purchase warrants (in Shares)																																																																																																																																																																																									121,000
Net (Loss)																																																																																																																																																																																																																																																																																																																																												(2,087,666)																																																																																																																																		(2,087,666)
Balance at Apr. 30, 2007																																																																																																																																																																																									88,721																																																																																																																																		3,704,911																(41,300)	(2,724,734)																																																																																																																																		1,027,598
Balance (in Shares) at Apr. 30, 2007																																																																																																																																																																																									88,723,764
Cash received for subscriptions receivable			50,300	50,300	151,000	151,000	38,500	38,500
Stock-based compensation expense																																																																																																																																																																																																																																																																																																																											139,333																																																																																																																																																			139,333
Common Stock issued for cash in private placement																																																																	734	58	2,753	990		110	649	110	440																																																																																																																48										75,066	6,501	484,247	134,010		14,890	58,351	9,890	19,560																																																																																																																6,597						(160,000)	(35,000)																				75,800	6,559	327,000	100,000		15,000	59,000	10,000	20,000																																																																																																																6,645
Common Stock issued for cash in private placement (in Shares)																																																																	733,744	57,717	2,753,300	990,000		110,000	649,000	110,000	440,000																																																																																																																48,729
Common Stock Issued for claims and services																																																																																																																					110				564	2,200																																																																																																																													12,390				34,436	297,800																																																																																																																																														12,500				35,000	300,000
Common Stock Issued for claims and services (in Shares)																																																																																																																					110,000				564,666	2,200,000
Common Stock issued for purchase of assets																																																																																																																																																																																									145																																																																																																																																		14,855																																																																																																																																																			15,000
Common Stock issued for purchase of assets (in Shares)																																																																																																																																																																																									145,200
Common Stock issued in exercise of puchase warrants																			2,774	156,991	159,765	96	8,904	(9,000)	721	118,280	119,001	48	4,952	5,000	238	42,962	43,200	806	49,194	50,000	162	9,838	10,000	194	19,806	20,000	2	248	250	162	9,838	10,000	303	13,448	13,751	33	2,467		2,500																																																																																																																																		121																																																																																																																																		7,379																																																																																																																																																			7,500
Common Stock issued in exercise of purchase warrants (in Shares)																			2,773,077			95,334			719,950			48,400			237,600			806,667			161,334			193,600			2,420			160,930			302,500			32,353																																																																																																																																					121,000
Net (Loss)																																																																																																																																																																																																																																																																																																																																												(1,982,382)																																																																																																																																		(1,982,382)
Balance at Apr. 30, 2008																																																																																																																																																																																									103,292																																																																																																																																		5,457,144																(5,500)	(4,707,116)																																																																																																																																		847,820
Balance (in Shares) at Apr. 30, 2008																																																																																																																																																																																									103,291,285
Cash received for subscriptions receivable									5,500	5,500
Unrealized Gain/(Loss) on Available-for-sale																																																																																																																																																																																																																																																																																																																																													25,000
Net (Loss)																																																																																																																																																																																																																																																																																																																																												(1,476,327)
Total comprehensive income (loss)																																																																																																																																																																																																																																																																																																																																																																																																																																																																														(1,451,327)
Common Stock issued for cash in private placement																																																									2,752										9,240							7,700	2,200	1,100	9,101	957	165	458																																																																																																											59,748										158,760							92,300	27,800	16,400	379,499	64,193	14,835	30,742																																																																																																										(1,000)					(15,000)		(95,000)	(14,387)	(34,000)										61,500									153,000							5,000	15,613	17,500	354,600	65,150	15,000	31,200
Common Stock issued for cash in private placement (in Shares)																																																									2,752,200										9,240,000							7,700,000	2,200,000	1,100,000	9,101,400	957,000	165,000	457,600
Common Stock Issued for claims and services																																																																																																																							922				825	3,850	4,675	2,750	1,100	640	11,000	12,100	3,410	4,562	2,200	165																																																																																																																			61,828				12,175	66,150	84,575	57,250	23,900	20,268	289,000	383,900	151,590	327,198	169,800	14,835																																																																																																																																				62,750				13,000	70,000	89,250	60,000	25,000	20,908	300,000	396,000	155,000	331,760	172,000	15,000
Common Stock Issued for claims and services (in Shares)																																																																																																																							921,800				825,000	3,850,000	4,675,000	2,750,000	1,100,000	639,536	11,000,000	12,100,000	3,410,000	4,561,700	2,200,000	165,000
Cancellation of Issued Common Stock due to non-payment on receivable																																																																																																																																																																																									(198)																																																																																																																																		(8,802)																9,000
Cancellation of Issued Common Stock due to non-payment on receivable (in Shares)																																																																																																																																																																																									(198,000)
Common Stock issued in exercise of puchase warrants																																																				37	2,838	(625)	2,250
Common Stock issued in exercise of purchase warrants (in Shares)																																																				37,323
Balance at Apr. 30, 2009																																																																																																																																																																																									185,003																																																																																																																																		7,957,926																(151,012)	(6,183,443)	25,000																																																																																																																																	1,833,474
Balance (in Shares) at Apr. 30, 2009																																																																																																																																																																																									185,001,844
Cash received for subscriptions receivable											110,000	110,000	24,622	24,622	19,137	19,137
Reclassification of losses on Available-for-Sale Securities (net of tax)																																																																																																																																																																																																																																																																																																																																													(25,000)																																																																																																																																	(25,000)
Total comprehensive income (loss)																																																																																																																																																																																																																																																																																																																																																																																																																																																																														(3,475,281)
Common Stock issued for cash in private placement																																																																																	19,318	1,766	3,355	770	330	264	346	1,238		7,750	1,199	3,160	484																																																																																																																						244,107	30,335	64,405	16,730	9,670	8,136	10,654	43,763		309,392	53,301	126,070	21,516																																																																																																							(16,250)	(1,700)	(12,900)	(30,422)	(10,000)																												247,175	30,401	67,760	17,500	10,000	8,400	11,000	32,100		286,720	54,500	119,230	22,000
Common Stock issued for cash in private placement (in Shares)																																																																																	19,317,832	1,765,500	3,355,000	770,000	330,000	264,000	345,730	1,237,500		7,752,141	1,199,000	3,159,640	484,000
Common Stock Issued for claims and services																																																																																																																																							1,100	9,240	1,650	13	110	825	275	66	73	2,035	1,100	550	330																																																																																																																						18,900	225,960	46,350	426	4,590	36,675	12,225	3,834	5,427	73,815	48,900	23,450	12,570																																																																																																																																							20,000	235,200	48,000	440	4,700	37,500	12,500	3,900	5,500	75,850	50,000	24,000	12,900
Common Stock Issued for claims and services (in Shares)																																																																																																																																							1,100,000	9,240,000	1,650,000	13,750	110,000	825,000	275,000	66,000	73,333	2,035,000	1,100,000	550,000	330,000
Cancellation of Issued Common Stock due to non-payment on receivable																																																																																																																																																																																									(1,096)																																																																																																																																		(42,429)																43,525
Cancellation of Issued Common Stock due to non-payment on receivable (in Shares)																																																																																																																																																																																									(1,096,370)
Net (Loss)																																																																																																																																																																																																																																																																																																																																												(3,475,281)
Balance at Apr. 30, 2010																																																																																																																																																																																									241,254																																																																																																																																		9,366,698																(25,000)	(9,658,724)																																																																																																																																		(75,772)
Balance (in Shares) at Apr. 30, 2010																																																																																																																																																																																									241,253,900
Cash received for subscriptions receivable																	20,000	20,000
Total comprehensive income (loss)																																																																																																																																																																																																																																																																																																																																																																																																																																																																														(822,809)
Common Stock issued for cash in private placement																																																																																														557	35		11,495	1,375	316	2,031																																																																																																																												20,693	1,315		406,505	53,625	14,684	84,804																																																																																																																																													21,250	1,350		418,000	55,000	15,000	86,835
Common Stock issued for cash in private placement (in Shares)																																																																																														556,547	35,356		11,495,000	1,375,000	315,790	2,030,890
Common Stock issused to close previous Private Placement unissued due to insufficient authorized shares at $0.033																																																																																									413							3,300																																																																																																																											14,587							96,700																																																																																																																																												15,000							100,000
Common Stock issused to close previous Private Placement unissued due to insufficient authorized shares at $0.033 (in Shares)																																																																																									412,500							3,300,000
Common Stock Issued for claims and services																																																																																																																																																				550	1,050	1,650	385	500	660	484	1,300	350																																																																																																																										18,450	57,225	52,350	15,365	23,500	35,970	24,156	54,600	13,650																																																																																																																																											19,000	58,275	54,000	15,750	24,000	36,630	24,640	55,900	14,000
Common Stock Issued for claims and services (in Shares)																																																																																																																																																				550,000	1,050,000	1,650,000	385,000	500,000	660,000	484,000	1,300,000	350,000
Reduction to subscription receivable on outstanding subscription																																																																																																																																																																																																																																																																																																																											(5,000)																5,000
Net (Loss)																																																																																																																																																																																																																																																																																																																																												(822,809)
Balance at Apr. 30, 2011																																																																																																																																																																																									267,705																																																																																																																																		10,349,877																	(10,481,533)																																																																																																																																		136,049
Balance (in Shares) at Apr. 30, 2011																																																																																																																																																																																									267,703,983
Total comprehensive income (loss)																																																																																																																																																																																																																																																																																																																																																																																																																																																																														(803,608)
Common Stock issued for cash in private placement																																																																																		500	4,444	2,100																	1,111	1,111	350	200	2,222	200	1,333	2,400	2,406	793																																																																																																						9,500	95,556	50,400																	23,889	23,889	7,525	4,300	47,778	4,800	28,667	57,600	51,719	16,207																																																																																																																							10,000	100,000	52,500																	25,000	25,000	7,875	4,500	50,000	5,000	30,000	60,000	54,125	17,000
Common Stock issued for cash in private placement (in Shares)																																																																																		500,000	4,444,444	2,100,000																	1,111,111	1,111,111	350,000	200,000	2,222,222	200,000	1,333,333	2,400,000	2,405,555	793,000
Common Stock issued to reduce related party loans at $0.0175																																																																																																																																																																																									674																																																																																																																																		11,126																																																																																																																																																			11,800
Common Stock issued to reduce related party loans at $0.0175 (in Shares)																																																																																																																																																																																									674,286
Common Stock Issued for claims and services																																																																																																																													530											107													2,000								101	202	141	202	141	141	61	214	80	770	710	1,000	80	35	130																																																																																				10,600											2,893													74,000								2,899	5,798	3,859	5,798	3,859	3,859	1,939	5,764	2,040	19,635	17,290	26,500	2,152	965	3,870																																																																																																					11,130											3,000													76,000								3,000	6,000	4,000	6,000	4,000	4,000	2,000	5,978	2,120	20,405	18,000	27,500	2,232	1,000	4,000
Common Stock Issued for claims and services (in Shares)																																																																																																																													530,000											107,142													2,000,000								101,129	202,257	141,010	202,257	141,010	141,010	61,247	213,500	80,000	770,000	709,665	1,000,000	80,000	35,468	130,492
Net (Loss)																																																																																																																																																																																																																																																																																																																																												(803,608)																																																																																																																																		(803,608)
Balance at Apr. 30, 2012																																																																																																																																																																																									294,194																																																																																																																																		10,976,553																	(11,285,141)																																																																																																																																		(14,394)
Balance (in Shares) at Apr. 30, 2012																																																																																																																																																																																									294,195,232																																																																																																																																																																																																																																																																																					294,195,232
Total comprehensive income (loss)																																																																																																																																																																																																																																																																																																																																																																																																																																																																														(867,038)
Stock-based compensation expense																																																																																																																																																																																																																																																																																																																																																																																																																																																																														105,600
Common Stock issued for cash in private placement																																																																					3,942																																										26	11,000	4,000	9,512																																																																																					55,192																																										424	154,000	56,000	133,333																																																																																																						59,134																																										450	165,000	60,000	142,845
Common Stock issued for cash in private placement (in Shares)																																																																					3,942,295																																										25,714	10,999,999	4,000,000	9,512,200
Common Stock Issued for claims and services																																																																																																																												850	2,141	2,000	970																																													1,058	500	8,000	1,421	385	1,912	1,091	1,250	925	1,308	130	1,381	800																																																																						16,150	42,859	46,000	23,030																																													15,760	10,500	97,600	22,579	6,929	38,809	22,909	23,750	17,575	25,692	3,380	25,619	11,120																																																																																							17,000	45,000	48,000	24,000																																													16,818	11,000	105,600	24,000	7,314	40,721	24,000	25,000	18,500	27,000	3,510	27,000	11,920
Common Stock Issued for claims and services (in Shares)																																																																																																																												850,000	2,141,284	2,000,000	969,364																																													1,057,705	500,000	8,000,000	1,420,904	384,925	1,911,783	1,090,952	1,250,000	925,000	1,307,557	130,000	1,381,414	800,000
Net (Loss)																																																																																																																																																																																																																																																																																																																																												(867,038)																																																																																																																																		(867,038)
Balance at Apr. 30, 2013																																																																																																																																																																																									$ 348,796																																																																																																																																		$ 11,825,763																	$ (12,152,179)																																																																																																																																		$ 22,380
Balance (in Shares) at Apr. 30, 2013																																																																																																																																																																																									348,796,328																																																																																																																																																																																																																																																																																					348,796,328

XML

Consolidated Balance Sheets (USD $)	Apr. 30, 2013	Apr. 30, 2012
Current assets
Cash and cash equivalents	$ 4,717	$ 4,954
Prepaid expenses	13,555	16,521
Total current assets	18,272	21,475
Other assets
Land	67,742	67,742
Mineral property	613,941	613,941
Property and equipment, net	647	5,595
Other assets	35,238	35,238
Total other assets	717,568	722,516
Total assets	735,840	743,991
Current Liabilities
Accounts payable	472,331	551,231
Notes payable, current portion	5,421	3,898
Accrued liabilities	148,417	111,946
Accounts payable to related parties	58,186	57,506
Total current liabilities	684,355	724,581
Long-term liabilities
Notes payable, net of current portion	29,105	33,804
Total long-term liabilities	29,105	33,804
Total liabilities	713,460	758,385
Commitments and Contingencies
Stockholders' equity/(deficit)
Preferred stock, authorized 50,000,000 shares, par value $0.001, zero issued and outstanding	0	0
Common stock, authorized 500,000,000 shares, par value $0.001, issued and outstanding on April 30, 2013 and April 30, 2012 is 348,796,328 and 294,195,232 respectively	348,796	294,194
Additional paid-in capital	11,825,763	10,976,553
Accumulated deficit during exploration stage	(12,152,179)	(11,285,141)
Total stockholders' equity/(deficit)	22,380	(14,394)
Total liabilities and stockholders' equity/(deficit)	$ 735,840	$ 743,991

XML

NOTE 5. PROVISION FOR INCOME TAXES (Details) (USD $) In Millions, unless otherwise specified	Apr. 30, 2013
Income Tax Disclosure [Abstract]
Operating Loss Carryforwards	$ 10.5

XML

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	12 Months Ended
	Apr. 30, 2013
Minimum [Member]
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member]
NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) [Line Items]
Property, Plant and Equipment, Useful Life	7 years

XML

NOTE 7. NOTES PAYABLE (Details) - Future Principal Repayments (USD $)	Apr. 30, 2013
Future Principal Repayments [Abstract]
2014	$ 5,421
2015	4,749
2016	5,242
2017	5,786
2018	6,386
Thereafter	6,942
Total	$ 34,526

XML

NOTE 8. COMMITMENTS & CONTINGENCIES (Details) (USD $)	12 Months Ended
	Apr. 30, 2013	Apr. 30, 2012
NOTE 8. COMMITMENTS & CONTINGENCIES (Details) [Line Items]
Operating Leases, Rent Expense	$ 1,080	$ 31,450
Office Space [Member]
NOTE 8. COMMITMENTS & CONTINGENCIES (Details) [Line Items]
Operating Leases, Rent Expense	$ 1

XML

NOTE 6. MINERAL PROPERTY

12 Months Ended

Apr. 30, 2013

Mineral Industries Disclosures [Abstract]

Mineral Industries Disclosures [Text Block]

NOTE 6. MINERAL PROPERTY

Independence Mine

At April 30, 2013, the Company’s Mineral property valued at $613,941 consists of the acquisition cost of the Independence Mining Claims located in Lander County, Nevada. The Company continues to explore and develop the mining claims.

For the years ended April 30, 2013 and 2012, the Company incurred costs of $152,256 and $143,607, respectively, for the on-going exploration and development. Since obtaining the rights, the Company has expensed $3,169,705 associated with these activities.

If the Company successfully establishes proven and probable reserves, additional development costs will be capitalized and depleted using the units of production method. With the current market price for gold, silver and platinum, the Company is obligated to pay a royalty  of  5% of all future production of these precious metals, if any.  There is also a production royalty of 3% payable on the sale of all substances other than gold, silver and platinum. In addition, any future production is subject to a 1% net smelter royalty obligation payable to Gold Range, LLC.  

As of April 30, 2013, there were no proven or probable reserves associated with the Independence Mining Claim.

XML

NOTE 5. PROVISION FOR INCOME TAXES (Details) - Income Tax Expense (Benefit) (USD $)	12 Months Ended		85 Months Ended
	Apr. 30, 2013	Apr. 30, 2012	Apr. 30, 2013
Income Tax Expense (Benefit) [Abstract]
Current	$ 0	$ 0
Deferred	0	0
Total tax (benefit)	$ 0	$ 0	$ 0

XML

NOTE 9. SUBSEQUENT EVENTS

12 Months Ended

Apr. 30, 2013

Subsequent Events [Abstract]

Subsequent Events [Text Block]

NOTE 9. SUBSEQUENT EVENTS

The Company received $57,250 in funding and funding commitments from private placements since April 30, 2013 and $6,150 in short-term note payable from its officers and/or directors. On August 12, 2013, the original closing date of the Open Gold definitive agreement, the Company agreed to negotiate an extension to the closing date for the Open Gold transaction.

XML

NOTE 5. PROVISION FOR INCOME TAXES

12 Months Ended

Apr. 30, 2013

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

NOTE 5. PROVISION FOR INCOME TAXES

Provision for Income Taxes

The Company performs reviews of its material tax positions in accordance with applicable recognition and measurement standards.  Deferred taxes are provided on a liability method whereby deferred tax assets are recognized for deductible temporary differences and operating loss and tax credit carryforwards and deferred tax liabilities are recognized for taxable temporary differences.  Temporary differences are the differences between the reported amounts of assets and liabilities and their tax basis.  Deferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion or all of the deferred tax assets will not be realized.  Deferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates on the date of enactment.

At April 30, the income tax expense (benefit) consisted of the following:

	2013		2012
Current	$	––	$	––
Deferred	––		––
Total tax (benefit)	$	––	$	––

At April 30, gross deferred tax assets and liabilities consisted of the following:

	2013			2012
Deferred Tax Inventory
NOL	$	3,659,000		$	3,357,000
Stock compensation expense	––			––
Installment sale gain	––			––
Impairment loss	––			––
Investments	––			––
Property, plant & equipment		(65	)		(1,800	)
Gross deferred tax assets		3,658,935			3,355,200
Less: Valuation allowance		(3,658,935	)		(3,355,200	)
Net deferred tax assets	––			––

At April 30, the income tax expense (benefit) differs from the amount obtained by applying the U.S. federal statutory rate to income before income taxes as follows:

	2013			2012
Tax rate reconciliation
Federal statutory rate		35	%		35	%
Tax at federal statutory rate		35.00	%		35.00	%
Permanent differences		(0.10	)		(1.00	)
Net operating loss carry forward		(34.40	)		(33.60	)
Installment sale		--			--
Unrealized gain (loss)		--			--
Other temporary differences, net		(0.50	)		(0.40	)
Total		0.00	%		0.00	%

As of April 30, 2013, the Company had a federal net operating loss carry forward of approximately $10.5 million. The federal net operating loss carry forward expires beginning in fiscal 2026. Utilization of net operating losses may be subject to limitations due to ownership changes and other limitations provided by the Internal Revenue Code and similar state provisions. If such a limitation applies, the net operating loss and tax credit carry forward may expire before full utilization. 

The Company reviews its tax positions to determine whether it is more likely than not that they will be sustained upon examination based upon the technical merits of the position.  If the more-likely-than- not threshold is met, the Company measures the tax position to determine the amount to recognize in the financial statements.  

As of April 30, 2013 and 2012 there were no positions that did not meet the more-likely-than-not threshold.

XML

Consolidated Statements of Cash Flows (USD $)	12 Months Ended		86 Months Ended
	Apr. 30, 2013	Apr. 30, 2012	Apr. 30, 2013
Operating activities
Net loss	$ (867,038)	$ (803,608)	$ (12,152,179)
Adjustments to reconcile net loss
Stock issued for services	379,532	193,663	3,308,170
Stock issued for payment of interest on debt			12,750
Non-cash financing costs			46,234
Realized loss on sale of investments			112,204
Gain on sale of mineral property			(1,249,072)
Depreciation and amortization	4,948	5,350	40,218
Stock-based compensation	105,600		1,886,771
Other-than-temporary impairment of investments			1,224,302
Impairment of long-lived assets			17,500
Bad debt expense			22,387
Gain on sale of fixed asset			(1,250)
Change in assets and liabilities
(Increase)/decrease in other current assets			(22,387)
(Increase)/decrease in prepaid expenses	(5,783)	9,569	(21,889)
Increase/(decrease) in accounts payable	(78,220)	129,706	605,417
Increase/(decrease) in accrued liabilities	36,471	19,289	393,126
Net cash used by operating activities	(424,490)	(446,031)	(5,777,698)
Investments:
Purchases			(1,357)
Proceeds from sales			154,914
Acquisition of mineral property			(78,091)
Investment in General Copper			(17,500)
Investment in Lahontan			(2,563)
Deposit on water rights			(800)
Deposit on reclamation bond			(34,438)
Proceeds from sale of mineral property			12,500
Proceeds from sale of fixed asset			8,000
Purchase of land			(67,742)
Purchase of equipment			(17,616)
Net cash provided/(used) by investment activities			(44,693)
Financing activities
Proceeds from loans from related parties			121,864
Repayments of loans from related parties			(43,064)
Proceeds from issuance of debt			149,841
Repayments of debt	(3,176)	(4,172)	(12,516)
Proceeds from the sale of stock	427,429	441,000	5,610,983
Net cash provided by financing activities	424,253	436,828	5,827,108
Net increase / (decrease) in cash	(237)	(9,203)	4,717
Cash, beginning of period	4,954	14,157
Cash (Cash overdraft), end of period	4,717	4,954	4,717
Supplemental Information:
Interest paid	8,153	7,914	26,201
Income taxes paid	0	0	0
Non-cash activities:
Stock issued for debt and related liabilities			100,000
Stock issued for service as prepaid expenses [Member]
Non-cash activities:
Stock issued for prepaids and related assets	3,493	12,243	3,493
Stock issued to acquire mineral property lease [Member]
Non-cash activities:
Stock issued for prepaids and related assets			783,687
Stock issued for payment of interest on debt [Member]
Non-cash activities:
Stock issued for debt and related liabilities			12,750
Stock issued as reduction of contigent liability [Member]
Non-cash activities:
Stock issued for debt and related liabilities		20,405	353,539
Stock issued as reduction of related party loans [Member]
Non-cash activities:
Stock issued for debt and related liabilities			50,000
Stock issued as reduction of short-term note payable [Member]
Non-cash activities:
Stock issued for debt and related liabilities		$ 11,800	$ 26,800

XML

NOTE 6. MINERAL PROPERTY (Details) (USD $)	12 Months Ended		85 Months Ended
	Apr. 30, 2013	Apr. 30, 2012	Apr. 30, 2013
Mineral Industries Disclosures [Abstract]
Mineral Properties, Gross	$ 613,941	$ 613,941	$ 613,941
Exploration Expense	$ 152,256	$ 143,607	$ 3,169,705
Royalty Expense of Future Production, Percentage	5.00%		5.00%
Royalty Expense Payable Upon Sale of All Substances Other Than Gold, Silver and Platinum, Percentage	3.00%		3.00%
Net Smelter Royalty Expense of Future Production, Percentage	1.00%		1.00%

XML

NOTE 4. STOCKHOLDERS' EQUITY (Tables)

12 Months Ended

Apr. 30, 2013

Stockholders' Equity Note [Abstract]

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

	Shares			Weighted Average Exercise Price
Outstanding at April 30, 2011		17,815,035		$	0.07
Granted		19,170,776			0.05
Exercised	––			––
Forfeited/Expired		(14,815,035	)		0.08
Outstanding at April 30, 2012		22,170,776			0.05
Granted		35,378,865			0.02
Exercised	––			––
Forfeited/Expired		(15,970,776	)		0.05
Outstanding at April 30, 2013		41,578,865			0.04

Schedule of Warrants Outstanding by Price Range [Table Text Block]

		Warrants Outstanding
Range price ($)		Number of Warrants		Weighted Average Remaining Life (years)		Weighted Average Exercise Price
$	0.05		7,566,666		0.26	$	0.05
$	0.03		13,612,199		1.59	$	0.03
$	0.02		20,400,000		1.32	$	0.02

XML

NOTE 8. COMMITMENTS & CONTINGENCIES

12 Months Ended

Apr. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies Disclosure [Text Block]

NOTE 8. COMMITMENTS & CONTINGENCIES

The Company sublets office space under a cancelable operating lease at $1 per year. Additionally, the Company rents a storage facility to store unused furniture and equipment and samples from the mineral property which is leased on a month-to-month basis. Rent expense was approximately $1,080 in fiscal 2013, and $31,450 in fiscal 2012.

XML

NOTE 1. ORGANIZATION AND DESCRIPTION OF BUSINESS (Details) (USD $)	12 Months Ended		85 Months Ended
	Apr. 30, 2013	Apr. 30, 2012	Apr. 30, 2013	Apr. 30, 2011
Disclosure Text Block [Abstract]
Retained Earnings (Accumulated Deficit)	$ (12,152,179)	$ (11,285,141)	$ (12,152,179)
Cash and Cash Equivalents, at Carrying Value	4,717	4,954	4,717	14,157
Revenues	0	0	0
Liabilities, Current	$ 684,355	$ 724,581	$ 684,355

XML

NOTE 5. PROVISION FOR INCOME TAXES (Tables)

12 Months Ended

Apr. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

	2013		2012
Current	$	––	$	––
Deferred	––		––
Total tax (benefit)	$	––	$	––

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	2013			2012
Deferred Tax Inventory
NOL	$	3,659,000		$	3,357,000
Stock compensation expense	––			––
Installment sale gain	––			––
Impairment loss	––			––
Investments	––			––
Property, plant & equipment		(65	)		(1,800	)
Gross deferred tax assets		3,658,935			3,355,200
Less: Valuation allowance		(3,658,935	)		(3,355,200	)
Net deferred tax assets	––			––

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	2013			2012
Tax rate reconciliation
Federal statutory rate		35	%		35	%
Tax at federal statutory rate		35.00	%		35.00	%
Permanent differences		(0.10	)		(1.00	)
Net operating loss carry forward		(34.40	)		(33.60	)
Installment sale		--			--
Unrealized gain (loss)		--			--
Other temporary differences, net		(0.50	)		(0.40	)
Total		0.00	%		0.00	%

XML

Document And Entity Information (USD $)	12 Months Ended
	Apr. 30, 2013	Jul. 25, 2013	Oct. 31, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	GENERAL METALS CORP
Document Type	10-K
Current Fiscal Year End Date	--04-30
Entity Common Stock, Shares Outstanding		348,796,328
Entity Public Float			$ 7,464,070
Amendment Flag	false
Entity Central Index Key	0001060910
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Smaller Reporting Company
Entity Well-known Seasoned Issuer	No
Document Period End Date	Apr. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY

XML

NOTE 7. NOTES PAYABLE (Tables)

12 Months Ended

Apr. 30, 2013

Debt Disclosure [Abstract]

Schedule of Maturities of Long-term Debt [Table Text Block]

	Short-term Note Payable & Secured Note Payable
2014	$	5,421
2015		4,749
2016		5,242
2017		5,786
2018		6,386
Thereafter		6,942
Total	$	34,526