10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

 WASHINGTON, D.C. 20549

FORM 10-Q/A

  (Mark one)

x	QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
	For the quarterly period ended June 30, 2011

o	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE EXCHANGE ACT
	For the transition period from _________ to ___________

LONE STAR GOLD, INC.

(Exact Name of Registrant as Specified in Its Charter)

Nevada	333-159561	45-2578051
(State of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

6565 Americas Parkway NE

Suite 200

Albuquerque, New Mexico 87110

(Address of principal executive offices) (Zip code)

Issuer's telephone number: (505) 563-5828

Keyser Resources, Inc.

4900 California Ave., Tower B-210

Bakersfield, California 93309

(Former name, former address, and former fiscal year, if changed since last report)

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 past 90 days. Yes  x     No  o

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 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 x     No  o

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 the definitions of “large accelerated filer”, “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.  (Check one):

Large accelerated filer o	Accelerated filer o
Non-accelerated filer o	Smaller reporting company x

(Do not check if 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 x     No  o

The number of shares of the registrant's Common Stock, $0.001 par value per share, outstanding as of August 19, 2011 was 115,399,920.

EXPLANATORY NOTE

Lone Star Gold, Inc. (the “Company”) is filing this Amendment No. 1 to its Quarterly Report on Form 10-Q (this “Amendment”) for the period ended June 30, 2011, as filed with the Securities and Exchange Commission on August 22, 2011 (the “Original Filing Date”), for the sole purpose of furnishing Exhibit 101 to the Form 10-Q which contains the XBRL (eXtensible Business Reporting Language) Interactive Data File for the financial statements and notes included in Part 1, Item 1 of the Form 10-Q.  As permitted by Rule 405(a)(2)(ii) of Regulation S-T, Exhibit 101 was required to be furnished by amendment within 30 days of the Original Filing Date.

No changes have been made to the Form 10-Q other than the furnishing of Exhibit 101 described above.  This Amendment speaks as of the Original Filing Date, does not reflect events that may have occurred after the Original Filing Date and does not modify or update in any way the disclosures made in the Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the Interactive Data File on Exhibit 101 hereto is deemed not filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, is deemed not filed for purposes of Section 18 of the Securities Act of 1934, as amended, and otherwise is not subject to liability under those sections.

Item 6.Exhibits.

10.3*	Assignment Agreement by and among the Company, American Gold Holdings, Ltd and Homero Bustillos Gonzalez dated to be effective as of June 10, 2011
31.1*	Certification of Periodic Financial Reports by Dan Ferris in satisfaction of Section 302 of the Sarbanes-Oxley Act of 2002
32.1*	Certification of Periodic Financial Reports by Dan Ferris in satisfaction of Section 906 of the Sarbanes-Oxley Act of 2002 and 18 U.S.C. Section 1350
101.INS**	XBRL Instance Document
101.SCH**	XBRL Taxonomy Schema
101.CAL**	XBRL Taxonomy Calculation Linkbase
101.DEF**	XBRL Taxonomy Definition Linkbase
101.LAB**	XBRL Taxonomy Label Linkbase
101.PRE**	XBRL Taxonomy Presentation Linkbase

*Previously filed with or incorporated by reference in the Company’s quarterly report on Form 10-Q for the period ended June 30, 2011, filed with the SEC on August 22, 2011.

**Furnished herewith.

12

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

LONE STAR GOLD, INC.
By:	/s/ Dan Ferris
Name:	Dan Ferris
Title:	President, Secretary and Treasurer
Date:	September 12, 2011

13

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Consolidated Balance Sheets (Parenthetical) (USD $)	Jun. 30, 2011	Dec. 31, 2010
Common stock, shares authorized	150,000,000	150,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares issued	115,299,920	121,299,920
Common stock, shares outstanding	115,299,920	121,299,920

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Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended		43 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011
Revenue
Expenses
General and administrative	106,683	5,136	125,100	13,272	259,605
Exploration costs				397	22,273
Management fees					12,480
Total Expenses	(106,683)	(5,136)	(125,100)	(13,669)	(294,358)
Other income
Interest income	1,250		8,647		9,839
Gain on redemption of common stock	5,161		5,161		5,161
Total other income	6,411		13,808		15,000
Loss before income taxes	(100,272)	(5,136)	(111,292)	(13,669)	(279,358)
Provision for Income Tax
Net Loss for the Period	(100,272)	(5,136)	(111,292)	(13,669)	(279,358)
Net loss attributable to noncontrolling interest	6,000		6,000		6,000
Net loss attributable to Lone Star Gold, Inc.	$ (94,272)	$ (5,136)	$ (105,292)	$ (13,669)	$ (273,358)
Loss per share attributable to Lone Star Gold, Inc. stockholders
Loss Per Share - Basic and Diluted	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Weighted Average Common Shares Outstanding	115,399,368	115,299,920	117,014,206	115,299,920

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Document and Entity Information	6 Months Ended
	Jun. 30, 2011	Aug. 19, 2011
Document Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2011
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	Q2
Trading Symbol	LSTG
Entity Registrant Name	Lone Star Gold, Inc.
Entity Central Index Key	0001464865
Current Fiscal Year End Date	--12-31
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		115,299,920

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Subsequent Events

6 Months Ended

Jun. 30, 2011

Subsequent Events

5. Subsequent Events

Gonzalez transferred the Concessions to Metales pursuant to an agreement with a third party, American Gold Holdings, Ltd. (“American Gold”).  On August 17, 2011, in connection with its investment in Metales and the exploration and development of the Concessions, the Company, American Gold, and Gonzalez executed an Assignment Agreement (the “Assignment Agreement”) pursuant to which (a) American Gold assigned all of its right and interest in and to a Letter of Intent between American Gold and Gonzalez, and an Option to Purchase Agreement between American Gold and Gonzalez dated January 11, 2011 (the “Option Agreement”), (b) the Company accepted the assignment of all of the rights and interest of American Gold in and to the Letter of Intent and the Option Agreement, and (c) the Company assumed all of the duties and obligations of American Gold under the Letter of Intent and the Option Agreement with Gonzalez. See Part II, Item 2, Management, Discussion and Analysis – Our Business below. Pursuant to the Assignment Agreement (which has an effective date of June 10, 2011), the Company has agreed to take the following actions in connection with transfer of the Concessions from Gonzalez to Metales:

1. The Company will issue 125,000 shares of its Common Stock to American Gold as repayment of the $125,000 that American Gold paid Gonzalez in connection with the Concessions, on or before September 16, 2011.

2. The Company must pay Gonzalez an additional $125,000 before January 11, 2012 as payment for the purchase price for the Concessions.

3. The Company, either alone or through Metales, is obligated to fund $150,000 per year of development costs for three years, for a total of $450,000 (the “Work Plan”).

4. The Company will issue 300,000 shares of its Common Stock to Gonzalez on or before September 16, 2011.

Gonzalez retains a 2% Net Smelter Returns Royalty on the Property.  Metales is obligated to undertake work necessary to bring the existing geological survey on the Property up to NJ 43-101 standards.  The Company advanced $20,000 to Metales in June 2011 in order to initiate this work, which will be credited to the $150,000 due for the first year under the Work Plan.

The Company has granted anti-dilution rights to Gonzalez, such that the Company must allow Gonzalez the opportunity to maintain his percentage stock ownership in the Company until the date on which the Company has complied fully with its obligations under the Option Agreement or January 11, 2014, whichever comes first.  In addition, the Company is obligated to issue 1,000,000 shares of its Common Stock to Gonzalez upon the discovery of a 1 million-ounce equivalent gold deposit, as defined by industry standards as set forth by a recognized exchange in North America.  Finally, if the Company fails to comply with all its obligations under the Option Agreement before June 10, 2014, the Option Agreement will terminate and the Company will be obligated to return the Concessions to Gonzalez.

On July 12, 2011, the Company entered into an Employment Agreement with Dan M. Ferris regarding his position as President of the Company.  The Employment Agreement has an initial term of three years, and after the initial term will automatically renew for successive one-year periods until terminated in accordance with the Agreement (the “Term”).  Mr. Ferris will be paid a base salary of $120,000 per year during the Term.  Mr. Ferris will also be entitled to receive 3,000,000 shares of Common Stock, which will be issued in three equal increments of 1,000,000 shares over the first 3 years of the Term.  Therefore, Mr. Ferris will receive 1,000,000 shares of Common Stock on July 12 of each of the years 2012, 2013, and 2014.  The Employment Agreement may be terminated voluntarily by either party upon 30 days written notice, upon Mr. Ferris’ death or disability, by mutual agreement at the end of the Term, or at any time for “cause” by the Company.  If Mr. Ferris’ employment is terminated for “cause”, or if he voluntarily resigns, then he would not be entitled to receive any shares of Common Stock that have not vested as of the date of resignation or termination.  If Mr. Ferris’ employment is terminated for any other reason, he would receive the full 3,000,000 shares of Common Stock.  The Employment Agreement defines “cause” as the willful and continued failure by Ferris to perform his duties under the Employment Agreement, conviction of a felony, or engaging in conduct that is contrary to the best interests of the Company or adversely affects the Company’s reputation.

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Nature of Operations and Continuance of Business

6 Months Ended

Jun. 30, 2011

Nature of Operations and Continuance of Business

1. Nature of Operations and Continuance of Business

Lone Star Gold, Inc. (the “Company” or “Lone Star”), formerly known as Keyser Resources, Inc. (“Keyser”), was incorporated in the State of Nevada on November 26, 2007. The Company is an Exploration Stage Company as defined by Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 915, Development Stage Entities.

On May 10, 2011, stockholders holding at least a majority of the issued and outstanding shares of Common Stock, acting by written consent, adopted resolutions that approved a change in the Company’s name from “Keyser Resources, Inc.” to “Lone Star Gold, Inc.”, an increase in the number of authorized shares of common stock to 150,000,000 and a 20:1 forward stock split.  Share information throughout these financial statements and footnotes have been presented retroactively of the stock split.

On May 31, 2011, the Company acquired 70% of the capital stock of Metales HBG, S.A. de C.V. (“Metales”), in order to acquire an interest in certain gold mining concessions in Chihuahua, Mexico.  See Footnote 4 to the Financial Statements and Item 2, Management’s Discussion and Analysis – Our Business.

These financial statements have been prepared on a going concern basis, which implies the Company will continue to realize its assets and discharge its liabilities in the normal course of business. The Company has not generated any revenue since inception and has never paid any dividends and is unlikely to pay dividends or generate earnings in the immediate or foreseeable future. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to continue operations, and the attainment of profitable operations. As at June 30, 2011, the Company has accumulated losses of $273,358 since inception. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern. These financial statements do not include any adjustments to the recoverability and classification of recorded asset amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

The unaudited financial statements as of June 30, 2011 and for the three and six months ended June 30, 2011 and 2010, and for the period November 26, 2007 (inception) to June 30, 2011 have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information and with instructions to Form 10-Q. In the opinion of management, the unaudited financial statements have been prepared on the same basis as the annual financial statements and reflect all adjustments, which include only normal recurring adjustments, necessary to present fairly the financial position as of June 30, 2011 and the results of operations and cash flows for the periods ended June 30, 2011 and 2010, and for the period November 26, 2007 (inception) to June 30, 2011. The financial data and other information disclosed in these notes to the interim financial statements related to these periods are unaudited. The results for the three and six month periods ended June 30, 2011 is not necessarily indicative of the results to be expected for any subsequent quarter of the entire year ending December 31, 2011. The balance sheet at December 31, 2010 has been derived from the audited financial statements at that date.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted pursuant to the Securities and Exchange Commission's rules and regulations. These unaudited financial statements should be read in conjunction with our audited financial statements and notes thereto for the year ended December 31, 2010 as included in our Form 10-K filed with the Securities and Exchange Commission.

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Consolidated Statements of Stockholders' Equity (Deficit) (USD $)	Total	Common Stock	Additional Paid-in Capital	Subscript-ion Receivable	Deficit Accumulated During the Exploration Stage	Non- controlling Interests	Private Placement Transaction 01	Private Placement Transaction 01 Common Stock	Private Placement Transaction 01 Additional Paid-in Capital	Private Placement Transaction 02	Private Placement Transaction 02 Common Stock	Private Placement Transaction 02 Additional Paid-in Capital	Private Placement Transaction 03	Private Placement Transaction 03 Common Stock	Private Placement Transaction 03 Additional Paid-in Capital	Warrant	Warrant Common Stock	Warrant Additional Paid-in Capital	Warrant Transaction 01	Warrant Transaction 01 Common Stock	Warrant Transaction 01 Additional Paid-in Capital	Warrant Transaction 02	Warrant Transaction 02 Additional Paid-in Capital
Beginning Balance at Dec. 31, 2007
Net loss	$ (13,983)				$ (13,983)
Common shares issued for cash (in shares)								60,000,000			32,699,920			22,600,000
Common shares issued for cash							3,000	60,000	(57,000)	24,525	32,700	(8,175)	56,500	22,600	33,900
Ending Balance at Dec. 31, 2008	70,042	115,300	(31,275)		(13,983)
Ending Balance (in shares) at Dec. 31, 2008		115,299,920
Net loss	(93,034)				(93,034)
Ending Balance at Dec. 31, 2009	(22,992)	115,300	(31,275)		(107,017)
Ending Balance (in shares) at Dec. 31, 2009		115,299,920
Forgiveness of advances - related party	17,574		17,574
Net loss	(61,049)				(61,049)
Common shares issued for cash (in shares)																	6,000,000
Common shares issued for cash																300,000	6,000	294,000
Ending Balance at Dec. 31, 2010	233,533	121,300	280,299		(168,066)
Ending Balance (in shares) at Dec. 31, 2010		121,299,920
Redemption of shares (in shares)		(12,000,000)
Redemption of shares	(600,000)	(12,000)	(588,000)
Formation of subsidiary	(1,500)			(1,500)		1,500
Net loss	(111,292)				(105,292)	(6,000)
Common shares issued for cash (in shares)																				6,000,000
Common shares issued for cash																			300,000	6,000	294,000	100,000	100,000
Ending Balance at Jun. 30, 2011	$ (77,759)	$ 115,300	$ 86,299	$ (1,500)	$ (273,358)	$ (4,500)
Ending Balance (in shares) at Jun. 30, 2011		115,299,920

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Related Party Transactions

6 Months Ended

Jun. 30, 2011

Related Party Transactions

2. Related Party Transactions

All related party transactions are recorded at the exchange amount which is the value established and agreed to by the related party.

A payable to a related party of $17,574 to Maurice Bideaux, the Company’s former chief executive officer and director, was forgiven by Mr. Bideaux in 2010.  An additional advance from Mr. Bideaux of $38,910 remains unpaid.

The Company made four separate loans to American Liberty Petroleum Corp., a Nevada corporation (“ALP”) in late 2010 and early 2011.  Alvaro Vollmers, the sole director and officer of ALP, was the sole director and officer of the Company until his resignation on March 29, 2011.

On December 6, 2010, ALP borrowed $290,000 from the Company  (the “Initial Loan”). On January 7, 2011, ALP borrowed $200,000 from the Company (the “Second Loan”). The Promissory Note (the “Initial Note”) executed by ALP in connection with the Initial Loan and the Promissory Note (the “Second Note”) executed by ALP in connection with the Second Loan contained the following payment terms: (a) the unpaid principal amount accrued interest at the rate of six percent (6%) per annum, (b) the unpaid principal and all accrued but unpaid interest thereon was due and payable on February 28, 2011, and (c) the unpaid principal and accrued but unpaid interest could be prepaid in whole or in part at the option of ALP, without penalty or premium.  None of the Notes was secured by any assets of ALP.

On February 28, 2011, ALP executed an Amended and Restated Promissory Note that amended and restated the Initial Note in its entirety, and extended the maturity date to June 30, 2011, and an Amended and Restated Promissory Note that amended and restated the Second Note in its entirety, and extended the maturity date to June 30, 2011.  Except for the extension of the maturity date, the terms of payment (including the interest rate) remained the same.

Also on February 28, 2011, ALP borrowed $50,000 from the Company (the “Third Loan”). Finally, on March 8, 2011, ALP borrowed an additional $45,000 from the Company (the “Fourth Loan”). Both the Promissory Note (the “Third Note”) executed by ALP in connection with the Third Loan and the Promissory Note (the “Fourth Note”) executed by ALP in connection with the Fourth Loan contained identical payment terms as the Initial Note and the Second Note, except for a maturity date of June 30, 2011.

On  March 28, 2011, ALP and the Company executed a Second Amended and Restated Promissory Note that amends and restates the Initial Note in its entirety, and extends the maturity date to April 30, 2011,  a Second Amended and Restated Promissory Note that amends and restates the Second Note in its entirety, but extends the maturity date to April 30, 2011, an Amended and Restated Promissory Note that amends and restates the Third Note in its entirety, but extends the maturity date to April 30, 2011, and an Amended and Restated Promissory Note that amends and restates the Fourth Note in its entirety, but extends the maturity date to April 30, 2011. Except for the extension of the maturity date, the terms of payment (including the interest rate) remain the same.

The Company obtained the funds subsequently loaned to ALP from the private placements of Units, consisting of Common Stock and Warrants to purchase Common Stock, to New World Petroleum Investments (“New World”).

On April 13, 2011, the Company and New World executed a Redemption Agreement, whereby the Company redeemed all of the shares of Common Stock and the Warrants that New World owned (consisting of the 600,000 shares of Common Stock and Warrants to purchase 600,000 shares of Common Stock obtained in private placements of Units), and in consideration for the Common Stock and Warrants assigned to New World the four Promissory Notes described above. As a result of the Redemption Agreement, the Company no longer holds the Promissory Notes, and New World owns no shares of Common Stock or other securities of the Company.

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Common Stock

6 Months Ended

Jun. 30, 2011

Common Stock

3. Common Stock

On December 3, 2010, the Company issued 300,000 Units to New World in a private placement, with each Unit consisting of one share of Common Stock and one Warrant to purchase a share of Common Stock at $1.25 at any time within 3 years, for cash proceeds of $300,000. The relative fair value of the warrants issued was $46,500.

On January 3, 2011, the Company issued 150,000 Units to New World in a private placement, with each Unit consisting of one share of Common Stock and one Warrant to purchase a share of Common Stock at $1.25 at any time until January 3, 2014, for cash proceeds of $150,000. On January 6, 2011, the Company completed a private placement of an additional 150,000 Units to New World on similar terms, for $1.00 per Unit, or $150,000. The relative fair value of the warrants issued was $46,000.

On June 30, 2011, the Company entered into an agreement to issue 100,000 Units to North American Gold Corp. in a private placement, for $1.00 per Unit, with each Unit consisting of one share of Common Stock and one Warrant to purchase a share of Common Stock at $1.20 at any time until June 30, 2014, for cash proceeds of $100,000.  The fair market value of the Warrants on the date of issuance was $15,467.  See Part II, Item 2, Unregistered Sales of Equity Securities.

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Commitments

6 Months Ended

Jun. 30, 2011

Commitments

4. Commitments

On May 31, 2011, the Company acquired 70% of the issued and outstanding shares of the capital stock of Metales HBG, S.A. de C.V. (“Metales”).  The remaining 30% of the issued and outstanding capital stock of Metales is owned by Homero Bustillos Gonzalez (“Gonzalez”).  On June 10, 2011, Gonzalez assigned to Metales eight (8) gold and silver mining concessions related to the “La Candelaria” property located in the town of Guachochi, state of Chihuahua, Mexico (the “Concessions”).  The Concessions cover 800 hectares, or approximately 1,976 acres.

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Consolidated Statements of Cash Flows (USD $)	6 Months Ended		43 Months Ended
	Jun. 30, 2011	Jun. 30, 2010	Jun. 30, 2011
Operating Activities
Net loss	$ (111,292)	$ (13,669)	$ (279,358)
Adjustments to reconcile net loss to net cash used in operating activities:
Gain on redemption of common stock	(5,161)		(5,161)
Changes in operating assets and liabilities:
Interest receivable	(8,647)	344	(9,839)
Accounts payable	22,214	2,698	50,940
Net Cash Used In Operating Activities	(102,886)	(10,627)	(243,418)
Investing Activities
Note receivable extended to Related Party	(295,000)		(585,000)
Net Cash Used in Investing Activities	(295,000)		(585,000)
Financing Activities
Proceeds from advances - related party		5,176	56,484
Proceeds from sale of common stock	400,000		784,025
Net Cash Provided By Financing Activities	400,000	5,176	840,509
Net change in Cash	2,114	(5,451)	12,091
Cash - Beginning of Period	9,977	6,099
Cash - End of Period	12,091	648	12,091
Supplemental Disclosures
Interest paid
Income taxes paid
Non Cash Transactions:
Redemption of common stock	600,000		600,000
Issuance of noncontrolling interest for subscription receivable	1,500		1,500
Forgiveness of advances - related party			$ 17,574

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Consolidated Statements of Stockholders' Equity (Deficit) (Parenthetical) (Private Placement, USD $)	12 Months Ended
	Dec. 31, 2008
Transaction 01
Common Shares Issued, per share	$ 0.001
Common Shares Issued, Date	Jan. 19, 2008
Transaction 02
Common Shares Issued, per share	$ 0.015
Common Shares Issued, Date	Dec. 24, 2008
Transaction 03
Common Shares Issued, per share	$ 0.05
Common Shares Issued, Date	Dec. 24, 2008

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Consolidated Balance Sheets (USD $)	Jun. 30, 2011	Dec. 31, 2010
Current Assets
Cash	$ 12,091	$ 9,977
Notes and interest receivable (related party)		291,192
Total current assets	12,091	301,169
Total Assets	12,091	301,169
Current Liabilities
Accounts payable	27,940	5,726
Accrued liabilities	23,000	23,000
Due to related party	38,910	38,910
Total current liabilities	89,850	67,636
Total Liabilities	89,850	67,636
Contingencies and Commitments
Stockholders' Equity (Deficit)
Common stock, 150,000,000 shares authorized, $0.001 par value; 115,299,920 and 121,299,920 shares issued and outstanding as of June 30, 2011 and December 31, 2010 respectively.	115,300	121,300
Additional paid-in capital	86,299	280,299
Subscription receivable	(1,500)
Deficit accumulated during the exploration stage	(273,358)	(168,066)
Total Lone Star Gold, Inc. stockholders' equity (deficit)	(73,259)	233,533
Noncontrolling interest in subsidiary	(4,500)
Total Stockholders' Equity (Deficit)	(77,759)	233,533
Total Liabilities and Stockholders' Equity (Deficit)	$ 12,901	$ 301,169