INVESTMENT IN MINING RIGHTS

3 Months Ended

Sep. 30, 2011

Extractive Industries

Mineral Industries Disclosures [Text Block]

NOTE 2 – INVESTMENT IN MINING RIGHTS

Investment in mining rights is made up of the engineering fees and drillings costs for several projects that we currently have preliminary agreements.  Once we have completed the analysis of these projects, the Company will purchase appropriate equipment to recover the gold from the tailings.  When operations have started the Company will then amortize these costs over the life of the projects, which may vary from 3 to 10 years, depending on the size of the project.