Document and Entity Information
Document and Entity Information - USD ($) | 12 Months Ended | |
Jun. 30, 2019 | Dec. 31, 2018 | |
Document And Entity Information | ||
Entity Registrant Name | Golden Star Resource Corp. | |
Entity Central Index Key | 0001375348 | |
Document Type | 10-K | |
Document Period End Date | Jun. 30, 2019 | |
Amendment Flag | false | |
Current Fiscal Year End Date | --06-30 | |
Entity Well-known Seasoned Issuer | No | |
Entity Voluntary Filer | No | |
Entity Reporting Status Current | Yes | |
Entity Interactive Data Current | No | |
Entity Filer Category | Non-accelerated Filer | |
Entity Small Business Flag | true | |
Entity Emerging Growth Company | false | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Public Float | $ 0 | |
Entity Common Stock, Shares Outstanding | 0 | |
Document Fiscal Period Focus | FY | |
Document Fiscal Year Focus | 2019 |
Balance Sheets
Balance Sheets - USD ($) | Jun. 30, 2019 | Jun. 30, 2018 |
Current | ||
Cash | $ 16 | $ 5 |
Prepaid fees | 2,167 | 2,166 |
TOTAL ASSETS | 2,183 | 2,171 |
Current | ||
Accounts payables and accrued liabilities | 182,436 | 178,445 |
Loan payable (Note 7) | 201,558 | 201,558 |
Due to related parties (Note 6) | 211,541 | 182,628 |
TOTAL LIABILITIES | 595,535 | 562,631 |
STOCKHOLDERS' (DEFICIENCY) EQUITY | ||
Authorized: 100,000,000 voting common shares with a par value of $0.00001 per share Issued: 7,070,000 common shares at June 30, 2019 & June 30, 2018 | 70 | 70 |
Authorized: 100,000,000 preferred shares with a par value of $0.00001 per share; none issued | ||
Additional paid in capital | 106,990 | 106,990 |
Deficit accumulated during the exploration stage | (700,412) | (667,520) |
TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY | (593,352) | (560,460) |
TOTAL LIABILITIES AND STOCKHOLDERS' DEFICIENCY | $ 2,183 | $ 2,171 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Jun. 30, 2019 | Jun. 30, 2018 |
Statement of Financial Position [Abstract] | ||
Common stock, voting shares authorized | 100,000,000 | 100,000,000 |
Common stock, par value | $ 0.00001 | $ 0.00001 |
Common stock, shares issued | 7,070,000 | 7,070,000 |
Preferred stock, shares authorized | 100,000,000 | 100,000,000 |
Preferred stock, par value | $ 0.00001 | $ 0.00001 |
Preferred stock, shares issued |
Statements of Operations and Co
Statements of Operations and Comprehensive Loss - USD ($) | 12 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Expenses | ||
Foreign exchange loss (gain) | $ (9) | $ 1,514 |
Bank fees | 54 | 56 |
Professional fees | 11,349 | 13,336 |
Office expenses | 4,500 | 4,500 |
Transfer and filing fees | 16,998 | 16,936 |
Total operating expenses | 32,892 | 36,342 |
Net Loss and Comprehensive Loss | $ (32,892) | $ (36,342) |
Basic and fully diluted loss per share | $ 0 | $ (0.01) |
Weighted average number of common shares outstanding | 7,070,000 | 7,070,000 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Cash flow from operating activities: | ||
Net loss for the period | $ (32,892) | $ (36,342) |
Items not affecting cash: | ||
Prepaid expense | (1) | (166) |
Accounts payables and accrued liabilities | 3,991 | 6,505 |
Net Cash Used in Operating Activities | (28,902) | (30,003) |
Cash flow from financing activities | ||
Due to related parties | 28,913 | 30,002 |
Net Cash Provided by Financing Activities | 28,913 | 30,002 |
Cash increase (decrease) in the period | 11 | (1) |
Cash, beginning of period | 5 | 6 |
Cash, end of period | $ 16 | $ 5 |
Statements of Stockholders' (De
Statements of Stockholders' (Deficiency) Equity - USD ($) | Number of Common Shares, Par Value [Member] | Additional Paid-In Capital [Member] | Deficit Accumulated During the Exploration Stage [Member] | Total |
Balance at Jun. 30, 2017 | $ 70 | $ 106,990 | $ (631,178) | $ (524,118) |
Balance, shares at Jun. 30, 2017 | 7,070,000 | |||
Net loss for the period | (36,342) | (36,342) | ||
Balance at Jun. 30, 2018 | $ 70 | 106,990 | (667,520) | (560,460) |
Balance, shares at Jun. 30, 2018 | 7,070,000 | |||
Net loss for the period | (32,892) | (32,892) | ||
Balance at Jun. 30, 2019 | $ 70 | $ 106,990 | $ (700,412) | $ (593,352) |
Balance, shares at Jun. 30, 2019 | 7,070,000 |
Nature Of Operations and Going
Nature Of Operations and Going Concern | 12 Months Ended |
Jun. 30, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Nature Of Operations and Going Concern | 1. NATURE OF OPERATIONS AND GOING CONCERN Organization The Company was incorporated in the State of Nevada, U.S.A. on April 21, 2006. Exploration Stage Activities The Company has been in the exploration stage since its formation and is primarily engaged in the acquisition and exploration of mining claims. Upon location of a commercial minable reserve, the Company expects to actively prepare the site for its extraction and enter a development stage. Currently, the Company is actively looking for other mineral properties for its planned business operation. GOING CONCERN The general business strategy of the Company is to acquire and explore mineral properties. The continued operations of the Company and the recoverability of mineral property costs is dependent upon the existence of economically recoverable mineral reserves, the ability of the Company to obtain necessary financing to complete the development of its properties, and upon future profitable production. The Company has not generated any revenues or completed development of any properties to date. Further, the Company has a working capital deficit of $593,352 (June 30, 2018 - $560,460), has incurred losses of $700,412 since inception, and further significant losses are expected to be incurred in the exploration and development of its mineral properties. The Company will require additional funds to meet its obligations and maintain its operations. There can be no guarantee that the Company will be successful in raising the necessary financing. Management’s plans in this regard are to raise equity financing as required. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. These financial statements do not include any adjustments that might result from this uncertainty. |
Basis of Presentation and Signi
Basis of Presentation and Significant Accounting Policies | 12 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Basis of Presentation and Significant Accounting Policies | 2. BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The accompanying financial statements have been prepared in accordance with Generally Accepted Accounting Principles (“GAAP”) in the United States of America (“U.S.”) as promulgated by the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) and with the rules and regulations of the U.S Securities and Exchange Commission (“SEC”) for interim financial information. The financial statements reflect all normal recurring adjustments, which, in the portion of management, are considered necessary for a fair presentation of the results for the periods shown. The results of operations for the periods presented are not necessarily indicative of the results expected for any future period. The information included in these financial statements should be read in conjunction with Management’s Discussion and Analysis and the audited financial statements and accompanying notes filed in Form 10-K for the year ended June 30, 2019 filed on September 27, 2019 SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents Cash and cash equivalents consist entirely of readily available cash balances. There were no cash equivalents as of June 30, 2019 and 2018. Income Taxes Income taxes are accounted for under the liability method of accounting for income taxes. Under the liability method, deferred tax liabilities and assets are recognized for the estimated future tax consequences attributable to differences between the amounts reported in the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply when the asset is realized or the liability is settled. The effect of a change in income tax rates on deferred tax liabilities and assets is recognized in income in the period in which the change occurs. Deferred tax assets are recognized to the extent that they are considered more likely than not to be realized. Per FASB ASC 740 “Income taxes” under the liability method, it is the Company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. At June 30, 2019, the Company believes it has appropriately accounted for any unrecognized tax benefits. To the extent the Company prevails in matters for which a liability for an unrecognized benefit is established or is required to pay amounts in excess of the liability, the Company’s effective tax rate in a given financial statement period may be affected. Interest and penalties associated with the Company’s tax positions are recorded as Interest Expense. Comprehensive Income (Loss) The Company accounts for comprehensive income under the provisions of ASC Topic 220-10, Comprehensive Income – Overall, which establishes standards for reporting and display of comprehensive income, its components and accumulated balances. The Company is disclosing this information on its Statements of Operations and Comprehensive Loss. Earnings (Loss) Per Share Basic loss per share is computed on the basis of the weighted average number of common shares outstanding during each period. Diluted loss per share is computed on the basis of the weighted average number of common shares and dilutive securities outstanding. Stock options are considered to be common stock equivalents and were not included in the net loss per share calculation for the year ended June 30, 2019 and 2018 because the inclusion of such underlying shares would have had an anti-dilutive effect. Financial Instruments and Fair Value of Financial Instruments Fair Value of Financial Instruments – the Company adopted SFAS ASC 820-10-50, “Fair Value Measurements”. This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement. As at June 30, 2019, the fair value of cash and cash equivalents was measured using Level 1 inputs. The Company’s financial instruments are cash, accounts payable and accrued liabilities, loan payable and due to related party. The recorded values of cash and cash equivalents, accounts payable and accrued liabilities and loan payable approximate their fair values based on their short-term nature. |
Recent Adopted and Future Accou
Recent Adopted and Future Accounting Standard | 12 Months Ended |
Jun. 30, 2019 | |
Accounting Changes and Error Corrections [Abstract] | |
Recent Adopted and Future Accounting Standard | 3. RECENT ADOPTED AND FUTURE ACCOUNTING STANDARD RECENT ADOPTED ACCOUNTING STANDARD The following accounting standards were adopted by the Company effective July 1, 2018: In May 2017, the FASB issued ASU 2017-09, Compensation – Stock Compensation (Topic 718): Scope of Modification Accounting. This update provided clarity and reduced both diversity in practice and cost and complexity when applying the guidance in Topic 718, Compensation – Stock Compensation, to a change to the terms or conditions of a share-based payment award. In August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows (Topic 230): Classification of Certain Cash Receipts and Cash Payments. The new guidance reduced diversity in practice in how certain transactions are classified in the statement of cash flows. In January 2016, the FASB issued ASU 2016-01, Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities. The amendments to the guidance enhance the reporting model for financial instruments, which includes amendments to address aspects of recognition, measurement, presentation, and disclosure. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): Clarifying the Definition of a Business. The amendments clarified the definition of a business. The amendments affect all companies that must determine whether they have acquired or sold a business. The adoption of the standards above has no impact on the Company’s financial statements. RECENT ISSUED ACCOUNTING STANDARDS NOT YET ADOPTED In July 2017, the FASB issued ASU 2017-11”Earnings Per Share (Topic 260); Distinguishing Liabilities from Equity (Topic 480); Derivatives and Hedging (Topic 815): (Part I) Accounting for Certain Financial Instruments with Down Round Features; (Part II) Replacement of the Indefinite Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling Interests with a Scope Exception” (“ASU 2017-11”). ASU 2017-11 allows companies to exclude a down round feature when determining whether a financial instrument (or embedded conversion feature) is considered indexed to the entity’s own stock. As a result, financial instruments (or embedded conversion features) with down round features may no longer be required to be accounted for as derivative liabilities. A company will recognize the value of a down round feature only when it is triggered, and the strike price has been adjusted downward. For equity-classified freestanding financial instruments, an entity will treat the value of the effect of the down round as a dividend and a reduction of income available to Common Stockholders in computing basic earnings per share. For convertible instruments with embedded conversion features containing down round provisions, entities will recognize the value of the down round as a beneficial conversion discount to be amortized to earnings. ASU 2017-11 is effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early adoption is permitted. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement. For all entities, amendments are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. Early adoption is permitted. An entity is permitted to early adopt any removed or modified disclosures upon issuance of ASU No. 2018-13 and delay adoption of the additional disclosures until their effective date. In June 2018, the FASB issued ASU 2018-07, Compensation-Stock Compensation (Topic 718): Improvements to Nonemployee Share-Based Payment Accounting. These amendments expand the scope of Topic 718, Compensation—Stock Compensation (which currently only includes share-based payments to employees) to include share-based payments issued to nonemployees for goods or services. Consequently, the accounting for share-based payments to nonemployees and employees will be substantially aligned. The ASU supersedes Subtopic 505-50, Equity—Equity-Based Payments to Non-Employees. This standard is effective for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Early adoption is permitted, but no earlier than a company’s adoption date of Topic 606, Revenue from Contracts with Customers. In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2016-02 (Topic 842) “Leases.” Topic 842 supersedes the lease requirements in Accounting Standards Codification (ASC) Topic 840, “Leases.” Under Topic 842, lessees are required to recognize assets and liabilities on the balance sheet for most leases and provide enhanced disclosures. Leases will continue to be classified as either finance or operating. In July 2018, the FASB issued ASU 2018-10, Codification Improvements to Topic 842, Leases. For entities that early adopted Topic 842, the amendments are effective upon issuance of ASU 2018-10, and the transition requirements are the same as those in Topic 842. For entities that have not adopted Topic 842, the effective date and transition requirements will be the same as the effective for use for fiscal years beginning after December 15, 2018. The Company does not expect the adoption of recently issued accounting pronouncements to have a significant impact on the Company’s results of operations, financial position or cash flow statements. |
Mineral Claim Interest
Mineral Claim Interest | 12 Months Ended |
Jun. 30, 2019 | |
Extractive Industries [Abstract] | |
Mineral Claim Interest | 4. MINERAL CLAIM INTEREST On August 15, 2013, the Company entered into a Quitclaim Deed (the “Deed”) with Kee Nez Resources, LLC (“Grantor”), a Utah limited liability company. Pursuant to the Deed, the Grantor, in consideration of $10 and other valuable consideration, remise, release, and forever quitclaim unto the Company all of Grantor’s right, title, and interest in and to the GSR group of unpatented lode mining claims situated in Churchill Country, Nevada. As a result, the Company has obtained title to the GSR claims in August 2013. The Company did not incur further expenditures on the property during the period ending June 30, 2019 (June 30, 2018: $nil) due to lack of cash. |
Capital Stock
Capital Stock | 12 Months Ended |
Jun. 30, 2019 | |
Equity [Abstract] | |
Capital Stock | 5. CAPITAL STOCK a) On April 24, 2006, the Company issued 6,000,000 common shares at $0.00001 per share to two founding shareholders. b) On March 28, 2007, the Company closed its public offering and issued additional 1,070,000 common shares at $0.10. c) The Company has not issued any shares during the year ended June 30, 2019 and 2018 and it has no stock option plan, warrants or other dilutive securities. |
Due to Related Parties
Due to Related Parties | 12 Months Ended |
Jun. 30, 2019 | |
Related Party Transactions [Abstract] | |
Due to Related Parties | 6. DUE TO RELATED PARTIES As of June 30, 2019 due to related parties balance of $211,541 (June 30, 2018: $182,628) represents the combination of the following: a) $54,959 (June 30, 2018: $54,959) owed to a company controlled by a former director and principal shareholder of the Company, for the amount of office, transfer agent and travel expenses paid by the related party on behalf of the Company. The amount is unsecured, non-interest bearing and due on demand; b) $28,000 (June 30, 2018: $28,000) owed to a director of the Company, for the amount of office, travel and telephone expenses paid by the related party on behalf of the Company. The amount is unsecured, non-interest bearing and due on demand. c) $128,582 (June 30, 2018: $99,669) was payable to a principal shareholder’s company, for the operating expenses paid by the related party on behalf of the Company. The loan amount is unsecured, non-interest bearing and due on demand. |
Loan Payable
Loan Payable | 12 Months Ended |
Jun. 30, 2019 | |
Debt Disclosure [Abstract] | |
Loan Payable | 7. LOAN PAYABLE Loan payable consists of the following: $201,558 (June 30, 2018: $201,558) was payable to non-related parties. The loan amount is unsecured, non-interest bearing and due on demand. |
Income Taxes
Income Taxes | 12 Months Ended |
Jun. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Income Taxes | 8. INCOME TAXES A reconciliation of income tax expense to the amount computed at the statutory rate is as follows: 2019 2018 Net loss for the year $ (32,892 ) $ (36,342 ) Statutory tax rate 21.00 % 27.50 % Computed expected (benefit) income taxes (6,907 ) (9,994 ) Income tax benefit not recognized 6,907 9,994 $ - $ - Significant components of deferred income tax assets are as follows: 2019 2018 Operating losses carried forward $ 140,000 $ 140,000 Valuation allowance (140,000 ) (140,000 ) $ - $ - The Company has incurred operating losses of approximately $689,000 which, if unutilized, will expire through to 2039. Future tax benefits, which may arise as a result of these losses, have not been recognized in these financial statements, and have been offset by a valuation allowance. The following table lists the fiscal year in which the loss was incurred and the expiration date of the operating loss carry forwards: Amount Expiration Date 37,000 2027 68,000 2028 22,000 2029 13,000 2030 88,000 2031 107,000 2032 125,000 2033 54,000 2034 57,000 2035 30,000 2036 19,000 2037 36,000 2038 33,000 2039 Total income tax operating loss carry forward 689,000 |
Basis of Presentation and Sig_2
Basis of Presentation and Significant Accounting Policies (Policies) | 12 Months Ended |
Jun. 30, 2019 | |
Accounting Policies [Abstract] | |
Cash and Cash Equivalents | Cash and Cash Equivalents Cash and cash equivalents consist entirely of readily available cash balances. There were no cash equivalents as of June 30, 2019 and 2018. |
Income Taxes | Income Taxes Income taxes are accounted for under the liability method of accounting for income taxes. Under the liability method, deferred tax liabilities and assets are recognized for the estimated future tax consequences attributable to differences between the amounts reported in the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred tax assets and liabilities are measured using enacted income tax rates expected to apply when the asset is realized or the liability is settled. The effect of a change in income tax rates on deferred tax liabilities and assets is recognized in income in the period in which the change occurs. Deferred tax assets are recognized to the extent that they are considered more likely than not to be realized. Per FASB ASC 740 “Income taxes” under the liability method, it is the Company’s policy to provide for uncertain tax positions and the related interest and penalties based upon management’s assessment of whether a tax benefit is more likely than not to be sustained upon examination by tax authorities. At June 30, 2019, the Company believes it has appropriately accounted for any unrecognized tax benefits. To the extent the Company prevails in matters for which a liability for an unrecognized benefit is established or is required to pay amounts in excess of the liability, the Company’s effective tax rate in a given financial statement period may be affected. Interest and penalties associated with the Company’s tax positions are recorded as Interest Expense. |
Comprehensive Income (Loss) | Comprehensive Income (Loss) The Company accounts for comprehensive income under the provisions of ASC Topic 220-10, Comprehensive Income – Overall, which establishes standards for reporting and display of comprehensive income, its components and accumulated balances. The Company is disclosing this information on its Statements of Operations and Comprehensive Loss. |
Earnings (Loss) Per Share | Earnings (Loss) Per Share Basic loss per share is computed on the basis of the weighted average number of common shares outstanding during each period. Diluted loss per share is computed on the basis of the weighted average number of common shares and dilutive securities outstanding. Stock options are considered to be common stock equivalents and were not included in the net loss per share calculation for the year ended June 30, 2019 and 2018 because the inclusion of such underlying shares would have had an anti-dilutive effect. |
Financial Instruments and Fair Value of Financial Instruments | Financial Instruments and Fair Value of Financial Instruments Fair Value of Financial Instruments – the Company adopted SFAS ASC 820-10-50, “Fair Value Measurements”. This guidance defines fair value, establishes a three-level valuation hierarchy for disclosures of fair value measurement and enhances disclosure requirements for fair value measures. The three levels are defined as follows: ● Level 1 inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets. ● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument. ● Level 3 inputs to valuation methodology are unobservable and significant to the fair measurement. As at June 30, 2019, the fair value of cash and cash equivalents was measured using Level 1 inputs. The Company’s financial instruments are cash, accounts payable and accrued liabilities, loan payable and due to related party. The recorded values of cash and cash equivalents, accounts payable and accrued liabilities and loan payable approximate their fair values based on their short-term nature. |
Income Taxes (Tables)
Income Taxes (Tables) | 12 Months Ended |
Jun. 30, 2019 | |
Income Tax Disclosure [Abstract] | |
Schedule of Reconciliation Income Tax Expenses (Benefit) | A reconciliation of income tax expense to the amount computed at the statutory rate is as follows: 2019 2018 Net loss for the year $ (32,892 ) $ (36,342 ) Statutory tax rate 21.00 % 27.50 % Computed expected (benefit) income taxes (6,907 ) (9,994 ) Income tax benefit not recognized 6,907 9,994 $ - $ - |
Schedule of Components of Deferred Income Tax Assets | Significant components of deferred income tax assets are as follows: 2019 2018 Operating losses carried forward $ 140,000 $ 140,000 Valuation allowance (140,000 ) (140,000 ) $ - $ - |
Summary of Operating Loss Carryforward | The following table lists the fiscal year in which the loss was incurred and the expiration date of the operating loss carry forwards: Amount Expiration Date 37,000 2027 68,000 2028 22,000 2029 13,000 2030 88,000 2031 107,000 2032 125,000 2033 54,000 2034 57,000 2035 30,000 2036 19,000 2037 36,000 2038 33,000 2039 Total income tax operating loss carry forward 689,000 |
Nature Of Operations and Goin_2
Nature Of Operations and Going Concern (Details Narrative) - USD ($) | Jun. 30, 2019 | Jun. 30, 2018 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Working capital deficit | $ 593,352 | $ 560,460 |
Deficit accumulated since inception | $ (700,412) | $ (667,520) |
Basis of Presentation and Sig_3
Basis of Presentation and Significant Accounting Policies (Details Narrative) - USD ($) | Jun. 30, 2019 | Jun. 30, 2018 |
Accounting Policies [Abstract] | ||
Cash equivalents |
Mineral Claim Interest (Details
Mineral Claim Interest (Details Narrative) - USD ($) | Aug. 15, 2013 | Jun. 30, 2019 | Jun. 30, 2018 |
Extractive Industries [Abstract] | |||
Mineral claim payment | $ 10 | ||
Expenditures incur on property |
Capital Stock (Details Narrativ
Capital Stock (Details Narrative) | Mar. 28, 2007$ / sharesshares | Apr. 24, 2006Integer$ / sharesshares | Jun. 30, 2019shares | Jun. 30, 2018shares |
Equity [Abstract] | ||||
Common stock shares issued during period for founding shareholders, shares | shares | 1,070,000 | 6,000,000 | ||
Common stock price per share | $ / shares | $ 0.10 | $ 0.00001 | ||
Number of founding shareholders | Integer | 2 |
Due to Related Parties (Details
Due to Related Parties (Details Narrative) - USD ($) | Jun. 30, 2019 | Jun. 30, 2018 |
Due to related parties | $ 211,541 | $ 182,628 |
Controlled by Former Director and Principal Shareholder [Member] | ||
Due to related parties | 54,959 | 54,959 |
Director of the Company [Member] | ||
Due to related parties | 28,000 | 28,000 |
Principal Shareholder's Company [Member] | ||
Due to related parties | $ 128,582 | $ 99,669 |
Loan Payable (Details Narrative
Loan Payable (Details Narrative) - USD ($) | Jun. 30, 2019 | Jun. 30, 2018 |
Debt Disclosure [Abstract] | ||
Loans payable | $ 201,558 | $ 201,558 |
Income Taxes (Details Narrative
Income Taxes (Details Narrative) | 12 Months Ended |
Jun. 30, 2019USD ($) | |
Income Tax Disclosure [Abstract] | |
Operating loss carryforwards | $ 689,000 |
Operating loss expiration date | expire through to 2039 |
Income Taxes - Schedule of Reco
Income Taxes - Schedule of Reconciliation Income Tax Expenses (Benefit) (Details) - USD ($) | 12 Months Ended | |
Jun. 30, 2019 | Jun. 30, 2018 | |
Income Tax Disclosure [Abstract] | ||
Net loss for the year | $ (32,892) | $ (36,342) |
Statutory tax rate | 21.00% | 27.50% |
Computed expected (benefit) income taxes | $ (6,907) | $ (9,994) |
Income tax benefit not recognized | 6,907 | 9,994 |
Income tax expense |
Income Taxes - Schedule of Comp
Income Taxes - Schedule of Components of Deferred Income Tax Assets (Details) - USD ($) | Jun. 30, 2019 | Jun. 30, 2018 |
Income Tax Disclosure [Abstract] | ||
Operating Losses Carried Forward | $ 140,000 | $ 140,000 |
Valuation Allowance | (140,000) | (140,000) |
Deferred Income Tax Assets |
Income Taxes - Summary of Opera
Income Taxes - Summary of Operating Loss Carryforward (Details) | Jun. 30, 2019USD ($) |
Operating Loss Carryforwards | $ 689,000 |
2027 [Member] | |
Operating Loss Carryforwards | 37,000 |
2028 [Member] | |
Operating Loss Carryforwards | 68,000 |
2029 [Member] | |
Operating Loss Carryforwards | 22,000 |
2030 [Member] | |
Operating Loss Carryforwards | 13,000 |
2031 [Member] | |
Operating Loss Carryforwards | 88,000 |
2032 [Member] | |
Operating Loss Carryforwards | 107,000 |
2033 [Member] | |
Operating Loss Carryforwards | 125,000 |
2034 [Member] | |
Operating Loss Carryforwards | 54,000 |
2035 [Member] | |
Operating Loss Carryforwards | 57,000 |
2036 [Member] | |
Operating Loss Carryforwards | 30,000 |
2037 [Member] | |
Operating Loss Carryforwards | 19,000 |
2038 [Member] | |
Operating Loss Carryforwards | 36,000 |
2039 [Member] | |
Operating Loss Carryforwards | $ 33,000 |