Document And Entity Information
Document And Entity Information - shares | 3 Months Ended | |
Oct. 31, 2023 | Dec. 07, 2023 | |
Document Information [Line Items] | ||
Document Type | 10-Q | |
Document Quarterly Report | true | |
Document Period End Date | Oct. 31, 2023 | |
Document Transition Report | false | |
Entity File Number | 333-146934 | |
Entity Registrant Name | NORTHERN MINERALS & EXPLORATION LTD. | |
Entity Incorporation, State or Country Code | NV | |
Entity Tax Identification Number | 98-0557171 | |
Entity Address, Address Line One | 881 West State Road | |
Entity Address, City or Town | Pleasant Grove | |
Entity Address, State or Province | UT | |
Entity Address, Postal Zip Code | 84062 | |
City Area Code | 801 | |
Local Phone Number | 885-9260 | |
Entity Current Reporting Status | Yes | |
Entity Interactive Data Current | Yes | |
Entity Filer Category | Non-accelerated Filer | |
Entity Emerging Growth Company | true | |
Entity Small Business | true | |
Entity Ex Transition Period | false | |
Entity Shell Company | false | |
Entity Common Stock, Shares Outstanding (in shares) | 90,059,357 | |
Entity Central Index Key | 0001415744 | |
Current Fiscal Year End Date | --07-31 | |
Document Fiscal Year Focus | 2023 | |
Document Fiscal Period Focus | Q1 | |
Amendment Flag | false |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) | Oct. 31, 2023 | Jul. 31, 2023 |
Current Assets: | ||
Cash | $ 2,105 | $ 6,900 |
Total Current Assets | 2,105 | 6,900 |
TOTAL ASSETS | 2,105 | 6,900 |
Current Liabilities: | ||
Accrued liabilities | 28,747 | 27,152 |
Loans payable | 86,000 | 86,000 |
Total Current Liabilities | 206,911 | 183,016 |
Loan Payable | 85,000 | 85,000 |
TOTAL LIABILITIES | 291,911 | 268,016 |
Stockholders’ Deficit: | ||
Preferred stock, $0.001 par value, 50,000,000 shares authorized; no shares issued | 0 | 0 |
Common stock, $0.001 par value, 250,000,000 shares authorized; 89,059,357 shares issued and outstanding as of October 31, 2023, and 93,809,357 shares issued and 89,059,357 shares outstanding and July 31, 2023, respectively | 89,059 | 89,059 |
Common stock to be issued | 63,000 | 30,000 |
Additional paid-in-capital | 2,987,668 | 2,987,668 |
Accumulated deficit | (3,429,533) | (3,367,843) |
Total Stockholders’ Deficit | (289,806) | (261,116) |
TOTAL LIABILITIES & STOCKHOLDERS’ DEFICIT | 2,105 | 6,900 |
Nonrelated Party [Member] | ||
Current Liabilities: | ||
Accounts payable | 57,464 | 43,364 |
Related Party [Member] | ||
Current Liabilities: | ||
Accounts payable | $ 34,700 | $ 26,500 |
Condensed Consolidated Balanc_2
Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares | Oct. 31, 2023 | Jul. 31, 2023 |
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 |
Preferred Stock, Shares Authorized (in shares) | 50,000,000 | 50,000,000 |
Preferred Stock, Shares Issued (in shares) | 0 | 0 |
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ 0.001 | $ 0.001 |
Common Stock, Shares Authorized (in shares) | 250,000,000 | 250,000,000 |
Common Stock, Shares, Issued (in shares) | 89,059,357 | 93,809,357 |
Common Stock, Shares, Outstanding (in shares) | 89,059,357 | 89,059,357 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ / shares in Thousands | 3 Months Ended | |
Oct. 31, 2023 | Oct. 31, 2022 | |
Operating expenses: | ||
Officer compensation | $ 6,600 | $ 6,600 |
Consulting – related party | 18,000 | 18,000 |
Professional fees | 18,100 | 16,500 |
General and administrative expenses | 16,120 | 10,552 |
Total operating expenses | 58,820 | 51,652 |
Loss from operations | (58,820) | (51,652) |
Other income (expense): | ||
Interest expense | (2,870) | (1,585) |
Other income | 0 | 1,481 |
Total other income (expense) | (2,870) | (104) |
Loss before provision for income taxes | (61,690) | (51,756) |
Provision for income taxes | 0 | 0 |
Net Loss | $ (61,690) | $ (51,756) |
Net loss per share, basic and diluted (in dollars per share) | $ 0 | $ 0 |
Weighted average number of common shares outstanding, basic and diluted (in shares) | 89,059,357 | 82,509,357 |
Condensed Consolidated Statem_2
Condensed Consolidated Statement of Changes in Stockholders' Equity (Deficit) (Unaudited) - USD ($) | Common Stock [Member] Related Party [Member] | Common Stock [Member] Nonrelated Party [Member] | Common Stock [Member] | Additional Paid-in Capital [Member] Related Party [Member] | Additional Paid-in Capital [Member] Nonrelated Party [Member] | Additional Paid-in Capital [Member] | Common Stock to be Issued [Member] Related Party [Member] | Common Stock to be Issued [Member] Nonrelated Party [Member] | Common Stock to be Issued [Member] | Retained Earnings [Member] Related Party [Member] | Retained Earnings [Member] Nonrelated Party [Member] | Retained Earnings [Member] | Related Party [Member] | Nonrelated Party [Member] | Total |
Balance, July 31, 2022 (in shares) at Jul. 31, 2022 | 82,509,357 | ||||||||||||||
Balance, July 31, 2022 at Jul. 31, 2022 | $ 82,509 | $ 2,873,468 | $ 0 | $ (3,391,341) | $ (435,364) | ||||||||||
Net loss | $ 0 | 0 | 0 | (51,756) | (51,756) | ||||||||||
Balance, October 31, 2022 (in shares) at Oct. 31, 2022 | 82,509,357 | ||||||||||||||
Balance, October 31, 2022 at Oct. 31, 2022 | $ 82,509 | 2,873,468 | 0 | (3,443,097) | (487,120) | ||||||||||
Balance, July 31, 2022 (in shares) at Jul. 31, 2023 | 89,059,357 | ||||||||||||||
Balance, July 31, 2022 at Jul. 31, 2023 | $ 89,059 | 2,987,668 | 30,000 | (3,367,843) | (261,116) | ||||||||||
Net loss | $ 0 | 0 | 0 | (61,690) | (61,690) | ||||||||||
Balance, October 31, 2022 (in shares) at Oct. 31, 2023 | 89,059,357 | ||||||||||||||
Balance, October 31, 2022 at Oct. 31, 2023 | $ 89,059 | $ 2,987,668 | $ 63,000 | $ (3,429,533) | (289,806) | ||||||||||
Common stock issued for cash (in shares) | 0 | 0 | |||||||||||||
Common stock issued for cash | $ 0 | $ 0 | $ 0 | $ 0 | $ 25,000 | $ 8,000 | $ 0 | $ 0 | $ 25,000 | $ 8,000 | $ 8,000 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) | 3 Months Ended | |
Oct. 31, 2023 | Oct. 31, 2022 | |
Cash Flows from Operating Activities: | ||
Net loss | $ (61,690) | $ (51,756) |
Changes in Operating Assets and Liabilities: | ||
Accrued liabilities | 1,595 | 1,585 |
Net cash used in operating activities | (37,795) | (23,022) |
Cash Flows used in Investing Activities: | 0 | 0 |
Cash Flows from Financing Activities: | ||
Net cash provided by financing activities | 33,000 | 0 |
Net change in cash | (4,795) | (23,022) |
Cash at beginning of the period | 6,900 | 25,813 |
Cash at end of the period | 2,105 | 2,791 |
Cash paid during the period for: | ||
Interest | 1,275 | 0 |
Taxes | 0 | 0 |
Nonrelated Party [Member] | ||
Changes in Operating Assets and Liabilities: | ||
Accounts payables and accrued liabilities | 14,100 | 21,149 |
Cash Flows from Financing Activities: | ||
Proceeds from the sale of common stock | 8,000 | 0 |
Related Party [Member] | ||
Changes in Operating Assets and Liabilities: | ||
Accounts payables and accrued liabilities | 8,200 | 6,000 |
Cash Flows from Financing Activities: | ||
Proceeds from the sale of common stock | $ 25,000 | $ 0 |
Note 1 - Organization and Busin
Note 1 - Organization and Business Operations | 3 Months Ended |
Oct. 31, 2023 | |
Notes to Financial Statements | |
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block] | NOTE 1 ORGANIZATION AND BUSINESS OPERATIONS Northern Minerals & Exploration Ltd. (the “Company”) is an emerging natural resource company operating in oil and gas production in central Texas and exploration for gold and silver in northern Nevada. The Company was incorporated in Nevada on December 11, 2006 under the name Punchline Entertainment, Inc. On August 22, 2012, the Company’s board of directors approved an agreement and plan of merger to effect a name change of the Company from Punchline Entertainment, Inc. to Punchline Resources Ltd. On July 12, 2013, the stockholders approved an amendment to change the name of the Company from Punchline Resources Ltd. to Northern Mineral & Exploration Ltd. FINRA approved the name change on August 13, 2013. On November 22, 2017, the Company created a wholly owned subsidiary, Kathis Energy LLC (“Kathis”) for the purpose of conducting oil and gas drilling programs in Texas. On December 14, 2017, Kathis Energy, LLC and other Limited Partners, created Kathis Energy Fund 1, LP, a limited partnership created for raising investor funds. On May 7, 2018, the Company created ENMEX LLC, a wholly owned subsidiary in Mexico, for the purposes of managing and operating its investments in Mexico including but not limited to the Joint Venture opportunity being negotiated with Pemer Bacalar on the 61 acres on the Bacalar Lagoon on the Yucatan Peninsula. There was no activity from inception to date. |
Note 2 - Significant Accounting
Note 2 - Significant Accounting Policies | 3 Months Ended |
Oct. 31, 2023 | |
Notes to Financial Statements | |
Significant Accounting Policies [Text Block] | NOTE 2 SIGNIFICANT ACCOUNTING POLICIES Basis of presentation The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending July 31, 2024. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2023. Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. Cash and Cash Equivalents The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no cash equivalents as of October 31, 2023 and 2022. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Kathis Energy LLC, Kathis Energy Fund 1, LLP and Enmex Operations LLC. All financial information has been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated. Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the three months ended October 31, 2023. Mineral Property Acquisition and Exploration Costs Mineral property acquisition and exploration costs are expensed as incurred until such time as economic reserves are quantified. Cost of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. We have chosen to expense all mineral exploration costs as incurred given that it is still in the exploration stage. Once our company has identified proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs will be amortized over the estimated life of the probable-proven reserves. When our company has capitalized mineral properties, these properties will be periodically assessed for impairment of value and any diminution in value. Oil and Gas Properties The Company follows the successful efforts method of accounting for its oil and gas properties. Under this method of accounting, all property acquisition costs and costs of exploratory and development wells are capitalized when incurred, pending determination of whether the well found proved reserves. If an exploratory well does not find proved reserves, the costs of drilling the well are charged to expense. The costs of development wells are capitalized whether those wells are successful or unsuccessful. Other exploration costs, including certain geological and geophysical expenses and delay rentals for oil and gas leases, are charged to expense as incurred. Maintenance and repairs are charged to expense, and renewals and betterments are capitalized to the appropriate property and equipment accounts. Depletion and amortization of oil and gas properties are computed on a well-by-well basis using the units-of-production method. Although the Company has recognized minimal levels of production and revenue in the past, none of its property have proved reserves. Therefore, the Company’s properties are designated as unproved properties. Unproved property costs are not subject to amortization and consist primarily of leasehold costs related to unproved areas. Unproved property costs are transferred to proved properties if the properties are subsequently determined to be productive and are assigned proved reserves. Proceeds from sales of partial interest in unproved leases are accounted for as a recovery of cost without recognizing any gain until all cost is recovered. Unproved properties are assessed periodically for impairment based on remaining lease terms, drilling results, reservoir performance, commodity price outlooks or future plans to develop acreage. Asset Retirement Obligation Accounting Standards Codification (“ASC”) Topic 410, Asset Retirement and Environmental Obligations (“ASC 410”) requires an entity to recognize the fair value of a liability for an asset retirement obligation in the period in which it is incurred. The net estimated costs are discounted to present values using credit-adjusted, risk-free rate over the estimated economic life of the oil and gas properties. Such costs are capitalized as part of the related asset. The asset is depleted on the equivalent unit-of-production method based upon estimates of proved oil and natural gas reserves. The liability is periodically adjusted to reflect (1) new liabilities incurred, (2) liabilities settled during the period, (3) accretion expense and (4) revisions to estimated future cash flow requirements. Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to ASC 260-10-45, Earnings per Share Overall Other Presentation Matters For the three months ended October 31, 2023 and 2022, the Company had no Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Note 3 - Going Concern
Note 3 - Going Concern | 3 Months Ended |
Oct. 31, 2023 | |
Notes to Financial Statements | |
Substantial Doubt about Going Concern [Text Block] | NOTE 3 GOING CONCERN The accompanying unaudited financial statements are prepared and presented on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. Accordingly, they do not include any adjustments relating to the realization of the carrying value of assets or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going concern. Since inception to October 31, 2023, the Company has an accumulated deficit of $3,429,533. The Company intends to fund operations through equity financing arrangements, which may be insufficient to fund its capital expenditures, working capital and other cash requirements for the next twelve months. These factors, among others, raise substantial doubt about the Company’s ability to continue as a going concern. The accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty. |
Note 4 - Loans Payable
Note 4 - Loans Payable | 3 Months Ended |
Oct. 31, 2023 | |
Notes to Financial Statements | |
Debt Disclosure [Text Block] | NOTE 4 LOANS PAYABLE On April 16, 2017, the Company executed a promissory note for $15,000 with a third party. The note matures in two years and interest is set at $3,000 for the full two years. As of October 31, 2023, there is $15,000 and $8,250 of principal and accrued interest, respectively, due on this loan. As of July 31, 2023, there was $15,000 and $7,875 of principal and accrued interest, respectively, due on this loan. This loan is currently in default. On June 11, 2020, a third party loaned the Company $14,000. On March 3, 2021, the party loaned another $5,000 to the Company. During the year ended July 31, 2022, the Company repaid $15,000 of the loan. During the year ended July 31, 2023, the Company borrowed an additional $7,000. The loan is unsecured, non-interest bearing and due on demand. As of October 31, 2023, there is a balance due of $11,000. During the year ended July 31, 2020, a third party loaned the Company $60,000. The loan is unsecured, bears interest at 8% per annum and matures on September 1, 2021. As of October 31, 2023, there is $19,635 of interest accrued on this note. This note is in default. On June 1, 2023, the Company issued a Promissory Note to Golden Sands Exploration Inc, for $85,000. The note bears interest at 6% and matures on June 1, 2026. Interest is to be paid quarterly with the first payment due on or before September 1, 2023. As of October 31, 2023, there is $862 of interest accrued on this note. |
Note 5 - Common Stock Transacti
Note 5 - Common Stock Transaction | 3 Months Ended |
Oct. 31, 2023 | |
Notes to Financial Statements | |
Equity [Text Block] | NOTE 5 COMMON STOCK TRANSACTION During the three months October 31, 2023, the Company received $8,000 for the purchase of common stock. As of October 31, 2023, the agreement for the sale of the shares has not been finalized and the shares have not been issued. The $8,000 is disclosed as common stock to be issued. Refer to Note 6 for shares sold to a related party. |
Note 6 - Related Party Transact
Note 6 - Related Party Transactions | 3 Months Ended |
Oct. 31, 2023 | |
Notes to Financial Statements | |
Related Party Transactions Disclosure [Text Block] | NOTE 6 RELATED PARTY TRANSACTIONS For the three months ended October 31, 2023 and 2022, total payments of $12,000 and $12,000, respectively, were made to Noel Schaefer, a Director of the Company, for consulting services. As of October 31, 2023 and July 31, 2023, there is $32,500 and $26,500 credited to accounts payable. As of October 31, 2023 and July 31, 2023, there is $2,200 and $0, respectively, credited to accounts payable for amounts due to Rachel Boulds, CFO, for consulting services. On August 28, 2023, Mr. Miranda, director, purchased 1,666,667 shares of common stock for $25,000. As of October 31, 2023, the shares have not been issued. The $25,000 is disclosed as common stock to be issued. |
Note 7 - Subsequent Events
Note 7 - Subsequent Events | 3 Months Ended |
Oct. 31, 2023 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] | NOTE 7 SUBSEQUENT EVENTS Management has evaluated subsequent events pursuant to the requirements of ASC Topic 855, from the balance sheet date through the date the financial statements were issued and has determined that there are no material subsequent events to disclose other than the following. Subsequent to October 31, 2023, Mr. Miranda purchased 1,000,000 shares of common stock for $20,000. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 3 Months Ended |
Oct. 31, 2023 | |
Accounting Policies [Abstract] | |
Basis of Accounting, Policy [Policy Text Block] | Basis of presentation The Company’s unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The accompanying unaudited condensed financial statements reflect all adjustments, consisting of only normal recurring items, which, in the opinion of management, are necessary for a fair statement of the results of operations for the periods shown and are not necessarily indicative of the results to be expected for the full year ending July 31, 2024. These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended July 31, 2023. |
Use of Estimates, Policy [Policy Text Block] | Use of estimates The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. |
Cash and Cash Equivalents, Policy [Policy Text Block] | Cash and Cash Equivalents The Company considers all cash accounts, which are not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of three months or less as cash and cash equivalents. The carrying amount of financial instruments included in cash and cash equivalents approximates fair value because of the short maturities for the instruments held. The Company had no cash equivalents as of October 31, 2023 and 2022. |
Consolidation, Policy [Policy Text Block] | Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries, Kathis Energy LLC, Kathis Energy Fund 1, LLP and Enmex Operations LLC. All financial information has been prepared in conformity with accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated. |
Reclassification, Comparability Adjustment [Policy Text Block] | Reclassifications Certain reclassifications have been made to the prior period financial information to conform to the presentation used in the financial statements for the three months ended October 31, 2023. |
Exploratory Drilling Costs Capitalization and Impairment, Policy [Policy Text Block] | Mineral Property Acquisition and Exploration Costs Mineral property acquisition and exploration costs are expensed as incurred until such time as economic reserves are quantified. Cost of lease, exploration, carrying and retaining unproven mineral lease properties are expensed as incurred. We have chosen to expense all mineral exploration costs as incurred given that it is still in the exploration stage. Once our company has identified proven and probable reserves in its investigation of its properties and upon development of a plan for operating a mine, it would enter the development stage and capitalize future costs until production is established. When a property reaches the production stage, the related capitalized costs will be amortized over the estimated life of the probable-proven reserves. When our company has capitalized mineral properties, these properties will be periodically assessed for impairment of value and any diminution in value. |
Oil and Gas Properties Policy [Policy Text Block] | Oil and Gas Properties The Company follows the successful efforts method of accounting for its oil and gas properties. Under this method of accounting, all property acquisition costs and costs of exploratory and development wells are capitalized when incurred, pending determination of whether the well found proved reserves. If an exploratory well does not find proved reserves, the costs of drilling the well are charged to expense. The costs of development wells are capitalized whether those wells are successful or unsuccessful. Other exploration costs, including certain geological and geophysical expenses and delay rentals for oil and gas leases, are charged to expense as incurred. Maintenance and repairs are charged to expense, and renewals and betterments are capitalized to the appropriate property and equipment accounts. Depletion and amortization of oil and gas properties are computed on a well-by-well basis using the units-of-production method. Although the Company has recognized minimal levels of production and revenue in the past, none of its property have proved reserves. Therefore, the Company’s properties are designated as unproved properties. Unproved property costs are not subject to amortization and consist primarily of leasehold costs related to unproved areas. Unproved property costs are transferred to proved properties if the properties are subsequently determined to be productive and are assigned proved reserves. Proceeds from sales of partial interest in unproved leases are accounted for as a recovery of cost without recognizing any gain until all cost is recovered. Unproved properties are assessed periodically for impairment based on remaining lease terms, drilling results, reservoir performance, commodity price outlooks or future plans to develop acreage. |
Asset Retirement Obligation [Policy Text Block] | Asset Retirement Obligation Accounting Standards Codification (“ASC”) Topic 410, Asset Retirement and Environmental Obligations (“ASC 410”) requires an entity to recognize the fair value of a liability for an asset retirement obligation in the period in which it is incurred. The net estimated costs are discounted to present values using credit-adjusted, risk-free rate over the estimated economic life of the oil and gas properties. Such costs are capitalized as part of the related asset. The asset is depleted on the equivalent unit-of-production method based upon estimates of proved oil and natural gas reserves. The liability is periodically adjusted to reflect (1) new liabilities incurred, (2) liabilities settled during the period, (3) accretion expense and (4) revisions to estimated future cash flow requirements. |
Earnings Per Share, Policy [Policy Text Block] | Basic and Diluted Earnings Per Share Net income (loss) per common share is computed pursuant to ASC 260-10-45, Earnings per Share Overall Other Presentation Matters For the three months ended October 31, 2023 and 2022, the Company had no |
New Accounting Pronouncements, Policy [Policy Text Block] | Recently issued accounting pronouncements The Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its financial position or results of operations. |
Note 2 - Significant Accounti_2
Note 2 - Significant Accounting Policies (Details Textual) - shares shares in Thousands | 3 Months Ended | |
Oct. 31, 2023 | Oct. 31, 2022 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares) | 0 | 0 |
Note 3 - Going Concern (Details
Note 3 - Going Concern (Details Textual) - USD ($) | Oct. 31, 2023 | Jul. 31, 2023 |
Retained Earnings (Accumulated Deficit) | $ 3,429,533 | $ 3,367,843 |
Note 4 - Loans Payable (Details
Note 4 - Loans Payable (Details Textual) - USD ($) | 12 Months Ended | |||||||
Jul. 31, 2022 | Oct. 31, 2023 | Jul. 31, 2023 | Jun. 01, 2023 | Mar. 03, 2021 | Jul. 31, 2020 | Jun. 11, 2020 | Apr. 16, 2017 | |
Unsecured Debt | $ 11,000 | $ 7,000 | $ 5,000 | $ 14,000 | ||||
Repayments of Unsecured Debt | $ 15,000 | |||||||
New Option Agreement [Member] | Winnemucca Mountain Property [Member] | ||||||||
Other Commitment | $ 85,000 | |||||||
Promissory Note [Member] | ||||||||
Notes Payable | 15,000 | 15,000 | $ 15,000 | |||||
Interest Payable | 8,250 | $ 7,875 | $ 3,000 | |||||
Promissory Note [Member] | Golden Sands Exploration, Inc [Member] | ||||||||
Interest Payable | 862 | |||||||
Promissory Note [Member] | Golden Sands Exploration, Inc [Member] | Settlement and Promissory Note Agreement [Member] | ||||||||
Debt Instrument, Interest Rate, Stated Percentage | 6% | |||||||
July 31, 2020 Unsecured Note [Member] | ||||||||
Interest Payable | $ 19,635 | |||||||
Unsecured Debt | $ 60,000 | |||||||
Debt Instrument, Interest Rate, Stated Percentage | 8% |
Note 5 - Common Stock Transac_2
Note 5 - Common Stock Transaction (Details Textual) - USD ($) | 3 Months Ended | |
Oct. 31, 2023 | Oct. 31, 2023 | |
Stock Issued During Period, Value, New Issues | $ 20,000 | $ 8,000 |
Gain (Loss) on Sale of Previously Unissued Stock by Subsidiary or Equity Investee, Nonoperating Income | $ 8,000 |
Note 6 - Related Party Transa_2
Note 6 - Related Party Transactions (Details Textual) - USD ($) | 3 Months Ended | |||||
Oct. 31, 2023 | Aug. 28, 2023 | Oct. 31, 2023 | Oct. 31, 2022 | Jul. 31, 2023 | Jul. 31, 2022 | |
Stock Issued During Period, Shares, New Issues | 1,000,000 | |||||
Stock Issued During Period, Value, New Issues | $ 20,000 | $ 8,000 | ||||
Mr Miranda [Member] | Common Stock to be Issued [Member] | ||||||
Stock Issued During Period, Shares, New Issues | 1,666,667 | |||||
Stock Issued During Period, Value, New Issues | $ 25,000 | |||||
Consulting Services [Member] | Director [Member] | ||||||
Costs and Expenses | 12,000 | $ 12,000 | ||||
Accounts Payable | 32,500 | 32,500 | $ 26,500 | |||
Consulting Services [Member] | Chief Financial Officer [Member] | ||||||
Accounts Payable | $ 2,200 | $ 2,200 | $ 0 |
Note 7 - Subsequent Events (Det
Note 7 - Subsequent Events (Details Textual) - USD ($) | 3 Months Ended | |
Oct. 31, 2023 | Oct. 31, 2023 | |
Stock Issued During Period, Shares, New Issues | 1,000,000 | |
Stock Issued During Period, Value, New Issues | $ 20,000 | $ 8,000 |