Condensed Statements of Cash Flows (Unaudited) - USD ($) |
6 Months Ended | |
|---|---|---|
Jan. 31, 2017 |
Jan. 31, 2016 |
|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Income (loss) | $ 103,444 | $ (234,624) |
| Adjustments to reconcile net income (loss) to net cash used by operating activities: | ||
| Management fees (recovery) | (186,491) | 172,163 |
| Changes in operating assets and liabilities: | ||
| Decrease in prepaid expense | 260 | |
| Increase (decrease) in accounts payable and accrued liabilities | (45,878) | (6,222) |
| Net cash used in operating activities | (128,665) | (68,683) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net cash provided by financing activities | ||
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Purchase of Mineracao Batovi Ltda. interest | (30,000) | |
| Funds loaned to Panama project | (150,000) | |
| Net cash used in investing activities | (30,000) | (150,000) |
| Net change in cash | (158,665) | (218,683) |
| Cash - beginning of period | 390,660 | 734,386 |
| Cash - end of period | 231,995 | 515,703 |
| Supplemental Cash Flow Disclosure: | ||
| Cash paid for interest | ||
| Cash paid for income taxes | ||