Note B - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)	12 Months Ended
Dec. 31, 2013
Policies
Fair Value of Financial Instruments	Fair Value of Financial Instruments We use the established three-level valuation hierarchy for valuing and disclosing our financial instruments at fair value. 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. The carrying amounts reported in the balance sheets for cash, marketable securities, and current liabilities are at cost which approximates their fair value due to their short-term nature. As part of our August 2010 settlement with Queenstake Resources we obtained 2,000,000 shares of common stock of Queenstake's parent company, Yukon Nevada Gold Corp. ("YNG"). On October 9, 2012, Yukon Nevada Gold Corp. commenced trading on the Toronto Stock Exchange under the name Veris Gold Corp. with the symbol VG. On that same date, Veris Gold Corp. instituted a 10 for 1 reverse split of its common shares. All numbers for Veris Gold Corp./Yukon Nevada Gold Corp. in these financial statements are based on a post reverse price and quantity. In these financial statements Yukon Nevada Gold Corp./Veris Gold Corp. will be referred to as Veris Gold and or VG. These securities, classified as available for sale, are our only financial instrument that is measured at fair value on a recurring basis. At December 31, 2013, we held 0 shares of VG and the fair value of these shares, using level 1 inputs, was $0. Since the securities are classified as available for sale, we recognize realized gains / losses and declines in value of the securities deemed to be other than temporary in earnings. Unrealized gains / losses are recognized as a component of other comprehensive income. For the year ended December 31, 2012 we recognized an unrealized gain of $180,866 on our VG common stock holdings. For the year ended December 31, 2013 we recognized an unrealized gain of $263,189 on our VG common stock holdings, and a $283,266 loss on the sale of our investment in VG, resulting in $0 remaining unrealized gains / losses in accumulated other comprehensive income / loss at December 31, 2013.

Note B - Summary of Significant Accounting Policies: Fair Value of Financial Instruments (Policies)

12 Months Ended

Dec. 31, 2013

Fair Value of Financial Instruments

We use the established three-level valuation hierarchy for valuing and disclosing our financial instruments at fair value. 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.

The carrying amounts reported in the balance sheets for cash, marketable securities, and current liabilities are at cost which approximates their fair value due to their short-term nature.

As part of our August 2010 settlement with Queenstake Resources we obtained 2,000,000 shares of common stock of Queenstake's parent company, Yukon Nevada Gold Corp. ("YNG"). On October 9, 2012, Yukon Nevada Gold Corp. commenced trading on the Toronto Stock Exchange under the name Veris Gold Corp. with the symbol VG. On that same date, Veris Gold Corp. instituted a 10 for 1 reverse split of its common shares. All numbers for Veris Gold Corp./Yukon Nevada Gold Corp. in these financial statements are based on a post reverse price and quantity. In these financial statements Yukon Nevada Gold Corp./Veris Gold Corp. will be referred to as Veris Gold and or VG.

These securities, classified as available for sale, are our only financial instrument that is measured at fair value on a recurring basis. At December 31, 2013, we held 0 shares of VG and the fair value of these shares, using level 1 inputs, was $0.

Since the securities are classified as available for sale, we recognize realized gains / losses and declines in value of the securities deemed to be other than temporary in earnings. Unrealized gains / losses are recognized as a component of other comprehensive income. For the year ended December 31, 2012 we recognized an unrealized gain of $180,866 on our VG common stock holdings. For the year ended December 31, 2013 we recognized an unrealized gain of $263,189 on our VG common stock holdings, and a $283,266 loss on the sale of our investment in VG, resulting in $0 remaining unrealized gains / losses in accumulated other comprehensive income / loss at December 31, 2013.