b. Exploration Stage Enterprise – Following the sale of Timberline Drilling, we are now in the exploration stage of operation. Therefore, as of November 9, 2011, our financial statements are prepared in accordance with the provisions of ASC 915 Development Stage Enterprises, as we devote substantially all of our efforts to acquiring and exploring mining interests that management believes should eventually provide sufficient net profits to sustain our existence. Until such interests are engaged in commercial production, we will continue to prepare our consolidated financial statements and related disclosures in accordance with this standard.