8. GOING CONCERN
The Company is currently in the pre-exploration stage, and it has acquired certain mining concessions but all will require further exploration. The Company does not expect to generate any revenue from operations for some time. Furthermore, the Company does not have sufficient funds available currently to service its debt and to pay its ongoing expenses which raises substantial doubt about its ability to continue as a going concern. The continuation of the Company as a going concern is dependent upon obtaining additional working capital either by loans or from equity financings. Management of the Company is currently negotiating certain equity funding, which, if successfully concluded will enable the Company to operate for the coming year.