| SEGMENTED INFORMATION [Text Block] |
|
NOTE 11 – SEGMENTED INFORMATION
|
The Company’s only business activity is exploration and development of mineral properties. This activity is carried out in Colombia.
The breakdown by geographic area for the year ended February 29, 2012 is as follows:
| |
|
United States
|
|
|
Colombia
|
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
| Net loss |
$ |
1,249,618
|
|
$ |
757,869
|
|
$ |
2,007,487
|
|
| |
|
|
|
|
|
|
|
|
|
| Current assets |
$ |
9,631
|
|
$ |
116
|
|
$ |
9,747
|
|
| Deposit |
$ |
-
|
|
$ |
1,176
|
|
$ |
1,176
|
|
| Property and equipment and website |
|
-
|
|
|
15,638
|
|
|
15,638
|
|
| Other assets |
|
-
|
|
|
5,735,000
|
|
|
5,735,000
|
|
| |
|
|
|
|
|
|
|
|
|
| Total assets |
$ |
9,631
|
|
$ |
5,750,754
|
|
$ |
5,761,561
|
|
The breakdown by geographic area for the year ended February 28, 2011 is as follows:
| |
|
United States
|
|
|
Colombia
|
|
|
Total
|
|
| |
|
|
|
|
|
|
|
|
|
| Net Loss |
$ |
4,766,383
|
|
$ |
780,622
|
|
$ |
5,547,005
|
|
| |
|
|
|
|
|
|
|
|
|
| Current assets |
$ |
166,238
|
|
$ |
15,706
|
|
$ |
181,944
|
|
| Property and equipment |
|
-
|
|
|
7,211
|
|
|
7,211
|
|
| Other assets |
|
-
|
|
|
5,415,000
|
|
|
5,415,000
|
|
| |
|
|
|
|
|
|
|
|
|
| Total assets |
$ |
166,238
|
|
$ |
5,437,917
|
|
$ |
5,604,155
|
|
|