3. Significant Accounting Policies	3 Months Ended
Sep. 30, 2011
Significant Accounting Policies [Text Block]	3. Significant Accounting Policies There have been no changes in accounting policies from those disclosed in the notes to the audited financial statements for December 31, 2010. Fair Value of Financial Instruments The carrying amounts for cash, accounts payable and accrued liabilities and amounts due to related parties approximate their fair value due to their short term nature. Recently Issued Accounting Pronouncements Recently issued accounting pronouncements by the FASB (including its Emerging Issues Task Force), the AICPA and the SEC did not, or are not believed by management, to have a material impact on the present or future financial statements.

3. Significant Accounting Policies

3 Months Ended

Sep. 30, 2011

Significant Accounting Policies [Text Block]

3. Significant Accounting Policies

There have been no changes in accounting policies from those disclosed in the notes to the audited financial statements for December 31, 2010.

Fair Value of Financial Instruments

The carrying amounts for cash, accounts payable and accrued liabilities and amounts due to related parties approximate their fair value due to their short term nature.

Recently Issued Accounting Pronouncements

Recently issued accounting pronouncements by the FASB (including its Emerging Issues Task Force), the AICPA and the SEC did not, or are not believed by management, to have a material impact on the present or future financial statements.

Cormac Mining Inc. 10-Q