1. Nature of Business and Summary of Significant Accounting Policies (Details) (USD $)	12 Months Ended
	Aug. 31, 2012	Aug. 31, 2011
Deferred tax assets:
Net operating loss carryforwards	$ 711,706	$ 489,375
Income tax rate	34.00%	34.00%
Deferred income taxes	241,980	166,387
Less valuation allowance	$ (241,980)	$ (166,387)

The component of income tax expense for the period representing the increase (decrease) in the entity's deferred tax assets and liabilities pertaining to continuing operations.

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Reference 7: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Glossary Deferred Tax Expense (or Benefit)

-URI http://asc.fasb.org/extlink&oid=6510177

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-Name Regulation S-X (SX)

-Number 210

-Section 08

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-Article 4

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-Name Staff Accounting Bulletin (SAB)

-Number Topic 6

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-Subsection 7

+ Details

- Definition

A ratio calculated by dividing the reported amount of income tax expense attributable to continuing operations for the period by GAAP-basis pretax income from continuing operations.

+ References+ Details

- Definition

Amount of an unrecognized tax benefit that is directly related to a position taken in a tax year that results in a net operating loss carryforward. This amount is presented as a reduction of the related deferred tax asset in the balance sheet if that deferred tax asset is not used. This amount is presented separately from the deferred tax asset for a net operating loss carryforward if this unrelated tax benefit is associated with a different tax position.

+ References+ Details

Gunpowder Gold Corp 10-K