Advance for Mineral Property Option	9 Months Ended
May 31, 2014
Advance for Mineral Property Option [Text Block]	Note 6 - Advance for Mineral Property Option On September 6, 2013, Laredo bought the mineral rights to the Pony Mountain Gold Property from a third party, Magna Management Ltd. During the quarter ending May 31, 2014, the Company paid $47,600 to Magna Management Ltd. The total purchase price for these rights is $3,000,000. However, the Company does not have title to the property and, therefore, has only recorded payments made through May 31, 2014 toward the total purchase price in the financial statements.

Advance for Mineral Property Option

9 Months Ended

May 31, 2014

Advance for Mineral Property Option [Text Block]

Note 6 - Advance for Mineral Property Option

On September 6, 2013, Laredo bought the mineral rights to the Pony Mountain Gold Property from a third party, Magna Management Ltd. During the quarter ending May 31, 2014, the Company paid $47,600 to Magna Management Ltd. The total purchase price for these rights is $3,000,000. However, the Company does not have title to the property and, therefore, has only recorded payments made through May 31, 2014 toward the total purchase price in the financial statements.

Laredo Resources Corp. 10-Q