Golden Star Resource Corp. Files 10-Q for Period Ended December 31, 2023

TL;DR

<b>Golden Star Resource Corp. has filed its quarterly report (10-Q) for the period ending December 31, 2023, detailing its financial status as an exploration stage company.</b>

AI Summary

Golden Star Resource Corp. (GLNS) filed a Quarterly Report (10-Q) with the SEC on February 1, 2024. Filed a 10-Q report for the quarterly period ended December 31, 2023. The company is an exploration stage company incorporated in Nevada. Principal executive offices are located at #300 – 500 North Rainbow Blvd, Las Vegas, Nevada 89107. The filing covers the period from July 1, 2023, to December 31, 2023. The report is filed under Section 13 or 15(d) of the Securities Exchange Act of 1934.

Why It Matters

For investors and stakeholders tracking Golden Star Resource Corp., this filing contains several important signals. This filing provides crucial updates on the company's financial performance and operational status for the specified quarter, which is essential for investors to assess the company's progress and future prospects. As an exploration stage company, the 10-Q is vital for understanding its resource development activities, capital expenditures, and any potential discoveries or challenges encountered during the reporting period.

Risk Assessment

Risk Level: low — Golden Star Resource Corp. shows low risk based on this filing. The filing is a standard 10-Q report, indicating routine disclosure rather than significant new events or financial distress.

Analyst Insight

Review the detailed financial statements and management's discussion and analysis within the 10-Q to understand Golden Star Resource Corp.'s exploration progress and financial health.

Key Numbers

• 2023-12-31 — Quarterly Period End Date (Reported period)
• 2023-07-01 — Quarterly Period Start Date (Reported period)
• 000-52837 — Commission File Number (SEC filing identifier)

Key Players & Entities

• Golden Star Resource Corp. (company) — Registrant name
• December 31, 2023 (date) — Quarterly period ended
• Nevada (location) — State of incorporation and principal executive offices
• Las Vegas (location) — City of principal executive offices
• Securities Exchange Act of 1934 (regulation) — Act under which the report is filed
• 000-52837 (other) — Commission file number

FAQ

Industry Context

Golden Star Resource Corp. operates as an exploration stage company in the miscellaneous metal ores industry.

Regulatory Implications

The filing adheres to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, mandating quarterly reporting for public companies.

What Investors Should Do

1. Analyze the financial statements for revenue, expenses, and cash flow.
2. Review the Management's Discussion and Analysis (MD&A) for operational insights.
3. Check for any disclosures regarding exploration activities, permits, or resource estimates.

Key Dates

• 2023-12-31: Quarterly Period End — End date of the reporting period for the 10-Q filing.
• 2024-02-01: Filing Date — Date the 10-Q report was filed with the SEC.

Year-Over-Year Comparison

This is the 10-Q filing for the period ending December 31, 2023, following previous filings which would include prior quarterly and annual reports.

Key Financial Figures

• $107,060 — March 28, 2007 and to date have raised $107,060, we will attempt to raise additional mo
• $30 — ficer and director, in consideration of $30 and we issued 3,000,000 shares of commo
• $464,487 — 2023, due to related parties balance of $464,487 (June 30, 2023: $443,485) represents th
• $443,485 — ies balance of $464,487 (June 30, 2023: $443,485) represents the combination of the foll
• $360,987 — nts the combination of the following: $360,987 (June 30, 2023: $339,985) was payable t
• $339,985 — e following: $360,987 (June 30, 2023: $339,985) was payable to a principal shareholder
• $28,000 — n-interest bearing and due on demand. $28,000 (June 30, 2023: $28,000) owed to a dire
• $75,500 — n-interest bearing and due on demand. $75,500 (June 30, 2023: $75,500) owed to a shar
• $155 — tification in lieu of paying the fee of $155 per claim. Payment of the Maintenance F

Filing Documents

• form10-q.htm (10-Q) — 375KB
• ex31-1.htm (EX-31.1) — 18KB
• ex31-2.htm (EX-31.2) — 18KB
• ex32-1.htm (EX-32.1) — 7KB
• ex32-2.htm (EX-32.2) — 7KB
• form10-q_001.jpg (GRAPHIC) — 69KB
• form10-q_002.jpg (GRAPHIC) — 76KB
• 0001493152-24-004556.txt (&nbsp;) — 1805KB
• glns-20231231.xsd (EX-101.SCH) — 12KB
• glns-20231231_cal.xml (EX-101.CAL) — 17KB
• glns-20231231_def.xml (EX-101.DEF) — 31KB
• glns-20231231_lab.xml (EX-101.LAB) — 99KB
• glns-20231231_pre.xml (EX-101.PRE) — 74KB
• form10-q_htm.xml (XML) — 78KB

Properties

Properties 13 Item 6. Exhibits 16

Signatures

Signatures 17 2 GOLDEN STAR RESOURCE CORP. CONDENSED INTERIM FINANCIAL STATEMENTS SIX MONTHS ENDED December 31, 2023 AND 2022 (Stated in U.S. Dollars) (Unaudited) 3 GOLDEN STAR RESOURCE CORP. CONDENSED INTERIM BALANCE SHEETS (Stated in U.S. Dollars) (Unaudited) December 31, 2023 June 30, 2023 ASSETS Current Cash $ ( 4 ) $ 9 Prepaid fees 2,660 2,660 TOTAL ASSETS 2,656 2,669 LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIENCY) Current Accounts payables and accrued liabilities $ 50,371 $ 46,538 Loan payable (Note 7) 284,058 284,058 Due to related parties (Note 6) 464,487 443,485 TOTAL LIABILITIES 798,917 774,081 STOCKHOLDERS' (DEFICIENCY) EQUITY Capital stock (Note 5) Authorized: 100,000,000 voting common shares with a par value of $ 0.00001 per share 100,000,000 preferred shares with a par value of $ 0.00001 per share; none issued Issued: 7,070,000 common shares $ 70 $ 70 Common stock value $ 70 $ 70 Additional paid in capital 106,990 106,990 Deficit accumulated during the exploration stage ( 903,320 ) ( 878,472 ) TOTAL STOCKHOLDERS' (DEFICIENCY) EQUITY ( 796,260 ) ( 771,412 ) TOTAL LIABILITIES AND STOCKHOLDERS' (DEFICIENCY) EQUITY $ 2,656 $ 2,669 Nature of operations and going concern (Note 1) The accompanying notes are an integral part of these condensed interim financial statements 4 GOLDEN STAR RESOURCE CORP. CONDENSED INTERIM STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Stated in U.S. Dollars) (Unaudited) 2023 2022 2023 2022 THREE MONTHS ENDED SIX MONTHS ENDED December 31, December 31, 2023 2022 2023 2022 Expenses Bank fees 13 13 $ 27 $ 27 Professional fees 2,250 10,022 8,450 10,022 Office expenses 2,500 2,000 5,000 4,000 Transfer and filing fees 6,572 1,874 11,371 7,476 Operating Expenses 11,335 13,910 24,848 21,525 Net Loss and Comprehensive Loss $ ( 11,335 ) $ ( 13,910 ) $ ( 24,848 ) $ ( 21,52

RISK FACTORS

ITEM 1A. RISK FACTORS We are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information under this item. ITEM 2. PROPERTIES Summary The following is a description of the Company's mineral properties. The Company holds a 100% interest on four contiguous Federal BLM unpatented lode mining claims in Nevada that were acquired for mineral exploration purposes, primarily in exploration for precious metals. The Property The four GSR lode mining claims, named GSR 1, 2, 3 and 4, were staked on Federal BLM lands on July 9, 2012 by Kee Nez Resources, LLC, a Utah limited liability company. The BLM claim numbers for claims GSR 1, 2, 3 and 4 are 1076314, 1076315, 1076316 and 1076317 respectively. Each of the four claims are 20.66 acres in size for a total of 82.64 acres. The Company acquired these unpatented claims on August 15, 2013, from Kee Nez Resources, LLC, who quitclaimed the four claims to the Company. This transfer was filed and recorded with the BLM on August 23, 2013. As a result, Golden Star Resource Corp. holds a 100% interest in the four claims. There are no underlying agreements or royalties. A Maintenance Fee or a Maintenance Fee Waiver Certification must be filed annually on or before September 1st in order to keep the claims valid and is filed in advance for the upcoming assessment year. Since the Company holds less than 10 Federal unpatented lode mining claims it is entitled to file a Maintenance Fee Waiver Certification in lieu of paying the fee of $155 per claim. Payment of the Maintenance Fee or filing of the Fee Waiver Certification is the responsibility of Golden Star Resource Corp. Notice of Holding of these claims is also filed annually with Churchill County. All requirements have been met until the next annual due date of September 1, 2024. There are no buildings, equipment or other facilities on the claims. Sources of power and water have not been inves

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following person on behalf of the Registrant and in the capacities on this 1st day of February, 2024. GOLDEN STAR RESOURCE CORP. (Registrant) By: /s/ Steven Bergstrom Steven Bergstrom A member of the Board of Directors. By: /s/ Marilyn Miller Marilyn Miller President, Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer, Secretary/Treasurer and a member of the Board of Directors. 17

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View this 10-Q filing on SEC EDGAR