v2.4.0.6
Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Sep. 30, 2011
ASSETS    
Cash $ 32,212 $ 629,857
Prepaids and deposit 10,387 17,753
TOTAL CURRENT ASSETS 42,599 647,610
LONG TERM ASSETS    
Mineral property 2,670,500 2,670,500
Reclamation bond 125,108 92,876
Equipment - net 2,288 3,218
Website - net 18,995 26,297
TOTAL LONG TERM ASSETS 2,816,891 2,792,891
TOTAL ASSETS 2,859,490 3,440,501
LIABILITIES AND STOCKHOLDERS' EQUITY    
Accounts payable and accrued liabilities 272,186 241,637
Promissory notes, current portion 1,000,000 431,250
TOTAL CURRENT LIABILITIES 1,272,186 672,887
LONG TERM LIABILITIES    
Promissory notes, net of current portion, net of debt discount of $386,754 ($777,442 - September 30, 2011) 1,619,008 1,691,308
TOTAL LONG TERM LIABILITIES 1,619,008 1,691,308
TOTAL LIABILITIES 2,891,194 2,364,195
STOCKHOLDERS' EQUITY    
Capital stock Authorized 500,000,000 shares of common stock, $0.001 par value, Issued and outstanding 99,080,419 shares of common stock (92,952,085 September 30, 2011) 99,080 92,951
Additional paid in capital 4,200,911 2,957,037
Stock payable 46,916 867,500
Accumulated deficit during exploration stage (4,378,611) (2,841,182)
TOTAL STOCKHOLDERS' EQUITY (31,704) 1,076,306
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,859,490 $ 3,440,501