v2.4.0.6
Balance Sheets (Unaudited) (USD $)
Mar. 31, 2012
Sep. 30, 2011
Sep. 30, 2010
ASSETS      
Cash $ 133,158 $ 629,857 $ 520,852
Prepaids and deposit 46,071 17,753 6,324
Advances to related party 0 0 18,416
TOTAL CURRENT ASSETS 179,229 647,610 545,592
LONG TERM ASSETS      
Mineral property 2,670,500 2,670,500 2,670,500
Reclamation bond 125,108 92,876 0
Equipment - net 2,598 3,218 4,480
Website - net 21,429 26,297 28,297
TOTAL LONG TERM ASSETS 2,819,635 2,792,891 2,703,277
TOTAL ASSETS 2,998,864 3,440,501 3,248,869
LIABILITIES AND STOCKHOLDERS' EQUITY      
Accounts payable and accrued liabilities 145,195 241,637 18,728
Promissory notes, current portion 400,000 431,250 600,000
TOTAL CURRENT LIABILITIES 545,195 672,887 618,728
LONG TERM LIABILITIES      
Promissory notes, net of current portion, net of debt discount of $386,754 ($777,442 - September 30, 2011 and $1,105,729 - September 30, 2010) 2,113,246 1,691,308 1,794,271
TOTAL LONG TERM LIABILITIES 2,113,246 1,691,308 1,794,271
TOTAL LIABILITIES 2,658,441 2,364,195 2,412,999
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 and 90,480,000 September 30, 2010) 99,079 92,951 90,480
Additional paid in capital 4,200,912 2,957,037 528,098
Stock payable 23,333 867,500 1,106,410
Accumulated deficit during exploration stage (3,982,901) (2,841,182) (889,118)
TOTAL STOCKHOLDERS' EQUITY 340,423 1,076,306 835,870
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,998,864 $ 3,440,501 $ 3,248,869