v2.4.0.6

Statements of Operations (Unaudited) (USD $) | 3 Months Ended | 9 Months Ended | 12 Months Ended | 59 Months Ended
--- | --- | --- | --- | ---
Jun. 30, 2012 | Jun. 30, 2011 | Jun. 30, 2012 | Jun. 30, 2011 | Sep. 30, 2011 | Sep. 30, 2010 | Jun. 30, 2012
REVENUES |  |  |  |  |  |  |
Revenues | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0 | $ 0
Total revenues | 0 | 0 | 0 | 0 | 0 | 0 | 0
EXPENSES |  |  |  |  |  |  |
Office and general | 40,246 | 86,215 | 252,769 | 215,858 | 261,032 | 91,427 | 611,153
Management fees | 46,083 | 113,334 | 199,416 | 726,667 | 802,500 | 0 | 1,200,580
Professional fees | 48,193 | 35,191 | 148,667 | 88,635 | 119,291 | 258,613 | 358,809
Gain on debt forgiveness | 0 | 0 | 0 | 0 | 0 | (8,000) | (8,000)
Exploration costs | 155,425 | 60,112 | 440,127 | 105,868 | 440,894 | 0 | 881,021
Total expenses | (289,947) | (294,852) | (1,040,979) | (1,137,028) | (1,623,717) | (342,040) | (3,043,563)
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |
Interest expense | (105,762) | (78,873) | (263,388) | (249,534) | (328,347) | (197,374) | (789,109)
Loss on extinguishment of debt | 0 | 0 | (233,062) | 0 | 0 | (237,807) | (470,869)
Total other expenses | (105,762) | (78,873) | (496,450) | (249,534) | (328,347) | (435,181) | (1,259,978)
NET LOSS | $ (395,709) | $ (373,725) | $ (1,537,429) | $ (1,386,562) | $ (1,952,064) | $ (777,221) | $ (4,303,541)
BASIC LOSS PER COMMON SHARE | $ 0.00 | $ 0.00 | $ (0.02) | $ 0.00 | $ (0.02) | $ (0.01) |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC | 99,080,419 | 92,901,689 | 96,789,702 | 91,847,442 | 92,125,873 | 88,689,041 |

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