v2.4.0.6
Balance Sheets (Unaudited) (USD $)
Jun. 30, 2012
Sep. 30, 2011
Sep. 30, 2010
ASSETS      
Cash $ 32,212 $ 629,857 $ 520,852
Prepaids and deposit 10,387 17,753 6,324
Advances to related party 0 0 18,416
TOTAL CURRENT ASSETS 42,599 647,610 545,592
LONG TERM ASSETS      
Mineral property 2,670,500 2,670,500 2,670,500
Reclamation bond 125,108 92,876 0
Equipment - net 2,288 3,218 4,480
Website - net 18,995 26,297 28,297
TOTAL LONG TERM ASSETS 2,816,891 2,792,891 2,703,277
TOTAL ASSETS 2,859,490 3,440,501 3,248,869
LIABILITIES AND STOCKHOLDERS' EQUITY      
Accounts payable and accrued liabilities 272,186 241,637 18,728
Promissory notes, current portion 1,000,000 431,250 600,000
TOTAL CURRENT LIABILITIES 1,272,186 672,887 618,728
LONG TERM LIABILITIES      
Promissory notes, net of current portion, net of debt discount of $280,992 ($777,442 - September 30, 2011; $1,105,729 - September 30, 2010) 1,619,008 1,691,308 1,794,271
TOTAL LONG TERM LIABILITIES 1,619,008 1,691,308 1,794,271
TOTAL LIABILITIES 2,891,194 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; 90,480,000 September 30, 2010) 99,080 92,951 90,480
Additional paid in capital 4,200,911 2,957,037 528,098
Stock payable 46,916 867,500 1,106,410
Accumulated deficit during exploration stage (4,378,611) (2,841,182) (889,118)
TOTAL STOCKHOLDERS' EQUITY (31,704) 1,076,306 835,870
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 2,859,490 $ 3,440,501 $ 3,248,869