v2.4.0.6
Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended 12 Months Ended 59 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Sep. 30, 2011
Sep. 30, 2010
Jun. 30, 2012
CASH FLOWS FROM OPERATING ACTIVITIES          
Net loss $ (1,537,429) $ (1,386,562) $ (1,952,064) $ (777,221) $ (4,303,541)
Adjustment to reconcile net loss to net cash used in operating activities          
Depreciation and amortization 8,232 8,272 11,016 3,371 22,619
Stock-based compensation 229,419 644,166 692,500 160,000 1,081,919
Accretion of debt discount 263,388 249,475 328,287 197,374 789,049
Gain on forgiveness of debt 0 0 0 (8,000) (8,000)
Loss on forgiveness of debt 233,062 0 0 237,807 470,869
(Increase) in prepaid expenses 7,366 (49,091) (11,429) (6,324) (10,387)
(Increase) decrease in advances to related party 0 18,416 18,416 (18,416) 0
Increase in accounts payable and accrued liabilities 30,549 25,561 222,909 13,472 280,186
NET CASH USED IN OPERATING ACTIVITIES (765,413) (489,763) (690,365) (197,937) (1,677,286)
CASH FLOWS FROM INVESTING ACTIVITIES          
Website 0 (7,754) (7,754) (31,191) (38,945)
Equipment 0 0 0 (4,957) (4,957)
Mineral property 0 0 0 (350,000) (350,000)
Reclamation bond (32,232) 0 (92,876) 0 (125,108)
NET CASH USED IN INVESTING ACTIVITIES (32,232) (7,754) (100,630) (386,148) (519,010)
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from sale of common stock 200,000 900,000 1,500,000 900,000 2,612,310
Loans from related party 0 0 0 4,790 16,198
Proceeds from notes payable 0 0 0 200,000 200,000
Payment on promissory note 0 (600,000) (600,000) 0 (600,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 200,000 300,000 900,000 1,104,790 2,228,508
NET INCREASE ( DECREASE) IN CASH (597,645) (197,517) 109,005 520,705 32,212
CASH, BEGINNING OF PERIOD 629,857 520,852 520,852 147 0
CASH, END OF PERIOD 32,212 323,335 629,857 520,852 32,212
Supplemental information:          
Interest paid in cash 0 0     0
Taxes paid in cash 0 0     0
Supplemental cash flow information and noncash financing activities:          
Common stock payable for property acquisition 0 0 0 115,000 115,000
Promissory notes issued for property 0 0 0 2,405,500 2,405,500
Forgiveness of debt by former director 0 0 0 16,198 16,198
Common stock issued to satisfy common stock payable 867,500 1,106,410 1,106,410 0 1,973,910
Conversion of debt totalling $208,603, (including interest of $8,603) for common stock $ 0 $ 0 $ 0 $ 446,410 $ 464,410