v2.4.0.6
Statements of Cash Flows (USD $)
 3 Months Ended 65 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES      
Net loss $ (198,195) $ (461,831) $ (4,700,163)
Adjustment to reconcile net loss to net cash used in operating activities      
Depreciation and amortization 2,771 2,744 28,134
Stock-based compensation 26,000 42,500 1,129,836
Accretion of debt discount 69,961 78,813 922,004
Gain on extinguishment of debt 0 0 (8,000)
Loss on extinguishment of debt 0 0 470,869
Change in current assets and liabilities:      
(Increase) decrease in prepaid expenses 3,054 7,541 (5,966)
Decrease (increase) in accounts payable and accrued liabilities (1,148) (6,325) 255,808
NET CASH USED IN OPERATING ACTIVITIES (97,557) (336,558) (1,907,478)
CASH FLOWS FROM INVESTING ACTIVITIES      
Website 0 0 (38,945)
Equipment (523) 0 (5,480)
Mineral property 0 0 (350,000)
Reclamation bond 0 (32,232) (125,108)
NET CASH USED IN INVESTING ACTIVITIES (523) (32,232) (519,533)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from bank overdraft (423) 0 0
Proceeds from sale of common stock 100,000 0 2,812,310
Loans from related party 0 0 16,198
Proceeds from notes payable 0 0 200,000
Payment on promissory note 0 0 (600,000)
NET CASH PROVIDED BY FINANCING ACTIVITIES 99,577 0 2,428,508
NET INCREASE ( DECREASE) IN CASH 1,497 (368,790) 1,497
CASH, BEGINNING OF PERIOD 0 629,857 0
CASH, END OF PERIOD 1,497 261,067 1,497
Supplemental information:      
Interest paid in cash 31,250 0 62,500
Taxes paid in cash 0 0 0
Supplemental cash flow information and noncash financing activities:      
Common stock payable for property 0 0 115,000
Promissory notes issued for property 0 0 2,405,500
Forgiveness of debt by former director 0 0 16,198
Common stock issued to satisfy common stock payable 0 867,500 1,973,910
Conversion of debt totalling $208,603, (including interest of $8,603) for common stock $ 0 $ 0 $ 464,610