v2.4.0.6

Statements of Operations (USD $) | 12 Months Ended | 62 Months Ended
--- | --- | ---
Sep. 30, 2012 | Sep. 30, 2011 | Sep. 30, 2012
REVENUES |  |  |
Revenues | $ 0 | $ 0 | $ 0
Total revenues | 0 | 0 | 0
EXPENSES |  |  |
Office and general | 283,682 | 261,032 | 642,066
Management fees | 236,833 | 802,500 | 1,237,997
Professional fees | 173,517 | 119,291 | 383,659
Gain on debt forgiveness | 0 | 0 | (8,000)
Exploration costs | 448,610 | 440,894 | 889,504
Total expenses | (1,142,642) | (1,623,717) | (3,145,226)
OTHER INCOME (EXPENSE) |  |  |
Interest expense | (360,152) | (328,347) | (885,873)
Loss on extinguishment of debt | (233,062) | 0 | (470,869)
Total other expenses | (593,214) | (328,347) | (1,356,742)
NET LOSS | $ (1,735,856) | $ (1,952,064) | $ (4,501,968)
BASIC LOSS PER COMMON SHARE | $ (0.02) | $ (0.02) |
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING - BASIC | 97,510,321 | 92,125,873 |

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