v2.4.0.6

Balance Sheets (USD $) | Sep. 30, 2012 | Sep. 30, 2011
--- | --- | ---
ASSETS |  |
Cash | $ 0 | $ 629,857
Prepaids and deposit | 9,020 | 17,753
TOTAL CURRENT ASSETS | 9,020 | 647,610
LONG TERM ASSETS |  |
Mineral property (Note 4) | 2,670,500 | 2,670,500
Reclamation bond | 125,108 | 92,876
Equipment - net | 1,978 | 3,218
Website - net | 16,562 | 26,297
TOTAL LONG TERM ASSETS | 2,814,148 | 2,792,891
TOTAL ASSETS | 2,823,168 | 3,440,501
LIABILITIES AND STOCKHOLDERS' EQUITY |  |
Bank overdraft | 423 | 0
Accounts payable and accrued liabilities | 248,957 | 241,637
Promissory notes, current portion | 1,600,000 | 431,250
TOTAL CURRENT LIABILITIES | 1,849,380 | 672,887
LONG TERM LIABILITIES |  |
Promissory notes, net of current portion, net of debt discount of $217,998 ($777,442 – September 30, 2011) | 1,082,002 | 1,691,308
TOTAL LONG TERM LIABILITIES | 1,082,002 | 1,691,308
TOTAL LIABILITIES | 2,931,382 | 2,364,195
STOCKHOLDERS' EQUITY |  |
Capital stock Authorized 500,000,000 shares of common stock, $0.001 par value, Issued and outstanding 101,247,086 shares of common stock (92,952,085 September 30, 2011) | 101,247 | 92,951
Additional paid in capital | 4,349,244 | 2,957,037
Stock payable | 18,333 | 867,500
Accumulated deficit during exploration stage | (4,577,038) | (2,841,182)
TOTAL STOCKHOLDERS' EQUITY (DEFICIT) | (108,214) | 1,076,306
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT) | $ 2,823,168 | $ 3,440,501

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