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Balance Sheets (USD $) | Mar. 31, 2013 | Jun. 30, 2012
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CURRENT ASSETS: |  |
Cash | $ 15,944,387 | $ 7,765,265
Prepaid expenses | 64,660 | 138,029
Total current assets | 16,009,047 | 7,903,294
PROPERTY AND EQUIPMENT: |  |
Mineral properties | 1,208,886 | 1,008,886
Accumulated depreciation, depletion and amortization | 0 | 0
Total property and equipment, net | 1,208,886 | 1,008,886
OTHER ASSETS: |  |
Other | 225,000 | 225,000
TOTAL ASSETS | 17,442,933 | 9,137,180
CURRENT LIABILITIES: |  |
Accounts payable | 821,372 | 1,728,664
Accrued liabilities | 0 | 73,000
Total current liabilities | 821,372 | 1,801,664
SHAREHOLDERS' EQUITY: |  |
Common Stock, $0.01 par value, 30,000,000 shares authorized; 3,750,394 shares issued and outstanding at March 31, 2013; 2,480,269 shares issued and outstanding at June 30, 2012 | 37,504 | 24,803
Additional paid-in capital | 30,699,789 | 15,527,205
Accumulated deficit during exploration stage | (14,115,732) | (8,216,492)
SHAREHOLDERS’ EQUITY | 16,621,561 | 7,335,516
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 17,442,933 | $ 9,137,180

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