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Balance Sheets (USD $)
Mar. 31, 2013
Jun. 30, 2012
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