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Statements of Operations (USD $)
3 Months Ended 9 Months Ended 41 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
EXPENSES:          
Claim rentals and minimum royalties $ 31,683 $ 87,345 $ 130,971 $ 258,785 $ 803,898
Exploration expenses 246,732 37,558 4,445,981 1,736,695 11,096,715
Other operating expenses 0 12,139 0 22,842 146,550
Stock-based compensation expense 127,540 38,454 858,164 154,430 1,114,729
General and administrative expenses 95,078 67,583 464,124 212,977 953,840
Total expenses 501,033 243,079 5,899,240 2,385,729 14,115,732
NET LOSS $ 501,033 $ 243,079 $ 5,899,240 $ 2,385,729 $ 14,115,732
LOSS PER SHARE          
Basic and diluted $ 0.19 $ 0.15 $ 2.32 $ 1.49 $ 7.64
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING          
Basic and diluted 2,642,495 1,641,894 2,537,466 1,598,203 1,846,871