XML 22 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (USD $)
3 Months Ended 9 Months Ended 119 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS [Abstract]          
REVENUES               
EXPENSES          
Consulting and professional fees 5,182 6,909 22,214 32,403 1,891,186
Exploration costs             2,449,248
Stock compensation expense             381,340
General and administrative expenses 3,247 5,847 8,742 16,301 1,022,524
TOTAL EXPENSES 8,429 12,756 30,956 48,704 5,744,298
LOSS FROM OPERATIONS (8,429) (12,756) (30,956) (48,704) (5,744,298)
OTHER INCOME (EXPENSE)          
Loss on sale of mining equipment             (177,193)
Gain on settlement of debt             142,442
Other income             1,186
TOTAL OTHER INCOME (EXPENSE)             (33,565)
LOSS BEFORE INCOME TAXES (8,429) (12,756) (30,956) (48,704) (5,777,863)
INCOME TAXES               
NET LOSS AND COMPREHENSIVE LOSS $ (8,429) $ (12,756) $ (30,956) $ (48,704) $ (5,777,863)
NET LOSS PER SHARE, BASIC AND DILUTED: $ 0.0 $ 0.0 $ 0.0 $ (0.01)  
WEIGHTED AVERAGE NUMBER OF COMMON STOCK SHARES OUTSTANDING, BASIC AND DILUTED: 6,503,295 6,503,275 6,503,295 5,462,313