XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 9 Months Ended 131 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
Mar. 31, 2012
Mar. 31, 2013
REVENUES $ 0 $ 0 $ 0 $ 0 $ 0
EXPENSES          
Consulting and professional fees 1,754 5,182 14,439 22,214 1,908,482
Exploration costs 0 0 0 0 2,449,248
Stock compensation expense 0 0 0 0 381,340
General and administrative expenses 4,350 3,247 12,634 8,742 1,037,257
TOTAL EXPENSES 6,104 8,429 27,073 30,956 5,776,327
LOSS FROM OPERATIONS (6,104) (8,429) (27,073) (30,956) (5,776,327)
OTHER INCOME (EXPENSE)          
Loss on sale of mining equipment 0 0 0 0 (177,193)
Gain on settlement of debt 0 0 0 0 142,442
Other income 0 0 0 0 1,186
TOTAL OTHER INCOME (EXPENSE) 0 0 0 0 (33,565)
LOSS BEFORE INCOME TAXES (6,104) (8,429) (27,073) (30,956) (5,809,892)
INCOME TAXES 0 0 0 0 0
NET LOSS AND COMPREHENSIVE LOSS $ (6,104) $ (8,429) $ (27,073) $ (30,956) $ (5,809,892)
NET LOSS PER SHARE, BASIC AND DILUTED: $ 0.00 $ 0.00 $ 0.00 $ 0.00 $ 0.00
WEIGHTED AVERAGE NUMBER OF COMMON STOCK SHARES OUTSTANDING, BASIC AND DILUTED: 6,503,295 6,503,295 6,503,295 6,503,295 0