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CONSOLIDATED INTERIM BALANCE SHEETS (CAD)
Jun. 30, 2012
Dec. 31, 2011
Current assets:    
Cash and cash equivalents 3,672,050 10,191,069
Amounts receivable (note 7(b)) 48,088 31,866
Prepaid expenses and other current assets 680,855 465,608
Assets, Current, Total 4,400,993 10,688,543
Investments (notes 4 and 5) 19,096 78,933
Reclamation deposit (note 8) 616,004 603,062
Property and Equipment, net (note 6) 4,194,644 1,638,280
Mineral properties (note 7) 49,791,301 49,563,134
Assets, Total 59,022,038 62,571,952
Current liabilities:    
Accounts payable and accrued liabilities (note 12) 2,485,839 1,188,041
Future income tax liability 4,134,097 4,103,278
Stockholders' equity (note 9):    
Common stock authorized - unlimited, no par value Issued - 115,560,568 (2011 - 113,849,475) 125,775,408 123,925,404
Additional paid in capital 11,635,547 10,950,108
Accumulated other comprehensive income (87,460) 26,875
Deficit accumulated during exploration stage (84,921,393) (77,621,754)
Stockholders' Equity Attributable to Parent, Total 52,402,102 57,280,633
Liabilities and Equity, Total 59,022,038 62,571,952