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CONSOLIDATED INTERIM STATEMENTS OF OPERATIONS (CAD)
3 Months Ended 6 Months Ended 194 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Expenses          
Consulting (note 12) 81,155 63,462 103,875 107,149 1,226,504
Depreciation 83,294 6,928 167,004 27,420 1,025,284
Gain on sale of subsidiary         (2,806,312)
Interest and bank charges 584 5,965 1,244 10,969 913,448
Investor relations 20,033 62,202 79,791 101,798 1,459,619
Legal, audit and accounting 190,405 107,674 438,022 180,776 3,822,144
Management fees 16 (1,965) 8 (5,682) 210,778
Mineral exploration expenditures (Schedule) 2,133,303 3,148,793 3,167,564 4,534,015 61,668,214
Mineral property interests written-off         4,643,637
Mineral property interests recovered         (60,120)
Office and administration 188,429 83,613 375,564 146,497 2,373,778
Salaries and benefits 936,307 443,555 2,187,908 1,247,939 16,413,460
Transfer agent and filing fees 68,795 49,631 106,470 110,492 951,792
Travel 79,940 53,067 147,760 114,332 1,358,765
Operating loss 3,782,261 4,022,925 6,775,210 6,575,705 93,200,991
Other income (expenses):          
Foreign exchange gain (loss) (65,818) 58,486 (16,553) 108,081 1,511,978
Loss on change in fair value of warrant liability       (592,026) (1,235,700)
Interest and investment income 1,399 7,113 16,074 9,125 905,718
Loss on sale of equipment         526,149
Gain on sale of investments         44,077
Investment write down         (130,000)
Unrealized gain (loss) on investments (note 5) (6,330) (4,382) (8,587) 1,534 (608,874)
Write down of deferred financing costs (450,717)   (450,717)   (450,717)
Other income (expense) (29,389) (273) (36,785) (273) 32,842
Nonoperating Income (Expense), Total (550,855) 60,944 (496,568) (473,559) 595,473
Net loss before income tax 4,333,116 3,961,981 7,271,778 7,049,264 92,605,518
Income tax recovery (expense) 105,871 661,000 (27,861) 1,034,000 7,684,125
Net loss 4,227,245 3,300,981 7,299,639 6,015,264 84,921,393
Basic and diluted loss per share 0.04 0.03 0.06 0.06  
Weighted average number of shares outstanding 114,428,565 104,991,087 114,195,541 101,718,618