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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
3 Months Ended 108 Months Ended
Apr. 30, 2013
Apr. 30, 2012
Apr. 30, 2013
Cash flows from operating activities:      
Net income (loss) $ (204,798) $ 147,373 $ (3,037,250)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation expense 441 440 3,146
Stock-based compensation 0 175,000 125,000
Amortization of debt discount 0 0 9,618
Unrealized and realized gain on derivatives, net (41,763) (751,427) (1,603,644)
Changes in operating assets and liabilities:      
Other receivables 0 5,907 0
Accounts payable 17,204 (12,922) 6,323
Accounts payable - related party 33,886 67,080 293,424
Other accrued expenses - related party 13,500 13,500 70,142
Interest accrued on notes payable from related party 0 0 1,621
Net cash used in operating activities (100,260) (278,678) (2,750,204)
Cash flows from investing activities:      
Purchase of property and equipment 0 0 (8,809)
Acquisition of mining rights 0 0 (70,000)
Net cash used in investing activities 0 0 (78,809)
Cash flows from financing activities:      
Proceeds from related party loans 0 0 92,430
Proceeds from common and preferred stock issued, net of offering costs 0 168,250 2,958,523
Payments from cancellation of common stock 0 0 (63,000)
Net cash provided by financing activities 0 168,250 2,987,953
Net increase (decrease) in cash (100,260) (110,428) 158,940
Cash - beginning of period 259,200 828,181 0
Cash - end of period 158,940 717,753 158,940
Cash paid during the period for:      
Interest 0 0 0
Income taxes 0 0 0
Noncash investing and financing activities:      
Issuance of common stock for convertible notes 0 0 3,660
Re-class of derivatives related to convertible notes 0 0 91,365
Common stock cancellation 0 0 62,700
Issuance of common stock for acquisition of mining rights 0 0 21,250
Related Party Transactions
     
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Stock-based compensation 74,998 82,497 1,391,427
Changes in operating assets and liabilities:      
Prepaid expenses 0 (9,000) 0
Noncash investing and financing activities:      
Contributed capital 0 0 374
Related party note receivable write-off 0 0 557,927
All Other
     
Changes in operating assets and liabilities:      
Prepaid expenses 6,272 2,874 (10,011)
Derivative
     
Noncash investing and financing activities:      
Debt discount due to derivative liabilities 0 0 9,618
Issuance of derivative warrant instruments 0 101,985 1,969,152
Stockholders
     
Noncash investing and financing activities:      
Contributed capital $ 0 $ 0 $ 157,665