Deferred Costs, Capitalized, Prepaid, and Other Assets

12 Months Ended

Apr. 30, 2012

Disclosure Text Block Supplement [Abstract]

Other Assets Disclosure [Text Block]

NOTE 3 – PREPAID EXPENSES

The following is a summary of the Company’s prepaid expenses at April 30, 2012:

Exploration expense		$	92,424
Legal retainer			15,000
Directors and officers liability insurance			26,130
	Total	$	133,554

Exploration expense was prepaid in order to satisfy required expenditure obligations for the year ended January 15, 2012 for which the corresponding work could not be completed by that date.  The prepaid balance will be reduced as invoices are applied to ongoing drilling and exploration activities in the future which the Company expects to recognize as exploration expense during the remainder of its fiscal year ending April 30, 2013.