STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended		64 Months Ended
	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2012
Comprehensive loss	$ (5,689,256)	$ (1,464,253)	$ (8,026,989)
Adjustments to reconcile net loss to net cash used in operating activities:
Valuation of warrants associated with financing	1,826,160	40,000	2,388,351
Valuation from stock option issuance	639,731	286,750	926,481
Shares issued to settle contractual obligation	416,000		416,000
Depreciation expense	4,214		4,214
Changes in operating assets and liabilities
(Increase) decrease in prepaid expenses	(46,330)	8,648	(56,624)
(Increase) decrease in deposit	(10,906)	850	(10,906)
(Increase) decrease in other assets	(34,335)		(34,335)
Increase (decrease) in accounts payable	35,399	54,941	96,323
Increase (decrease) in accrued expenses	(295,771)	287,810	71,625
Net cash used in operating activities	(3,155,094)	(785,254)	(4,225,860)
Cash flows from investing activities
Cash used for furniture and equipment	(34,732)		(34,732)
Cash paid for mining interest	(31,608)	(72,511)	(129,119)
Net cash used in investing activities	(66,340)	(72,511)	(163,851)
Cash flows from financing activities:
Proceeds from related party note		150,000	150,000
Payments on related party payable	(150,000)		(150,000)
Proceeds from issuance of common stock	5,252,388		6,287,388
Issue costs	(202,763)		(202,763)
Net cash provided by/(used in) financing activities	4,899,625	150,000	6,084,625
Increase (Decrease) in Cash and Cash Equivalents	1,678,191	(707,765)	1,694,914
Initial Cash and Cash Equivalents	16,723	724,488
Final Cash and Cash Equivalents	1,694,914	16,723	1,694,914
Supplement Disclosures:
Cash paid for interest	$ 169	$ 189	$ 403