XML 54 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
STATEMENTS OF OPERATIONS (USD $)
3 Months Ended 12 Months Ended 67 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Sep. 30, 2012
Operating Expenses:          
Financing costs associated with valuation of warrants $ 781,968 $ 77,291 $ 1,826,160 $ 40,000 $ 3,170,319
Operation and administration 439,668 13,803 1,311,615 288,755 2,141,299
Exploration 198,401 9,646 1,273,491 126,841 1,689,834
Consulting 2,916 199,133 416,338 582,572 1,101,381
Stock compensation 139,682 200,051 639,731 286,750 1,066,164
Legal and accounting 77,235 199,648 214,642 138,840 478,583
Impairment of mining interest         11,800
Total operating expenses 1,639,870 699,572 5,681,977 1,463,758 9,659,380
Income (loss) from operations (1,639,870) (699,572) (5,681,977) (1,463,758) (9,659,380)
Other income (expense)          
Interest income       882 1,220
Interest expense (81) (97) (169) (189) (484)
Total other income (expense) (81) (97) (169) 693 736
Loss before income tax (1,639,951) (699,669) (5,682,146) (1,463,065) (9,658,644)
Net Income (Loss) (1,639,951) (699,669) (5,682,146) (1,463,065) (9,658,644)
Gain (loss) on foreign exchange 9,367 (27,559) (7,110) (1,188) 1,071
Comprehensive loss $ (1,630,584) $ (727,228) $ (5,689,256) $ (1,464,253) $ (9,657,573)
Net loss per share basic and fully diluted $ (0.02) $ (0.01) $ (0.08) $ (0.02)  
Weighted average common shares basic and diluted 78,278,094 70,933,334 75,705,683 69,733,334