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STATEMENTS OF CASH FLOWS (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
Comprehensive loss $ (1,630,584) $ (727,228) $ (5,689,256) $ (1,464,253) $ (9,657,573)
Adjustments to reconcile net income (loss) to net cash used in operating activities:          
Financing costs associated with valuation of warrants 781,968 77,291 1,826,160 40,000 3,170,319
Valuation from stock option issuance 139,682 200,051 639,731 286,750 1,066,164
Shares issued in to settle contractual obligation     416,000   416,000
Depreciation expense 1,737   4,214   5,951
Changes in operating assets and liabilities          
(Increase) in prepaid expenses (146,409) (34,151) (46,330) 8,648 (203,033)
(Increase) in deposit (315)   (10,906) 850 (11,221)
(Increase) in other assets (28,887)   (34,335)   (63,222)
Increase (decrease) in accounts payable (36,689) (6,192) 35,399 54,941 59,634
Increase (decrease) in accrued expenses 26,455 (1,137) (295,771) 287,810 98,080
Net cash used in operating activities (893,042) (491,366) (3,155,094) (785,254) (5,118,901)
Cash flows from investing activities:          
Cash used for furniture and equipment     (34,732)   (34,732)
Cash paid for mining interest   (29,765) (31,608) (72,511) (129,119)
Net cash used in investing activities   (29,765) (66,340) (72,511) (163,851)
Cash flows from financing activities:          
Proceeds from related party note       150,000 150,000
Payments on related party note     (150,000)   (150,000)
Proceeds from issuance of common stock 75,000 688,639 5,252,388   6,362,387
Issue costs (2,308)   (202,763)   (205,071)
Net cash provided by financing activities 72,692 688,639 4,899,625 150,000 6,157,316
Increase (decrease) in cash and cash equivalents (820,350) 167,508 1,678,191 (707,765) 874,564
Initial cash and cash equivalents 1,694,914 16,723 16,723 724,488  
Final cash and cash equivalents 874,564 184,231 1,694,914 16,723 874,564
Supplement Disclosures:          
Cash paid for interest $ 81 $ 97 $ 169 $ 189 $ 484