Note 5 - Accrued expenses

6 Months Ended

Sep. 30, 2011

Accounts Payable and Accrued Liabilities Disclosure [Text Block]

Note 5 – Accrued Expenses

Accrued expenses consist of the following:

	September 30, 2011		March 31, 2011
Payroll	$	1,141,044	$	1,137,695
Fees payable to Bleeding Rock		1,371,551		1,521,551
Mineral lease payable		49,556		195,213
Legal and professional fees		-		35,126
Income tax payable		-		700
Reports and engineering		-		21,273
Interest		-		13,592
Total accrued expenses	$	2,562,151	$	2,925,150