Balance Sheets (USD $)	Jun. 30, 2012	Jun. 30, 2011
CURRENT ASSETS:
Cash	$ 7,765,265	$ 2,395,100
Prepaid expenses	138,029	78,158
Total current assets	7,903,294	2,473,258
PROPERTY AND EQUIPMENT:
Mineral properties	1,008,886	1,008,886
Accumulated depreciation, depletion and amortization	0	0
Total property and equipment, net	1,008,886	1,008,886
OTHER ASSETS:
Other	225,000	75,000
TOTAL ASSETS	9,137,180	3,557,144
CURRENT LIABILITIES:
Accounts payable	1,728,664	488,356
Accrued liabilities	73,000	156,408
Total current liabilities	1,801,664	644,764
COMMITMENTS AND CONTINGENCIES (NOTE 11)
SHAREHOLDERS' EQUITY:
Common Stock, $0.01 par value, 30,000,000 shares authorized; 2,480,269 shares issued and outstanding at June 30, 2012; 1,566,467 shares issued and outstanding at June 30, 2011	24,803	15,665
Additional paid-in capital	15,527,205	6,853,515
Accumulated deficit during exploration stage	(8,216,492)	(3,956,800)
SHAREHOLDERS’ EQUITY	7,335,516	2,912,380
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 9,137,180	$ 3,557,144