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Notes Payable - Shareholder
12 Months Ended
Jan. 31, 2012
Notes Payable - Shareholder [Abstract]  
Notes Payable - Shareholder [Text Block]

Note 7.  Notes Payable - Shareholder

 

In 2005, a shareholder advanced $30,000 to the Company for working capital purposes and to assist in identification of new mining properties.  This loan is due on demand and bore interest at 5% per annum through January 31, 2009, at which time the interest rate was increased to 10% per annum.  During the years ended January 31, 2010 and 2009, the shareholder advanced an additional $50,000 and $80,000, respectively, under substantially identical terms. On August 31, 2011 the shareholder advanced a further $150,000 and added an additional $30,000 on Oct 27, 2011, for a loan total of $340,000 at January 31, 2012. The additional loans were done under identical terms of previous loans advanced to the Company.   The $180,000 was repaid subsequent to year end.