STATEMENTS OF CASH FLOWS (USD $)	6 Months Ended		138 Months Ended
	Jul. 31, 2012	Jul. 31, 2011	Jul. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss)	$ (667,324)	$ (280,917)	$ (4,754,134)
Adjustments to reconcile net (loss) to net cash (used in) operating activities:
Income from sale of mineral interests	0	0	(2,235,000)
Writedown of inventory to market value	0	0	125,000
Impairment of mineral interests	281,477	0	590,977
Relief of payables and other indebtedness	0	0	(66,935)
Depreciation	0	0	7,062
Common stock issued for services	100,000	32,000	419,814
Stock subscriptions related to services provided	0	0	82,750
Stock options issued for services	0	0	75,500
Stock based compensation	0	0	699,937
Stock option expense	99,924	76,741	176,665
Changes in assets and liabilities:
Inventory	0	0	50,000
Prepaids and other current assets	56,912	63,490	(14,780)
Accounts payable and accrued expenses	(56,483)	53,986	466,407
Asset retirement obligation	0	0	(52,000)
Accounts payable and accrued expenses - shareholders	32,820	0	563,676
Net cash (used in) operating activities	(152,674)	(54,700)	(3,865,061)
CASH FLOWS FROM INVESTING ACTIVITIES:
Cash received in New Fork acquisition	297,564	0	297,564
Cash received in Tournigan acquisition	0	0	12,829
Proceeds from sale of mineral interests	0	0	2,235,000
Release of reclamation bonds	0	0	895,000
Net cash provided by investing activities	297,564	0	3,440,393
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of amounts due to Tournigan Energy, Inc.	0	0	(330,000)
Cash received from sale of common stock and subscriptions	50,000		856,486
Proceeds from the exercise of stock options	0	0	35,000
Proceeds from notes payable - shareholder	0	0	350,500
Repayment of note payable - shareholder	(149,000)		(1,150,568)
Capital contribution by shareholder	0	0	689,068
Net cash provided by (used in) financing activities	(99,000)	0	450,486
INCREASE(DECREASE) IN CASH AND CASH EQUIVALENTS	45,890	(54,700)	25,818
Cash, beginning of period	315	58,764	20,387
Cash, end of period	46,205	4,064	46,205
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Reclassification of capital contributions to note payable	0	0	864,068
Conversion of notes payable and accrued interest to common stock	0	0	187,500
Conversion of amounts due to shareholders to common stock	0	0	374,089
Conversion of amounts due to shareholders upon exercise of stock warrants	0	0	116,000
Common shares issued for stock subscriptions	0	0	433,813
Conversion of amounts due to affiliate to stock subscription	0	0	131,282
Purchase of inventory via direct payment by shareholder	0	0	175,000
Contribution of accounts payable and accrued expenses - shareholder	0	0	50,000
Contribution of amounts due Tournigan Energy Ltd. to capital	0	0	873,327
Common shares issued for New Fork acquisition	$ 2,000,000	$ 0	$ 2,000,000